Peraso Inc. PRSO
the development and sale of: i) millimeter wavelength wireless technology, or mmWave, semiconductor devices and antenna modules based
on our proprietary semiconductor devices and ii) performance of non-recurring engineering, or NRE, services and licensing of intellectual
property, or IP. Our primary focus is the development of mmWave technology for wireless communications. mmWave is generally described
as the frequency band from 24 Gigahertz, or GHz, to 300 GHz. Our mmWave products, which primarily operate in the spectrum from 24 GHz
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $12.2M | $14.6M | $13.7M | $14.9M | $5.7M | $9.1M | $10.1M | $16.6M | $8.8M | $6.0M |
| Cost of revenue | $5.1M | $7.0M | $11.9M | $8.9M | $3.3M | $1.7M | $3.9M | $6.3M | $4.7M | $3.1M |
| Gross profit | $7.1M | $7.5M | $1.9M | $6.0M | $2.4M | $7.3M | $6.2M | $10.3M | $4.1M | $2.9M |
| R&D | $6.2M | $9.2M | $14.4M | $19.8M | $11.5M | $8.3M | $4.2M | $4.1M | $8.2M | $18.1M |
| SG&A | $5.8M | $8.7M | $8.5M | $11.1M | $7.0M | $7.2M | $4.0M | $4.1M | $4.7M | $5.7M |
| Total operating expenses | $11.8M | $20.0M | $22.5M | $38.3M | $18.5M | $15.5M | $8.6M | $21.1M | $14.2M | $34.3M |
| Operating income | -$4.8M | -$12.4M | -$20.6M | -$32.3M | -$16.1M | -$8.1M | -$2.5M | -$10.8M | -$10.0M | -$31.4M |
| Interest expense | $1.0K | $10.0K | $21.0K | $16.0K | $3.0M | $2.1M | $220.0K | $582.0K | $927.0K | $687.0K |
| Pre-tax income | — | — | — | — | — | — | -$2.6M | -$11.4M | -$10.9M | -$32.0M |
| Income tax | — | — | — | — | — | — | $0 | $13.0K | $233.0K | $45.0K |
| Net income | -$4.8M | -$10.7M | -$16.8M | -$32.4M | -$10.9M | -$10.2M | -$2.6M | -$11.4M | -$10.7M | -$32.0M |
| EPS, basic | -0.67 | -3.57 | -26.00 | -64.41 | -1.86 | — | — | — | — | — |
| EPS, diluted | -0.67 | -3.57 | -26.00 | -64.41 | -1.86 | -3.60 | -1.19 | -14.82 | -29.07 | -4.86 |
| Shares, diluted (wtd. avg.) | $7.1M | $3.0M | $646.0K | $503.0K | $5.9M | — | — | — | — | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $2.9M | $3.3M | $1.6M | $1.8M | $5.9M | $1.7M | $6.1M | $7.1M | $3.9M | $8.8M |
| Short-term investments | — | — | — | $1.1M | $9.3M | — | $300.0K | — | — | $1.0M |
| Receivables | $1.2M | $682.0K | $731.0K | $3.2M | $2.4M | $922.0K | $1.2M | $1.6M | $1.7M | $559.0K |
| Inventory | $1.2M | $2.1M | $2.6M | $5.3M | $3.8M | $1.3M | $968.0K | $1.1M | $1.8M | $1.5M |
| Total current assets | $5.5M | $6.3M | $5.5M | $12.7M | $23.7M | $6.6M | $9.0M | $10.8M | $8.7M | $12.3M |
| Property, plant and equipment | $363.0K | $512.0K | $1.2M | $2.2M | $2.3M | $2.6M | $197.0K | $279.0K | $827.0K | $1.3M |
| Goodwill | — | — | — | $0 | $9.9M | — | $0 | $420.0K | $13.3M | $13.3M |
| Other intangibles | $6.0K | $13.0K | $3.3M | $6.3M | $8.4M | — | — | — | $111.0K | $223.0K |
| Total assets | $6.1M | $7.2M | $10.7M | $22.5M | $48.0M | $10.0M | $9.4M | $11.8M | $23.1M | $27.1M |
| Accounts payable | $679.0K | $1.0M | $2.4M | $1.8M | $1.9M | $1.1M | $218.0K | $236.0K | $170.0K | $561.0K |
| Short-term debt | — | — | — | — | — | $581.0K | — | — | — | — |
| Total current liabilities | $1.3M | $3.5M | $4.5M | $4.7M | $5.6M | $2.3M | $1.7M | $1.9M | $6.6M | $3.3M |
| Long-term debt | — | — | — | — | — | — | — | — | $9.2M | — |
| Total liabilities | $1.4M | $3.7M | $6.6M | $7.2M | $5.9M | $13.9M | $4.6M | $4.6M | $15.8M | $11.8M |
| Retained earnings | -$181.9M | -$177.1M | -$166.4M | -$149.6M | -$117.2M | -$106.3M | -$238.4M | -$235.9M | -$224.7M | -$214.0M |
| Total equity | $4.6M | $3.5M | $4.1M | $15.3M | $42.1M | -$3.9M | -$113.5M | $7.2M | $7.3M | $15.3M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$5.6M | -$4.6M | -$4.7M | -$16.0M | -$12.0M | -$10.2M | -$651.0K | $335.0K | -$7.6M | -$17.9M |
| Depreciation and amortisation | — | — | — | $611.0K | $917.0K | $1.4M | $185.0K | $598.0K | $747.0K | $998.0K |
| Stock-based compensation | $521.0K | $3.6M | $5.2M | $5.7M | $4.5M | $1.7M | $263.0K | $674.0K | $719.0K | $2.2M |
| Capital expenditure | $107.0K | — | $94.0K | $988.0K | $71.0K | $38.0K | $103.0K | $50.0K | $300.0K | $646.0K |
| Investing cash flow | -$107.0K | — | $1.0M | $10.0M | $6.6M | -$38.0K | -$396.0K | -$50.0K | $714.0K | $13.0M |
| Financing cash flow | $5.3M | $6.3M | $3.4M | $1.9M | $9.6M | $10.1M | -$4.0K | $3.0M | $2.0M | $8.1M |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001213900-26-086972.
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