Daniel Lewis
On December 16, 2022, Daniel Lewis retired from his position as vice president and general manager of memory products of Peraso Inc. (the “Company”), effective immediately.
Highest-materiality recent filing
Peraso enters $25M committed equity facility with Roth Principal Investments
Up to $25M of common stock may be sold to Roth Principal Investments at company's discretion.
Peraso Q1 revenue $1.0M, net loss widens to $2.5M on supply chain delay
Revenue $1.0M vs $3.9M YoY; product revenue $0.7M down from $3.8M.
Peraso cuts Q1 2026 revenue guidance to $0.9-1.0M from $1.2M; ups ATM by $2.125M
Preliminary Q1 total revenue now $0.9M-$1.0M, down from prior estimate of $1.2M announced March 16.
Peraso reports FY2025 revenue $12.2M, net loss $4.8M; mmWave product revenue up 6x YoY
Full year 2025 total net revenue $12.2M, down from $14.6M in 2024; GAAP net loss $4.8M ($0.67/sh) vs $10.7M loss in 2024.
Peraso and Mobix Labs continue discussions regarding a potential strategic transaction after signing a mutual confidentiality agreement on October 30, 2025.
Peraso boosts ATM equity offering by $3.15M; director McWalter to retire
Director Ian McWalter will not stand for re-election at 2025 annual meeting; retirement unrelated to company policies.
Peraso Q3 revenue $3.2M (+45% seq); mmWave product revenue hits record $3.1M
GAAP net loss $1.2M ($0.17/shr) vs $1.8M ($0.31/shr) in Q2 2025.
Peraso secures ~$1.1M via warrant exercise inducement, issues new Series E warrants
Existing Series C warrant holder exercises 952,380 shares at reduced price $1.18 (from $1.61), gross proceeds ~$1.1M.
Peraso receives revised unsolicited proposal from Mobix Labs; agrees to exploratory call
Mobix Labs submitted revised proposal on Sept 4 with cash and stock consideration in undetermined amount.
Peraso receives Nasdaq deficiency notice for minimum bid price non-compliance
Nasdaq letter on Sept 5, 2025: closing bid price below $1 for 30 consecutive business days ended Sept 4, 2025.
Peraso Q2 revenue $2.2M, mmWave product revenue up 45% sequentially; guides Q3 revenue $2.8-3.1M
GAAP net loss $1.8M ($0.31 per share) vs $4.4M loss ($1.88) in Q2 2024.
Peraso authorizes strategic alternatives review, retains Craig-Hallum, evaluates Mobix Labs proposal
Board authorized exploration of strategic alternatives including merger or sale of assets.
Peraso Inc. receives unsolicited acquisition proposal from Mobix Labs at ~$1.20/share
Peraso Inc. confirms receipt of unsolicited non-binding acquisition proposal from Mobix Labs, Inc.
Peraso regains Nasdaq minimum bid price compliance
Received Nasdaq letter on June 18, 2025 confirming compliance with Rule 5550(a)(2).
Peraso Q1 revenue up 37% YoY to $3.9M; GAAP net loss narrows to $0.10/sh
Total revenue $3.9M vs $2.8M YoY; mmWave product revenue exceeded full-year 2024 total.
Peraso receives Nasdaq deficiency notice for minimum bid price below $1
Received Nasdaq letter on April 4, 2025, due to closing bid price below $1 for 30 consecutive business days ending April 3.
Peraso Q4 revenue $3.7M (+100% YoY); GAAP gross margin 56.3%; net loss narrows to $1.6M
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%.
Peraso regains Nasdaq minimum equity compliance after $2.6M warrant inducement offering
As of Sept 30, 2024, stockholders' equity was ~$2,026,000, below Nasdaq's $2.5M minimum.
Peraso posts Q3 2024 revenue of $3.8M, GAAP net loss $2.7M; guides Q4 at $3.6-$4.0M
Revenue $3.8M, down 16% YoY from $4.5M; product revenue $3.8M.
Peraso Q2 revenue $4.2M (+50.5% seq); GAAP net loss $4.4M
Q2 revenue $4.2M, up 50.5% sequentially and ~75% YoY; GAAP gross margin 55.5% (vs 46.4% prior qtr, 25.3% YoY).
Peraso preliminary Q2 revenue ~$4.2M, above guidance; mmWave DUNE platform order in hand
Preliminary Q2 2024 revenue ~$4.2M, exceeding guidance range of $3.7–$4.0M.
Peraso Q1 revenue $2.8M (+54% seq), GAAP net loss $2.0M; guides Q2 $3.7-4.0M
Q1 revenue $2.8M, up 54% sequentially from $1.8M; product revenue $2.7M.
Peraso receives additional $2.88M EOL purchase order for memory IC products
Non-cancelable order from a customer; total EOL purchase orders now approximately $16.9M, majority in backlog.
Peraso Q4 revenue $1.8M, GAAP net loss $8.9M; inventory write-down drives negative gross margin
Q4 revenue $1.8M (down 60% from Q3 2023); GAAP net loss $8.9M ($12.48 per share).
Peraso estimates Q4 2023 total revenue $1.6M-$1.9M; cash $1.6M
Total revenue for Q4 2023 estimated at $1.6M-$1.9M, with product revenue of $1.5M.
Peraso regains Nasdaq compliance with minimum bid price requirement
Nasdaq notified Peraso on Jan 18, 2024 that it now meets the $1.00 minimum bid price for 10 consecutive trading days.
Peraso announces 1-for-40 reverse stock split effective Jan 2; shares reduce from 30.7M to 767K
Reverse 1-for-40 split effective 4:01pm ET Jan 2; trading Jan 3 on Nasdaq under PRSO, new CUSIP 71360T200.
Peraso Q3 revenue $4.5M (+87% QoQ), net loss narrows; lays off 28% of workforce
Q3 revenue $4.5M (+87% sequential, +36% YoY); GAAP gross margin 45.4%, non-GAAP 58.0%.
On December 16, 2022, Daniel Lewis retired from his position as vice president and general manager of memory products of Peraso Inc. (the “Company”), effective immediately.
Mr. Lewis will no longer serve as the President of the Company but will now serve as Vice President, General Manager of Memory Products
the Board appointed Ronald Glibbery, as Chief Executive Officer of the Company, and Brad Lynch, as Chief Operating Officer of the Company.
Scott Lewis and Daniel J. O’Neil, resigned from the Board
Scott Lewis and Daniel J. O’Neil, resigned from the Board
the Board appointed Ronald Glibbery, as Chief Executive Officer of the Company, and Brad Lynch, as Chief Operating Officer of the Company.
Max materiality 0.85 · Median 0.65 · Most common event other_material