Peraso Inc. Files 8-K on Financials
Ticker: PRSO · Form: 8-K · Filed: Mar 18, 2024 · CIK: 890394
| Field | Detail |
|---|---|
| Company | Peraso Inc. (PRSO) |
| Form Type | 8-K |
| Filed Date | Mar 18, 2024 |
| Risk Level | low |
| Pages | 4 |
| Reading Time | 5 min |
| Key Dollar Amounts | $0.001, $9.6 million |
| Sentiment | neutral |
Sentiment: neutral
Topics: financial-reporting, 8-k
TL;DR
Peraso Inc. filed an 8-K, expect financial updates soon.
AI Summary
Peraso Inc. filed an 8-K on March 18, 2024, to report on its results of operations and financial condition, as well as to file financial statements and exhibits. The filing does not contain specific financial figures or operational details within the provided text, but indicates a formal reporting event.
Why It Matters
This filing serves as an official update from Peraso Inc. to the SEC regarding its financial status and operational results, providing transparency to investors.
Risk Assessment
Risk Level: low — This is a routine filing reporting financial information and does not indicate any immediate adverse events.
Key Players & Entities
- Peraso Inc. (company) — Registrant
- MoSys, Inc. (company) — Former Company Name
- MONOLITHIC SYSTEM TECHNOLOGY INC (company) — Former Company Name
- March 18, 2024 (date) — Date of Report
FAQ
What specific financial results are being reported by Peraso Inc. in this 8-K?
The provided text of the 8-K filing does not contain specific financial results or figures; it only indicates that the filing pertains to 'Results of Operations and Financial Condition' and 'Financial Statements and Exhibits'.
When was this 8-K report filed by Peraso Inc.?
The 8-K report was filed on March 18, 2024.
What is Peraso Inc.'s principal executive office address?
Peraso Inc.'s principal executive offices are located at 2309 Bering Dr., San Jose, California 95131.
Has Peraso Inc. undergone any previous name changes?
Yes, Peraso Inc. was formerly known as MoSys, Inc. (name change effective May 30, 2006) and prior to that, MONOLITHIC SYSTEM TECHNOLOGY INC (name change effective June 13, 1996).
What is Peraso Inc.'s IRS Employer Identification Number?
Peraso Inc.'s IRS Employer Identification Number is 77-0291941.
Filing Stats: 1,264 words · 5 min read · ~4 pages · Grade level 13.7 · Accepted 2024-03-18 16:07:33
Key Financial Figures
- $0.001 — ich registered Common Stock, par value $0.001 per share PRSO The Nasdaq Stock Mar
- $9.6 million — cash impairment charge of approximately $9.6 million during the three months ended December
Filing Documents
- prso_8k.htm (8-K) — 31KB
- prso_ex991.htm (EX-99.1) — 275KB
- prso_ex991img5.jpg (GRAPHIC) — 5KB
- 0001654954-24-003308.txt ( ) — 451KB
- prso-20240318.xsd (EX-101.SCH) — 6KB
- prso-20240318_lab.xml (EX-101.LAB) — 14KB
- prso-20240318_cal.xml (EX-101.CAL) — 1KB
- prso-20240318_pre.xml (EX-101.PRE) — 9KB
- prso-20240318_def.xml (EX-101.DEF) — 2KB
- prso_8k_htm.xml (XML) — 4KB
02 Results of Operations and Financial Condition
Item 2.02 Results of Operations and Financial Condition. On March 18, 2024, Peraso Inc. (the "Company") issued a press release announcing its financial results for the three and twelve months ended December 31, 2023. A copy of this press release is furnished as Exhibit 99.1 to this report. The press release should be read in conjunction with the cautionary language regarding forward-looking statements, which are included in the text of the release. In addition to disclosing financial results calculated in accordance with U.S. generally accepted accounting principles ("GAAP"), management also presents information regarding the Company's performance over comparable periods based on cost of goods sold, operating expenses (research and development and sales, general and administrative), operating income (loss), net income (loss) and net income (loss) per share, exclusive of stock-based compensation, amortization of intangible assets, impairment of goodwill and change in fair value of warrant liabilities. Because management discloses financial measures calculated without taking into account these items, these financial measures are characterized as "non-GAAP financial measures" under Securities and Exchange Commission rules. Stock-based compensation charges represent non-cash charges related to equity awards granted by the Company. Although these are recurring charges to the Company's operations, management believes the measurement of these amounts can vary considerably from period to period and depend substantially on factors that are not a direct consequence of operating performance that is within management's control. Thus, management believes that excluding these charges facilitates comparisons of the Company's operational performance in different periods, as well as with similarly determined non-GAAP financial measures of comparable companies. The Company's non-GAAP financial measures also exclude amortization of intangibles recorded from the Company's acquisit
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 99.1 Press Release by Peraso Inc. dated March 18, 2024 104 The cover page of this Current Report on Form 8-K, formatted in Inline XBRL 3 SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. PERASO INC. Date: March 18, 2024 By: /s/ James Sullivan James Sullivan Chief Financial Officer 4