Welcome to our dedicated page for Peraso news (Ticker: PRSO), a resource for investors and traders seeking the latest updates and insights on Peraso stock.
Peraso, Inc. (NASDAQ: PRSO) is a leading fabless semiconductor company specializing in the design and development of integrated circuits for the 60 GHz wireless marketplace. Focused on providing top-tier products for the consumer electronics (CE) market, Peraso's primary targets include mobile segments such as smartphones, tablets, and digital cameras. By integrating features critical to the mobile market—such as minimal footprint, low power consumption, and competitive price points—Peraso strives to meet and exceed market expectations.
Operating on a global scale, Peraso generates its revenue from key regions including the United States, Hong Kong, Taiwan, and others. The company’s specialties extend to millimeter wave 60 GHz wireless circuit design, advanced antenna and phased array design, high-speed mixed signal and digital design, PHY/MAC architecture development, and real-time software development.
Recent Achievements and Current Projects:
- EtherWave Software Package: Peraso recently announced the scheduled availability of its EtherWave software package, which supports the company's 60 GHz IEEE 802.11ad module products. This software provides cross-platform support, enabling use with Android, Windows, and Linux host devices.
- Financial Developments: The company achieved a total revenue of $2.8 million in Q1 2024, reflecting a sequential increase and surpassing previous guidance.
- Product Innovations: An additional purchase order totaling $2.88 million under the end-of-life (EOL) program for memory integrated circuit products highlights continued demand and expected revenue flow into 2025.
- Market Expansion: Peraso is engaged in proof-of-concept trials for its new DUNE platform targeting dense urban environments in Africa, and their mmWave chipset is included in Panasonic's new 60GHz WLAN solutions.
- Tactical Communications: The company introduced a new wireless platform designed for secure tactical communications, expanding its reach into military markets.
Financial Performance: Despite facing challenges such as market inventory corrections and end-of-life product cycles, Peraso has shown resilience with significant improvements in gross margins and operating expense reductions. The company reported a GAAP gross margin of 46.4% and a non-GAAP gross margin of 66.4% for Q1 2024.
Partnerships and Collaborations: Peraso collaborates with system vendors and component distributors across North America, Asia, and Europe to provide its high-performance mmWave technology. Notable partners include Miliwave for fixed wireless products and new market entries, and Richardson RFPD for global distribution.
Peraso, Inc. continues to innovate and expand its market presence, leveraging its expertise in mmWave technology to develop cutting-edge solutions for a variety of applications including fixed wireless access, immersive video, and factory automation. For more information, visit www.perasoinc.com.
Peraso Inc. (NASDAQ:PRSO) reported Q3 2024 financial results with total net revenue of $3.8 million, down from $4.2 million in Q2 and $4.5 million year-over-year. The company achieved a GAAP gross margin of 47.0% and reduced operating expenses by nearly 20% year-over-year. GAAP net loss was $2.7 million ($0.98 per share). The company secured a $1.4 million follow-on order from a South African WISP and new orders for military applications. Through warrant exercises, Peraso raised approximately $2.9 million in gross proceeds. Q4 2024 revenue guidance is set at $3.6-4.0 million.
Peraso Inc. (NASDAQ:PRSO) announced its participation in the 2024 AfricaTech Festival in Cape Town, South Africa, November 11-14, 2024. The company will showcase its 60 GHz Fixed Wireless Access (FWA) mmWave technology at booth #D2 in the Canadian Pavilion. Peraso's technology aims to address broadband connectivity demands in Africa, offering high-performance, ultra-low-latency solutions for both rural and dense urban environments. As one of the few providers of solutions across all mmWave communication bands (24GHz - 71GHz), Peraso's unlicensed 60GHz solutions are currently deployed worldwide, including Africa, supporting various applications in the growing FWA market.
Peraso announced the exercise of Series B warrants to purchase 2,246,030 shares of common stock at a reduced price of $1.30 per share, expecting to raise $2.9 million in gross proceeds. In exchange, the company will issue new unregistered Series C and D warrants to purchase up to 2,246,030 shares each at $1.61 per share. The Series C warrants have a 6-month term while Series D warrants extend to 5 years. Additionally, Peraso reduced the exercise price to $1.30 for non-participating warrant holders until November 8, 2024. The proceeds will be used for working capital and general corporate purposes.
Peraso Inc. (NASDAQ:PRSO) announces that SAF Tehnika has launched FreeMile 60, a fixed wireless access radio using Peraso's Perspectus mmWave modules with X720 chipset. Operating in the unlicensed 60 GHz band, FreeMile features a 90-degree multipoint setup for wireless Internet service providers to maximize network coverage. The product has received FCC and CE certification and is immediately available in North America and Europe through SAF's distribution network. The solution aims to address the growing demand for alternative broadband platforms in the $3.4B addressable market.
Peraso Inc. (NASDAQ:PRSO), a leader in mmWave technology for 60 GHz unlicensed and 5G licensed networks, will release its Q3 2024 financial results on Tuesday, November 12, 2024, after market close. The announcement will be followed by a conference call at 2:00 p.m. Pacific Time to discuss results and business outlook. An archived webcast and conference call replay will be available through November 26, 2024, with supporting materials posted on the company's investor relations website.
Peraso announced a $1.4 million follow-on purchase order from a South African wireless Internet service provider for mmWave equipment, following an initial order from Q2 2024. The company's mmWave technology operates in the unlicensed 60 GHz band, offering superior performance in dense urban environments where traditional 5 GHz/6 GHz devices face interference issues. The technology's low-power consumption feature is particularly beneficial in South Africa, where battery backup systems are important due to frequent power outages.
Peraso Inc. (NASDAQ:PRSO), a leader in mmWave technology for 60 GHz unlicensed and 5G licensed networks, has announced its participation in the LD Micro 17th Annual Main Event. The conference will take place at the Luxe Sunset Boulevard Hotel in Los Angeles, CA.
Key details:
- CEO Ron Glibbery and CFO Jim Sullivan will represent Peraso
- Presentation scheduled for Wednesday, October 30, at 8:30 a.m. PT
- Management will be available for investor meetings
Investors interested in meeting with Peraso's management can request appointments via meetings@ldmicro.com. Additionally, a virtual presentation option is available through a provided registration link.
Peraso and Richardson RFPD are hosting a webinar titled 'mmWave 60 GHz for ADEF Tactical Applications' on October 24, 2024. The event will explore the benefits of 60 GHz mmWave technology for military and defense applications. Key topics include:
- Technology behind Peraso's mmWave products
- Beamforming and phased array antenna technology
- Propagation characteristics
- High-frequency communications for defense applications
- Specific use cases for Aerospace and Defense (ADEF) systems
Michael Hamilton, VP of Business Development at Peraso, highlights the technology's ability to provide secure, high-speed data transfer in challenging battlefield environments. The webinar will also cover economic justifications for using unlicensed spectrum bands and relevant industry standards. Presenters include Michael Hamilton and Dr. Nadine Hatto from Peraso.
Peraso Inc. (NASDAQ:PRSO) announced that Miliwave Co., has introduced the MWC-932, a new addition to its AirPath 60 product line, at WISPAPALOOZA. The MWC-932 is an Ethernet Bridge mmWave radio with a 5km range, utilizing Peraso's Perspectus mmWave modules and X720 chipset. Key features include:
- Operates in the unlicensed 60 GHz band
- Provides multi-gigabit throughput
- Immune to common Wi-Fi interference
- High-gain, offset-parabolic antenna
- Weather-protected enclosure
- Compact size: 114mm x 145mm x 125mm
- Two 2.5G Ethernet interfaces
- 60W Power Over Ethernet (POE) input
- 30W POE output for peripheral equipment
The MWC-932 is designed for private and municipal networks, offering a single-box solution for reliable, cost-effective connectivity needs.
Peraso Inc. (NASDAQ:PRSO), a pioneer in mmWave wireless technology solutions, announced its participation at WISPAPALOOZA 2024 in Las Vegas, October 14-17, 2024. The company will showcase its innovative 60 GHz fixed wireless access (FWA) solutions designed for wireless Internet service providers (WISPs).
Peraso's technology competes directly with fiber solutions, offering a scalable and cost-effective way to bring ultra-fast connectivity to remote and underserved communities. The 60 GHz frequency band provides wide bandwidth, minimal interference, and supports gigabit-level speeds. At the event, Peraso will demonstrate its mmWave technology and showcase partner solutions from industry leaders including Jaguar Wave, Ketsen, Miliwave, Tachyon Networks, and Zinwell.
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