Peraso Second Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags

Peraso (NASDAQ:PRSO) Second Quarter 2024 Results

Key Financial Results

• Revenue: US$4.24m (up 76% from 2Q 2023).
• Net loss: US$4.43m (loss widened by 8.3% from 2Q 2023).
• US$1.88 loss per share.

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 4.0%. Earnings per share (EPS) missed analyst estimates by 57%.

Looking ahead, revenue is forecast to grow 28% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Semiconductor industry in the US.

Performance of the American Semiconductor industry.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

Be aware that Peraso is showing 5 warning signs in our investment analysis and 3 of those are a bit concerning...

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