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.
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Peraso Inc. (NASDAQ:PRSO) announced the closing of an underwritten public offering of common stock, pre-funded warrants, Series A warrants, and Series B warrants, raising approximately $4.172 million in gross proceeds. The offering included a total of 562,500 shares of common stock and warrants to purchase additional shares. Ladenburg Thalmann & Co. Inc. acted as the sole book-running manager for the offering. The net proceeds will be used to fund operations and for working capital and general corporate purposes.
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Peraso Inc. (NASDAQ:PRSO) has announced the pricing of its underwritten public offering of shares of common stock, pre-funded warrants, Series A warrants, and Series B warrants. Ladenburg Thalmann & Co. Inc. is acting as the sole book-running manager for the Offering. Each share of common stock and each pre-funded warrant is being sold together with one Series A warrant to purchase two shares of common stock and one Series B warrant to purchase two shares of common stock. The Series A warrants have an exercise price of $2.25 per share and will expire five years following the date of issuance. The Series B warrants have an exercise price of $2.25 per share and will expire six months following the date of issuance. The pre-funded warrants will be immediately exercisable at a nominal exercise price of $0.001 per share. The combined public offering price of each share of common stock, together with the accompanying Series A warrant and Series B warrant, is $2.10, less underwriting discounts and commissions. The combined public offering price of a pre-funded warrant, together with the accompanying Series A warrant and Series B warrant, is $2.099, less underwriting discounts and commissions. The Offering is expected to close on or before February 10, 2024.
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Peraso Inc. (NASDAQ:PRSO) announced the first purchase order for its Perspectus mmWave antenna modules, validating its ability to deliver affordable gigabit wireless to underserved markets. The DUNE platform implements intelligent Media Access Control features, enabling wireless Internet service provider (WISP) operators to deploy long-range, multi-point networks without interference in dense user environments. Peraso's latest mmWave antenna module, the PRM2144X, is specifically designed for dense urban areas, providing high gain, narrow beamwidth, and extremely low antenna side-lobes. The increased gain and range also benefit suburban and rural deployments, eliminating the need for dish antennas in many cases.
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Peraso Inc. (NASDAQ:PRSO) has regained compliance with the Nasdaq Capital Market's minimum bid price continued listing requirement, with a closing bid price of its common stock in excess of the $1.00 minimum requirement for the last 10 consecutive trading days.
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Peraso Inc. (NASDAQ:PRSO) announced the commercial availability of its DUNE platform for Fixed Wireless Access, addressing network access problems in urban areas. The platform expands the capabilities of their 60 GHz mmWave hardware to provide multi-gigabit connectivity in high population density environments. Peraso expects to leverage DUNE to increase sales of its Perspectus family of mmWave modules for FWA.
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Peraso Inc. (NASDAQ:PRSO) announces a 1-for-40 reverse stock split of its outstanding common stock to increase the per share trading price and satisfy the $1.00 minimum bid price requirement for continued listing on Nasdaq.
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Peraso Inc. (NASDAQ: PRSO) announced a new customer engagement, demonstrating the Company's ability to expand into new, high-growth consumer markets. The partnership involves the X130 chipset replacing the customer's current solution for wireless video distribution for indoor applications. The X130 offers support for high bandwidth, low latency applications, and circumvents Wi-Fi network congestion using mmWave technology. Peraso's X130 chipset employs the PRS1145 and PRS4601 integrated circuits to implement a low-cost, low-power, high-performance SuperSpeed USB 3.0 to 802.11ad 60 GHz mmWave system, providing multi-gigabit throughput with the ability to power applications such as wireless AR/VR, wireless displays, wireless docking, and wireless access to the cloud, which can now be much more effective and efficient using WiGig technology.
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Peraso Inc. (NASDAQ: PRSO) announced an 87% sequential and 36% year-over-year increase in total revenue for Q3 2023. The company's GAAP gross margin expanded sequentially to 45.4%, and non-GAAP to 58.0%. The increase in revenue was primarily due to higher margin memory IC products and an increase in sales of millimeter wave (mmWave) products.
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Peraso Inc., a global leader in mmWave technology, will release its Q3 2023 financial results on November 13, 2023. The conference call to discuss the results and business outlook will be held at 2:00 p.m. Pacific Time with CEO Ron Glibbery and CFO Jim Sullivan.
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Peraso Inc. plans to attend and participate in a vendor spotlight speaking session at WISPAPALOOZA '23 to showcase its latest mmWave solutions for Fixed Wireless Access (FWA) and Customer Premise(s) Equipment (CPE). Representatives from Peraso will connect with customers and industry leaders at the event to explore new opportunities. Peraso's fully-integrated solutions deliver reliable multi-gigabit throughput across the mmWave spectrum, making their technology attractive to WISPs of all sizes. The Vendor Spotlight session is scheduled for October 10, 2023.
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FAQ
What is the current stock price of Peraso (PRSO)?
The current stock price of Peraso (PRSO) is $1.88 as of November 1, 2024.
What is the market cap of Peraso (PRSO)?
The market cap of Peraso (PRSO) is approximately 5.0M.
What does Peraso, Inc. specialize in?
Peraso specializes in the design and development of integrated circuits for the 60 GHz wireless marketplace, focusing on consumer electronics including smartphones, tablets, and digital cameras.
What recent projects has Peraso been involved in?
Recent projects include the EtherWave software package, new product launches, end-of-life memory IC programs, and expanding into military tactical communications.
Where does Peraso generate its revenue?
Peraso generates its revenue from key regions including the United States, Hong Kong, Taiwan, and other parts of the world.
What are Peraso's financial highlights for Q1 2024?
Peraso reported a total net revenue of $2.8 million, a GAAP gross margin of 46.4%, and a non-GAAP gross margin of 66.4%, with significant improvements in operating expenses.
What is the EtherWave software package?
The EtherWave software package supports Peraso's 60 GHz IEEE 802.11ad module products and offers cross-platform support for devices running Android, Windows, and Linux.
What market segments does Peraso target?
Peraso targets mobile segments such as smartphones, tablets, and digital cameras, as well as fixed wireless access, immersive video, and factory automation.
Who are some of Peraso's key partners?
Key partners include Miliwave for fixed wireless products and Richardson RFPD for global distribution, among others.
What is Peraso's approach to product design?
Peraso aims to incorporate features critical to the mobile market, including minimal footprint, low power consumption, and competitive price points.
Does Peraso offer opportunities for engineers?
Yes, Peraso offers engineers opportunities to participate in advanced technology development in a dynamic entrepreneurial environment.
How does Peraso ensure secure tactical communications?
Peraso's technology for secure tactical communications includes the PRM2136 module which offers high bandwidth, low latency, and directional beamforming to ensure secure, interference-free connections.
Peraso, Inc.
Nasdaq:PRSO
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