Peraso Stock Price, News & Analysis

Peraso Inc. (NASDAQ:PRSO) will announce its fourth quarter and full year 2022 financial results on March 22, 2023, after market close. The announcement will be followed by a conference call at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time), featuring CEO Ron Glibbery and CFO Jim Sullivan. Interested parties can join by phone or via a webcast. Peraso, a leader in mmWave technology, provides innovative solutions for applications such as 5G and fixed wireless access. For more details, contact Investor Relations at the Shelton Group.

Peraso Inc. (NASDAQ:PRSO) reported preliminary fourth quarter revenue of approximately $3.9 million, within its guidance range of $3.8 to $4.1 million, marking an 18% sequential growth. To address current market conditions, the Company is implementing cost reduction initiatives expected to save about $5 million annually through layoffs and reduced R&D spending. The Company has collected $1.5 million from a significant customer toward outstanding receivables. Peraso aims to optimize resources and shorten the time to profitability as it navigates the economic challenges ahead.

Peraso Inc (NASDAQ:PRSO) will participate in the WISPAMERICA tradeshow in Louisville, Kentucky, from March 6 to 9, 2023. The event will provide an opportunity for Peraso to engage with customers and industry leaders, focusing on its advanced mmWave technology solutions for fixed wireless access (FWA) and 5G customer-premises equipment (CPE). CEO Ron Glibbery expressed enthusiasm for showcasing their capabilities and highlighted that Peraso is a leading provider across all mmWave communication bands (24GHz - 71GHz). The company aims to explore new strategic markets and strengthen its position in the growing FWA sector.

Peraso Inc. (NASDAQ:PRSO) will participate in the Mobile World Congress (MWC) Barcelona 2023 from February 27 to March 2. The company aims to showcase its latest mmWave technology solutions for Fixed Wireless Access (FWA) and Customer Premise Equipment (CPE). Peraso's executive leadership will be available in their private meeting room #2B3MR. CEO Ron Glibbery emphasized the company's commitment to developing high-performance, cost-effective solutions to support the evolving 5G market. Interested parties can request meetings via email with the company representatives.

Peraso Inc. (NASDAQ:PRSO) will participate in the virtual Oppenheimer 5G Summit on December 13, 2022, at 4:35 p.m. ET. CEO Ron Glibbery and CFO Jim Sullivan are scheduled to present and will meet with registered investors throughout the day. The summit aims to discuss emerging opportunities in the 5G sector through various formats, including company presentations and one-on-one meetings. Peraso is a leader in mmWave technology for 5G networks, providing solutions across different applications, including data intelligence and edge computing.

Peraso Inc (NASDAQ:PRSO) announces participation in the FWA Summit on December 6, 2022. CEO Ron Glibbery will deliver a keynote on the significance of mmWave technology for fixed wireless access (FWA). The company, a leader in mmWave technology since 2008, emphasizes improvements in the price/performance of 5G mmWave customer premise equipment (CPE), crucial for FWA success. With capabilities across all mmWave communication bands, Peraso aims to meet rising demand in 5G markets. For more, visit www.perasoinc.com.

Peraso Inc. (NASDAQ:PRSO) announced a registered direct offering of 2,450,000 shares at $1.00 per share, raising $2.45 million. This includes pre-funded warrants and a concurrent private placement for 3,675,000 warrants at an exercise price of $1.36. Proceeds will be utilized for 5G product development and general corporate purposes. The offering, facilitated by The Benchmark Company, is expected to close by November 30, 2022. The shares and warrants are part of a shelf registration statement filed with the SEC.

Peraso Inc. (NASDAQ:PRSO), a leader in mmWave technology, will participate in the 11th Annual Discovery Investor Conference hosted by Benchmark Company on December 1, 2022, in New York City. CEO Ron Glibbery and CFO Jim Sullivan will conduct one-on-one meetings with investors. This conference provides a platform for emerging growth companies to connect with institutional investors. To attend, registration is required. Peraso specializes in high-performance 5G mmWave technology, offering solutions for various applications, including fixed wireless access and factory automation.

Peraso Inc. (NASDAQ:PRSO) reported a 63% year-over-year revenue increase, reaching $3.3 million for Q3 2022, despite lower-than-expected results due to delayed revenue recognition on certain orders. The company maintains a record order backlog and strong demand for its mmWave solutions, particularly in the fixed wireless access market. GAAP gross margin improved to 39.3%, while total operating expenses dropped significantly. The outlook for Q4 2022 anticipates revenues between $3.8 million and $4.1 million, excluding $1.1 million from prior shipments.