Peraso Inc. 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 (?EOL?) program for the Company?s memory integrated circuit products (?memory IC 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.