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) 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.
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.
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