Peraso Inc. operates as a fabless semiconductor company, develops, markets, and sells semiconductor devices and modules. It focuses on development of millimeter wavelength (mmWave) for the 60 gigahertz, spectrum, and for 5G cellular networks. The company's products include mmWave ICs, including baseband IC, various mmWave radio frequency, integrated circuits, as well as associated antenna technology; and mmWave modules. It also provides accelerator engine products, comprising bandwidth engine for high-performance applications where throughput is critical; and programmable hyperspeed engine to allow user-defined functions or algorithms. In addition, the company offers quad partition rate which allows for parallel accesses to multiple partitions of the memory simultaneously. Its mmWave products enable various applications, such as 5G with low latency and high reliability, multi-gigabit, mmWave links over 25 kilometers, as well as consumer applications, such as wireless video streaming, and untethered augmented reality and virtual reality. The company also licenses intellectual property, as well as offers non-recurring engineering services. It markets its products through direct sales personnel, as well as sells representatives and distributors. The company was formerly knowns as MoSys, Inc. and changed its name to Peraso Inc. in December 2021. Peraso Inc. was incorporated in 1991 and is based in San Jose, California.
IPO Year:
Exchange: NASDAQ
Website: https://perasoinc.com
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~ Increasing revenue, combining scale, and realizing immediate synergies ~ ~ Creating a dominant force in high-growth mmWave and defense semiconductor markets ~ ~ Securing Nasdaq listing stability for Peraso shareholders ~ Mobix Labs, Inc. (NASDAQ:MOBX) ("Mobix") today announced an unsolicited, non-binding proposal to acquire Peraso, Inc. (NASDAQ:PRSO) ("Peraso") in a premium stock-for-stock transaction. Under the proposed terms, Mobix will exchange newly issued MOBX common shares for each PRSO share at a 20% premium to Peraso's 30-day average closing share price through June 10, 2025. Transaction Highlights & Shareholder Benefits Revenue Accretion & Scale: Peraso Q1 2025 revenue
SAN JOSE, CAPELLEN / ACCESSWIRE / November 26, 2024 / Peraso Inc. (NASDAQ:PRSO), ("Peraso" or the "Company"), a pioneer in mmWave wireless technology solutions, today announced the Company will participate at the Benchmark Company's 13th Annual Discovery Investor Conference to be held Wednesday, December 11, 2024, 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.The conference offers in-person meetings with dynamic publicly traded micro- and small-cap companies. To schedule a one-on-one meeting with Peraso management, attendees should submit a request online via t
SAN JOSE, CA / ACCESSWIRE / November 12, 2024 / Peraso Inc. (NASDAQ:PRSO) ("Peraso" or the "Company"), a pioneer in mmWave wireless technology solutions, today announced financial results for the third quarter ended September 30, 2024.Management Commentary"Third quarter revenue was within our range of expectations, with overall results being highlighted by meaningful improvement in our operating performance," commented Ron Glibbery, CEO of Peraso. "Underpinning this improvement was the benefit of our previous and ongoing actions to reduce costs and increase efficiencies, resulting in operating expenses decreasing almost 20% year-over-year."During the quarter, we continued to advance diverse
SAN JOSE, CA / ACCESSWIRE / November 6, 2024 / Peraso Inc. (NASDAQ:PRSO) ("Peraso" or the "Company"), a pioneer in mmWave wireless technology solutions, today announced it plans to attend and participate in the 2024 AfricaTech Festival. During the show, Peraso will collaborate with leading experts in the telecom industry to exchange insights, foster connections and advocate for the adoption of mmWave Fixed Wireless Access (FWA) in densely populated areas, helping to accelerate Africa's digital transformation.Peraso representatives will attend the show in Cape Town, South Africa, November 11-14, 2024, as part of the Canadian Pavilion at booth# D2, hosted by the Canadian Trade Commissioner Ser
SAN JOSE, CA / ACCESSWIRE / November 5, 2024 / Peraso Inc. (NASDAQ:PRSO) ("Peraso" or the "Company"), a pioneer in mmWave wireless technology solutions, announced today the entry into definitive agreements for the immediate exercise of certain outstanding Series B warrants to purchase up to an aggregate of 2,246,030 shares of common stock, issued by Peraso in February 2024 (the "Existing Warrants"), at a reduced exercise price of $1.30 per share. The shares of common stock issuable upon exercise of the Existing Warrants are registered pursuant to an effective registration statement on Form S-1 (File No. 333-276247).Ladenburg Thalmann & Co. Inc. is acting as the exclusive placement agent for
SAN JOSE, CA / ACCESSWIRE / November 1, 2024 / Peraso Inc. (NASDAQ:PRSO) ("Peraso" or the "Company"), a pioneer in mmWave wireless technology solutions, is pleased to announce that SAF Tehnika JSC ("SAF") has released the FreeMile 60 (FreeMile) radio to provide fixed wireless access (FWA) using Peraso's Perspectus mmWave modules with the X720 chipset.Utilizing the unlicensed 60 GHz band, FreeMile's 90-degree multipoint setup enables wireless Internet service providers (WISPs) to maximize network coverage with minimal infrastructure. With one antenna providing 90° beamforming coverage and optional antenna kits for enhanced directionality, FreeMile's modular design delivers flexibility and eff
SAN JOSE, CA / ACCESSWIRE / October 29, 2024 / Peraso Inc. (NASDAQ:PRSO) ("Peraso" or the "Company"), a global leader in mmWave technology for 60 GHz unlicensed and 5G licensed networks, today announced that it will release its third quarter 2024 financial results on Tuesday, November 12, 2024, after the market close, followed by a conference call at 2:00 p.m. Pacific Time to discuss the Company's results and business outlook.Conference Call and Webcast InformationDate: Tuesday, November 12, 2024Time: 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time)Conference Call Number: 1-877-545-0320International Call Number: +1-973-528-0002Passcode: 629165Webcast and Slides: Click HereFor those unable to
SAN JOSE, CA / ACCESSWIRE / October 24, 2024 / Peraso Inc. (NASDAQ:PRSO) ("Peraso" or the "Company"), a leading provider of mmWave wireless technology for fixed wireless access ("FWA"), today announced a $1.4 million follow-on purchase order from a prominent South African wireless Internet service provider ("WISP"). This order for Peraso's innovative mmWave equipment builds on an initial production order secured and shipped in the second quarter of 2024."We believe this repeat order is a testament to the performance and reliability of our mmWave technology in addressing the critical connectivity needs of underserved communities and that it further validates the strong and growing demand for
SAN JOSE, CA / ACCESSWIRE / October 17, 2024 / Peraso Inc. (NASDAQ:PRSO), ("Peraso" or the "Company"), a global leader in mmWave technology for 60 GHz unlicensed and 5G licensed networks, today announced that Ron Glibbery, CEO, and Jim Sullivan, CFO, will participate at the LD Micro 17th Annual Main Event to be held at the Luxe Sunset Boulevard Hotel, Los Angeles, CA. Management is scheduled to present at 8:30 a.m. PT on Wednesday, October 30, and will subsequently be available for meetings with attending investors.Portfolio managers and analysts who would like to request a meeting with management should contact [email protected]. Interested parties can also access Peraso's virtual presen
SAN JOSE, CA / ACCESSWIRE / October 15, 2024 / Peraso Inc. (NASDAQ:PRSO) ("Peraso" or the "Company"), a pioneer in mmWave wireless technology solutions and Richardson RFPD, today announced that they will be hosting a webinar, "mmWave 60 GHz for ADEF Tactical Applications," on October 24, 2024. This virtual event will provide valuable insights while exploring the strategic benefits and unique capabilities of 60 GHz mmWave technology for military and defense applications.The presentation will look at the technology behind Peraso's mmWave products, including the basics of beamforming, phased array antenna technology and propagation characteristics. Attendees will also learn about the benefits o
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Solidifies Key WISP Relationship for Collaborative Expansion in the 60 GHz Wireless Access MarketSAN 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. GigFire is focused on expanding into new markets and offe
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."Mark brings a deep understanding of leading-edge technologies and has demonstrated success across companies at various stages of growth," said Ron Glibbery, CEO of Peraso. "We were particularly drawn to his prior experience at emerging growth companies, where he helped convert groundbreaking technology into large, multi-million dollar sales pipelines. While in ot
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SAN JOSE, CA / ACCESSWIRE / November 12, 2024 / Peraso Inc. (NASDAQ:PRSO) ("Peraso" or the "Company"), a pioneer in mmWave wireless technology solutions, today announced financial results for the third quarter ended September 30, 2024.Management Commentary"Third quarter revenue was within our range of expectations, with overall results being highlighted by meaningful improvement in our operating performance," commented Ron Glibbery, CEO of Peraso. "Underpinning this improvement was the benefit of our previous and ongoing actions to reduce costs and increase efficiencies, resulting in operating expenses decreasing almost 20% year-over-year."During the quarter, we continued to advance diverse
SAN JOSE, CA / ACCESSWIRE / October 29, 2024 / Peraso Inc. (NASDAQ:PRSO) ("Peraso" or the "Company"), a global leader in mmWave technology for 60 GHz unlicensed and 5G licensed networks, today announced that it will release its third quarter 2024 financial results on Tuesday, November 12, 2024, after the market close, followed by a conference call at 2:00 p.m. Pacific Time to discuss the Company's results and business outlook.Conference Call and Webcast InformationDate: Tuesday, November 12, 2024Time: 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time)Conference Call Number: 1-877-545-0320International Call Number: +1-973-528-0002Passcode: 629165Webcast and Slides: Click HereFor those unable to
Total Revenue Increased 50.5% Sequentially;GAAP Gross Margin Expanded to 55.5%, Non-GAAP to 68.8% SAN JOSE, CA / ACCESSWIRE / August 12, 2024 / 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 second quarter ended June 30, 2024.Management Commentary"As we previewed in our announced preliminary results in mid-July, second quarter revenue of $4.2 million exceeded our original guidance and represented growth of over 50% sequentially and over 70% year-over-year," stated Ron Glibbery, CEO of Peraso. "The stronger than expected growth for the quarter was primarily dr
Stronger Than Anticipated Revenue Included First Volume Production Order for mmWave DUNE Platform Solution SAN JOSE, CA / ACCESSWIRE / July 16, 2024 / Peraso Inc. (NASDAQ:PRSO) ("Peraso" or the "Company"), a global leader in mmWave technology for 60 GHz unlicensed and 5G licensed networks, today announced preliminary revenue results for the second quarter ended June 30, 2024. Total net revenue for the second quarter is anticipated to be approximately $4.2 million, exceeding the Company's previous guidance of revenue to range between $3.7 million and $4.0 million."Our stronger than expected preliminary revenue results for the second quarter represent strong growth of over 50% sequentially and
Total Revenue Increased 54% Sequentially;GAAP Gross Margin Expanded to 46.4%, Non-GAAP to 66.4%SAN JOSE, CA / ACCESSWIRE / May 13, 2024 / 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 first quarter ended March 31, 2024.Management Commentary"First quarter revenue increased sequentially and was above the midpoint of guidance, driven by increased product shipments," stated Ron Glibbery, CEO of Peraso. "Gross margin expanded sequentially and year-over-year, while our previously implemented cost reductions contributed to lower operating expenses for the quarter.
SAN JOSE, CA / ACCESSWIRE / April 30, 2024 / 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 first quarter 2024 financial results on Monday, May 13, 2024, 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.Conference Call and Webcast InformationDate: Monday, May 13, 2024Time: 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time)Conference Call Number: 1-877-545-0523International Call Number: +1-973-528-0016Passcode: 786396Webcast and S
SAN JOSE, CA / ACCESSWIRE / March 13, 2024 / 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 fourth quarter 2023 financial results on Monday, March 18, 2024, 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.Conference Call and Webcast InformationDate: Monday, March 18, 2024Time: 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time)Conference Call Number: 1-888-506-0062International Call Number: +1-973-528-0011Passcode: 871343Webcast
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,
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.Conference Call and Webcast InformationDate: Monday, November 13, 2023Time: 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time)Conference Call Number: 1-888-506-0062International Call Number: +1-973-528-0011Passcode: 441592W
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.Conference Call and Webcast InformationDate: Monday, August 14, 2023Time: 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time)Conference Call Number: 1-888-506-0062International Call Number: +1-973-528-0011Passcode: 592289Webcast and Sl
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