secwatch.observer — SEC 8-K summary
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Issuer:     Peraso Inc. (PRSO)
CIK:        0000890394
Form:       8-K
Filed at:   2024-08-12T23:59:59+00:00
Accession:  0001654954-24-010334
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Peraso Q2 revenue $4.2M (+50.5% seq); GAAP net loss $4.4M
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- Q2 revenue $4.2M, up 50.5% sequentially and ~75% YoY; GAAP gross margin 55.5% (vs 46.4% prior qtr, 25.3% YoY).
- GAAP net loss $4.4M ($1.88/share) vs $2.0M prior qtr; non-GAAP net loss $2.1M ($0.88/share); Adjusted EBITDA -$1.9M.
- Operating expenses $6.8M GAAP including $0.4M severance and $1.6M software license obligations.
- Q3 2024 revenue guidance $3.8-4.2M; memory IC backlog ~$9.1M expected to fulfill through Q1 2025.
- Secured first volume production order for mmWave DUNE platform from a South African service provider.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/890394/000165495424010334/0001654954-24-010334-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/890394/000165495424010334/peraso_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-24-010334

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer