Peraso Full Year 2023 Earnings: Revenues Beat Expectations, EPS Lags

Peraso (NASDAQ:PRSO) Full Year 2023 Results

Key Financial Results

• Revenue: US$13.7m (down 7.5% from FY 2022).
• Net loss: US$16.8m (loss narrowed by 48% from FY 2022).
• US$26.00 loss per share (improved from US$64.47 loss in FY 2022).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Peraso Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 1.1%. Earnings per share (EPS) missed analyst estimates significantly.

In the last 12 months, the only revenue segment was Semiconductors contributing US$13.7m. Notably, cost of sales worth US$11.9m amounted to 86% of total revenue thereby underscoring the impact on earnings. The largest operating expense was Research & Development (R&D) costs, amounting to US$14.4m (63% of total expenses). Over the last 12 months, the company's earnings were enhanced by non-operating gains of US$4.24m. Explore how PRSO's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 16% p.a. on average during the next 2 years, compared to a 16% growth forecast for the Semiconductor industry in the US.

Performance of the American Semiconductor industry.

The company's shares are down 11% from a week ago.

Risk Analysis

It is worth noting though that we have found 4 warning signs for Peraso (2 are significant!) that you need to take into consideration.

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