Peraso Q1 revenue $1.0M, net loss widens to $2.5M on supply chain delay

Peraso Inc.

• Revenue $1.0M vs $3.9M YoY; product revenue $0.7M down from $3.8M.
• GAAP net loss $0.22/sh vs $0.08/sh loss YoY; non-GAAP loss $0.20/sh.
• Gross margin 61.5% vs 69.3% YoY; sequentially up from 52.2%.
• CEO cites delayed customer order from supplier; order shipped in Q2; mitigation measures underway.
• Growing interest in 60 GHz for tactical defense; initial shipments to InTACT in April.

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