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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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.

Peraso and pSemi Collaborate on RF Solution for 5G mmWave Fixed Wireless Access

SAN JOSE, CA / ACCESSWIRE / June 6, 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 deliver an industry keynote address at IMS2023 on Tuesday, June 13, 2023, at the San Diego Convention Center in San Diego, CA. Peraso's industry keynote, delivered by Austin Chen, Director of RF/mm-Wave IC Design, will highlight key technical challenges and considerations necessary to achieve commercial cost efficiency while meeting stringent performance requirements.

Peraso to Deliver IMS2023 Industry Keynote Address

SAN JOSE, CA / ACCESSWIRE / May 31, 2023 / Peraso Inc. (NASDAQ:PRSO) ("Peraso" or the "Company") today announced that it has entered into a securities purchase agreement with an institutional investor (the "Investor") in connection with a registered direct offering, which was priced at-the-market under Nasdaq rules, of an aggregate of 5,714,286 shares of its common stock (or pre-funded warrants in lieu thereof) at an offering price of $0.70 per share (or $0.69 per pre-funded warrant). The pre-funded warrants will be immediately exercisable at a nominal exercise price of $0.01 per share and may be exercised at any time until all of the pre-funded warrants are exercised in full.

Peraso Announces $4.0 Million Registered Direct Offering Priced At-The-Market Under Nasdaq Rules

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SAN JOSE, CA / ACCESSWIRE / May 17, 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 its plans to attend Midwest Broadband Operators Conference. Representatives from Peraso will attend the show in Carmel, Indiana, May 18, 2023, where they will connect with Wireless Internet Service Providers (WISPs), customers, and other industry leaders to explore new opportunities involving Peraso's suite of 60GHz mmWave solutions for fixed wireless access (FWA).

Peraso to Attend Midwest Broadband Operators Conference

Peraso Inc. (NASDAQ:PRSO ) Q1 2023 Earnings Conference Call May 16, 2023 8:30 AM ET Company Participants Jim Sullivan - Chief Financial Officer Ron Glibbery - Chief Executive Officer Conference Call Participants David Williams - Benchmark Company Kevin Liu - K. Liu & Company Timothy Savageaux - Northland Capital Markets Operator Good morning and welcome to Peraso Inc.'s First Quarter 2023 Conference Call.

Peraso Inc. (PRSO) Q1 2023 Earnings Call Transcript

Total Revenue Increased 29% Sequentially and 48% Year-over-Year, Driven by Record Product Revenue of $4.9 Million SAN JOSE, CA / ACCESSWIRE / May 15, 2023 / Peraso Inc. (NASDAQ:PRSO) ("Peraso" or the "Company"), a leader in mmWave technology, today announced financial results for the first quarter ended March 31, 2023. Management Commentary "Our first quarter results reflect a strong start to the year, highlighted by continued revenue growth driven by record product revenue from a combination of Peraso's mmWave solutions for the fixed wireless access (FWA) market, as well as our memory IC products," stated Ron Glibbery, CEO of Peraso.

Peraso Announces First Quarter 2023 Results

SAN JOSE, CA / ACCESSWIRE / May 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 will release its first quarter 2023 financial results on Monday, May 15, 2023, after the market close. Ron Glibbery, CEO, and Jim Sullivan, CFO, will host a conference call to discuss the Company's results and business outlook at 5:30 a.m.

Peraso to Announce First Quarter 2023 Financial Results

Solidifies Key WISP Relationship for Collaborative Expansion in the 60 GHz Wireless Access Market SAN JOSE, CA / ACCESSWIRE / April 13, 2023 / Peraso Inc. (NASDAQ:PRSO) ("Peraso" or the "Company"), a leader in mmWave technology for 60 GHz unlicensed and 5G licensed networks, is pleased to announce that Nadine Hatto, has joined the Advisory Board of GigFire, a leading wireless internet service provider (WISP) in the Midwestern United States. In addition to possessing extensive telecommunications industry knowledge and expertise, Dr. Hatto's appointment to the Advisory Board further strengthens the relationship between GigFire and Peraso.

Peraso Announces Appointment of Nadine Hatto to GigFire Advisory Board

Peraso Inc. (NASDAQ:PRSO ) Q4 2022 Earnings Conference Call March 22, 2023 5:00 PM ET Company Participants Jim Sullivan - Chief Financial Officer Ron Glibbery - Chief Executive Officer Conference Call Participants David Williams - Benchmark Company Kevin Liu - K. Liu & Company Operator Good afternoon and welcome to Peraso, Inc.'s Fourth Quarter and Full Year Financial Results Conference Call.

Peraso Inc. (PRSO) Q4 2022 Earnings Call Transcript

Peraso (PRSO) delivered earnings and revenue surprises of 23.53% and 0.33%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

Peraso (PRSO) Reports Q4 Loss, Lags Revenue Estimates

Fourth Quarter Product Revenue Increased 25% Sequentially and Over 100% Year-over-Year Total Revenue for the Full Year Increased 160% Year-over-Year SAN JOSE, CA / ACCESSWIRE / March 22, 2023 / Peraso Inc. (NASDAQ:PRSO) ("Peraso" or the "Company"), a leader in mmWave technology, today announced financial results for the fourth quarter and full year ended December 31, 2022. Management Commentary "We delivered another consecutive quarter of strong year-over-year growth to complete our first full year of combined operations," stated Ron Glibbery, CEO of Peraso.

Peraso Announces Fourth Quarter and Full Year 2022 Results

SAN JOSE, CA / ACCESSWIRE / March 20, 2023 / Peraso Inc. (NASDAQ:PRSO) ("Peraso" or the "Company"), a leader in mmWave technology for 60 GHz unlicensed and 5G licensed networks, today announced it will release its fourth quarter and full year 2022 financial results on Wednesday, March 22, 2023, after the market close. Ron Glibbery, CEO, and Jim Sullivan, CFO, will host a conference call at 2:00 p.m.

Peraso to Announce Fourth Quarter and Full Year 2022 Financial Results

Reports Preliminary Fourth Quarter Revenue of Approximately $3.9 Million SAN JOSE, CA / ACCESSWIRE / February 16, 2023 / Peraso Inc. (NASDAQ:PRSO) ("Peraso" or the "Company"), a leader in mmWave technology for 60GHz unlicensed and 5G licensed networks, announced today that, in response to current market conditions, it has implemented cost reduction initiatives to reduce its operating losses and streamline its operations, as the Company further emphasizes shorter-term market opportunities. Peraso expects to decrease its operating expenses by approximately $5.0 million on an annualized basis, primarily from lower headcount, including a reduction of employees and full-time-equivalent consulting positions, as well as targeted reductions in certain longer-term research and development projects.

Peraso Announces Cost Reduction Initiatives

SAN JOSE, CA / ACCESSWIRE / January 26, 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 its plans to attend WISPAMERICA Louisville. Representatives from Peraso will attend the show in Louisville, Kentucky, March 6 - 9, 2023 where they will connect with customers and other industry leaders to explore new opportunities and discuss Peraso's suite of mmWave solutions for fixed wireless access (FWA) and 5G customer-premises equipment (CPE).

Peraso to Attend WISPAMERICA Louisville

SAN JOSE, CA / ACCESSWIRE / January 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 ) Barcelona 2023 to showcase Peraso's latest solutions for Fixed Wireless Access (FWA) and Customer Premise(s) Equipment (CPE) Peraso executive leadership will be at MWC Barcelona, February 27 - March 2, to present the Company's latest mmWave products for the 60 GHz and 5G markets in their private meeting room #2B3MR. Since 2008, Peraso has been developing fully integrated, multi-gigabit solutions that are paving the way for the future of wireless, by delivering high-bandwidth connectivity with industry-leading efficiency.

Peraso to Attend MWC Barcelona

SAN JOSE, CA / ACCESSWIRE / December 6, 2022 / Peraso Inc. (NASDAQ:PRSO) ("Peraso" or the "Company"), a leader in mmWave technology for 5G networks, today announced the Company will participate at the Oppenheimer 5G Summit: The Revolution Continues, which is being held as a virtual event. Ron Glibbery, CEO, and Jim Sullivan, CFO, are scheduled to present at 4:35 p.m.

Peraso to Present at the Oppenheimer 5G Summit on December 13

Peraso (PRSO) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).

Peraso (PRSO) Upgraded to Buy: What Does It Mean for the Stock?

SAN JOSE, CA / ACCESSWIRE / November 29, 2022 / Peraso Inc. (NASDAQ:PRSO) ("Peraso"), a leader in mmWave technology for 5G networks, is pleased to announce its plans to attend and participate at FWA Summit. Executive leadership from Peraso have been invited to deliver the partner keynote as part of a panel discussion on "Building Out FWA - Technology & Spectrum, Installation Challenges and Economics" on Tuesday, December 6, beginning at 1:00 P.M.

Peraso to Deliver Partner Keynote at FWA Summit

SAN JOSE, CA / ACCESSWIRE / November 28, 2022 / Peraso Inc. (NASDAQ:PRSO) ("Peraso" or the "Company") today announced that it has entered into a securities purchase agreement with an institutional investor (the "Investor") in connection with a registered direct offering of an aggregate of 2,450,000 shares of its common stock (or pre-funded warrants in lieu thereof) at an offering price of $1.00 per share (or $0.99 per pre-funded warrant). The pre-funded warrants will be immediately exercisable at a nominal exercise price of $0.01 per share and may be exercised at any time until all of the pre-funded warrants are exercised in full.

Peraso Announces $2.45 Million Registered Direct Offering

SAN JOSE, CA / ACCESSWIRE / November 22, 2022 / Peraso Inc. (NASDAQ:PRSO) ("Peraso" or the "Company"), a leader in mmWave technology for 5G networks, today announced the Company will participate at the Benchmark Company's 11th Annual Discovery Investor Conference to be held Thursday, December 1, 2022 at the New York Athletic Club in New York City. Ron Glibbery, CEO, and Jim Sullivan, CFO, are scheduled to host one-on-one meetings with analysts and investors throughout the day.

Peraso to Attend the Benchmark Company's Upcoming Discovery One-on-One Investor Conference

Peraso Inc. (NASDAQ:PRSO ) Q3 2022 Earnings Conference Call November 14, 2022 5:00 PM ET Company Participants Jim Sullivan - Chief Financial Officer Ron Glibbery - Chief Executive Officer Conference Call Participants David Williams - Benchmark Operator Good afternoon and welcome to Peraso Inc.'s Third Quarter 2022 Conference Call. At this time, all participants have been placed on a listen-only mode and we will open the floor for your questions-and-comments after the presentation.

Peraso Inc. (PRSO) Q3 2022 Earnings Call Transcript

Total Revenue Increased 63% Year-over-Year; Ended Quarter with Record Order Backlog SAN JOSE, CA / ACCESSWIRE / November 14, 2022 / Peraso Inc. (NASDAQ:PRSO) ("Peraso" or the "Company"), a leader in mmWave technology, today announced financial results for the third quarter ended September 30, 2022. Management Commentary Peraso's CEO, Ron Glibbery, stated, "We've continued to experience strong customer demand for our mmWave solutions, which contributed to another quarter of year-over-year growth.

Peraso Announces Third Quarter 2022 Results

SAN JOSE, CA / ACCESSWIRE / November 11, 2022 / Peraso Inc. (NASDAQ:PRSO) ("Peraso" or the "Company"), a leader in mmWave technology for 5G networks, today announced it will release its third quarter 2022 financial results on Monday, November 14, 2022, after the market closes. Ron Glibbery, CEO, and Jim Sullivan, CFO, will host a conference call at 2:00 p.m.

Peraso to Announce Third Quarter 2022 Financial Results

SAN JOSE, CA / ACCESSWIRE / October 25, 2022 / Peraso Inc. (NASDAQ:PRSO) ("Peraso" or the "Company"), a leader in mmWave technology for 5G networks, announced today that it has named Mark Lunsford to the position of Chief Revenue Officer. Lunsford will be responsible for sales, business development and strategic partnership efforts.

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