Peraso Inc. announced its financial results for the third quarter ended September 30, 2024, on November 12, 2024. The company reported total revenue of $3.84 million, which represents a 14% decrease compared to the third quarter of 2023.
Despite the revenue dip, Peraso highlighted meaningful improvement in its operating performance during the quarter. Management indicated that overall results were within their range of expectations, reflecting ongoing strategic adjustments.
The company's focus remains on its transition to mmWave solutions, with management anticipating significant growth from recent design wins and customer engagements. This report provides an update on the financial trajectory during this pivotal period.
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