Peraso Inc.

Peraso Inc. filed a prospectus supplement on May 14, 2026, to increase the maximum number of shares issuable under its At-the-Market (ATM) offering agreement. The company can now issue up to an aggregate of $670,000 in common stock, in addition to the approximately $9,370,130 worth of shares already sold under the agreement. This capital raise is being conducted under a registration statement on Form S-3.

Peraso Inc. reported a net loss of $(2.5) million for the first quarter of 2026, a significant increase from $(0.5) million in the prior year. Total net revenue decreased substantially to $0.96 million from $3.87 million year-over-year. The company's management and independent auditors have expressed substantial doubt about its ability to continue as a going concern due to recurring losses and negative cash flows.

Peraso Inc. announced significantly lower financial results for Q1 2026, with total net revenue falling to $1.0 million, a 74.4% year-over-year decrease. The company reported a GAAP net loss of $2.5 million, or ($0.22) per share, compared to a $0.5 million loss in Q1 2025. Management attributed the revenue decline to a delayed customer order due to material shortages, which has since been shipped, and irregular order patterns. Despite challenges, Peraso noted growing interest in its mmWave technology, particularly in tactical communications, and delivered initial production shipments to a lead Israeli defense customer.

Peraso Inc. announced the delivery of an initial limited production shipment of its proprietary 60GHz modules to iNTACT, an Israeli defense contractor. These modules are optimized for military Identification Friend or Foe (IFF) applications, including infantry and drone deployment. The integrated solution features Peraso's optimized hardware and specialized software implementing the IFF protocol, crucial for battery-operated devices. While this demonstrates production capability, there is no assurance of additional orders.

Peraso Inc. announced the delivery of an initial limited production shipment of its proprietary 60GHz modules to iNTACT, an Israeli defense contractor. These modules are optimized for military Identification Friend or Foe (IFF) applications, including infantry and drone deployment, and integrate both hardware and specialized software with power reduction algorithms. While this delivery demonstrates Peraso's production capability, there is no assurance of additional orders from iNTACT.

Peraso Inc. has revised its preliminary revenue expectations for the first quarter ended March 31, 2026. The company now anticipates total revenues to be approximately $0.9 million to $1.0 million, a decrease from its previous guidance of approximately $1.2 million announced on March 16, 2026. These figures are preliminary and subject to change as the company finalizes its financial results.