PRSO - Earnings announcements

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

Total Revenue Increased 29% Sequentially and 48% Year-over-Year, Driven by Record Product Revenue of $4.9 MillionSAN 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. "Our near-term focus remains on expanding Peraso's leadershi

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. Pacific Time (8:30 a.m. Eastern Time) on Tuesday, May 16, 2023.Conference Call and Webcast InformationDate: Tuesday, May 16, 2023Time: 5:30 a.m. Pacific Time (8:30 a.m. Eastern Time)Conference Call Number: 1-888-506-0062International Call Number: +1-973-528

Fourth Quarter Product Revenue Increased 25% Sequentially and Over 100% Year-over-YearTotal Revenue for the Full Year Increased 160% Year-over-YearSAN 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. "Throughout the year, we continued to build upon Peraso's leadership position in the mmWave fixed wireless access (FWA) market. Also contri

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. Pacific Time (5:00 p.m. Eastern Time).Conference Call and Webcast InformationDate: Wednesday, March 22, 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: 780298Webcast and Slides: Click HereFor those

Reports Preliminary Fourth Quarter Revenue of Approximately $3.9 MillionSAN 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 p

Total Revenue Increased 63% Year-over-Year; Ended Quarter with Record Order BacklogSAN 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 CommentaryPeraso'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. However, third quarter revenue was lower than we previously expected, as we were unable to recognize revenue on certain orders that shipped to a customer late in the quarter. We are working closely with

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. Pacific Time (5:00 p.m. Eastern Time).Third Quarter 2022 Conference Call and Webcast InformationDate: Monday, November 14, 2022Time: 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: 360522Webcast and Slides: Click HereFor those unable to listen to the

Total Revenue Increased 25% Sequentially, Driven by Strong Product Revenue GrowthSAN JOSE, CA/ ACCESSWIRE / August 15, 2022 / Peraso Inc. (NASDAQ:PRSO) ("Peraso" or the "Company"), a leader in mmWave technology, today announced financial results for the second quarter ended June 30, 2022.Management Commentary"Our second quarter was highlighted by strong revenue growth as we continued to ramp our mmWave solutions in the fixed wireless access (FWA) market, specifically for the unlicensed 60 GHz spectrum," commented Ron Glibbery, CEO of Peraso. " This is a rapidly growing area of the market that's strongly supported by leading wireless providers and also government funding for universal broadba

SAN JOSE, CA / ACCESSWIRE / August 3, 2022 / Peraso Inc. (NASDAQ:PRSO) ("Peraso" or the "Company"), a leader in mmWave technology, today announced it will release its second quarter 2022 financial results on Monday, August 15, 2022, after the market closes. Ron Glibbery, CEO, and Jim Sullivan, CFO, will host a conference call at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time).Second Quarter 2022 Conference Call and Webcast InformationDate: Monday, August 15, 2022Time: 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: 318507Webcast and Slides: Click HereFor those unable to listen to the live Web broadcast,

Product Revenue Increased 205% Year-Over-YearSAN JOSE, CA / ACCESSWIRE / May 9, 2022 / Peraso Inc. (NASDAQ:PRSO) ("Peraso" or the "Company"), a leader in mmWave technology, today announced financial results for the first quarter ended March 31, 2022.First Quarter 2022 Financial ResultsTotal net revenue for the first quarter of 2022 was $3.4 million, which included the first full quarter of revenue contribution from MoSys, Inc. ("MoSys") following the closing of the business combination in December 2021, compared with $1.1 million in the same quarter a year ago and $1.9 million in the prior quarter, which included two weeks of revenue from MoSys. Product revenue for the first quarter of 2022

SAN JOSE, CA / ACCESSWIRE / April 25, 2022 / Peraso Inc. (NASDAQ:PRSO) ("Peraso" or the "Company"), a leader in mmWave technology for 5G networks, today announced it will release its first quarter 2022 financial results on Monday, May 9, 2022, after the market closes. Ron Glibbery, CEO, and Jim Sullivan, CFO, will host a conference call at 1:30 p.m. Pacific Time (4:30 p.m. Eastern Time).First Quarter 2022 Conference Call and Webcast InformationDate: Monday, May 9, 2022Time: 1:30 p.m. Pacific Time (4:30 p.m. Eastern Time)Conference Call Number: 1-888-506-0062International Call Number: +1-973-528-0011Passcode: 688930Webcast and Slides: Click HereFor those unable to listen to the live Web broad

Fourth Quarter Product Revenue Up Greater Than 6X Year-Over-YearListed on Nasdaq through Business Combination with MoSys in December 2021SAN JOSE, CA / ACCESSWIRE / March 8, 2022 / Peraso Inc. (NASDAQ:PRSO) ("Peraso" or the "Company"), a pioneer in high-performance, 5G mmWave wireless technology and provider of chipsets, modules, software and IP, today announced financial results for the fourth quarter and year ended December 31, 2021.Fourth Quarter 2021 Financial ResultsTotal net revenue for the fourth quarter of 2021 was $1.9 million, which included two weeks of revenue from MoSys, Inc. following the closing of the business combination in December 2021. Revenue in the fourth quarter of 202

SAN JOSE, CA / ACCESSWIRE / March 1, 2022 / Peraso Inc. (NASDAQ:PRSO) ("Peraso" or the "Company"), a pioneer in high-performance, 5G mmWave wireless technology and provider of chipsets, modules, software and IP, today announced it will release its fourth quarter 2021 financial results on Tuesday, March 8, 2022, after the market closes. Ron Glibbery, CEO of Peraso, and Jim Sullivan, CFO, will host a live audio webcast with slides and conference call at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time).Fourth Quarter 2021 Conference Call and Webcast InformationDate: Tuesday, March 8, 2022Time: 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time)Conference Call Number: 1-855-779-0042International Call