Peraso Inc. Files 8-K on Financials
Ticker: PRSO · Form: 8-K · Filed: May 13, 2024 · CIK: 890394
| Field | Detail |
|---|---|
| Company | Peraso Inc. (PRSO) |
| Form Type | 8-K |
| Filed Date | May 13, 2024 |
| Risk Level | low |
| Pages | 4 |
| Reading Time | 5 min |
| Key Dollar Amounts | $0.001 |
| Sentiment | neutral |
Sentiment: neutral
Topics: financial-reporting, sec-filing
TL;DR
Peraso filed an 8-K, expect financial updates soon.
AI Summary
Peraso Inc. filed an 8-K on May 13, 2024, reporting on its results of operations and financial condition, as well as 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 8-K filing signals that Peraso Inc. is providing updated financial information and operational details to the SEC, which is important for investors to assess the company's performance.
Risk Assessment
Risk Level: low — This filing is a routine disclosure of financial information and does not inherently present new risks.
Key Players & Entities
- Peraso Inc. (company) — Registrant
- MoSys, Inc. (company) — Former company name
- MONOLITHIC SYSTEM TECHNOLOGY INC (company) — Former company name
- May 13, 2024 (date) — Date of report
FAQ
What specific financial results are being reported in this 8-K?
The provided text indicates the filing is for 'Results of Operations and Financial Condition' and 'Financial Statements and Exhibits', but does not detail the specific financial figures within this excerpt.
What is the primary purpose of this 8-K filing for Peraso Inc.?
The primary purpose is to report on Peraso Inc.'s results of operations and financial condition, and to file financial statements and exhibits with the SEC.
When was this 8-K filing submitted?
The filing was submitted on May 13, 2024.
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.
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.
Filing Stats: 1,177 words · 5 min read · ~4 pages · Grade level 13.6 · Accepted 2024-05-13 16:10:38
Key Financial Figures
- $0.001 — ich registered Common Stock, par value $0.001 per share PRSO The Nasdaq Stock Mar
Filing Documents
- prso_8k.htm (8-K) — 32KB
- prso_ex991.htm (EX-99.1) — 176KB
- prso_ex991img5.jpg (GRAPHIC) — 5KB
- 0001654954-24-006074.txt ( ) — 348KB
- ea0203295-20240513.xsd (EX-101.SCH) — 6KB
- ea0203295-20240513_lab.xml (EX-101.LAB) — 14KB
- ea0203295-20240513_cal.xml (EX-101.CAL) — 1KB
- ea0203295-20240513_pre.xml (EX-101.PRE) — 9KB
- ea0203295-20240513_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 May 13, 2024, Peraso Inc. (the "Company") issued a press release announcing its financial results for the three months ended March 31, 2024. 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, 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 acquisition of Peraso Technologies Inc. in Dece
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 May 13, 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: May 13, 2024 By: /s/ James Sullivan James Sullivan Chief Financial Officer 4