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) announces participation in the FWA Summit on December 6, 2022. CEO Ron Glibbery will deliver a keynote on the significance of mmWave technology for fixed wireless access (FWA). The company, a leader in mmWave technology since 2008, emphasizes improvements in the price/performance of 5G mmWave customer premise equipment (CPE), crucial for FWA success. With capabilities across all mmWave communication bands, Peraso aims to meet rising demand in 5G markets. For more, visit www.perasoinc.com.
Peraso Inc. (NASDAQ:PRSO) announced a registered direct offering of 2,450,000 shares at $1.00 per share, raising $2.45 million. This includes pre-funded warrants and a concurrent private placement for 3,675,000 warrants at an exercise price of $1.36. Proceeds will be utilized for 5G product development and general corporate purposes. The offering, facilitated by The Benchmark Company, is expected to close by November 30, 2022. The shares and warrants are part of a shelf registration statement filed with the SEC.
Peraso Inc. (NASDAQ:PRSO), a leader in mmWave technology, will participate in the 11th Annual Discovery Investor Conference hosted by Benchmark Company on December 1, 2022, in New York City. CEO Ron Glibbery and CFO Jim Sullivan will conduct one-on-one meetings with investors. This conference provides a platform for emerging growth companies to connect with institutional investors. To attend, registration is required. Peraso specializes in high-performance 5G mmWave technology, offering solutions for various applications, including fixed wireless access and factory automation.
Peraso Inc. (NASDAQ:PRSO) reported a 63% year-over-year revenue increase, reaching $3.3 million for Q3 2022, despite lower-than-expected results due to delayed revenue recognition on certain orders. The company maintains a record order backlog and strong demand for its mmWave solutions, particularly in the fixed wireless access market. GAAP gross margin improved to 39.3%, while total operating expenses dropped significantly. The outlook for Q4 2022 anticipates revenues between $3.8 million and $4.1 million, excluding $1.1 million from prior shipments.
Peraso Inc. (NASDAQ:PRSO) will release its third quarter 2022 financial results on November 14, 2022, after market close. CEO Ron Glibbery and CFO Jim Sullivan will host a conference call at 2:00 PM PT (5:00 PM ET). Investors can dial in using 1-888-506-0062 (US) or +1-973-528-0011 (international), passcode 360522. An archived webcast will be available post-call on the investor page. Peraso specializes in 5G mmWave technology, providing solutions for various applications such as fixed wireless access and factory automation. For more information, visit perasoinc.com.
Peraso Inc. (NASDAQ:PRSO) has appointed Mark Lunsford as its new Chief Revenue Officer, enhancing its leadership team amid growing demand for 5G mmWave technology. Lunsford has extensive experience in driving sales and developing strategic partnerships at emerging tech firms and semiconductor companies. CEO Ron Glibbery expressed confidence in Lunsford's ability to convert advanced technology into lucrative sales pipelines. Peraso, known for its innovative wireless solutions, aims to leverage Lunsford’s expertise to capitalize on significant market opportunities.
Peraso Inc. (NASDAQ: PRSO) is set to unveil its new 5G mmWave module at two major events: European Microwave Week (EuMW) 2022 in Milan, September 25-30, and Mobile World Congress (MWC) Las Vegas, September 28-30. The demonstration will occur at the Richardson RFPD booth #C28. Ron Glibbery, CEO, emphasized the company's commitment to enhancing 5G technology, highlighting its efficiency and integration capabilities. Peraso's products cater to fixed wireless access and edge computing solutions, marking a pivotal expansion in its market reach.
Peraso reported a 25% sequential increase in total revenue for Q2 2022, reaching $4.3 million, driven by robust product revenue growth, particularly in mmWave technology for the fixed wireless access market. The company signed a global distribution deal with Richardson RFPD and licensed technology from Intel, expecting $3.5 million in proceeds. However, gross margin fell to 35%, while operating expenses increased to $8.5 million. Despite these costs, new purchase orders of $6.4 million indicate strong demand for their modules, reinforcing growth expectations for the latter part of the year.
Peraso Inc. (NASDAQ:PRSO) announced receiving purchase orders worth $6.4 million from major Fixed Wireless Access customers. These orders encompass Peraso's mmWave silicon and PERSPECTUS™ modules, designed to facilitate high-bandwidth connectivity and multi-gigabit access. Deliveries are set to begin in late Q3 2022 and extend into 2023. CEO Ron Glibbery highlighted the significance of these orders as evidence of market demand for their comprehensive mmWave solutions.
Peraso Inc. (NASDAQ:PRSO) plans to release its second quarter 2022 financial results on August 15, 2022, after market close. CEO Ron Glibbery and CFO Jim Sullivan will host a conference call at 2:00 p.m. PT (5:00 p.m. ET) to discuss the results. Investors can join the call by dialing 1-888-506-0062 or +1-973-528-0011 internationally, using the passcode 318507. An archived webcast will also be available through the company's investor page.
FAQ
What is the current stock price of Peraso (PRSO)?
What is the market cap of Peraso (PRSO)?
What is the core business of Peraso Inc.?
Which industries does Peraso target?
How does Peraso generate its revenue?
What technologies underpin Peraso’s product offerings?
What advantages does the fabless model offer Peraso?
How does Peraso maintain its competitive edge in the market?
What are some key application areas for Peraso’s mmWave solutions?
