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.
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) 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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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. plans to attend and participate in a vendor spotlight speaking session at WISPAPALOOZA '23 to showcase its latest mmWave solutions for Fixed Wireless Access (FWA) and Customer Premise(s) Equipment (CPE). Representatives from Peraso will connect with customers and industry leaders at the event to explore new opportunities. Peraso's fully-integrated solutions deliver reliable multi-gigabit throughput across the mmWave spectrum, making their technology attractive to WISPs of all sizes. The Vendor Spotlight session is scheduled for October 10, 2023.
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Peraso Inc. and pSemi collaborate with Richardson RFPD to publish new information on their RF solution for 5G mmWave fixed wireless access. The solution uses the Peraso PRS1520 beamformer RFIC and pSemi PE128300 up-down converter. They have demonstrated a cost-efficient solution for n257, n258, and n261 bands. The collaboration shows commitment to partnership and innovation. Meet them at MWC Las Vegas.
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Peraso Inc. has received purchase orders totaling $11.3 million for its memory integrated circuit products. Last-time buys are expected to range from $15 to $20 million, contributing to improved financial results and cash flow. The EOL program is anticipated to generate significant cash flow through 2025.
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Peraso Inc. (NASDAQ:PRSO) will showcase its latest mmWave solutions at Mobile World Congress (MWC) Las Vegas 2023, presenting new partnership opportunities. Peraso's FWA solutions have proven the ability to deliver quality and reliable multi-gigabit performance, comparable to fiber. MWC Las Vegas is the perfect place to highlight their latest technology and capabilities.
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Peraso Inc. (NASDAQ:PRSO) has been invited to participate in a Q&A Panel at Wi-Fi World Congress North America 2023. The panel will discuss the present and future use cases for the 60 GHz band, highlighting Peraso's turnkey solutions. Peraso's technology is gaining traction as mmWave infrastructure deployments increase in demand within the FWA market.
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Peraso Inc. announces the release of the PRM2144X, a mmWave module targeting dense urban areas with a 128-element antenna array. The module enables wireless Internet service providers to deploy long-range, multi-point networks without interference. The increased gain and range also benefit sub-urban and rural deployments. The PRM2144X is now available for sampling.
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Peraso Inc., a leader in mmWave technology, reported financial results for Q2 2023. Total net revenue was $2.4 million, a decrease from the previous quarter and the same quarter last year. Product revenue was $2.2 million. GAAP gross margin was 25.3%, and non-GAAP gross margin was 45.9%. Operating expenses were $5.6 million on a GAAP basis and $4.1 million on a non-GAAP basis. The company had cash, cash equivalents, and short-term investments of $2.7 million. GAAP net loss was $4.1 million, and non-GAAP net loss was $3.0 million. The company is exploring strategic alternatives to maximize stockholder value.
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Peraso Inc.
Nasdaq:PRSO
PRSO Rankings
PRSO Stock Data
4.01M
1.81M
4.96%
13.41%
5.89%
Semiconductor and Related Device Manufacturing
Manufacturing
United States of America
SAN JOSE