secwatch.observer — SEC 8-K summary
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Issuer:     Peraso Inc. (PRSO)
CIK:        0000890394
Form:       8-K
Filed at:   2024-11-12T23:59:59+00:00
Accession:  0001654954-24-014181
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Peraso posts Q3 2024 revenue of $3.8M, GAAP net loss $2.7M; guides Q4 at $3.6-$4.0M
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- Revenue $3.8M, down 16% YoY from $4.5M; product revenue $3.8M.
- GAAP net loss $2.7M ($0.98/sh) vs $0.6M ($0.87/sh) loss in Q3 2023; non-GAAP net loss $0.9M ($0.34/sh).
- Operating expenses down ~20% YoY to $4.5M GAAP; cost reduction initiatives cited.
- Backlog of memory IC products $5.7M; expects fulfillment over next two quarters.
- Recent warrant exercise raised ~$2.9M gross proceeds at reduced exercise price of $1.30/share.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/890394/000165495424014181/0001654954-24-014181-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/890394/000165495424014181/prso_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-24-014181

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