Peraso Q2 Revenue Climbs 36% Sequentially to $1.3M, but Cash Dwindles to $3.3M Amid Going Concern
PRSO sits 31% above its 52-week low of $0.58.
Summary
Peraso reported Q2 2026 revenue of $1.3M, up 36% sequentially, with a GAAP net loss of $2.2M. Cash stands at $3.3M, highlighting the critical need for the pending $25M equity facility.
Key Events · Earnings and Guidance · PRSO
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Q2 Revenue Up 36% Sequentially
Total net revenue reached $1.3M, driven by fulfillment of a delayed order to a new fixed wireless access customer, but still down 41% year-over-year from $2.2M.
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Net Loss Narrows Slightly
GAAP net loss was $2.2M ($0.16/share) vs. $2.5M in Q1 2026; non-GAAP net loss was $2.1M ($0.15/share). Adjusted EBITDA was negative $2.0M.
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Cash Position Drops to $3.3M
Cash and equivalents fell to $3.3M as of June 30, 2026, from $2.9M at year-end 2025, reflecting ongoing cash burn. The company has a going concern warning and a Nasdaq delisting notice.
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Equity Line Vote Looms
Shareholders will vote on removing the 20% cap on the $25M committed equity facility, a critical lifeline given the cash position. The definitive proxy was filed on August 10, 2026.
Analysis · PRSO · Manufacturing
Peraso's Q2 results reveal a modest sequential revenue recovery to $1.3M, yet the company remains deeply unprofitable with a $2.2M GAAP net loss and only $3.3M in cash. Against a backdrop of a going concern warning, a Nasdaq delisting notice, and a pending shareholder vote to remove the cap on a $25M equity line, these results underscore the urgency of the capital raise. While the sequential improvement is a positive signal, the cash burn rate leaves little runway without near-term financing.
How filings like this one have moved
In the 30 days to Nov 1, 2026, 32.4% of the 1987 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was 0.00%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, PRSO was trading at $0.76 on NASDAQ in the Manufacturing sector, with a market capitalization of approximately $10.9M. The 52-week trading range was $0.58 to $2.37. This filing was assessed with negative market sentiment and an importance score of 7 out of 10.