Peraso Stock Price, News & Analysis

Peraso Inc (NASDAQ:PRSO) announces participation in the FWA Summit on December 6, 2022. CEO Ron Glibbery will deliver a keynote on the significance of mmWave technology for fixed wireless access (FWA). The company, a leader in mmWave technology since 2008, emphasizes improvements in the price/performance of 5G mmWave customer premise equipment (CPE), crucial for FWA success. With capabilities across all mmWave communication bands, Peraso aims to meet rising demand in 5G markets. For more, visit www.perasoinc.com.

Peraso Inc. (NASDAQ:PRSO) announced a registered direct offering of 2,450,000 shares at $1.00 per share, raising $2.45 million. This includes pre-funded warrants and a concurrent private placement for 3,675,000 warrants at an exercise price of $1.36. Proceeds will be utilized for 5G product development and general corporate purposes. The offering, facilitated by The Benchmark Company, is expected to close by November 30, 2022. The shares and warrants are part of a shelf registration statement filed with the SEC.

Peraso Inc. (NASDAQ:PRSO), a leader in mmWave technology, will participate in the 11th Annual Discovery Investor Conference hosted by Benchmark Company on December 1, 2022, in New York City. CEO Ron Glibbery and CFO Jim Sullivan will conduct one-on-one meetings with investors. This conference provides a platform for emerging growth companies to connect with institutional investors. To attend, registration is required. Peraso specializes in high-performance 5G mmWave technology, offering solutions for various applications, including fixed wireless access and factory automation.

Peraso Inc. (NASDAQ:PRSO) reported a 63% year-over-year revenue increase, reaching $3.3 million for Q3 2022, despite lower-than-expected results due to delayed revenue recognition on certain orders. The company maintains a record order backlog and strong demand for its mmWave solutions, particularly in the fixed wireless access market. GAAP gross margin improved to 39.3%, while total operating expenses dropped significantly. The outlook for Q4 2022 anticipates revenues between $3.8 million and $4.1 million, excluding $1.1 million from prior shipments.

Peraso Inc. (NASDAQ:PRSO) will release its third quarter 2022 financial results on November 14, 2022, after market close. CEO Ron Glibbery and CFO Jim Sullivan will host a conference call at 2:00 PM PT (5:00 PM ET). Investors can dial in using 1-888-506-0062 (US) or +1-973-528-0011 (international), passcode 360522. An archived webcast will be available post-call on the investor page. Peraso specializes in 5G mmWave technology, providing solutions for various applications such as fixed wireless access and factory automation. For more information, visit perasoinc.com.

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.