Tue, May 13, 10:15 AM (62 days ago)
Peraso Inc. (PRSO) reported a net loss of $0.5 million for Q1 2025, with total revenue of $3.9 million, up 42% from Q1 2024. Gross profit increased by 105% to $2.7 million, driven by higher sales of mmWave ICs and modules, partially offset by decreased memory IC product shipments. Operating expenses decreased by 44% for R&D and 23% for SG&A, reflecting cost reduction initiatives. Cash flow from operations was negative $1.0 million, with cash and cash equivalents at $2.8 million. The company faces liquidity challenges and is seeking additional financing to meet cash requirements. It has implemented cost reduction strategies and is exploring strategic alternatives. The company's stock is at risk of delisting from Nasdaq due to not meeting the minimum bid price requirement. The company's future success depends on raising additional capital and achieving sustainable revenues.