Peraso

Peraso, Inc. engages in the development and sale of semiconductor devices and modules based on its proprietary semiconductor devices and performance of non-recurring engineering, services and licensing of intellectual property. It operates through the following geographical segments: North America, Hong Kong, Taiwan, and Rest of World. The company was founded in 1991 and is headquartered in San Jose, CA.

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Peraso surpasses Q1 revenue targets, poised for growth in 2024

Peraso Inc. delivered strong Q1 2024 results, exceeding revenue guidance and showing improvements in financial metrics. The company's focus on expanding customer base, securing design wins, and launching new products positions it for sustained growth in 2024.

Peraso exceeds revenue targets, eyes market expansion for growth

Peraso's Q2 2024 performance reflects strong revenue growth, margin expansion, and strategic product developments, signaling positive momentum.
While facing profitability challenges and liquidity concerns, the company's focus on operational efficiency and market expansion presents growth opportunities.
Overall, Peraso's outlook for revenue growth, product expansion, and backlog fulfillment indicates a path towards sustained financial improvement.

Peraso reports steady Q3 revenue, eyes growth in defense sector

Peraso's Q3 performance showed revenue meeting targets, cost efficiencies, and product shipment growth.
While facing challenges of losses and liquidity, the company's strengths lie in market traction and diversification.
Opportunities in revenue growth, new market segments, and financial injections position Peraso for future success.

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First purchase order validates concept and ability to deliver affordable gigabit wireless to underserved markets SAN JOSE, CA / ACCESSWIRE / January 24, 2024 / Peraso Inc. (NASDAQ:PRSO) ("Peraso" or the "Company") today announced an order for its Perspectus mmWave antenna modules that support the DUNE platform, demonstrating the Company's ability to address broadband infrastructure challenges in informal settlements. The DUNE platform implements intelligent Media Access Control features, which, along with the Perspectus series of modules, enable wireless Internet service provider (WISP) operators to deploy long range, multi-point networks without interference in dense user environments.

Peraso Announces First Commercial Order Utilizing DUNE Platform in Dense Urban Environments

SAN JOSE, CA / ACCESSWIRE / January 19, 2024 / Peraso Inc. (NASDAQ:PRSO) ("Peraso" or the "Company"), a leader in mmWave technology, today announced that it has received a letter from The Nasdaq Stock Market LLC ("Nasdaq") notifying the Company that it has regained compliance with the Nasdaq Capital Market's minimum bid price continued listing requirement. The letter noted that, as of January 17, 2024, the Company evidenced a closing bid price of its common stock in excess of the $1.00 minimum requirement for the last 10 consecutive trading days.

Peraso Regains Compliance with Nasdaq Minimum Bid Price Requirement

SAN JOSE, CA / ACCESSWIRE / January 16, 2024 / Peraso Inc. (NASDAQ:PRSO) ("Peraso" or the "Company"), a global leader in mmWave technology, today announced commercial availability of its dense urban network environment ("DUNE") platform for Fixed Wireless Access ("FWA"). DUNE addresses the network access problems experienced in sprawling urban neighborhoods where conventional connectivity solutions are too costly, physically impractical, or saturated.

Peraso Launches Platform for Dense Urban mmWave Fixed Wireless Access

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Peraso (PRSO) made it through our 'Fast-Paced Momentum at a Bargain' screen and could be a great choice for investors looking for stocks that have gained strong momentum recently but are still trading at reasonable prices.

Despite Fast-paced Momentum, Peraso (PRSO) Is Still a Bargain Stock

SAN JOSE, CA / ACCESSWIRE / December 19, 2023 / Peraso Inc. (NASDAQ:PRSO) ("Peraso" or the "Company"), a leader in mmWave technology, today announced that it will effect a 1-for-40 reverse stock split of its outstanding common stock. The reverse stock split will become effective at 4:01pm ET on January 2, 2024.

Peraso Announces 1-for-40 Reverse Stock Split

New engagement signals growth opportunities and enables expansion into a high-volume market segment SAN JOSE, CA / ACCESSWIRE / December 12, 2023 / Peraso Inc., (NASDAQ:PRSO) ("Peraso" or the "Company") today announced a new customer engagement, which demonstrates the Company's ability to expand into new, high-growth consumer markets. As part of its latest partnership, Peraso's X130 chipset will be replacing its customer's current solution for wireless video distribution for indoor applications.

Peraso Announces New Customer Partnership Utilizing X130 Chipset

Peraso Inc. (NASDAQ:PRSO ) Q3 2023 Earnings Call Transcript November 13, 2023 5:00 PM ET Company Participants Jim Sullivan - CFO Ron Glibbery - CEO Conference Call Participants Kevin Liu - K. Liu & Company David Williams - Benchmark Operator Good afternoon and welcome to Peraso Inc.'s Third Quarter 2023 Conference Call.

Peraso Inc. (PRSO) Q3 2023 Earnings Call Transcript

Total Revenue Increased 87% Sequentially and 36% Year-over-Year; GAAP Gross Margin Expanded Sequentially to 45.4%, Non-GAAP to 58.0% SAN JOSE, CA / ACCESSWIRE / November 13, 2023 / Peraso Inc. (NASDAQ:PRSO) ("Peraso" or the "Company"), a global leader in mmWave technology for 60 GHz unlicensed and 5G licensed networks, today announced financial results for the third quarter ended September 30, 2023. Management Commentary "Our third quarter financial results marked a significant improvement over the prior quarter, as we commenced initial shipments against a large order backlog associated with the end-of-life for our memory integrated circuit products (memory IC products)," commented Ron Glibbery, CEO of Peraso.

Peraso Announces Third Quarter 2023 Results

SAN JOSE, CA / ACCESSWIRE / November 1, 2023 / Peraso Inc. (NASDAQ:PRSO) ("Peraso" or the "Company"), a global leader in mmWave technology for 60 GHz unlicensed and 5G licensed networks, today announced the Company will release its third quarter 2023 financial results on Monday, November 13, 2023, after the market close, followed by a conference call at 2:00 p.m. Pacific Time with Ron Glibbery, CEO, and Jim Sullivan, CFO, to discuss the Company's results and business outlook.

Peraso to Announce Third Quarter 2023 Financial Results

SAN JOSE, CA / ACCESSWIRE / October 5, 2023 / Peraso Inc. (NASDAQ:PRSO) ("Peraso" or the "Company"), a global leader in mmWave technology for 60 GHz unlicensed and 5G licensed networks, today announced its plans to attend and participate in a vendor spotlight speaking session at WISPAPALOOZA '23 to showcase Peraso's latest mmWave solutions for Fixed Wireless Access (FWA) and Customer Premise(s) Equipment (CPE). The WISPAPALOOZA Vendor Spotlight Session, featuring Dr. Nadine Hatto, Senior Director of Product Marketing, and Mike Hamilton Senior Director Business Development, from Peraso, will discuss "Practical Solutions For 60GHz License-free, Gigabit Access.

Peraso to Attend and Participate at WISPAPALOOZA '23

SAN JOSE, CA / ACCESSWIRE / September 27, 2023 / Peraso Inc., and pSemi, a Murata company, in collaboration with Richardson RFPD, an Arrow Electronics company, are publishing new information following the earlier announcement, "Collaborate on RF Solution for 5G mmWave Fixed Wireless Access" issued in June. The RF solution for mmWave fixed wireless access customer premises equipment (CPE) uses the new Peraso PRS1520 beamformer RFIC and the pSemi PE128300 up-down converter.

Peraso, pSemi and Richardson RFPD Release Critical Details of 5G mmWave Fixed Wireless Access Solution

SAN JOSE, CA / ACCESSWIRE / September 26, 2023 / Peraso Inc. (NASDAQ:PRSO) ("Peraso" or the "Company"), a leader in mmWave technology for 60GHz license-free and 5G licensed networks, today announced the Company has received purchase orders from multiple customers totaling $11.3 million. These non-cancelable orders represent last-time buys received to-date associated with the previously announced end-of-life ("EOL") program for the Company's memory integrated circuit products ("memory IC products").

Peraso Receives Initial EOL Purchase Orders Totaling $11.3 Million

SAN JOSE, CA / ACCESSWIRE / September 19, 2023 / Peraso Inc. (NASDAQ:PRSO) ("Peraso" or the "Company"), a global leader in mmWave technology for 60 GHz unlicensed and 5G licensed networks, announced that the Company's business development and product executives will be attending Mobile World Congress (MWC ) Las Vegas 2023 to showcase Peraso's latest mmWave solutions for Fixed Wireless Access (FWA) and Customer Premise(s) Equipment (CPE). Peraso executive leadership will be at MWC Las Vegas, September 26-28, to connect with customers, present the Company's latest products, and explore new partnership opportunities in their private meeting room #1376MR.

Peraso to Attend and Showcase mmWave Solutions at MWC Las Vegas 2023

SAN JOSE, CA / ACCESSWIRE / September 12, 2023 / Peraso Inc. (NASDAQ:PRSO) ("Peraso" or the "Company"), a leader in mmWave technology for 60GHz unlicensed and 5G licensed networks, is pleased to announce that it has been invited to participate in a Q&A Panel at Wi-Fi World Congress North America 2023 to be held Wednesday, September 20, 2023, at the Omni King Edward Hotel in Toronto, Canada. The Q&A Panel featuring Dr. Nadine Hatto, Peraso's Senior Director of Product Marketing, will discuss the present and future use cases for the 60 GHz band.

Peraso To Participate in Panel Discussion at Wi-Fi World Congress North America 2023

Latest member of the Perspectus family targets dense urban environments with 5-degree antenna and 128 element antenna array SAN JOSE, CA / ACCESSWIRE / September 5, 2023 / Peraso Inc . (NASDAQ:PRSO) ("Peraso" or the "Company"), a leader in mmWave technology for 60GHz license-free and 5G licensed networks, is pleased to announce the release of the PRM2144X , Peraso's latest mmWave module in the Company's PERSPECTUS series featuring long range, outdoor applications.

Peraso Announces PRM2144X Release in PERSPECTUS mmWave Module Lineup

Peraso Inc. (NASDAQ:PRSO ) Q2 2023 Earnings Conference Call August 14, 2023 5:00 PM ET Company Participants Jim Sullivan – Chief Financial Officer Ron Glibbery – Chief Executive Officer Conference Call Participants Kevin Liu – K. Liu & Company David Williams – Benchmark Operator Good afternoon, and welcome to Peraso Inc.'s Second Quarter 2023 Conference Call.

Peraso Inc. (PRSO) Q2 2023 Earnings Call Transcript

SAN JOSE, CA / ACCESSWIRE / August 14, 2023 / Peraso Inc. (NASDAQ:PRSO) ("Peraso" or the "Company"), a leader in mmWave technology, today announced financial results for the second quarter ended June 30, 2023 and provided a business update. Management Commentary "Our second quarter financial results reflected lower product revenue, which we primarily attribute to an industry-wide inventory correction," stated Ron Glibbery, CEO of Peraso.

Peraso Announces Second Quarter 2023 Results and Provides Business Update

SAN JOSE, CA / ACCESSWIRE / August 3, 2023 / Peraso Inc. (NASDAQ:PRSO) is pleased to announce that Zinwell [TWSE:ZINWELL] has adopted Peraso's X120 chipset for its new 2.5Gigabit Ethernet Bridge radio, the ZWR-V622. Utilizing Peraso's phased array antenna technology, the ZWR-V622 enables fiber-speed connectivity without the need or cost of pulling fiber.

Zinwell Introduces 2.5Gbit Wireless Ethernet Bridge based on Peraso 60GHz mmWave Chipset

SAN JOSE, CA / ACCESSWIRE / August 2, 2023 / Peraso Inc. (NASDAQ:PRSO) ("Peraso" or the "Company"), a leader in mmWave technology for 60 GHz unlicensed and 5G licensed networks, today announced the Company received written notification from the Listing Qualifications Department of The Nasdaq Stock Market LLC ("Nasdaq"), granting the Company's request for a 180-day extension to regain compliance with Nasdaq's minimum bid price requirement under Nasdaq Listing Rule 5810(c)(3)(A) (the "Bid Price Rule"). The Company now has until January 29, 2024 to meet the requirement.

Peraso Receives 180-Day Extension to Regain Compliance with Nasdaq Minimum Bid Price Rule

SAN JOSE, CA / ACCESSWIRE / July 31, 2023 / Peraso Inc. (NASDAQ:PRSO) ("Peraso" or the "Company"), a leader in mmWave technology for 60 GHz unlicensed and 5G licensed networks, today announced the Company will release its second quarter 2023 financial results on Monday, August 14, 2023, after the market close, followed by a conference call at 2:00 p.m. Pacific Time with Ron Glibbery, CEO, and Jim Sullivan, CFO, to discuss the Company's results and business outlook.

Peraso to Announce Second Quarter 2023 Financial Results

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SAN JOSE, CA / ACCESSWIRE / July 11, 2023 / Peraso Inc., (NASDAQ:PRSO) ("Peraso" or the "Company") and Jaguar Wave together announced production readiness of the JW-PTP6150/51 product family from Jaguar Wave, a new Point-to-Point (PtP) and Point-to-Multipoint (PtMP) solution for 60GHz unlicensed Fixed Wireless Access (FWA) networks utilizing Peraso's mmWave technology. The Jaguar Wave PTP/PtMP products are designed to withstand the harsh outdoor environments where FWA equipment is frequently deployed.

Peraso and Jaguar Wave Announce PtP and PtMP Solutions for 60GHz mmWave Fixed Wireless Access

SAN JOSE, CA / ACCESSWIRE / June 29, 2023 / Peraso Inc., (NASDAQ:PRSO) (Peraso or the Company) and Tachyon Networks (Tachyon) together have announced production readiness of the TNA-30X product family from Tachyon, new Point-to-Point (PtP) and Point-to-Multipoint (PtMP) solutions utilizing Peraso's mmWave technology for 60GHz unlicensed Fixed Wireless Access (FWA) networks. Peraso's 60GHz solutions focus on accelerating time to market and reducing the cost of designing a module that must be manufactured in high volume, while providing unmatched quality and reliability.

Peraso and Tachyon Networks Announce Production of PtP and PtMP Solutions for 60GHz mmWave Fixed Wireless Access

SAN JOSE, CA / ACCESSWIRE / June 8, 2023 / Peraso Inc., and pSemi, a Murata company, together announced a successful RF solution for mmWave fixed wireless access customer premises equipment (CPE) using Peraso's new PRS1520 beamformer RFIC and pSemi's PE128300 up-down converter. The mmWave frequency bands provide extensive RF spectrum, which is ideal for fixed wireless access delivering multi-gigabit services.

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