PRSO Earnings Prediction
The chart below shows how PRSO performed 10 days before and after its earnings report, based on data from the past quarters. Typically, PRSO sees a -6.07% change in stock price 10 days leading up to the earnings, and a -0.41% change 10 days following the report. On the earnings day itself, the stock moves by +6.73%. This data can give you a slight idea of what to expect for the next quarter's release.
PRSO Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
3.84M
-14.28%
-9.37%
Gross Margin
47.05%
3.54%
-15.18%
Operating Margin
-70.29%
-11.53%
22.39%
Net Margin
-70.61%
407.99%
-32.37%
EPS
-0.98
-12.64%
-47.87%
No Data Available
PRSO Earnings Analysis
Peraso, Inc. Common Stock Corporation (PRSO.O) Earnings Conference Call
Positive
Cost Management Efficiency: 1. Cost Reduction Success: Operating expenses decreased by almost 20% year-over-year, reflecting the effectiveness of cost management initiatives.
Memory IC Shipment Increase: 2. Increased Shipments: Third quarter shipments of end-of-life memory IC products rose to approximately $3.7 million, up from $3.4 million in the previous quarter.
Customer Engagement Insights: 3. Growing Customer Engagements: The company reported 82 customer engagements, with 23 active engagements in advanced design stages, indicating strong market interest.
Purchase Order Backlog: 4. Significant Backlog: Peraso ended the quarter with a purchase order backlog of approximately $5.7 million, expected to be fulfilled by the end of Q1 2025.
Emerging Market Demand: 5. New Purchase Orders: A follow-on purchase order of $1.4 million was secured from a South African WISP for the DUNE solution, highlighting demand in emerging markets.
Negative
Revenue Decline Analysis: 1. Declining Revenue: Total net revenue for Q3 2024 was $3.8 million, down from $4.2 million in the prior quarter and $4.5 million in Q3 2023.
Gross Margin Decline: 2. Decreased Gross Margin: GAAP gross margin fell to 47% in Q3 2024 from 55.5% in the prior quarter and 45.4% in the same quarter a year ago, primarily due to a $0.3 million inventory write-down.
Quarterly Net Loss Analysis: 3. Net Loss: The GAAP net loss for Q3 2024 was $2.7 million, or $0.98 per share, compared to a net loss of $4.4 million, or $1.88 per share in the prior quarter, and a loss of $0.6 million, or $0.87 per share in the same quarter last year.
Cash Burn Analysis: 4. Cash Burn: As of September 30, 2024, the company had only $1.3 million in cash and equivalents, representing a cash burn of approximately $0.6 million from the prior quarter.
Declining Royalty Revenue: 5. Lower Royalty Revenue: Royalty and other revenue for Q3 2024 was $30,000, a significant decrease from $100,000 in the prior quarter and $200,000 in the same quarter a year ago.
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PRSO Earning Call Sentiment
Peraso Inc. (PRSO) Q3 2024 Earnings Call Transcript
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00:00
00:00
PRSO.O
-8.47%Positive
The earnings call shows mixed signals. While there are cost reductions and cash inflow from warrant exercises, the company faces declining revenues, cash flow risks, and inventory challenges. The Q&A reveals management's optimism for future growth, but also highlights uncertainties, especially regarding a sensitive military contract. The financial performance is weak with a significant net loss and reduced revenue. Given these factors, along with macroeconomic and competitive pressures, the stock is likely to experience a negative movement in the short term.
