UNLEASH THE POWER OF mmWAVE SECOND QUARTER 2023 EARNINGS CONFERENCE CALL This presentation is for information purposes only. Certain information contained herein has been derived from sources prepared by third parties. While such information is believed to be reliable for the purposes used herein, we makes no representation or warrant with respect to the accuracy of such information. Trademarks and trade names referred to in this presentation are the property of their respective owners. We do not intend our ...

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 June 30, 2023 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 Incorpora ...

As filed with the Securities and Exchange Commission on June 16, 2023 Registration No. 333- UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 PERASO INC. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) (Primary Standard Industrial Classification Code Number) Delaware 3674 77-0291941 (I.R.S. Employer Identification Number) 2309 Bering Dr. San Jose, Calif ...

Peraso Inc. (NASDAQ:PRSO) Q1 2023 Earnings Conference Call May 16, 2023 8:30 AM ET Company Participants Jim Sullivan - Chief Financial Officer Ron Glibbery - Chief Executive Officer Conference Call Participants David Williams - Benchmark Company Kevin Liu - K. Liu & Company Timothy Savageaux - Northland Capital Markets Operator Good morning and welcome to Peraso Inc.'s First Quarter 2023 Conference Call. [Operator Instructions] As a reminder, this conference call is being recorded today, Tuesday, May 16, 20 ...

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, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 (408) 418-7500 (Registrant's telephone number, including area code) Securities registered pursuant to Section 12(b) of the Act: Commission file number 000-32929 PERASO INC. (Exact name of reg ...

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, 2022 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) (State or other jurisdiction of incorporation or organization) 2309 Bering Drive San Jose, California 95131 (A ...

Peraso Inc. (NASDAQ:PRSO) Q4 2022 Earnings Conference Call March 22, 2023 5:00 PM ET Company Participants Jim Sullivan - Chief Financial Officer Ron Glibbery - Chief Executive Officer Conference Call Participants David Williams - Benchmark Company Kevin Liu - K. Liu & Company Operator Good afternoon and welcome to Peraso, Inc.’s Fourth Quarter and Full Year Financial Results Conference Call. [Operator Instructions] As a reminder, this conference is being recorded today, Wednesday, March 22, 2023. I would no ...

Peraso Inc. (NASDAQ:PRSO) Q3 2022 Earnings Conference Call November 14, 2022 5:00 PM ET Company Participants Jim Sullivan - Chief Financial Officer Ron Glibbery - Chief Executive Officer Conference Call Participants David Williams - Benchmark Operator Good afternoon and welcome to Peraso Inc.'s Third Quarter 2022 Conference Call. At this time, all participants have been placed on a listen-only mode and we will open the floor for your questions-and-comments after the presentation. As a reminder, this confere ...

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 September 30, 2022 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) Indicate by check mark whether the registrant is a la ...

Financial Data and Key Metrics Changes - Total revenue for Q2 2022 was $4.3 million, up from $3.4 million in Q1 2022 and $0.7 million in Q2 2021, representing a 25% sequential increase and nearly 30% year-over-year growth [10][26] - Product revenue was $4.1 million, compared to $3.2 million in the previous quarter and $0.6 million in the same quarter last year [26] - GAAP gross margin was 34.7% in Q2 2022, down from 42.8% in Q1 2022 and 37.6% in Q2 2021; non-GAAP gross margin was 43%, compared to 53.3% in Q1 2022 [27][28] - GAAP net loss for Q2 2022 was $7 million, or a loss of $0.33 per share, compared to a net loss of $6.8 million in Q1 2022 [33] Business Line Data and Key Metrics Changes - The growth in revenue was primarily driven by the ramp-up of mmWave ICs and modules for the fixed wireless access market [10][26] - Product gross margin was 32.1% in Q2 2022, down from 39.2% in Q1 2022, reflecting increased volume shipments of mmWave modules [28] Market Data and Key Metrics Changes - The fixed wireless access market is expected to see over 100 million connections in 2022, doubling by 2027, with Verizon and T-Mobile reporting over 550,000 new fixed wireless customers in Q2 2022 [19][20] - The Rural Digital Opportunity Fund is set to provide $20 billion to incentivize broadband deployment in rural areas across the U.S. [20] Company Strategy and Development Direction - The company entered into a technology license and patent assignment agreement with Intel, expected to generate up to $3.5 million in gross proceeds, which will reduce operating expenses going forward [11][12][38] - The company aims to target the end device market with its new 5G mmWave product, expanding its total addressable market by an estimated $1.5 billion by 2025 [17] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the fixed wireless market's growth, indicating that the company is well-positioned for continued momentum into Q3 and Q4 2022 [44][59] - The company anticipates total net revenue for Q3 2022 to be in the range of $4.3 million to $4.5 million, supported by a significant backlog extending into 2023 [39] Other Important Information - The company is navigating inflationary costs in the supply chain, experiencing increased prices from suppliers, but has managed to keep delivery timelines relatively stable [30][56] - The company has a cash and investments balance of $6 million as of June 30, 2022, down from $12.2 million at the end of Q1 2022 [36] Q&A Session Summary Question: What are the trends in fixed wireless access deployment? - Management noted significant momentum in fixed wireless access, with major carriers gaining subscribers and the company seeing strong bookings [44] Question: What benefits does the Intel agreement provide? - The agreement is a nondilutive source of capital, expected to reduce operating expenses by $2.7 million annually, while also potentially opening new opportunities for memory products [48][51] Question: How is the company managing its balance sheet and working capital? - The company is focused on maintaining adequate inventory and leveraging nondilutive transactions to strengthen its balance sheet, with a positive outlook on backlog and customer relationships [56][59]