Peraso Inc. Files Q3 2024 10-Q Report

TL;DR

Peraso Inc. filed its 10-Q for Q3 2024. Financials and operations details inside.

AI Summary

Peraso Inc. filed its quarterly report on Form 10-Q for the period ended September 30, 2024. The company, formerly known as MoSys, Inc. and MONOLITHIC SYSTEM TECHNOLOGY INC, is incorporated in Delaware and headquartered in San Jose, California. The filing covers its operations in the semiconductors and related devices industry.

Why It Matters

This filing provides investors and analysts with the latest financial performance and operational details of Peraso Inc., crucial for understanding the company's current standing and future prospects in the semiconductor market.

Risk Assessment

Risk Level: low — This is a standard quarterly filing providing financial and operational information, not indicating immediate or significant new risks.

Key Players & Entities

• Peraso Inc. (company) — Registrant
• MoSys, Inc. (company) — Former company name
• MONOLITHIC SYSTEM TECHNOLOGY INC (company) — Former company name
• September 30, 2024 (date) — Quarterly period end date
• 2309 Bering Drive, San Jose, California 95131 (location) — Principal business address

FAQ

Key Financial Figures

• $0.001 — ich registered Common Stock, par value $0.001 per share PRSO The Nasdaq Stock Market,

Filing Documents

• ea0220447-10q_peraso.htm (10-Q) — 1457KB
• ea022044701ex31-1_peraso.htm (EX-31.1) — 11KB
• ea022044701ex31-2_peraso.htm (EX-31.2) — 10KB
• ea022044701ex32-1_peraso.htm (EX-32.1) — 5KB
• 0001213900-24-097140.txt ( ) — 7165KB
• prso-20240930.xsd (EX-101.SCH) — 60KB
• prso-20240930_cal.xml (EX-101.CAL) — 35KB
• prso-20240930_def.xml (EX-101.DEF) — 289KB
• prso-20240930_lab.xml (EX-101.LAB) — 532KB
• prso-20240930_pre.xml (EX-101.PRE) — 300KB
• ea0220447-10q_peraso_htm.xml (XML) — 1127KB

—FINANCIAL

PART I—FINANCIAL INFORMATION Item 1. Financial Statements PERASO INC. CONDENSED CONSOLIDATED BALANCE SHEETS (In thousands, except par value) September 30, December 31, 2024 2023 (unaudited) ASSETS Current assets Cash and cash equivalents $ 1,317 $ 1,583 Accounts receivable, net 791 731 Inventories, net 2,503 2,606 Prepaid expenses and other 635 620 Total current assets 5,246 5,540 Property and equipment, net 643 1,156 Right-of-use lease assets 355 615 Intangible assets, net 830 3,280 Other 121 123 Total assets $ 7,195 $ 10,714 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities Accounts payable $ 1,705 $ 2,448 Accrued expenses and other 2,399 611 Deferred revenue 555 1,105 Short-term lease liabilities 214 370 Total current liabilities 4,873 4,534 Long-term lease liabilities 197 349 Warrant liabilities 99 1,748 Total liabilities 5,169 6,631 Commitments and contingencies (Note 5) Stockholders' equity Preferred stock, $ 0.01 par value; 20,000 shares authorized; none issued and outstanding — — Series A, special voting preferred stock, $ 0.01 par value; one share authorized; and one share issued and outstanding at September 30, 2024 and December 31, 2023 — — Common stock, $ 0.001 par value; 120,000 shares authorized; 2,856 shares and 673 shares issued and outstanding at September 30, 2024 and December 31, 2023, respectively 3 1 Exchangeable shares, no par value; unlimited shares authorized; 87 shares and 95 shares outstanding at September 30, 2024 and December 31, 2023, respectively — — Additional paid-in capital 177,583 170,474 Accumulated deficit ( 175,560 ) ( 166,392 ) Total stockholders' equity 2,026 4,083 Total liabilities and stockholders' equity $ 7,195 $ 10,714 The accompanying notes are an integral part of these condensed consolidated financial statements. 1 PERASO INC. CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND

View Full Filing

View this 10-Q filing on SEC EDGAR