Peraso (NASDAQ:PRSO) Announces Quarterly Earnings Results, Misses Estimates By $0.02 EPS

Peraso (NASDAQ:PRSO) announced its quarterly earnings results on Monday. The company reported ($0.20) earnings per share for the quarter, missing the consensus estimate of ($0.18) by ($0.02), FiscalAI reports. The company had revenue of $0.96 million for the quarter, compared to analysts’ expectations of $1.15 million. Peraso had a negative net margin of 38.99% and a negative return on equity of 129.12%.

Here are the key takeaways from Peraso’s conference call:

• Total net revenue fell to $1.0M in Q1 from $2.9M last quarter and $3.9M a year ago, with GAAP net loss of $2.5M (loss of $0.22/share) and Q2 revenue guided to about $1.2M.
• Cash on hand was approximately $2.7M at quarter end, adjusted EBITDA was negative $2.3M, and the company is actively exploring strategic alternatives and additional capital, implying potential dilution or transaction risk.
• Peraso reported growing traction in tactical communications, naming defense contractor InTACT, shipping initial limited production drone IFF modules in April and planning field trials in August with potential production ramp into 1H 2027.
• Fixed Wireless Access remains core and the company highlighted a notable design win with MikroTik (60 GHz nRAY launch at MWC) and continued interest in its integrated DUNE platform and operator PoCs.
• Near-term demand and visibility are subdued due to a delayed sizable shipment from an Asia supplier (now shipped) and broader memory/DRAM shortages that are constraining customers and causing lumpy order patterns, though Peraso says it is diversifying suppliers.

Peraso Trading Up 39.2%

PRSO traded up $0.39 during trading on Monday, hitting $1.38. The company’s stock had a trading volume of 41,013,239 shares, compared to its average volume of 6,123,288. The firm has a market capitalization of $17.43 million, a price-to-earnings ratio of -1.94 and a beta of 0.93. The business’s fifty day simple moving average is $1.09 and its 200 day simple moving average is $1.04. Peraso has a twelve month low of $0.77 and a twelve month high of $2.37.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Wall Street Zen upgraded Peraso from a “sell” rating to a “hold” rating in a research report on Saturday, April 11th. Weiss Ratings cut Peraso from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Monday, April 27th. Two equities research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Peraso has an average rating of “Buy” and an average target price of $3.00.

Institutional Trading of Peraso

An institutional investor recently raised its position in Peraso stock. Geode Capital Management LLC lifted its stake in shares of Peraso Inc. (NASDAQ:PRSO) by 71.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 69,697 shares of the company’s stock after purchasing an additional 29,095 shares during the period. Geode Capital Management LLC owned about 0.78% of Peraso worth $61,000 as of its most recent filing with the Securities & Exchange Commission. Hedge funds and other institutional investors own 77.60% of the company’s stock.

About Peraso

Peraso Technologies Inc is a Canadian semiconductor company specializing in the research, design and development of millimeter wave (mmWave) wireless communication solutions. The company’s core focus lies in the 60 GHz frequency band, where it engineers high-performance integrated circuits and beamforming solutions designed to deliver multi-gigabit wireless connectivity. Peraso’s technology is tailored for applications demanding high data throughput, low latency and reliable short-range wireless links.

The company’s product portfolio includes 60 GHz chipset solutions for wireless local area networking (WiGig), fixed wireless access (FWA), small-cell backhaul and point-to-point communication links.