Revenue: As of FY2025 Q3, the actual value is USD 3.234 M, beating the estimate of USD 3.025 M.EPS: As of FY2025 Q3, the actual value is USD -0.17.EBIT: As of FY2025 Q3, the actual value is USD -1.19 M.<h3>Segment Revenue</h3><ul><li>Total Net Revenue: $3,234 thousand for the three months ended September 30, 2025, compared to $3,841 thousand for the same period in 2024. For the nine months ended September 30, 2025, total net revenue was $9,323 thousand, compared to $10,895 thousand in 2024.</li><li>Product Revenue: $3,062 thousand for the three months ended September 30, 2025, compared to $3,811 thousand in 2024. For the nine months ended September 30, 2025, product revenue was $9,080 thousand, compared to $10,596 thousand in 2024.</li><li>Royalty and Other Revenue: $172 thousand for the three months ended September 30, 2025, compared to $30 thousand in 2024. For the nine months ended September 30, 2025, royalty and other revenue was $243 thousand, compared to $299 thousand in 2024.</li></ul><h3>Operational Metrics</h3><ul><li>Net Loss: $1,210 thousand for the three months ended September 30, 2025, compared to $2,712 thousand in 2024. For the nine months ended September 30, 2025, net loss was $3,510 thousand, compared to $9,168 thousand in 2024.</li><li>Gross Profit: $1,817 thousand for the three months ended September 30, 2025, compared to $1,807 thousand in 2024. For the nine months ended September 30, 2025, gross profit was $5,570 thousand, compared to $5,464 thousand in 2024.</li><li>Research and Development Expenses: $1,528 thousand for the three months ended September 30, 2025, compared to $2,158 thousand in 2024. For the nine months ended September 30, 2025, R&amp;D expenses were $4,773 thousand, compared to $7,615 thousand in 2024.</li><li>Selling, General and Administrative Expenses: $1,479 thousand for the three months ended September 30, 2025, compared to $2,349 thousand in 2024. For the nine months ended September 30, 2025, SG&amp;A expenses were $4,501 thousand, compared to $6,592 thousand in 2024.</li></ul><h3>Cash Flow</h3><ul><li>Net Cash Used in Operating Activities: $4,555 thousand for the nine months ended September 30, 2025, compared to $3,892 thousand in 2024.</li><li>Net Cash Used in Investing Activities: $79 thousand for the nine months ended September 30, 2025, compared to $0 in 2024.</li><li>Net Cash Provided by Financing Activities: $3,155 thousand for the nine months ended September 30, 2025, compared to $3,626 thousand in 2024.</li></ul><h3>Unique Metrics</h3><ul><li>Memory IC Product End-of-Life: Taiwan Semiconductor Manufacturing Corporation discontinued the foundry process used to produce the Company’s memory IC products, leading to an end-of-life for these products in 2023. The Company fulfilled all outstanding EOL orders by March 2025.</li></ul><h3>Future Outlook and Strategy</h3><ul><li>Core Business Focus: The Company aims to be a profitable, IP-rich fabless semiconductor company offering integrated circuits, antenna modules, and related non-recurring engineering services. It specializes in mmWave semiconductors for 802.11ad/ay-compliant devices and 5G-compliant devices.</li><li>Non-Core Business: The Company is exploring strategic alternatives, including a merger or sale of assets, to maximize stockholder value. It is evaluating an unsolicited acquisition proposal from Mobix Labs.</li><li>Priority: The Company needs to increase revenues substantially beyond past levels to generate sustainable operating profit and sufficient cash flows without raising additional capital.</li></ul>

Peraso | 10-Q: FY2025 Q3 Revenue Beats Estimate at USD 3.234 M