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Peraso Announces Fourth Quarter and Full Year 2024 Results

1. PRSO's Q4 revenue doubled YoY, signaling robust growth. 2. Gross margin improved significantly, indicating operational efficiency.

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FAQ

Why Bullish?

Double revenue growth is a strong indicator of business health, similar to other tech companies experiencing revenue surges leading to stock price increases.

How important is it?

Strong financial results are critical for investor confidence and can lead to stock price appreciation.

Why Short Term?

Immediate growth trends often impact stock prices within months; sustained growth will take longer to affect overall market perception.

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Fourth Quarter Total Revenue Increased 100% Year-over-Year; GAAP Gross Margin Expanded to 56.3%, Non-GAAP to 71.6%   SAN JOSE, CALIFORNIA / ACCESS Newswire / March 19, 2025 / Peraso Inc. (NASDAQ:PRSO) ("Peraso" or the "Company"), a pioneer in mmWave wireless technology solutions, today announced financial results for the fourth quarter and full year ended December 31, 2024. Management Commentary "Fourth quarter revenue represented strong year-over-year growth, driven by ongoing end-of-life (EOL) shipments for our memory IC products," stated Ron Glibbery, CEO of Peraso.

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