Peraso Q4 revenue $3.7M (+100% YoY); GAAP gross margin 56.3%; net loss narrows to $1.6M

Peraso Inc.

Q4 revenue of $3.7M, up 100% YoY, driven by memory IC end-of-life shipments; GAAP gross margin improved to 56.3% from negative 147.3%.
GAAP net loss of $1.6M ($0.37 per share) vs. $8.9M loss a year ago; non-GAAP net loss $0.5M ($0.13 per share).
Full year 2024 revenue $14.6M; GAAP gross margin 51.7% vs. 13.6% in 2023; net loss $10.7M improved from $16.8M.
Received $3.6M mmWave purchase order; Q1 2025 revenue guidance $3.6-4.0M; expects mmWave revenue in Q1 to exceed full year 2024 mmWave revenue.

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