Peraso(US:PRSO)2025-11-10 21:37Financial Performance - Peraso Inc. reported financial results for the three and nine months ended September 30, 2025, with a focus on operational performance metrics[4]. - There were no amortization charges recorded for the three and nine months ended September 30, 2025, as intangibles were fully amortized by December 31, 2024[8]. - The company recorded severance charges during the six months ended June 30, 2024, which were fully paid by the quarter ended September 30, 2025[9]. - Adjusted EBITDA is calculated by excluding stock-based compensation, amortization of intangible assets, severance costs, and changes in fair value of warrant liabilities[11]. - The company emphasizes the use of non-GAAP financial measures to provide a clearer view of operational performance compared to GAAP measures[13]. - Management believes that excluding certain charges facilitates better comparisons of operational performance across periods[7]. Operational Changes - The company implemented employee layoffs in November 2023, impacting 16 employees, to reduce operating expenses and cash burn[9]. - Peraso Inc. aims to prioritize business activities with higher returns on investment following the recent restructuring[9]. - The company continues to analyze historical consolidated results to assess business performance and compare it to performance objectives[12]. Forward-Looking Information - The press release detailing these results is available as Exhibit 99.1, which should be read in conjunction with cautionary statements regarding forward-looking information[4].