Welcome to our dedicated page for Peraso news (Ticker: PRSO), a resource for investors and traders seeking the latest updates and insights on Peraso stock.
Peraso Inc. (NASDAQ: PRSO) is a fabless semiconductor company focused on high-performance 60 GHz unlicensed and 5G mmWave wireless technology. The Peraso news feed on Stock Titan brings together the company’s press releases and related coverage so readers can follow how its mmWave chipsets, antenna modules, software and IP are being applied in real deployments.
Recent Peraso news highlights collaborations and events that illustrate its market focus. The company announced a collaboration with Virewirx Inc., under which Peraso’s 60 GHz Perspectus modules, including the PRM2146X-D, power the VX60 platform for multi-gigabit robotaxi and physical AI connectivity. Peraso has also discussed its role in fixed wireless access and broadband, citing work with partners such as WeLink to expand high-speed connectivity in dense urban areas.
Investors and industry followers can use this page to track Peraso’s participation in sector events and trade shows, such as WISPAPALOOZA and the Africa Tech Festival, where the company showcases its 60 GHz fixed wireless access solutions and its DUNE platform for point-to-multipoint connectivity. News items also cover product spotlights, design wins, tactical communications trials, and updates on Peraso’s mmWave deployments in regions including Africa.
In addition, Peraso’s news includes financial and corporate updates, such as quarterly earnings announcements, conference call details, investor conference presentations, and governance developments like board appointments. Bookmark this page to monitor how Peraso’s mmWave technology, customer collaborations and strategic review process evolve over time.
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.
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.