Peraso Posts Q1 Net Loss of $2.5M on $1M Revenue, Despite Positive Adjusted Net Income
PRSO sits 80% above its 52-week low of $0.771 on elevated volume (4.6× avg).
Summary
Peraso Inc. reported its Q1 2026 financial results, posting a net loss of $2.5 million and revenue of just $1 million. The company also reported negative adjusted EBITDA of $2.3 million, although it highlighted a positive adjusted net income of $2.3 million. This earnings report follows the company's April 10th announcement where it lowered its Q1 revenue guidance by approximately 20%. The low revenue and continued GAAP net losses are material for a company of Peraso's size, indicating ongoing operational and profitability challenges. Traders will be focused on the company's ability to grow revenue and achieve sustainable GAAP profitability in upcoming quarters.
At the time of this announcement, PRSO was trading at $1.39 on NASDAQ in the Technology sector, with a market capitalization of approximately $17.4M. The 52-week trading range was $0.77 to $2.37. This news item was assessed with negative market sentiment and an importance score of 7 out of 10. Source: Reuters.