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.
Overview
Peraso Inc. (PRSO) is a fabless semiconductor company that specializes in the development of advanced mmWave wireless chipsets and modules for the 60 GHz unlicensed and 5G licensed markets. With decades of experience in semiconductor design, Peraso focuses on delivering integrated circuits tailored for consumer electronics and mobile applications, ensuring minimal footprint, low power consumption, and cost efficiency. The company leverages cutting-edge wireless technology to address challenges in high-density urban environments while expanding its reach in areas such as fixed wireless access, immersive video, defense, and industrial automation.
Technology and Innovation
At the heart of Peraso's innovation is its expertise in millimeter wave (mmWave) technology. The company is a pioneer in designing high-performance 60 GHz chipsets, advanced antenna modules, and complementary software solutions. Its accomplishments in phased-array antenna design and integrated circuit packaging enable the development of products that provide high data rates and robust wireless connectivity. Peraso's focus on optimizing performance, reducing power consumption, and maintaining competitive price points has established it as a technological innovator in the semiconductor space.
Applications and Market Segments
Peraso's technology spans a wide array of applications. In the consumer electronics market, its solutions are dedicated to mobile segments including smartphones, tablets, and digital cameras, ensuring that products are compact and energy-efficient. The company also serves niche applications in fixed wireless access networks, facilitating high-speed internet connectivity in densely populated urban areas. Additionally, Peraso's mmWave solutions have found applications in mission-critical environments such as military communications, immersive video streaming, factory automation, and transportation systems, where reliability and high performance are non-negotiable.
Business Model and Operations
Operated on a fabless model, Peraso relies on an ecosystem of manufacturing partners to fabricate its custom-designed integrated circuits. This model allows the company to concentrate on research and development, innovative engineering, and fostering intellectual property. Revenue is generated not only from product sales but also from non-recurring engineering (NRE) services and licensing agreements for its proprietary technology. Geographically diversified, the company draws revenue from major markets including the United States, Asia, and emerging regions where demand for next-generation connectivity solutions is increasing.
Competitive Landscape and Industry Position
Within a highly competitive semiconductor industry, Peraso has carved out a niche through its state-of-the-art mmWave technology. The company’s approach to miniaturized, high-speed, and low-power semiconductor design positions it uniquely against competitors, especially in markets with stringent performance requirements. Furthermore, Peraso’s involvement in developing standards for future IEEE and 5G wireless infrastructures underscores its commitment to contributing expert knowledge and driving industry advancements. This detailed focus on technology and application areas helps investors and industry watchers understand the intrinsic value of its offerings.
Commitment to Innovation and Customer Engineering
Peraso is dedicated to a culture of innovation and technological excellence. Its dynamic entrepreneurial environment encourages engineers to engage in some of the world’s most advanced wireless technology developments. This commitment not only accelerates data intelligence and multi-access edge computing in its products but also lays the groundwork for enhanced wireless communication systems globally. By consistently pushing the boundaries of semiconductor technology, Peraso continues to redefine the possibilities in high-frequency wireless communications.
Conclusion
In summary, Peraso Inc. is a forward-thinking company that combines advanced mmWave wireless technology with a robust business model centered on innovation and strategic partnerships. Its expertise in designing chipsets and antenna modules for the 60 GHz spectrum, complemented by valuable NRE and intellectual property licensing, positions it effectively in the global semiconductor industry. With clear focus areas spanning mobile communications, fixed wireless access, and specialized markets like military applications, Peraso offers a comprehensive portfolio of solutions designed to meet the evolving connectivity challenges of today's digital world.
Peraso Inc. (NASDAQ: PRSO), a pioneer in mmWave wireless technology solutions, has scheduled the release of its fourth quarter and full year 2024 financial results on Wednesday, March 19, 2025, after market close.
The company will host a conference call at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) to discuss the results and business outlook. The call will be accessible via webcast and through dial-in numbers, with replay available until April 2, 2025.
Peraso Inc. (NASDAQ:PRSO), a pioneer in mmWave wireless technology solutions, announced that CEO Ron Glibbery was featured on The Street Reports Podcast discussing the company's technology applications. The interview covered key areas including fixed wireless access (FWA) utilizing both 60 GHz unlicensed and 5G spectrum, AI-driven-connectivity, and military applications.
Peraso specializes in multi-gigabit, long-range, 60 GHz unlicensed mmWave wireless technology, providing chipsets, modules and software solutions. The company has over a decade of experience in shipping mmWave semiconductor products, with their solutions being deployed globally across various applications amid growing demand for mmWave technology.
Peraso Inc. (NASDAQ: PRSO), a pioneer in mmWave wireless technology solutions, has announced its participation in the Benchmark Company's 13th Annual Discovery Investor Conference. The event is scheduled for December 11, 2024, at the New York Athletic Club in New York City. CEO Ron Glibbery and CFO Jim Sullivan will be available for one-on-one meetings with analysts and investors throughout the conference day.
The conference provides opportunities for in-person meetings with micro- and small-cap public companies. Interested attendees can schedule meetings with Peraso management through the registration process.
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.
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