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, a leader in mmWave technology for 60 GHz unlicensed and 5G licensed networks, announced that CEO Ron Glibbery and CFO Jim Sullivan will present at the Lytham Partners 2024 Virtual Spring Conference.
The event will take place on May 30, 2024, at 11:45 a.m. ET. They will also be available for virtual meetings with investors throughout the day. A live and archived webcast of the presentation, along with supporting materials, will be accessible on Peraso's website.
Investors and analysts interested in scheduling meetings with Peraso management should contact Lytham Partners or register on the event's website.
Peraso (NASDAQ: PRSO) announced its first-quarter 2024 financial results, showing a total revenue of $2.8 million, a 54% sequential increase. GAAP gross margin improved to 46.4%, and non-GAAP gross margin rose to 66.4%. The company reported a GAAP net loss of $2.0 million, a significant improvement from the previous quarter's $8.9 million loss. Operating expenses on a non-GAAP basis were $3.5 million, down from $4.0 million in the prior quarter. Peraso's memory product backlog stands at $12.6 million, with $2.9 million in EOL purchase orders. The company forecasts second-quarter revenue between $3.7 million and $4.0 million.
Peraso Inc. (NASDAQ:PRSO) is set to release its first quarter 2024 financial results on May 13, 2024, followed by a conference call with CEO Ron Glibbery and CFO Jim Sullivan to discuss the Company's performance and future prospects in mmWave technology for networks.
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