$PRSO
Peraso Inc.

2021 Q3 Form 10-Q Financial Statement

#000156459021056588 Filed on November 12, 2021

View on sec.gov

Income Statement

Concept 2021 Q3 2021 Q2 2021 Q1
Revenue $1.337M $697.0K $1.101M
YoY Change -32.17% -64.58% -12.62%
Cost Of Revenue $376.0K $435.0K $495.0K
YoY Change -44.46% -27.98% -6.6%
Gross Profit $961.0K $262.0K $843.0K
YoY Change -25.73% -80.79% 15.48%
Gross Profit Margin 71.88% 37.59% 76.57%
Selling, General & Admin $1.398M $1.799M $1.071M
YoY Change 46.39% 86.62% -5.64%
% of Gross Profit 145.47% 686.64% 127.05%
Research & Development $1.281M $2.892M $1.159M
YoY Change 31.79% 193.6% 20.6%
% of Gross Profit 133.3% 1103.82% 137.49%
Depreciation & Amortization -$482.0K $515.0K $277.0K
YoY Change -498.35% 1187.5% 575.61%
% of Gross Profit -50.16% 196.56% 32.86%
Operating Expenses $2.679M $4.691M $4.094M
YoY Change 39.02% 140.69% 95.32%
Operating Profit -$1.718M -$4.429M -$3.612M
YoY Change 171.41% 657.09% 164.42%
Interest Expense $0.00 $786.0K -$30.00K
YoY Change -100.0% 1303.57% -154.55%
% of Operating Profit
Other Income/Expense, Net $4.000K -$215.0K $140.00
YoY Change -200.0% -10850.0% -99.13%
Pretax Income -$1.714M -$5.430M -$1.369M
YoY Change 142.43% 748.44% -2.56%
Income Tax
% Of Pretax Income
Net Earnings -$1.714M -$5.430M -$4.157M
YoY Change 142.43% 749.77% 195.87%
Net Earnings / Revenue -128.2% -779.05% -377.57%
Basic Earnings Per Share -$0.73 -$1.03 -$0.79
Diluted Earnings Per Share -$197.6K -$1.03 -$0.79
COMMON SHARES
Basic Shares Outstanding 5.258M 5.251M 5.241M
Diluted Shares Outstanding 5.258M 5.251M 5.241M

Balance Sheet

Concept 2021 Q3 2021 Q2 2021 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $18.03M $19.57M $11.14M
YoY Change 160.55% 164.41% 98.91%
Cash & Equivalents $9.820M $2.040M $1.002M
Short-Term Investments $8.213M $6.091M $1.610M
Other Short-Term Assets $694.0K $388.0K $534.0K
YoY Change 93.31% 29.33% -11.0%
Inventory $1.153M $1.026M $862.0K
Prepaid Expenses
Receivables $749.0K $632.0K $375.0K
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $20.63M $21.61M $12.91M
YoY Change 134.87% 132.39% 63.42%
LONG-TERM ASSETS
Property, Plant & Equipment $244.0K $301.0K $359.0K
YoY Change -44.29% 50.5% 19.67%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $3.203M $3.484M
YoY Change
Other Assets $18.00K $17.00K $18.00K
YoY Change 5.88%
Total Long-Term Assets $3.465M $3.802M $377.0K
YoY Change 661.54% 1801.0% 88.5%
TOTAL ASSETS
Total Short-Term Assets $20.63M $21.61M $12.91M
Total Long-Term Assets $3.465M $3.802M $377.0K
Total Assets $24.09M $25.41M $13.29M
YoY Change 160.81% 167.52% 64.04%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $144.0K $89.00K $81.00K
YoY Change 80.0% -19.0%
Accrued Expenses $1.725M $1.350M $1.492M
YoY Change 20.29% -3.57% 6.57%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00 $0.00 $434.0K
YoY Change -100.0% -100.0%
Total Short-Term Liabilities $2.031M $1.787M $2.022M
YoY Change 20.53% 11.69% 18.94%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $145.0K
YoY Change -100.0% -100.0% -95.17%
Other Long-Term Liabilities $0.00 $10.00K $57.00K
YoY Change -100.0%
Total Long-Term Liabilities $0.00 $10.00K $202.0K
YoY Change -100.0% -99.71% -93.27%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.031M $1.787M $2.022M
Total Long-Term Liabilities $0.00 $10.00K $202.0K
Total Liabilities $2.031M $1.797M $2.224M
YoY Change -61.94% -64.06% -52.07%
SHAREHOLDERS EQUITY
Retained Earnings -$245.2M -$244.0M
YoY Change 1.72%
Common Stock $255.1M
YoY Change 4.81%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $22.06M -$11.16M -$6.901M
YoY Change
Total Liabilities & Shareholders Equity $24.09M $25.41M $13.29M
YoY Change 160.81% 167.52% 63.23%

Cashflow Statement

Concept 2021 Q3 2021 Q2 2021 Q1
OPERATING ACTIVITIES
Net Income -$1.714M -$5.430M -$4.157M
YoY Change 142.43% 749.77% 195.87%
Depreciation, Depletion And Amortization -$482.0K $515.0K $277.0K
YoY Change -498.35% 1187.5% 575.61%
Cash From Operating Activities $1.080M -$4.638M -$1.013M
YoY Change -166.83% 908.26% 43.08%
INVESTING ACTIVITIES
Capital Expenditures $128.0K -$145.0K $2.000K
YoY Change -1014.29% -66.67%
Acquisitions
YoY Change
Other Investing Activities -$11.42M $1.611M -$1.611M
YoY Change -3907.33% -637.0%
Cash From Investing Activities -$11.29M $1.466M -$1.613M
YoY Change -4048.95% -648.64%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $12.00M $6.800M
YoY Change 650.0%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 13.82M -139.0K 552.0K
YoY Change 528.57% -106.32% 55100.0%
NET CHANGE
Cash From Operating Activities 1.080M -4.638M -1.013M
Cash From Investing Activities -11.29M 1.466M -1.613M
Cash From Financing Activities 13.82M -139.0K 552.0K
Net Change In Cash 3.602M -3.311M -709.0K
YoY Change 314.98% -290.29% 71.67%
FREE CASH FLOW
Cash From Operating Activities $1.080M -$4.638M -$1.013M
Capital Expenditures $128.0K -$145.0K $2.000K
Free Cash Flow $952.0K -$4.493M -$1.015M
YoY Change -159.43% 876.74% 42.16%

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us-gaap Stock Issued1
StockIssued1
123066
mosy Gain Loss On Repayment Of Interest On Convertible Notes Payable
GainLossOnRepaymentOfInterestOnConvertibleNotesPayable
-16898
CY2021Q1 us-gaap Class Of Warrant Or Right Number Of Securities Called By Warrants Or Rights
ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights
613791000
CY2021Q1 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
2.40
CY2021Q1 us-gaap Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
1473098
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
52000
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
113000
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
165000
CY2021Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
2000
CY2021Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
163000
us-gaap Operating Lease Payments
OperatingLeasePayments
153000
us-gaap Operating Lease Payments
OperatingLeasePayments
168000
mosy Recognition Of Additional Operating Lease Right Of Use Asset And Liability Upon Lease Modification
RecognitionOfAdditionalOperatingLeaseRightOfUseAssetAndLiabilityUponLeaseModification
352000

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