Company Performance - Peraso reported a quarterly loss of $0.88 per share, significantly worse than the Zacks Consensus Estimate of a loss of $0.29, representing an earnings surprise of -203.45% [1] - The company posted revenues of $4.24 million for the quarter ended June 2024, exceeding the Zacks Consensus Estimate by 0.91%, and showing a year-over-year increase from $2.4 million [2] - Over the last four quarters, Peraso has surpassed consensus EPS estimates two times and topped consensus revenue estimates four times [2] Stock Movement and Outlook - Peraso shares have declined approximately 89% since the beginning of the year, contrasting with the S&P 500's gain of 12% [3] - The company's earnings outlook is crucial for investors, with current consensus EPS estimates at -$0.09 on $5 million in revenues for the upcoming quarter and -$1.16 on $18.02 million in revenues for the current fiscal year [7] Industry Context - The Technology Services industry, to which Peraso belongs, is currently ranked in the top 38% of over 250 Zacks industries, indicating a favorable environment for stock performance [8] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5]

Group 1: Momentum Investing Overview - Momentum investing contrasts with the traditional "buy low and sell high" strategy, focusing instead on "buying high and selling higher" to capitalize on fast-moving stocks [1] - Identifying the right entry point for trending stocks can be challenging, as they may lose momentum if future growth does not justify their high valuations [1] Group 2: Investment Strategy - A safer investment approach involves targeting bargain stocks that exhibit recent price momentum, utilizing tools like the Zacks Momentum Style Score to identify such opportunities [2] - The 'Fast-Paced Momentum at a Bargain' screen is effective in spotting fast-moving stocks that remain attractively priced [2] Group 3: Peraso (PRSO) Stock Analysis - Peraso (PRSO) has shown a four-week price change of 9.3%, indicating growing investor interest and positioning it well within the momentum investing framework [3] - Over the past 12 weeks, PRSO has gained 9.3%, demonstrating its ability to deliver positive returns over a longer timeframe [4] - PRSO has a beta of 1.82, suggesting it moves 82% more than the market in either direction, indicating fast-paced momentum [4] Group 4: Valuation and Earnings Estimates - PRSO has a Momentum Score of B, suggesting it is an opportune time to invest in the stock to leverage its momentum [5] - The stock has a Zacks Rank 2 (Buy) due to an upward trend in earnings estimate revisions, which typically attracts more investor interest [6] - PRSO is trading at a Price-to-Sales ratio of 0.36, indicating it is relatively cheap, as investors pay only 36 cents for each dollar of sales [6] Group 5: Additional Investment Opportunities - Besides PRSO, there are other stocks that meet the criteria of the 'Fast-Paced Momentum at a Bargain' screen, presenting further investment opportunities [7]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q (Mark one) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 000-32929 PERASO INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of (I.R.S. Employer Incorpor ...

Peraso Inc. (NASDAQ:PRSO) Q1 2024 Earnings Call Transcript May 13, 2024 5:00 PM ET Company Participants Jim Sullivan - CFO Ron Glibbery - CEO Conference Call Participants David Williams - Benchmark Kevin Liu - K. Liu & Company Jon Hickman - Ladenburg Operator Good afternoon and welcome to Peraso Inc.'s first quarter 2024 conference call. At this time, all participants are in a listen-only mode. [Operator Instructions] As a reminder, this conference call is being recorded today, Monday, May 13th, 2024. I wou ...

Peraso (PRSO) came out with a quarterly loss of $0.83 per share versus the Zacks Consensus Estimate of a loss of $1.26. This compares to loss of $3.60 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 34.13%. A quarter ago, it was expected that this semiconductor technology company would post a loss of $3.41 per share when it actually produced a loss of $8.52, delivering a surprise of -149.85%. Over the last four quarters, the ...

EX-99.1 2 prso_ex991.htm PRESS RELEASE BY PERASO INC EXHIBIT 99.1 Peraso Announces First Quarter 2024 Results Total Revenue Increased 54% Sequentially; GAAP Gross Margin Expanded to 46.4%, Non-GAAP to 66.4% SAN JOSE, Calif., May 13, 2024 – Peraso Inc. (NASDAQ:PRSO) ("Peraso" or the "Company"), a global leader in mmWave technology for 60 GHz unlicensed and 5G licensed networks, today announced financial results for the first quarter ended March 31, 2024. Management Commentary "First quarter revenue increased ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Fiscal Year December 31, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number: 000-32929 PERASO INC. (Exact name of registrant as specified in its charter) Delaware 77-0291941 (State or other jurisdiction of incorporation or organization) (IRS Employer Identificatio ...

Peraso Inc. (NASDAQ:PRSO) Q4 2023 Earnings Conference Call March 18, 2024 5:00 PM ET Company Participants James Sullivan - CFO Ronald Glibbery - CEO Conference Call Participants David Williams - Benchmark Kevin Liu - K. Liu & Company Operator Good afternoon, and welcome to Peraso, Inc.'s Fourth Quarter 2023 Conference Call. At this time, all participants are in a listen-only mode. [Operator Instructions] As a reminder, this conference call is being recorded today, Monday, March 18, 2024. I would now like to ...

Revenue Performance - Total net revenue for Q4 2023 was $1.8 million, a decrease of 60% from $4.5 million in the prior quarter and 54% from $3.9 million year-over-year[4]. - Product revenue for Q4 2023 was $1.5 million, down 65% from $4.3 million in the prior quarter and 61% from $3.8 million in the same quarter last year[4]. - Total net revenue for the full year 2023 was $13.7 million, down from $14.9 million in 2022, with product revenue decreasing to $12.9 million from $14.2 million[11]. - The company expects total net revenue for Q1 2024 to be in the range of $2.6 million to $2.9 million[15]. - Total net revenue for Q4 2023 was $1,832 million, a decrease of 53.0% compared to $3,887 million in Q4 2022[24]. Profitability and Loss - GAAP gross margin for Q4 2023 was negative 147.3%, compared to 45.4% in the prior quarter and 44.2% in the same quarter last year, primarily due to a $3.0 million inventory write-down[5]. - Non-GAAP net loss for Q4 2023 was $6.1 million, or ($8.52) per share, compared to a net loss of $1.1 million, or ($1.56) per share, in the prior quarter[8]. - GAAP gross margin for 2023 was 13.6%, a significant decline from 40.1% in 2022, attributed to the inventory write-down in Q4 2023[12]. - The net loss for Q4 2023 was $8,938 million, compared to a net loss of $14,593 million in Q4 2022, representing a 38.1% improvement[24]. - Non-GAAP net loss for Q4 2023 was $6,098 million, compared to a non-GAAP net loss of $2,775 million in Q4 2022[28]. Expenses - Total operating expenses on a GAAP basis for 2023 were $22.5 million, down from $38.3 million in 2022[13]. - Research and development expenses for Q4 2023 were $3,359 million, down from $4,130 million in Q4 2022, a decrease of 18.7%[24]. - Total operating expenses for Q4 2023 were $5,533 million, down from $16,248 million in Q4 2022, a decrease of 66.0%[24]. Cash and Assets - Cash, cash equivalents, and investments decreased to $1,583 million in Q4 2023 from $2,906 million in Q4 2022, a decline of 45.5%[26]. - Total assets decreased to $10,714 million in Q4 2023 from $22,486 million in Q4 2022, a reduction of 52.4%[26]. - Total liabilities decreased to $6,631 million in Q4 2023 from $7,229 million in Q4 2022, a decrease of 8.3%[26]. Order Backlog and Financing - The company has a remaining total order backlog of over $12 million for memory IC products, indicating potential revenue growth[2]. - The company completed a public offering resulting in net proceeds of approximately $3.4 million to strengthen its cash position[10].

Peraso Inc. (NASDAQ:PRSO) Q3 2023 Earnings Call Transcript November 13, 2023 5:00 PM ET Company Participants Jim Sullivan - CFO Ron Glibbery - CEO Conference Call Participants Kevin Liu - K. Liu & Company David Williams - Benchmark Operator Good afternoon and welcome to Peraso Inc.'s Third Quarter 2023 Conference Call. At this time, all participants are in a listen-only mode. [Operator Instructions] As a reminder, this conference call is being recorded today, Monday, November 13, 2023. I would now like to t ...