Peraso Stock Pops 13% as PRSO Traders Bet a Delayed Order Is Finally Behind It
Peraso Inc. shares rose about 13% Thursday, trading near $1.165 on volume of 1.29 million after closing at $1.03. The move followed weak first-quarter results, with net revenue down to $963,000 from $3.87 million a year earlier and a net loss widening to $2.5 million. Management said a delayed customer order has now shipped. No new company disclosures were issued Thursday.