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Peraso Inc - PRSO STOCK NEWS

Welcome to our dedicated news page for Peraso (Ticker: PRSO), a resource for investors and traders seeking the latest updates and insights on Peraso.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Peraso's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Peraso's position in the market.

Rhea-AI Summary
Peraso Inc. (NASDAQ:PRSO) announces the availability of EtherWaveTM software supporting 60 GHz IEEE 802.11ad modules for multi-gigabit connectivity. The software enables cross-platform support for Android, Windows, and Linux devices. EtherWave utilizes CDC NCM interface for efficient data transport over USB, eliminating the need for device-specific drivers. The pre-release testing shows promising results with nearly 2Gbps throughput and enhanced security features. General availability for Android is expected by Q2 2024.
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Peraso Inc. (NASDAQ:PRSO) announced the closing of an underwritten public offering of common stock, pre-funded warrants, Series A warrants, and Series B warrants, raising approximately $4.172 million in gross proceeds. The offering included a total of 562,500 shares of common stock and warrants to purchase additional shares. Ladenburg Thalmann & Co. Inc. acted as the sole book-running manager for the offering. The net proceeds will be used to fund operations and for working capital and general corporate purposes.
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Rhea-AI Summary
Peraso Inc. (NASDAQ:PRSO) has announced the pricing of its underwritten public offering of shares of common stock, pre-funded warrants, Series A warrants, and Series B warrants. Ladenburg Thalmann & Co. Inc. is acting as the sole book-running manager for the Offering. Each share of common stock and each pre-funded warrant is being sold together with one Series A warrant to purchase two shares of common stock and one Series B warrant to purchase two shares of common stock. The Series A warrants have an exercise price of $2.25 per share and will expire five years following the date of issuance. The Series B warrants have an exercise price of $2.25 per share and will expire six months following the date of issuance. The pre-funded warrants will be immediately exercisable at a nominal exercise price of $0.001 per share. The combined public offering price of each share of common stock, together with the accompanying Series A warrant and Series B warrant, is $2.10, less underwriting discounts and commissions. The combined public offering price of a pre-funded warrant, together with the accompanying Series A warrant and Series B warrant, is $2.099, less underwriting discounts and commissions. The Offering is expected to close on or before February 10, 2024.
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-42.62%
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offering
Rhea-AI Summary
Peraso Inc. (NASDAQ:PRSO) announced the first purchase order for its Perspectus mmWave antenna modules, validating its ability to deliver affordable gigabit wireless to underserved markets. The DUNE platform implements intelligent Media Access Control features, enabling wireless Internet service provider (WISP) operators to deploy long-range, multi-point networks without interference in dense user environments. Peraso's latest mmWave antenna module, the PRM2144X, is specifically designed for dense urban areas, providing high gain, narrow beamwidth, and extremely low antenna side-lobes. The increased gain and range also benefit suburban and rural deployments, eliminating the need for dish antennas in many cases.
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-9.75%
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Rhea-AI Summary
Peraso Inc. (NASDAQ:PRSO) has regained compliance with the Nasdaq Capital Market's minimum bid price continued listing requirement, with a closing bid price of its common stock in excess of the $1.00 minimum requirement for the last 10 consecutive trading days.
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5.8%
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Peraso Inc. (NASDAQ:PRSO) announced the commercial availability of its DUNE platform for Fixed Wireless Access, addressing network access problems in urban areas. The platform expands the capabilities of their 60 GHz mmWave hardware to provide multi-gigabit connectivity in high population density environments. Peraso expects to leverage DUNE to increase sales of its Perspectus family of mmWave modules for FWA.
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-13.68%
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Peraso Inc. (NASDAQ:PRSO) announces a 1-for-40 reverse stock split of its outstanding common stock to increase the per share trading price and satisfy the $1.00 minimum bid price requirement for continued listing on Nasdaq.
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4.55%
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Rhea-AI Summary
Peraso Inc. (NASDAQ: PRSO) announced a new customer engagement, demonstrating the Company's ability to expand into new, high-growth consumer markets. The partnership involves the X130 chipset replacing the customer's current solution for wireless video distribution for indoor applications. The X130 offers support for high bandwidth, low latency applications, and circumvents Wi-Fi network congestion using mmWave technology. Peraso's X130 chipset employs the PRS1145 and PRS4601 integrated circuits to implement a low-cost, low-power, high-performance SuperSpeed USB 3.0 to 802.11ad 60 GHz mmWave system, providing multi-gigabit throughput with the ability to power applications such as wireless AR/VR, wireless displays, wireless docking, and wireless access to the cloud, which can now be much more effective and efficient using WiGig technology.
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16.67%
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Rhea-AI Summary
Peraso Inc. (NASDAQ: PRSO) announced an 87% sequential and 36% year-over-year increase in total revenue for Q3 2023. The company's GAAP gross margin expanded sequentially to 45.4%, and non-GAAP to 58.0%. The increase in revenue was primarily due to higher margin memory IC products and an increase in sales of millimeter wave (mmWave) products.
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-4.17%
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Rhea-AI Summary
Peraso Inc., a global leader in mmWave technology, will release its Q3 2023 financial results on November 13, 2023. The conference call to discuss the results and business outlook will be held at 2:00 p.m. Pacific Time with CEO Ron Glibbery and CFO Jim Sullivan.
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Peraso Inc

Nasdaq:PRSO

PRSO Rankings

PRSO Stock Data

2.36M
263.89k
7.95%
21.53%
2.33%
Semiconductor and Related Device Manufacturing
Manufacturing
Link
US
San Jose

About PRSO

peraso is a fabless semiconductor company specializing in the development of integrated circuits for the 60 ghz wireless marketplace. peraso’s goal is to provide best in class products for the consumer electronics (ce) market in general, and specifically to the mobile segment, including smartphones, tablets, and digital cameras. as such, peraso endeavors to incorporate features critical to the mobile market in our products, including minimal footprint, low power consumption and competitive price points. peraso offers exciting new challenges in a dynamic entrepreneurial environment. peraso offers engineers an opportunity to participate in some of the most advanced technology development in the world. specialties include millimeter wave 60 ghz wireless circuit design, advanced antenna and phased array design, advanced packaging design, high speed mixed signal and digital design, phy/mac architecture development and real-time software development. peraso is practicing true state-of-the-ar