Peraso Q1 revenue up 37% YoY to $3.9M; GAAP net loss narrows to $0.10/sh

Peraso Inc.

2025-Q1 EPS reported -$0.10 revenue$3,869,000

Total revenue $3.9M vs $2.8M YoY; mmWave product revenue exceeded full-year 2024 total.
GAAP net loss $0.5M ($0.10/sh) vs $2.0M ($1.07/sh) YoY; non-GAAP net loss $0.4M ($0.08/sh).
Adjusted EBITDA improved to negative $0.3M from negative $1.4M YoY.
Q2 2025 revenue expected $1.8M–$2.0M reflecting planned end-of-life memory IC shipments roll-off.
Secured contract with leading defense contractor for 60 GHz technology for military application.

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