Business Context and Reporting Period
Peraso Inc. (PRSO) filed a Form 8-K on May 11, 2026, to announce financial results for the three months ended March 31, 2026. The company is incorporated in Delaware and trades on The Nasdaq Stock Market LLC.
Key Financial Metrics
The filing text does not provide specific numerical values for revenue, profit, cash flow, margins, debt, or liquidity. The report serves as a notification that these results are detailed in a press release furnished as Exhibit 99.1.
The company reports both GAAP and non-GAAP financial measures. Non-GAAP adjustments exclude:
- Stock-based compensation charges.
- Changes in the fair value of warrant liabilities (from registered direct offerings in 2022 and 2023).
- Interest expense, depreciation, and income taxes (for Adjusted EBITDA).
Material Changes
The filing text does not disclose specific material changes in financial performance compared to prior periods. It notes that management uses non-GAAP measures to facilitate comparisons of operational performance across different periods and with comparable companies.
Guidance, Outlook, and Risks
Management utilizes historical consolidated results and Adjusted EBITDA for budgeting and planning to assess performance against objectives. The filing includes standard cautionary language regarding forward-looking statements found in the accompanying press release. It emphasizes that non-GAAP measures should not be viewed as a substitute for GAAP measures and may not be comparable to similarly titled measures used by other companies.
Investor Verification Checklist
- Review Exhibit 99.1 (Press Release) for specific revenue, net income, and cash flow figures for the quarter ended March 31, 2026.
- Verify the reconciliation between GAAP and non-GAAP financial measures to understand the impact of stock-based compensation and warrant liability adjustments.
- Assess the magnitude of the change in fair value of warrant liabilities, which is recorded as other income or expense.
- Confirm the company's liquidity position and debt levels, which are not detailed in this 8-K summary text.