Peraso Sees Preliminary Q2 2024 Revenue $4.2M Vs 3.87M Est.

7/16/24 8:05:21 AM ET

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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

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Peraso Announces Third Quarter 2024 Results
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
11/12/24 4:00:00 PM ET
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Peraso to Highlight the Power of 60 GHz Fixed Wireless Access for Dense Urban Networks at Africa Tech Festival
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
11/6/24 8:00:00 AM ET
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Peraso Announces Exercise of Warrants for $2.9 Million in Gross Proceeds
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
11/5/24 9:30:00 AM ET
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Peraso Announces Third Quarter 2024 Results
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
11/12/24 4:00:00 PM ET
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Peraso to Announce Third Quarter 2024 Financial Results
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
10/29/24 8:00:00 AM ET
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Peraso Announces Second Quarter 2024 Results
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
8/12/24 4:05:00 PM ET
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Peraso Sees Preliminary Q2 2024 Revenue $4.2M Vs 3.87M Est.

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Peraso Announces Third Quarter 2024 Results

Peraso to Highlight the Power of 60 GHz Fixed Wireless Access for Dense Urban Networks at Africa Tech Festival

Peraso Announces Exercise of Warrants for $2.9 Million in Gross Proceeds

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Insider Purchases

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Chief Technology Officer Tomkins Alex bought $7,331 worth of shares (4,800 units at $1.53) and covered exercise/tax liability with 168 shares, increasing direct ownership by 286% to 6,251 units (SEC Form 4)

Director Mcwalter Ian bought $127,000 worth of shares (100,000 units at $1.27), increasing direct ownership by 8,026% to 101,246 units (SEC Form 4)

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Insider Trading

Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

Chief Revenue Officer Lunsford Mark covered exercise/tax liability with 171 shares, decreasing direct ownership by 7% to 2,176 units (SEC Form 4)

Amendment: Chief Technology Officer Tomkins Alex increased direct ownership by 296% to 6,419 units (SEC Form 4)

Chief Operating Officer Lynch Brad covered exercise/tax liability with 168 shares, decreasing direct ownership by 9% to 1,741 units (SEC Form 4)

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SEC Filings

SEC Form DEF 14A filed by Peraso Inc.

SEC Form D filed by Peraso Inc.

Peraso Inc. filed SEC Form 8-K: Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing

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Peraso Announces Appointment of Nadine Hatto to GigFire Advisory Board

Peraso Appoints Mark Lunsford as Chief Revenue Officer

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Benchmark Reiterates Speculative Buy on Peraso, Maintains $4 Price Target

Peraso shares are trading higher after the company issued preliminary Q2 revenue results above estimates.