Peraso

Peraso, Inc. engages in the development and sale of semiconductor devices and modules based on its proprietary semiconductor devices and performance of non-recurring engineering, services and licensing of intellectual property. It operates through the following geographical segments: North America, Hong Kong, Taiwan, and Rest of World. The company was founded in 1991 and is headquartered in San Jose, CA.

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Peraso surpasses Q1 revenue targets, poised for growth in 2024

Peraso Inc. delivered strong Q1 2024 results, exceeding revenue guidance and showing improvements in financial metrics. The company's focus on expanding customer base, securing design wins, and launching new products positions it for sustained growth in 2024.

Peraso exceeds revenue targets, eyes market expansion for growth

Peraso's Q2 2024 performance reflects strong revenue growth, margin expansion, and strategic product developments, signaling positive momentum.
While facing profitability challenges and liquidity concerns, the company's focus on operational efficiency and market expansion presents growth opportunities.
Overall, Peraso's outlook for revenue growth, product expansion, and backlog fulfillment indicates a path towards sustained financial improvement.

Peraso reports steady Q3 revenue, eyes growth in defense sector

Peraso's Q3 performance showed revenue meeting targets, cost efficiencies, and product shipment growth.
While facing challenges of losses and liquidity, the company's strengths lie in market traction and diversification.
Opportunities in revenue growth, new market segments, and financial injections position Peraso for future success.

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SAN JOSE, CA / ACCESSWIRE / July 29, 2024 / Peraso Inc. (NASDAQ:PRSO) ("Peraso" or the "Company"), a global leader in mmWave technology for 60 GHz unlicensed and 5G licensed networks, today announced that Tachyon Networks Inc. ("Tachyon Networks") is expanding its range of high-gain antenna kits to enhance its TNA-303X 60GHz terminal, which is powered by Peraso's mmWave Perspectus modules and X720 chipset. Tachyon Network's kits, operating in the license-free 60GHz band, extend the operational range for multi-gigabit data connectivity and address the growing demand for reliable broadband solutions.

Tachyon Networks Announces New Fixed Wireless Products Based on Peraso 60 GHz mmWave Technology

Stronger Than Anticipated Revenue Included First Volume Production Order for mmWave DUNE Platform Solution SAN JOSE, CA / ACCESSWIRE / July 16, 2024 / Peraso Inc. (NASDAQ:PRSO) ("Peraso" or the "Company"), a global leader in mmWave technology for 60 GHz unlicensed and 5G licensed networks, today announced preliminary revenue results for the second quarter ended June 30, 2024. Total net revenue for the second quarter is anticipated to be approximately $4.2 million, exceeding the Company's previous guidance of revenue to range between $3.7 million and $4.0 million.

Peraso Announces Preliminary Second Quarter 2024 Revenue Results Above Guidance

SAN JOSE, CA / ACCESSWIRE / June 10, 2024 / Peraso Inc. (NASDAQ:PRSO) ("Peraso"), a global leader in mmWave technology for 60 GHz unlicensed and 5G licensed networks, today announced Ron Glibbery, CEO, and Jim Sullivan, CFO, will participate at the 16th Annual CEO Investor Summit 2024, being held Wednesday, July 10th at the St. Regis Hotel, San Francisco, CA. The presentation material utilized during the CEO Investor Summit will be made accessible on the Events page of the Company's website.

Peraso To Participate at the 16th Annual CEO Investor Summit 2024

SAN JOSE, CA / ACCESSWIRE / June 4, 2024 / Peraso Inc. (NASDAQ:PRSO) ("Peraso" or the "Company"), a global leader in mmWave technology, is proud to announce that it has achieved ISO 9001:2015 certification, underscoring the Company's commitment to quality and customer satisfaction in the design and manufacture of its innovative mmWave products and solutions. ISO 9001:2015 is an internationally recognized quality management standard developed by the International Organization for Standardization (ISO).

Peraso Achieves ISO 9001:2015 Certification for Suite of mmWave Solutions

Peraso Inc. (NASDAQ:PRSO ) Q1 2024 Earnings Call Transcript May 13, 2024 5:00 PM ET Company Participants Jim Sullivan - CFO Ron Glibbery - CEO Conference Call Participants David Williams - Benchmark Kevin Liu - K. Liu & Company Jon Hickman - Ladenburg Operator Good afternoon and welcome to Peraso Inc.'s first quarter 2024 conference call.

Peraso Inc. (PRSO) Q1 2024 Earnings Call Transcript

Peraso (PRSO) came out with a quarterly loss of $0.83 per share versus the Zacks Consensus Estimate of a loss of $1.26. This compares to loss of $3.60 per share a year ago.

Peraso (PRSO) Reports Q1 Loss, Tops Revenue Estimates

Total Revenue Increased 54% Sequentially; GAAP Gross Margin Expanded to 46.4%, Non-GAAP to 66.4% SAN JOSE, CA / ACCESSWIRE / May 13, 2024 / Peraso Inc. (NASDAQ:PRSO) ("Peraso" or the "Company"), a global leader in mmWave technology for 60 GHz unlicensed and 5G licensed networks, today announced financial results for the first quarter ended March 31, 2024. Management Commentary "First quarter revenue increased sequentially and was above the midpoint of guidance, driven by increased product shipments," stated Ron Glibbery, CEO of Peraso.

Peraso Announces First Quarter 2024 Results

SAN JOSE, CA / ACCESSWIRE / April 30, 2024 / Peraso Inc. (NASDAQ:PRSO) ("Peraso" or the "Company"), a global leader in mmWave technology for 60 GHz unlicensed and 5G licensed networks, today announced the Company will release its first quarter 2024 financial results on Monday, May 13, 2024, after the market close, followed by a conference call at 2:00 p.m. Pacific Time with Ron Glibbery, CEO, and Jim Sullivan, CFO, to discuss the Company's results and business outlook.

Peraso to Announce First Quarter 2024 Financial Results

Panasonic Holdings Corp

Peraso Inc (NASDAQ: PRSO) is up close to 40% on Tuesday after announcing a new deal with Panasonic System Networks. Here's what it means for Peraso stock Panasonic has agreed to use the X710 chipset of $PRSO in its 60GHz WLAN solution, as per a press release this morning.

Peraso stock ($PRSO) soars 40% on Panasonic deal

Peraso (NASDAQ: PRSO ) stock is on the rise Tuesday after the semiconductor company announced the adoption of its X710 chipset by Panasonic's (OTCMKTS:PCRHY) System Networks R&D Lab. According to a news release, Panasonic will be using the X710 chipset for its new 60GHz WLAN solution.

Why Is Peraso (PRSO) Stock Up 53% Today?

SAN JOSE, CA / ACCESSWIRE / April 16, 2024 / Peraso Inc. (NASDAQ:PRSO) ("Peraso") is pleased to announce that Panasonic System Networks R&D Lab. Co., Ltd.

Panasonic Introduces New mmWave Wi-Fi Solution Utilizing Peraso's X710 Chipset Technology

After losing some value lately, a hammer chart pattern has been formed for Peraso (PRSO), indicating that the stock has found support. This, combined with an upward trend in earnings estimate revisions, could lead to a trend reversal for the stock in the near term.

Peraso (PRSO) Could Find a Support Soon, Here's Why You Should Buy the Stock Now

SAN JOSE, CA / ACCESSWIRE / April 4, 2024 / Peraso Inc. (NASDAQ:PRSO) ("Peraso" or the "Company"), a leader in mmWave technology for 60GHz license-free and 5G licensed networks, today announced the Company received an additional purchase order totaling $2.88 million. This non-cancelable order represents incremental last-time buys associated with the previously announced end-of-life ("EOL") program for the Company's memory integrated circuit products ("memory IC products").

Peraso Receives Additional EOL Purchase Order Totaling $2.88 Million

Technology highlights new market growth opportunities for Peraso's portfolio in mission-critical applications SAN JOSE, CA / ACCESSWIRE / March 26, 2024 / Peraso Inc., (NASDAQ:PRSO) ("Peraso" or the "Company") today announced a new wireless platform utilizing the Company's proven mmWave product line for secure tactical communications. This new solution creates an opportunity for Peraso to expand into new markets while also showcasing the practical application benefits of 60 GHz mmWave within the defense sector.

Peraso Announces mmWave Platform For Stealthy Tactical Communications

Peraso (PRSO) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).

What Makes Peraso (PRSO) a New Buy Stock

Peraso Inc. (PRSO) Q4 2023 Earnings Call Transcript

SAN JOSE, CA / ACCESSWIRE / March 18, 2024 / Peraso Inc. (NASDAQ:PRSO) ("Peraso" or the "Company"), a global leader in mmWave technology for 60 GHz unlicensed and 5G licensed networks, today announced financial results for the fourth quarter and full year ended December 31, 2023. Management Commentary "Consistent with our prior expectations, product revenue for the fourth quarter reflected the ongoing inventory correction in the market for our mmWave products, as well as the non-linear timing of end-of-life shipments for our memory IC products," commented Ron Glibbery, CEO of Peraso.

Peraso Announces Fourth Quarter and Full Year 2023 Results

SAN JOSE, CA / ACCESSWIRE / March 14, 2024 / Peraso Inc. (NASDAQ:PRSO) ("Peraso" or the "Company"), a global leader in mmWave technology, is pleased to announce that Miliwave Co., Ltd. ("Miliwave") announced new Fixed Wireless products using Peraso's X720 chipset at this year's WISPAMERICA OKC conference in Oklahoma City.

Miliwave Announces New Fixed Wireless Products based on Peraso 60 GHz mmWave Technology

SAN JOSE, CA / ACCESSWIRE / March 13, 2024 / Peraso Inc. (NASDAQ:PRSO) ("Peraso" or the "Company"), a global leader in mmWave technology for 60 GHz unlicensed and 5G licensed networks, today announced the Company will release its fourth quarter 2023 financial results on Monday, March 18, 2024, after the market close, followed by a conference call at 2:00 p.m. Pacific Time with Ron Glibbery, CEO, and Jim Sullivan, CFO, to discuss the Company's results and business outlook.

Peraso to Announce Fourth Quarter and Full Year 2023 Financial Results

SAN JOSE, CA / ACCESSWIRE / February 27, 2024 / Peraso Inc. (NASDAQ:PRSO) ("Peraso" or the "Company"), a global leader in mmWave technology for 60 GHz unlicensed and 5G licensed networks, today announced its plans to attend and participate in an "animal farm" speaking session at WISPAMERICA OKC to showcase Peraso's latest mmWave solutions for Fixed Wireless Access (FWA). The WISPAMERICA "animal farm" speaking session, featuring Peraso leaders Mike Hamilton Vice President, Business Development and Dr. Nadine Hatto, Senior Director, Product Marketing, will discuss "Meeting Fiber Head On: A Look at the Benefits of Unlicensed 60GHz For Gigabit Access.

Peraso to Attend and Participate at WISPAMERICA OKC

SAN JOSE, CA / ACCESSWIRE / February 20, 2024 / Peraso Inc. (NASDAQ:PRSO) ("Peraso" or the "Company"), a leader in mmWave technology, today announced the scheduled availability of its EtherWaveTM software package supporting the Company's 60 GHz IEEE 802.11ad module products. This solution provides cross platform support, enabling the modules to be used with host devices running Android, Windows and Linux.

Peraso Announces EtherWave - a Driverless Solution for Android Mobile Platforms

Jaguar Wave Begins Live Field Trials of mmWave Radio Product Line for Rail Communications. SAN JOSE, CA / ACCESSWIRE / February 13, 2024 / Peraso Inc., (NASDAQ:PRSO) ("Peraso" or the "Company"), today announced that Jaguar Wave Technology has begun live field trials of a 60 GHz mmWave radio system on a major Chinese railway system in central-western China.

Peraso mmWAVE Enables High Speed Train-to-Station Communication on Chinese Rail System

SAN JOSE, CA / ACCESSWIRE / February 8, 2024 / Peraso Inc. (NASDAQ:PRSO) ("Peraso" or the "Company"), a leader in mmWave technology, today announced the closing of its previously announced underwritten public offering of common stock, pre-funded warrants, Series A warrants and Series B warrants for gross proceeds of approximately $4.172 million, prior to deducting underwriting discounts and commissions and offering expenses. The offering proceeds include partial exercise of the underwriter's over-allotment option to purchase additional shares of common stock, Series A warrants and Series B warrants (the "Offering").

Peraso Announces Closing of $4.172 Million Underwritten Public Offering, Including Partial Exercise of Overallotment Option

SAN JOSE, CA / ACCESSWIRE / February 6, 2024 / Peraso Inc. (NASDAQ:PRSO) ("Peraso" or the "Company"), a leader in mmWave technology, today announced the pricing of its underwritten public offering of 480,000 shares of common stock, pre-funded warrants to purchase up to 1,424,760 shares of common stock, Series A warrants to purchase up to 3,809,520 shares of common stock and Series B warrants to purchase up to 3,809,520 shares of common stock (the "Offering"). Ladenburg Thalmann & Co. Inc. is acting as the sole book-running manager for the Offering.

Peraso Announces Pricing of $4 Million Underwritten Public Offering

Peraso (NASDAQ: PRSO ) stock is falling on Tuesday after the fabless semiconductor company announced details for a proposed public offering of its shares. According to a filing from Peraso, it intends to offer 1,046,511 shares of PRSO stock.

News for Peraso Stock (PRSO)