Peraso - PRSO STOCK NEWS

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.