$PRSO Peraso Announces Preliminary Second Quarter
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https://www.accesswire.com/889109/peraso-anno...e-guidance
Stronger Than Anticipated Revenue Included First Volume Production Order for mmWave DUNE Platform Solution
SAN JOSE, CA / ACCESSWIRE / July 16, 2024 / Peraso Inc. (NASDAQ
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"Our stronger than expected preliminary revenue results for the second quarter represent strong growth of over 50% sequentially and over 70% year-over-year," stated Ron Glibbery, CEO of Peraso. "The higher revenue for the quarter was primarily driven by increased shipments of our end-of life ("EOL"
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Glibbery concluded, "The further ramping of our mmWave shipments, as well as continued fulfillment of our sizable backlog orders of EOL memory products, gives us increased confidence in the Company's outlook for continued growth in the second half of 2024."
All results presented in this press release are preliminary and unaudited, and they are subject to adjustment during the Company's standard quarterly closing process. Peraso will report its complete financial results for the second quarter of 2024 in conjunction with the Company's quarterly earnings conference call, which is currently planned to be held in August.
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