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. (PRSO) is a leader in mmWave wireless solutions powering next-gen connectivity across mobile, fixed wireless, and defense applications. This page aggregates all official announcements, financial disclosures, and strategic developments for stakeholders tracking semiconductor innovation.
Access timely updates including quarterly earnings, product launches, technology partnerships, and management commentary. Our curated feed ensures investors and industry professionals stay informed about PRSO's advancements in 60 GHz chipsets, phased-array antennas, and 5G infrastructure solutions.
Key coverage areas: Financial results with market context, mmWave technology milestones, strategic collaborations in consumer electronics and defense sectors, and intellectual property developments. Content is verified against original SEC filings and company communications.
Bookmark this page for efficient tracking of Peraso's progress in enabling high-speed wireless networks and compact semiconductor designs. Check regularly for material updates impacting the fabless semiconductor sector and adjacent connectivity markets.
Peraso (NASDAQ:PRSO) reported strong Q4 2024 financial results with total revenue of $3.7 million, marking a 100% year-over-year increase. The company achieved significant margin expansion, with GAAP gross margin reaching 56.3% and non-GAAP gross margin at 71.6%.
Key highlights include a recent $3.6 million purchase order for mmWave devices expected to be fulfilled in 2025, and increased demand for fixed wireless access (FWA) deployments. The company's Q4 GAAP net loss improved to $1.6 million ($0.37 per share) compared to $8.9 million ($12.48 per share) in Q4 2023.
For full-year 2024, total revenue was $14.6 million with a GAAP net loss of $10.7 million. Looking ahead, Peraso expects Q1 2025 revenue between $3.6-4.0 million, with mmWave revenue projected to exceed full-year 2024 levels.
Peraso Inc (NASDAQ:PRSO) has secured a significant $3.6 million purchase order for its mmWave devices from a leading wireless networking systems provider specializing in fixed wireless access. The company plans to begin shipments in Q2 2025, with complete fulfillment expected throughout 2025.
The order represents a positive signal that the inventory correction affecting customers over recent years is concluding. Peraso's mmWave technology, operating in the unlicensed 60 GHz band, offers enhanced performance in dense urban environments where traditional 5 GHz/6 GHz licensed devices face interference and congestion challenges.
The technology is particularly valuable in North American urban centers where fiber infrastructure deployment or retrofitting can be expensive and time-consuming. Peraso reports current deployments in cities like Los Angeles and anticipates continued expansion across multiple regional locations.
Peraso Inc. (NASDAQ: PRSO), a pioneer in mmWave wireless technology solutions, has scheduled the release of its fourth quarter and full year 2024 financial results on Wednesday, March 19, 2025, after market close.
The company will host a conference call at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) to discuss the results and business outlook. The call will be accessible via webcast and through dial-in numbers, with replay available until April 2, 2025.
Peraso Inc. (NASDAQ:PRSO), a pioneer in mmWave wireless technology solutions, announced that CEO Ron Glibbery was featured on The Street Reports Podcast discussing the company's technology applications. The interview covered key areas including fixed wireless access (FWA) utilizing both 60 GHz unlicensed and 5G spectrum, AI-driven-connectivity, and military applications.
Peraso specializes in multi-gigabit, long-range, 60 GHz unlicensed mmWave wireless technology, providing chipsets, modules and software solutions. The company has over a decade of experience in shipping mmWave semiconductor products, with their solutions being deployed globally across various applications amid growing demand for mmWave technology.
Peraso Inc. (NASDAQ: PRSO), a pioneer in mmWave wireless technology solutions, has announced its participation in the Benchmark Company's 13th Annual Discovery Investor Conference. The event is scheduled for December 11, 2024, at the New York Athletic Club in New York City. CEO Ron Glibbery and CFO Jim Sullivan will be available for one-on-one meetings with analysts and investors throughout the conference day.
The conference provides opportunities for in-person meetings with micro- and small-cap public companies. Interested attendees can schedule meetings with Peraso management through the registration process.
Peraso Inc. (NASDAQ:PRSO) reported Q3 2024 financial results with total net revenue of $3.8 million, down from $4.2 million in Q2 and $4.5 million year-over-year. The company achieved a GAAP gross margin of 47.0% and reduced operating expenses by nearly 20% year-over-year. GAAP net loss was $2.7 million ($0.98 per share). The company secured a $1.4 million follow-on order from a South African WISP and new orders for military applications. Through warrant exercises, Peraso raised approximately $2.9 million in gross proceeds. Q4 2024 revenue guidance is set at $3.6-4.0 million.
Peraso Inc. (NASDAQ:PRSO) announced its participation in the 2024 AfricaTech Festival in Cape Town, South Africa, November 11-14, 2024. The company will showcase its 60 GHz Fixed Wireless Access (FWA) mmWave technology at booth #D2 in the Canadian Pavilion. Peraso's technology aims to address broadband connectivity demands in Africa, offering high-performance, ultra-low-latency solutions for both rural and dense urban environments. As one of the few providers of solutions across all mmWave communication bands (24GHz - 71GHz), Peraso's unlicensed 60GHz solutions are currently deployed worldwide, including Africa, supporting various applications in the growing FWA market.
Peraso announced the exercise of Series B warrants to purchase 2,246,030 shares of common stock at a reduced price of $1.30 per share, expecting to raise $2.9 million in gross proceeds. In exchange, the company will issue new unregistered Series C and D warrants to purchase up to 2,246,030 shares each at $1.61 per share. The Series C warrants have a 6-month term while Series D warrants extend to 5 years. Additionally, Peraso reduced the exercise price to $1.30 for non-participating warrant holders until November 8, 2024. The proceeds will be used for working capital and general corporate purposes.
Peraso Inc. (NASDAQ:PRSO) announces that SAF Tehnika has launched FreeMile 60, a fixed wireless access radio using Peraso's Perspectus mmWave modules with X720 chipset. Operating in the unlicensed 60 GHz band, FreeMile features a 90-degree multipoint setup for wireless Internet service providers to maximize network coverage. The product has received FCC and CE certification and is immediately available in North America and Europe through SAF's distribution network. The solution aims to address the growing demand for alternative broadband platforms in the $3.4B addressable market.
Peraso Inc. (NASDAQ:PRSO), a leader in mmWave technology for 60 GHz unlicensed and 5G licensed networks, will release its Q3 2024 financial results on Tuesday, November 12, 2024, after market close. The announcement will be followed by a conference call at 2:00 p.m. Pacific Time to discuss results and business outlook. An archived webcast and conference call replay will be available through November 26, 2024, with supporting materials posted on the company's investor relations website.
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