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.
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.
Peraso Inc. (NASDAQ:PRSO) announced that Knowledge Resources GmbH is utilizing its Bandwidth Engine 3 (BE-3) memory solution for the KRM-20MSX FPGA acceleration card. This module is showcased at Embedded World 2022 in Germany. The BE-3 provides high-performance SRAM with embedded functions, enhancing the Xilinx Versal Premium VP1202 FPGA capabilities. The BE-3 offers remarkable transaction speeds and flexibility, facilitating advanced applications in memory transactions.
Peraso Inc. (NASDAQ:PRSO) announced a global distribution agreement with Richardson RFPD, enhancing its reach in the 5G mmWave technology market. The agreement allows Richardson RFPD to sell Peraso's RF products, including the PERSPECTUS™ and PRO modules, which operate in the unlicensed 57-71 GHz V-band spectrum, facilitating rapid deployment for various applications like Fixed Wireless and Immersive Video. CEO Ron Glibbery highlighted Richardson's technical support and expertise in system integration, which adds significant value to customer interactions.
Peraso Inc. (NASDAQ:PRSO) announced its participation in two upcoming investor conferences. The Loop Capital Markets' 2022 Investor Conference will be held virtually on June 1, featuring 1x1 meetings with investors. The LD Micro Invitational XII Conference takes place on June 8 at the Four Seasons Hotel in Westlake Village, CA, with a presentation at 9:30 a.m. PT and additional 1x1 meetings. Investors can access a live webcast of the presentation on the company's website.
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