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) 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.
Peraso Inc. (NASDAQ:PRSO) announced a breakthrough in augmented reality technology through its collaboration with Jorjin Technologies. At COMPUTEX TAIPEI 2022, Jorjin successfully demonstrated its J-Reality J7EF AR Glasses using the Peraso X130 mmWave chipset, designed to enhance seamless wireless video transmission. This partnership will also integrate the chipset into Jorjin's 5G XR Smart Showroom solution, aimed at various applications like Smart Manufacturing and Smart Retail, promising lower latency and improved data communication.
Peraso Inc. (NASDAQ:PRSO) reported a significant financial boost for Q1 2022, with total net revenue of $3.4 million, marking a 205% increase year-over-year. The product revenue reached $3.2 million, driven by higher shipments of mmWave modules and memory IC products. Gross margin improved to 53.3%, up from 43.8% the previous year. Despite the growth, the company faced a GAAP net loss of $6.8 million, although this was an improvement compared to $4.2 million in Q1 2021. Peraso anticipates Q2 revenue between $3.9 million and $4.1 million.
Peraso Inc. (NASDAQ:PRSO) has launched the PRS1520 mmWave beamformer integrated circuit, designed to support 24-44 GHz frequencies and integrate 32 dual-band channels. This advancement is expected to reduce service providers' costs per subscriber significantly. With projections estimating a total addressable market (TAM) of $1.5 billion for mmWave devices by 2025, the PRS1520 targets end-user equipment such as fixed wireless access devices. The product will be available for sampling in Q3 2022, ensuring Peraso remains competitive in the 5G mmWave market.
Peraso Inc. (NASDAQ:PRSO) will present at the Sidoti Micro Cap Virtual Conference on May 11, 2022, at 1:45 p.m. ET. CEO Ron Glibbery and CFO Jim Sullivan will discuss the company's advancements in mmWave technology for 5G networks. Throughout the event, management will also meet with investors. For those interested, a broadcast of the presentation and supporting materials will be accessible on the company's website. Peraso focuses on high-performance wireless technology for various applications, including fixed wireless access and immersive video.
Peraso Inc. (NASDAQ:PRSO) has announced that it will release its Q1 2022 financial results on May 9, 2022, after market closure. A conference call will follow at 1:30 PM PT (4:30 PM ET), led by CEO Ron Glibbery and CFO Jim Sullivan. Investors can access the call through a designated number or via webcast. Additionally, all relevant materials and an archived version of the conference call will be available on the Company's investor relations page post-event. Peraso is recognized for its advanced 5G mmWave technology supporting various applications.
Peraso Inc. (NASDAQ:PRSO) has unveiled its PERSPECTUS family of modules designed for high-capacity Fixed Wireless Access (FWA) in the unlicensed 60 GHz spectrum. This new generation of integrated modules allows for cost-effective network equipment development, supporting link ranges from 1.5 to 30 kilometers. With the WISP market expanding significantly, the PERSPECTUS systems aim to improve customer acquisition costs for service providers. Key features include support for up to 32 endpoints and enhanced 802.11ad protocol for efficient data transmission.
Peraso Inc. (NASDAQ:PRSO) reported its fourth quarter and full year 2021 financial results, showcasing a year-over-year product revenue increase of over 6x. Total net revenue for the fourth quarter was $1.9 million, compared to $5.9 million in Q4 2020. The gross margin fell to 30.4% from 89.2% due to a change in revenue mix. For 2021, total net revenue was $5.7 million, down from $9.1 million in 2020. The company reported a GAAP net loss of $10.9 million for the year. Management remains optimistic about growth opportunities in the mmWave market.
Peraso Inc. (NASDAQ:PRSO) announced it will release its fourth quarter 2021 financial results on March 8, 2022, after market close. CEO Ron Glibbery and CFO Jim Sullivan will lead a live audio webcast at 2:00 p.m. PT (5:00 p.m. ET) to discuss the results. Investors can access a replay of the call until March 15, 2022. Peraso specializes in 5G mmWave wireless technology, providing solutions for applications like fixed wireless access and multi-access edge computing.
Peraso Inc. (NASDAQ:PRSO) announced the launch of its 60 GHz mmWave platform designed for wireless applications in the Metaverse. This platform integrates 60 GHz wireless modules, 802.11ad/ay ICs, advanced phased array antennas, and the Falcon software stack, ensuring multi-gigabit data rates and ultra-low latency. Key features include seamless roaming between access points and support for a high number of simultaneous users. Peraso aims to enhance multi-user experiences in gaming, training, and collaborative environments as demand for Metaverse applications grows.
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