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 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.
Peraso (NASDAQ: PRSO) announced its first-quarter 2024 financial results, showing a total revenue of $2.8 million, a 54% sequential increase. GAAP gross margin improved to 46.4%, and non-GAAP gross margin rose to 66.4%. The company reported a GAAP net loss of $2.0 million, a significant improvement from the previous quarter's $8.9 million loss. Operating expenses on a non-GAAP basis were $3.5 million, down from $4.0 million in the prior quarter. Peraso's memory product backlog stands at $12.6 million, with $2.9 million in EOL purchase orders. The company forecasts second-quarter revenue between $3.7 million and $4.0 million.
Peraso Inc. (NASDAQ:PRSO) is set to release its first quarter 2024 financial results on May 13, 2024, followed by a conference call with CEO Ron Glibbery and CFO Jim Sullivan to discuss the Company's performance and future prospects in mmWave technology for networks.
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