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) has received a purchase order for its DUNE platform from a Kenyan wireless Internet service provider (WISP). This marks a significant step in deploying 60GHz technology in Africa. The DUNE platform, utilizing mmWave technology, offers a robust solution for high-density environments, supporting 32 end users per access point.
The WISP will replace its existing 5GHz technology with Peraso's 60GHz mmWave solution, expected to improve performance, enable higher density operation, and lower cost per customer. The project will be implemented in two phases: point-to-point (PTP) for backhaul and point-to-multipoint (PTMP) for last-mile access.
This deployment is anticipated to enhance the WISP's ability to scale its business across Kenyan population centers, including Nairobi and Mombasa. With an estimated 22.7 million internet users in Kenya, Peraso believes this project could have a substantial impact on improving internet services for a large number of users.
Peraso Inc. (NASDAQ:PRSO), a leader in mmWave technology, announced its participation in Futurecom 2024 in Sao Paulo, Brazil, from October 8-10, 2024. The company will showcase its Dense Urban Network Environment (D.U.N.E.) solutions and advocate for mmWave Fixed Wireless Access (FWA) in densely populated areas.
Peraso will be part of the Canadian Pavilion at booth #F120, hosted by the Canadian Trade Commissioner Service. CEO Ron Glibbery expressed excitement about the opportunity to showcase Canada's technology ecosystem and explore new opportunities in the Brazilian market.
As a pioneer in high-performance mmWave phased array solutions, Peraso offers technology for all mmWave communication bands (24GHz - 71GHz). Their fully integrated, unlicensed 60GHz solutions are important for bringing gigabit wireless broadband to underserved communities. Peraso's management will be available at the show for meetings with industry professionals and media representatives.
Peraso Inc. (NASDAQ:PRSO) has received a purchase order for its High-Velocity Roaming (HVR) technology to enhance high-speed internet connectivity on moving trains and subways in Korea. The initial quantities will be used to demonstrate and characterize the use of 60GHz for HVR in the Korean public transportation system. Peraso's HVR technology provides uninterrupted high-speed internet to passengers on fast-moving trains, managing signal transfers between access points spaced approximately every kilometer.
CEO Ron Glibbery expressed delight in the technology's recognition and evaluation in one of the world's most congested subway systems. The company is also working to win a similar program for deployment on the rail system in China. This market expansion aligns with Peraso's strategic objective to enhance connectivity solutions globally, addressing the evolving needs of urban transit systems.
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.
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