Peraso Stock Price, News & Analysis

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.

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.