Peraso (NASDAQ:PRSO) Issues Earnings Results

Peraso (NASDAQ:PRSO) released its quarterly earnings data on Tuesday. The company reported ($0.15) earnings per share for the quarter, beating the consensus estimate of ($0.18) by $0.03, FiscalAI reports. Peraso had a negative return on equity of 167.53% and a negative net margin of 85.63%.The company had revenue of $1.31 million for the quarter, compared to analyst estimates of $1.25 million.

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

• Second-quarter revenue rose 36% sequentially to $1.3 million, exceeding prior expectations, while gross margin improved to 63.7% from 61.5% in the first quarter.
• Revenue remained below the year-ago level of $2.2 million, and management cited macroeconomic headwinds, component shortages—particularly memory—and irregular fixed-wireless customer orders; the company provided no quarterly guidance due to limited visibility.
• Peraso is expanding beyond fixed wireless access into defense, UAV, autonomous edge AI, and tactical communications. The new PRM2145 jam-resistant module is expected to be available for customer evaluation in the fourth quarter, with management targeting initial defense-related shipments later this year or in early 2027.
• Management reported growing customer interest, including potential fixed-wireless opportunities in India and the Middle East, increased engagement through a NATO consortium, and a defense NRE project that could generate mid-six-figure revenue.
• Peraso ended the quarter with only $3.3 million in cash and continues to incur operating losses, while its $25 million committed equity facility and ongoing strategic review indicate a continued need for capital and could create future dilution.

Peraso Stock Performance

Shares of PRSO stock opened at $0.69 on Thursday. The stock’s fifty day moving average is $0.81 and its 200-day moving average is $0.95. The stock has a market capitalization of $10.11 million, a PE ratio of -1.01 and a beta of 1.04. Peraso has a 52 week low of $0.58 and a 52 week high of $2.37.

Institutional Investors Weigh In On Peraso

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

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on PRSO shares. Wall Street Zen cut Peraso from a “hold” rating to a “strong sell” rating in a research report on Saturday, May 16th. Weiss Ratings downgraded shares of Peraso from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Friday, August 7th. Two research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $3.00.

Peraso Company Profile

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.