secwatch.observer — SEC 8-K summary
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Issuer:     Peraso Inc. (PRSO)
CIK:        0000890394
Form:       8-K
Filed at:   2025-05-12T23:59:59+00:00
Accession:  0001654954-25-005441
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/890394/000165495425005441/0001654954-25-005441-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/890394/000165495425005441/prso_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-25-005441

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