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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SAN JOSE, CA / ACCESSWIRE / September 17, 2024 / Peraso Inc. (NASDAQ:PRSO) has announced a significant purchase order for its Perspectus module products, which are ideally suited for battlefield application. Leveraging Peraso's advanced 60 GHz mmWave RF technology, this system is intended to enhance situational awareness and communications for soldiers engaged in combat operations.The Perspectus module minimizes detection risk and reduces sensitivity to battlefield clutter and interference using Peraso's proprietary narrow-beamforming technology. The unique propagation characteristics of 60 GHz signals offer an edge in military settings where stealth, precision, and operational efficiency ar
MIAMI, Aug. 21, 2024 (GLOBE NEWSWIRE) -- EmergingGrowth.com a leading independent small cap media portal announces the schedule of the 74th Emerging Growth Conference on August 21 – 22, 2024. The Emerging Growth Conference identifies companies in a wide range of growth sectors, with strong management teams, innovative products & services, focused strategy, execution, and the overall potential for long-term growth. Register for the Conference here. Submit Questions for any of the presenting companies to: [email protected] For updates, follow us on Twitter Sponsors:QuoteMedia - Keep Investors Informed with Dynamic Plug and Play IR Solutions(844) 485-8200Sales@QuoteM
MIAMI, Aug. 20, 2024 (GLOBE NEWSWIRE) -- EmergingGrowth.com a leading independent small cap media portal announces the schedule of the 74th Emerging Growth Conference on August 21 – 22, 2024. The Emerging Growth Conference identifies companies in a wide range of growth sectors, with strong management teams, innovative products & services, focused strategy, execution, and the overall potential for long-term growth. Register for the Conference here. Submit Questions for any of the presenting companies to: [email protected] For updates, follow us on Twitter Sponsors:QuoteMedia - Keep Investors Info
SAN JOSE, CA / ACCESSWIRE / August 19, 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's planned participation at the following investor conferences:Summer 2024 Investor SummitDate: Tuesday, August 20Format: Virtual presentation at 3:00 p.m. Eastern Time and 1x1 meetings with investors registered to attend - Register HereEmerging Growth ConferenceDate: Wednesday, August 21Format: Virtual presentation at 2:20 p.m. Eastern Time with interactive online format for registered attendees - Register HereWebcast: Live and archived video broadcastFor those unable to listen 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
SAN JOSE, CA / ACCESSWIRE / August 7, 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 plans to develop custom intellectual property (IP) and millimeter-wave (mmWave) solutions for Wi-Fi 8, as well as future IEEE standards.As a continuation of the success of Wi-Fi in unlicensed frequency bands, the IEEE 802.11 Working Group passed a motion to recommend to the IEEE Standards Executive Committee the development of an amendment to IEEE 802.11 to specify the inclusion of mmWave support in mainstream Wi-Fi. The new amendment, which is expected to be called IEEE 802.11bq, would include
SAN JOSE, CA / ACCESSWIRE / July 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 Tachyon Networks Inc. ("Tachyon Networks") is expanding its range of high-gain antenna kits to enhance its TNA-303X 60GHz terminal, which is powered by Peraso's mmWave Perspectus modules and X720 chipset. Tachyon Network's kits, operating in the license-free 60GHz band, extend the operational range for multi-gigabit data connectivity and address the growing demand for reliable broadband solutions.Tachyon Networks' products enrich the expanding market of wireless internet service providers (
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
SAN JOSE, CA / ACCESSWIRE / June 10, 2024 / Peraso Inc. (NASDAQ:PRSO) ("Peraso"), a global leader in mmWave technology for 60 GHz unlicensed and 5G licensed networks, today announced Ron Glibbery, CEO, and Jim Sullivan, CFO, will participate at the 16th Annual CEO Investor Summit 2024, being held Wednesday, July 10th at the St. Regis Hotel, San Francisco, CA.The presentation material utilized during the CEO Investor Summit will be made accessible on the Events page of the Company's website.About the 16th Annual CEO Investor Summit 2023The CEO Investor Summit is collectively hosted and funded by participating companies and features a "round-robin" format consisting of small group meetings wit
SAN JOSE, CA / ACCESSWIRE / June 4, 2024 / Peraso Inc. (NASDAQ:PRSO) ("Peraso" or the "Company"), a global leader in mmWave technology, is proud to announce that it has achieved ISO 9001:2015 certification, underscoring the Company's commitment to quality and customer satisfaction in the design and manufacture of its innovative mmWave products and solutions.ISO 9001:2015 is an internationally recognized quality management standard developed by the International Organization for Standardization (ISO). This certification is based on several quality management principles, including a strong customer focus, involvement of high-level company management, and a process-driven approach, and demonstr
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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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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
Benchmark analyst David Williams reiterates Peraso (NASDAQ:PRSO) with a Speculative Buy and maintains $4 price target.
Stronger Than Anticipated Revenue Included First Volume Production Order for mmWave DUNE Platform SolutionSAN 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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Ladenburg Thalmann analyst Jon Hickman initiates coverage on Peraso (NASDAQ:PRSO) with a Buy rating and announces Price Target of $3.75.
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Peraso (NASDAQ:PRSO) reported quarterly losses of $(0.83) per share which beat the analyst consensus estimate of $(1.32) by 37.12 percent. This is a 76.22 percent increase over losses of $(3.49) per share from the same period last year. The company reported quarterly sales of $2.816 million which beat the analyst consensus estimate of $2.650 million by 6.26 percent. This is a 44.05 percent decrease over sales of $5.033 million the same period last year.
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