Peraso receives additional $2.88M EOL purchase order

Peraso announced the Company received an additional purchase order totaling $2.88 million. This non-cancelable order represents incremental last-time buys associated with the previously announced end-of-life program for the Company’s memory integrated circuit products. To date, the Company has booked EOL purchase orders totaling approximately $16.9 million, of which the majority remains in backlog. Peraso has commenced fulfillment of these collective orders and expects shipments to extend into 2025.