$PRSO
Peraso Inc.

2022 Q1 Form 10-Q Financial Statement

#000156459022020074 Filed on May 13, 2022

View on sec.gov

Income Statement

Concept 2022 Q1 2021 Q1
Revenue $3.403M $1.101M
YoY Change 209.08% -12.62%
Cost Of Revenue $1.948M $495.0K
YoY Change 293.54% -6.6%
Gross Profit $1.455M $843.0K
YoY Change 72.6% 15.48%
Gross Profit Margin 42.76% 76.57%
Selling, General & Admin $2.705M $1.071M
YoY Change 152.57% -5.64%
% of Gross Profit 185.91% 127.05%
Research & Development $5.486M $1.159M
YoY Change 373.34% 20.6%
% of Gross Profit 377.04% 137.49%
Depreciation & Amortization $776.0K $277.0K
YoY Change 180.14% 575.61%
% of Gross Profit 53.33% 32.86%
Operating Expenses $8.191M $4.094M
YoY Change 100.07% 95.32%
Operating Profit -$6.736M -$3.612M
YoY Change 86.49% 164.42%
Interest Expense $0.00 -$30.00K
YoY Change -100.0% -154.55%
% of Operating Profit
Other Income/Expense, Net -$18.00K $140.00
YoY Change -12957.14% -99.13%
Pretax Income -$6.754M -$1.369M
YoY Change 393.35% -2.56%
Income Tax
% Of Pretax Income
Net Earnings -$6.754M -$4.157M
YoY Change 62.47% 195.87%
Net Earnings / Revenue -198.47% -377.57%
Basic Earnings Per Share -$0.34 -$0.79
Diluted Earnings Per Share -$0.34 -$0.79
COMMON SHARES
Basic Shares Outstanding 19.77M 5.241M
Diluted Shares Outstanding 19.77M 5.241M

Balance Sheet

Concept 2022 Q1 2021 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $9.784M $11.14M
YoY Change -12.16% 98.91%
Cash & Equivalents $3.791M $1.002M
Short-Term Investments $5.993M $1.610M
Other Short-Term Assets $1.333M $534.0K
YoY Change 149.63% -11.0%
Inventory $4.521M $862.0K
Prepaid Expenses
Receivables $2.106M $375.0K
Other Receivables $1.117M $0.00
Total Short-Term Assets $18.86M $12.91M
YoY Change 46.1% 63.42%
LONG-TERM ASSETS
Property, Plant & Equipment $2.812M $359.0K
YoY Change 683.29% 19.67%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $2.399M
YoY Change
Other Assets $78.00K $18.00K
YoY Change 333.33%
Total Long-Term Assets $23.09M $377.0K
YoY Change 6023.87% 88.5%
TOTAL ASSETS
Total Short-Term Assets $18.86M $12.91M
Total Long-Term Assets $23.09M $377.0K
Total Assets $41.95M $13.29M
YoY Change 215.71% 64.04%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.941M $81.00K
YoY Change 2296.3% -19.0%
Accrued Expenses $2.795M $1.492M
YoY Change 87.33% 6.57%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $434.0K
YoY Change
Total Short-Term Liabilities $5.097M $2.022M
YoY Change 152.08% 18.94%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $145.0K
YoY Change -100.0% -95.17%
Other Long-Term Liabilities $411.0K $57.00K
YoY Change 621.05%
Total Long-Term Liabilities $411.0K $202.0K
YoY Change 103.47% -93.27%
TOTAL LIABILITIES
Total Short-Term Liabilities $5.097M $2.022M
Total Long-Term Liabilities $411.0K $202.0K
Total Liabilities $5.508M $2.224M
YoY Change 147.66% -52.07%
SHAREHOLDERS EQUITY
Retained Earnings -$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 $36.44M -$6.901M
YoY Change
Total Liabilities & Shareholders Equity $41.95M $13.29M
YoY Change 215.71% 63.23%

Cashflow Statement

Concept 2022 Q1 2021 Q1
OPERATING ACTIVITIES
Net Income -$6.754M -$4.157M
YoY Change 62.47% 195.87%
Depreciation, Depletion And Amortization $776.0K $277.0K
YoY Change 180.14% 575.61%
Cash From Operating Activities -$5.740M -$1.013M
YoY Change 466.63% 43.08%
INVESTING ACTIVITIES
Capital Expenditures $76.00K $2.000K
YoY Change 3700.0% -66.67%
Acquisitions
YoY Change
Other Investing Activities $3.743M -$1.611M
YoY Change -332.34% -637.0%
Cash From Investing Activities $3.647M -$1.613M
YoY Change -326.1% -648.64%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $6.800M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -9.000K 552.0K
YoY Change -101.63% 55100.0%
NET CHANGE
Cash From Operating Activities -5.740M -1.013M
Cash From Investing Activities 3.647M -1.613M
Cash From Financing Activities -9.000K 552.0K
Net Change In Cash -2.102M -709.0K
YoY Change 196.47% 71.67%
FREE CASH FLOW
Cash From Operating Activities -$5.740M -$1.013M
Capital Expenditures $76.00K $2.000K
Free Cash Flow -$5.816M -$1.015M
YoY Change 473.0% 42.16%

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