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) has secured a significant purchase order for its Perspectus module products, designed for battlefield applications. The system utilizes Peraso's advanced 60 GHz mmWave RF technology to enhance situational awareness and communications for soldiers in combat operations. Key features include:
- Minimized detection risk
- Reduced sensitivity to battlefield clutter and interference
- Proprietary narrow-beamforming technology
- Customized software and power-saving modes
- Up to one week of continuous operation on a single battery charge
Peraso has filed 50 patent applications in mmWave technology, with 40 already granted, demonstrating its commitment to innovation in wireless communications.
Peraso Inc. (NASDAQ:PRSO), a leader in mmWave technology for 60 GHz unlicensed and 5G licensed networks, has announced its participation in two upcoming investor conferences. The company will be presenting at the Summer 2024 Investor Summit on August 20, with a virtual presentation at 3:00 p.m. Eastern Time and one-on-one meetings with registered investors.
Additionally, Peraso will participate in the Emerging Growth Conference on August 21, featuring a virtual presentation at 2:20 p.m. Eastern Time with an interactive format for registered attendees. Both events will offer live and archived video webcasts, accessible through Peraso's investor relations page and the Emerging Growth Conference website for those unable to attend live.
Peraso Inc. (NASDAQ:PRSO) reported strong Q2 2024 results, with total revenue increasing 50.5% sequentially to $4.2 million. GAAP gross margin expanded to 55.5%, while non-GAAP gross margin reached 68.8%. The company saw increased shipments of end-of-life memory IC products and secured a new volume production order for mmWave antenna modules. Peraso expects H2 2024 revenue to increase over H1 and grow year-over-year. However, the company still reported a GAAP net loss of $4.4 million for Q2. Peraso anticipates Q3 2024 revenue between $3.8 million and $4.2 million, focusing on converting customer engagements into production orders for mmWave products.
Peraso Inc. (NASDAQ:PRSO), a leader in mmWave technology, has announced plans to develop custom IP and mmWave solutions for Wi-Fi 8 and future IEEE standards. This move follows the IEEE 802.11 Working Group's recommendation to include mmWave support in mainstream Wi-Fi, specifically in the 60GHz band. Peraso aims to create technologies for third-party fabless semiconductor firms, leveraging its expertise in 60-GHz technology.
The company has already shipped over 900,000 60-GHz radio ICs for various applications. The 60-GHz frequency band offers advantages such as vast continuous spectrum, miniaturized components, and highly directional antenna patterns, which can enhance wireless connectivity performance, particularly for streaming video applications.
Peraso Inc. (NASDAQ:PRSO), a leader in mmWave technology for 60 GHz unlicensed and 5G licensed networks, has announced its plans to release second quarter 2024 financial results on Monday, August 12, 2024, after market close. The company will host a conference call at 1:30 p.m. Pacific Time (4:30 p.m. Eastern Time) to discuss the results and business outlook.
Investors can join the conference call using the number 1-888-506-0062 (US) or +1-973-528-0011 (International) with passcode 935609. A webcast and slides will also be available. For those unable to attend live, an archived webcast will be accessible on Peraso's investor relations page, and a replay will be available until August 26, 2024, by calling 1-877-481-4010 (US) or 1-919-882-2331 (International) with passcode 50937.
Peraso Inc. (NASDAQ:PRSO) announced that Tachyon Networks is expanding its range of high-gain antenna kits for its TNA-303X 60GHz terminal, powered by Peraso's mmWave technology. The new products include the TNA-AK-300, supporting ranges up to 8km in PTP mode and 5km in PTMP mode, and the TNA-AK-S-90, which maintains azimuth scanning while enhancing signal strength. These products cater to the growing demand for reliable broadband solutions in the wireless internet service provider (WISP) and closed-circuit television (CCTV) markets.
Ron Glibbery, CEO of Peraso, highlighted the positive reception from the WISP and CCTV communities, while Lindsey Barlow, co-founder and CEO of Tachyon Networks, emphasized the flexibility and competitive advantage of their solutions in delivering multi-gigabit speeds with lower installation overhead.
Peraso Inc. (NASDAQ:PRSO) has announced preliminary revenue results for Q2 2024, exceeding previous guidance. The company anticipates total net revenue of approximately $4.2 million, surpassing the earlier projected range of $3.7-$4.0 million. This represents a strong growth of over 50% sequentially and over 70% year-over-year.
The higher revenue was primarily driven by increased shipments of end-of-life memory IC products and a new volume production order for mmWave antenna modules supporting the initial deployment of the DUNE platform by a South African service provider. Peraso expects additional orders from this customer and growing engagements for gigabit-speed fixed wireless access applications in urban environments.
Peraso (NASDAQ:PRSO) has announced that CEO Ron Glibbery and CFO Jim Sullivan will participate in the 16th Annual CEO Investor Summit 2024. This event will take place on July 10th at the St. Regis Hotel in San Francisco, CA. Peraso is recognized for its leadership in mmWave technology for 60 GHz unlicensed and 5G licensed networks. Presentation materials from the summit will be available on the company's website.
Peraso (NASDAQ: PRSO), a leader in mmWave technology, has earned the ISO 9001:2015 certification for its suite of mmWave solutions. This certification highlights Peraso's commitment to quality and customer satisfaction in the design and manufacture of its innovative mmWave products. ISO 9001:2015 is an internationally recognized standard focusing on quality management principles such as customer focus, high-level management involvement, and a process-driven approach. COO Brad Lynch emphasized that this milestone reaffirms Peraso's dedication to delivering superior wireless solutions. The certification process included a thorough audit of Peraso's operations, covering product development, manufacturing, customer support, and fulfillment.
Peraso, a leader in mmWave technology for 60 GHz unlicensed and 5G licensed networks, announced that CEO Ron Glibbery and CFO Jim Sullivan will present at the Lytham Partners 2024 Virtual Spring Conference.
The event will take place on May 30, 2024, at 11:45 a.m. ET. They will also be available for virtual meetings with investors throughout the day. A live and archived webcast of the presentation, along with supporting materials, will be accessible on Peraso's website.
Investors and analysts interested in scheduling meetings with Peraso management should contact Lytham Partners or register on the event's website.
FAQ
What is the current stock price of Peraso (PRSO)?
What is the market cap of Peraso (PRSO)?
What does Peraso, Inc. specialize in?
What recent projects has Peraso been involved in?
Where does Peraso generate its revenue?
What are Peraso's financial highlights for Q1 2024?
What is the EtherWave software package?
What market segments does Peraso target?
Who are some of Peraso's key partners?
What is Peraso's approach to product design?
Does Peraso offer opportunities for engineers?
How does Peraso ensure secure tactical communications?
