Peraso shares drop 29.95% intraday after missing sales targets and forecasting lower Q1 revenue due to delayed key order.

Peraso plunged 29.95% intraday as the company reported Q4 sales of $2.9 million, below the expected $2.955 million, and revised its Q1 revenue forecast to $1.2 million due to a key order delayed from Q1 to Q2 delivery. The stock initially fell 26.2% after-hours following the earnings report, with the decline continuing into today's trading session, reflecting market concerns over revenue outlook.