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 Inc. (NASDAQ:PRSO), a leader in mmWave technology, announced its participation in Futurecom 2024 in Sao Paulo, Brazil, from October 8-10, 2024. The company will showcase its Dense Urban Network Environment (D.U.N.E.) solutions and advocate for mmWave Fixed Wireless Access (FWA) in densely populated areas.
Peraso will be part of the Canadian Pavilion at booth #F120, hosted by the Canadian Trade Commissioner Service. CEO Ron Glibbery expressed excitement about the opportunity to showcase Canada's technology ecosystem and explore new opportunities in the Brazilian market.
As a pioneer in high-performance mmWave phased array solutions, Peraso offers technology for all mmWave communication bands (24GHz - 71GHz). Their fully integrated, unlicensed 60GHz solutions are important for bringing gigabit wireless broadband to underserved communities. Peraso's management will be available at the show for meetings with industry professionals and media representatives.
Peraso Inc. (NASDAQ:PRSO) has received a purchase order for its High-Velocity Roaming (HVR) technology to enhance high-speed internet connectivity on moving trains and subways in Korea. The initial quantities will be used to demonstrate and characterize the use of 60GHz for HVR in the Korean public transportation system. Peraso's HVR technology provides uninterrupted high-speed internet to passengers on fast-moving trains, managing signal transfers between access points spaced approximately every kilometer.
CEO Ron Glibbery expressed delight in the technology's recognition and evaluation in one of the world's most congested subway systems. The company is also working to win a similar program for deployment on the rail system in China. This market expansion aligns with Peraso's strategic objective to enhance connectivity solutions globally, addressing the evolving needs of urban transit systems.
Peraso Inc. (NASDAQ:PRSO) has secured a significant purchase order for its Perspectus module products, designed for battlefield applications. The system utilizes Peraso's advanced 60 GHz mmWave RF technology to enhance situational awareness and communications for soldiers in combat operations. Key features include:
- Minimized detection risk
- Reduced sensitivity to battlefield clutter and interference
- Proprietary narrow-beamforming technology
- Customized software and power-saving modes
- Up to one week of continuous operation on a single battery charge
Peraso has filed 50 patent applications in mmWave technology, with 40 already granted, demonstrating its commitment to innovation in wireless communications.
Peraso Inc. (NASDAQ:PRSO), a leader in mmWave technology for 60 GHz unlicensed and 5G licensed networks, has announced its participation in two upcoming investor conferences. The company will be presenting at the Summer 2024 Investor Summit on August 20, with a virtual presentation at 3:00 p.m. Eastern Time and one-on-one meetings with registered investors.
Additionally, Peraso will participate in the Emerging Growth Conference on August 21, featuring a virtual presentation at 2:20 p.m. Eastern Time with an interactive format for registered attendees. Both events will offer live and archived video webcasts, accessible through Peraso's investor relations page and the Emerging Growth Conference website for those unable to attend live.
Peraso Inc. (NASDAQ:PRSO) reported strong Q2 2024 results, with total revenue increasing 50.5% sequentially to $4.2 million. GAAP gross margin expanded to 55.5%, while non-GAAP gross margin reached 68.8%. The company saw increased shipments of end-of-life memory IC products and secured a new volume production order for mmWave antenna modules. Peraso expects H2 2024 revenue to increase over H1 and grow year-over-year. However, the company still reported a GAAP net loss of $4.4 million for Q2. Peraso anticipates Q3 2024 revenue between $3.8 million and $4.2 million, focusing on converting customer engagements into production orders for mmWave products.
Peraso Inc. (NASDAQ:PRSO), a leader in mmWave technology, has announced plans to develop custom IP and mmWave solutions for Wi-Fi 8 and future IEEE standards. This move follows the IEEE 802.11 Working Group's recommendation to include mmWave support in mainstream Wi-Fi, specifically in the 60GHz band. Peraso aims to create technologies for third-party fabless semiconductor firms, leveraging its expertise in 60-GHz technology.
The company has already shipped over 900,000 60-GHz radio ICs for various applications. The 60-GHz frequency band offers advantages such as vast continuous spectrum, miniaturized components, and highly directional antenna patterns, which can enhance wireless connectivity performance, particularly for streaming video applications.
Peraso Inc. (NASDAQ:PRSO), a leader in mmWave technology for 60 GHz unlicensed and 5G licensed networks, has announced its plans to release second quarter 2024 financial results on Monday, August 12, 2024, after market close. The company will host a conference call at 1:30 p.m. Pacific Time (4:30 p.m. Eastern Time) to discuss the results and business outlook.
Investors can join the conference call using the number 1-888-506-0062 (US) or +1-973-528-0011 (International) with passcode 935609. A webcast and slides will also be available. For those unable to attend live, an archived webcast will be accessible on Peraso's investor relations page, and a replay will be available until August 26, 2024, by calling 1-877-481-4010 (US) or 1-919-882-2331 (International) with passcode 50937.
Peraso Inc. (NASDAQ:PRSO) announced that Tachyon Networks is expanding its range of high-gain antenna kits for its TNA-303X 60GHz terminal, powered by Peraso's mmWave technology. The new products include the TNA-AK-300, supporting ranges up to 8km in PTP mode and 5km in PTMP mode, and the TNA-AK-S-90, which maintains azimuth scanning while enhancing signal strength. These products cater to the growing demand for reliable broadband solutions in the wireless internet service provider (WISP) and closed-circuit television (CCTV) markets.
Ron Glibbery, CEO of Peraso, highlighted the positive reception from the WISP and CCTV communities, while Lindsey Barlow, co-founder and CEO of Tachyon Networks, emphasized the flexibility and competitive advantage of their solutions in delivering multi-gigabit speeds with lower installation overhead.
Peraso Inc. (NASDAQ:PRSO) has announced preliminary revenue results for Q2 2024, exceeding previous guidance. The company anticipates total net revenue of approximately $4.2 million, surpassing the earlier projected range of $3.7-$4.0 million. This represents a strong growth of over 50% sequentially and over 70% year-over-year.
The higher revenue was primarily driven by increased shipments of end-of-life memory IC products and a new volume production order for mmWave antenna modules supporting the initial deployment of the DUNE platform by a South African service provider. Peraso expects additional orders from this customer and growing engagements for gigabit-speed fixed wireless access applications in urban environments.
Peraso (NASDAQ:PRSO) has announced that CEO Ron Glibbery and CFO Jim Sullivan will participate in the 16th Annual CEO Investor Summit 2024. This event will take place on July 10th at the St. Regis Hotel in San Francisco, CA. Peraso is recognized for its leadership in mmWave technology for 60 GHz unlicensed and 5G licensed networks. Presentation materials from the summit will be available on the company's website.
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