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Peraso, Inc. - PRSO STOCK NEWS

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.

Rhea-AI Summary
Peraso Inc. and pSemi collaborate with Richardson RFPD to publish new information on their RF solution for 5G mmWave fixed wireless access. The solution uses the Peraso PRS1520 beamformer RFIC and pSemi PE128300 up-down converter. They have demonstrated a cost-efficient solution for n257, n258, and n261 bands. The collaboration shows commitment to partnership and innovation. Meet them at MWC Las Vegas.
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Peraso Inc. has received purchase orders totaling $11.3 million for its memory integrated circuit products. Last-time buys are expected to range from $15 to $20 million, contributing to improved financial results and cash flow. The EOL program is anticipated to generate significant cash flow through 2025.
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Peraso Inc. (NASDAQ:PRSO) will showcase its latest mmWave solutions at Mobile World Congress (MWC) Las Vegas 2023, presenting new partnership opportunities. Peraso's FWA solutions have proven the ability to deliver quality and reliable multi-gigabit performance, comparable to fiber. MWC Las Vegas is the perfect place to highlight their latest technology and capabilities.
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Peraso Inc. (NASDAQ:PRSO) has been invited to participate in a Q&A Panel at Wi-Fi World Congress North America 2023. The panel will discuss the present and future use cases for the 60 GHz band, highlighting Peraso's turnkey solutions. Peraso's technology is gaining traction as mmWave infrastructure deployments increase in demand within the FWA market.
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Peraso Inc. announces the release of the PRM2144X, a mmWave module targeting dense urban areas with a 128-element antenna array. The module enables wireless Internet service providers to deploy long-range, multi-point networks without interference. The increased gain and range also benefit sub-urban and rural deployments. The PRM2144X is now available for sampling.
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Peraso Inc., a leader in mmWave technology, reported financial results for Q2 2023. Total net revenue was $2.4 million, a decrease from the previous quarter and the same quarter last year. Product revenue was $2.2 million. GAAP gross margin was 25.3%, and non-GAAP gross margin was 45.9%. Operating expenses were $5.6 million on a GAAP basis and $4.1 million on a non-GAAP basis. The company had cash, cash equivalents, and short-term investments of $2.7 million. GAAP net loss was $4.1 million, and non-GAAP net loss was $3.0 million. The company is exploring strategic alternatives to maximize stockholder value.
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Peraso Inc. has received a 180-day extension from Nasdaq to regain compliance with the minimum bid price requirement. If the bid price of the company's common stock closes at $1.00 per share or more for a minimum of 10 consecutive business days before January 29, 2024, compliance will be regained. However, failure to meet the requirement may result in delisting. The company will continue to monitor the stock price and explore options to regain compliance.
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Peraso Inc. (NASDAQ: PRSO) to Release Q2 2023 Financial Results on August 14, 2023, Followed by Conference Call with CEO and CFO
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Peraso Inc. and Jaguar Wave announce production readiness of the JW-PTP6150/51 product family, a new Point-to-Point and Point-to-Multipoint solution for 60GHz unlicensed Fixed Wireless Access networks. The products are designed for harsh outdoor environments and offer high reliability and low latency. Peraso's mmWave technology enables symmetrical 1 Gigabit wireless solutions.
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FAQ

What is the current stock price of Peraso (PRSO)?

The current stock price of Peraso (PRSO) is $1.61 as of November 4, 2024.

What is the market cap of Peraso (PRSO)?

The market cap of Peraso (PRSO) is approximately 4.4M.

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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2.75M
7.68%
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6.59%
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