Peraso, Inc. - PRSO STOCK NEWS

Peraso Inc. (PRSO) receives a $2.88 million purchase order for memory IC products, adding to a total of $16.9 million in EOL orders. The company anticipates revenue and cash flow from the program into 2025, showcasing confidence in their legacy products and market expansion.

Peraso Inc. introduces a new wireless platform utilizing mmWave technology for secure tactical communications, expanding into new markets and highlighting the benefits of 60 GHz mmWave in the defense sector. The PRM2136 module offers high bandwidth, low latency, and interference-free communication, enabling multi-gigabit data transfer rates crucial for military operations. Peraso's technology provides small, lightweight, and power-efficient solutions with adaptive beamforming and stealthy communication capabilities. The Company has secured its first customer for the new platform, signaling positive engagement and validation from the military sector.

Peraso Inc. (NASDAQ: PRSO) reports Q4 and full-year financial results for 2023, highlighting challenges in product revenue due to market corrections and timing issues. The company expects revenue growth to resume in Q1 and throughout the year, supported by order backlog and new product orders. Peraso also sees increased customer engagement for gigabit wireless connectivity solutions, securing commercial orders and engaging with multiple service providers. The company strengthened its cash position through a public offering to support business growth and focus on expanding its customer base for mmWave products.

Peraso Inc. (NASDAQ:PRSO) collaborates with Miliwave Co., Ltd. to introduce new Fixed Wireless products at WISPAMERICA OKC conference. Miliwave's airPATH 60 products offer reliable, multi-gigabit data connectivity using Peraso's X720 chipset. The products cater to various market segments with features like long-range support, Wi-Fi backup, and cost-effective solutions. The partnership signifies the growing demand for 60 GHz products and expands vendor options for service providers in North America.

Peraso Inc. (NASDAQ:PRSO) announced the release of its fourth quarter 2023 financial results on March 18, 2024, followed by a conference call with the CEO and CFO to discuss the Company's performance and outlook.

Peraso Inc. (NASDAQ:PRSO) announces participation in WISPAMERICA event to showcase latest mmWave solutions for Fixed Wireless Access. The 'animal farm' speaking session will focus on the benefits of unlicensed 60GHz for Gigabit Access. Peraso's DUNE platform aims to provide high-speed internet to underserved communities.

Peraso Inc. (NASDAQ:PRSO) announces the availability of EtherWaveTM software supporting 60 GHz IEEE 802.11ad modules for multi-gigabit connectivity. The software enables cross-platform support for Android, Windows, and Linux devices. EtherWave utilizes CDC NCM interface for efficient data transport over USB, eliminating the need for device-specific drivers. The pre-release testing shows promising results with nearly 2Gbps throughput and enhanced security features. General availability for Android is expected by Q2 2024.

Peraso Inc. (NASDAQ:PRSO) announced the closing of an underwritten public offering of common stock, pre-funded warrants, Series A warrants, and Series B warrants, raising approximately $4.172 million in gross proceeds. The offering included a total of 562,500 shares of common stock and warrants to purchase additional shares. Ladenburg Thalmann & Co. Inc. acted as the sole book-running manager for the offering. The net proceeds will be used to fund operations and for working capital and general corporate purposes.

Peraso Inc. (NASDAQ:PRSO) has announced the pricing of its underwritten public offering of shares of common stock, pre-funded warrants, Series A warrants, and Series B warrants. Ladenburg Thalmann & Co. Inc. is acting as the sole book-running manager for the Offering. Each share of common stock and each pre-funded warrant is being sold together with one Series A warrant to purchase two shares of common stock and one Series B warrant to purchase two shares of common stock. The Series A warrants have an exercise price of $2.25 per share and will expire five years following the date of issuance. The Series B warrants have an exercise price of $2.25 per share and will expire six months following the date of issuance. The pre-funded warrants will be immediately exercisable at a nominal exercise price of $0.001 per share. The combined public offering price of each share of common stock, together with the accompanying Series A warrant and Series B warrant, is $2.10, less underwriting discounts and commissions. The combined public offering price of a pre-funded warrant, together with the accompanying Series A warrant and Series B warrant, is $2.099, less underwriting discounts and commissions. The Offering is expected to close on or before February 10, 2024.