Peraso Third Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag

Peraso (NASDAQ:PRSO) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$3.84m (down 14% from 3Q 2023).
• Net loss: US$2.71m (loss widened by 335% from 3Q 2023).
• US$0.98 loss per share (further deteriorated from US$0.87 loss in 3Q 2023).

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

Peraso EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 5.4%. Earnings per share (EPS) exceeded analyst estimates by 1.0%.

Looking ahead, revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Semiconductor industry in the US.

Performance of the American Semiconductor industry.

The company's shares are down 34% from a week ago.

Risk Analysis

You still need to take note of risks, for example - Peraso has 5 warning signs (and 3 which are significant) we think you should know about.

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