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Peraso Announces Fourth Quarter and Full Year 2024 Results

1. PRSO reported 100% revenue growth and improved gross margins in Q4. 2. Strong demand for memory IC products contributed to significant revenue increase.

Earnings
-2.75%Current Return
VS
-0.29%S&P 500
$0.82903/19 04:14 PM EDTEvent Start
$0.806203/20 10:57 PM EDTLatest Updated
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FAQ

Why Very Bullish?

The 100% revenue growth indicates robust demand and potential for sustained profitability, similar to past spikes in revenue during emerging tech phases.

How important is it?

The strong financial results directly enhance investor confidence and valuation potential for PRSO.

Why Short Term?

Immediate revenue growth impacts investor sentiment, while ongoing performance needs to be monitored for long-term trends.

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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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