Peraso Inc (PRSO)

$PRSO Peraso Announces First Quarter 2026 Results

https://www.accessnewswire.com/newsroom/en/computers-technology-and-internet/peraso-announces-first-quarter-2026-results-1165840

SAN JOSE, CA / ACCESS Newswire / May 11, 2026 / Peraso Inc. (NASDAQ:PRSO) ("Peraso" or the "Company"), a pioneer in mmWave wireless technology solutions, today announced financial results for the first quarter ended March 31, 2026.

Management Commentary

"Our first quarter results reflect the anticipated push-out on the fulfillment of a significant customer order due to the delayed receipt of key materials from one of our suppliers," commented Ron Glibbery, CEO of Peraso. "We shipped this order in the current quarter, and we have since begun implementing measures to mitigate our reliance on any one supplier. In addition to this delayed order, we are also experiencing irregular order patterns from our fixed wireless access customers, as well as multiple new customers not yet establishing observable order patterns.

"Despite these near-term challenges, particularly within the fixed wireless access market, we have remained closely engaged on expanded opportunities for our 60 GHz mmWave technology across a number of new and existing customers. Within the tactical communications market, we are seeing growing interest in Peraso's mmWave wireless technology following the announcement of our lead Israeli defense customer, InTACT. We delivered initial production shipments in April of our optimized 60GHz modules in support of this customer's next-generation drone Identification Friend or Foe system.

"We remain optimistic about the breadth of our customer engagements and continue to believe there are expanding opportunities for 60 GHz wireless technology in markets that require high-bandwidth and secure connectivity beyond our core fixed wireless access applications. Our primary focus over the coming quarters is to secure new purchase orders, as well as increase the conversion rate of existing customer engagements into design wins for potential future top-line growth."

First Quarter 2026 Financial Results

Total net revenue for the first quarter of 2026 was $1.0 million, compared with $2.9 million in the prior quarter and $3.9 million in the same quarter a year ago. Product revenue for the first quarter of 2026 was $0.7 million, compared with $2.8 million in the prior quarter and $3.8 million in the same quarter a year ago. The sequential and year-over-year decrease in product revenue for the first quarter of 2026 was primarily attributable to lower shipments of both memory IC and mmWave products.

Gross margin for the first quarter of 2026 was 61.5%, compared with 52.2% in the prior quarter and 69.3% in the same quarter a year ago. The sequential increase in gross margin for the first quarter of 2026 was primarily attributable to a higher mix of revenue contribution from non-recurring engineering projects, while the year-over-year decrease primarily reflected the decrease in sales of legacy memory ICs.

Total operating expenses on a GAAP basis for the first quarter of 2026 were $3.1 million, compared with $2.8 million in the prior quarter and $3.2 million in the same quarter a year ago. Operating expenses on a non-GAAP basis for the first quarter of 2026, which excluded stock-based compensation, were $2.9 million compared with $2.7 million in the prior quarter and $3.1 million in the same quarter a year ago.

GAAP net loss for the first quarter of 2026 was $2.5 million, or ($0.22) per share, compared with a net loss of $1.2 million, or ($0.13) per share, in the prior quarter, and a net loss of $0.5 million, or ($0.08) per share, in the first quarter of 2025. Non-GAAP net loss, which excludes stock-based compensation and changes in fair value of warrant liabilities, for the first quarter of 2026 was $2.3 million, or ($0.20) per share, compared with a net loss of $1.2 million, or ($0.13) per share, in the prior quarter and a net loss of $0.4 million, or ($0.07) per share, in the first quarter of 2025.

Adjusted EBITDA for the first quarter of 2026 was negative $2.3 million, compared with negative $1.1 million in the prior quarter and negative $0.3 million in the same quarter last year.

A reconciliation of GAAP to non-GAAP results and GAAP net loss to Adjusted EBITDA is provided in the financial statement tables following the text of this press release.

Peraso Announces First Quarter 2026 ResultsMay 11, 2026 4:14 PM
ACCESS NewswireSAN JOSE, CA / ACCESS Newswire / May 11, 2026 / Peraso Inc. (NASDAQ:PRSO) ("Peraso" or the "Company"), a pioneer in mmWave wireless technology solutions, today announced financial results for the first quarter ended March 31, 2026.Management Commentary"Our first quarter results reflect the anticipated push-out on the fulfillment of a significant customer order due to the delayed receipt of key materials from one of our suppliers," commented Ron Glibbery, CEO of Peraso. "We shipped this order in the current quarter, and we have since begun implementing measures to mitigate our reliance on any one supplier. In addition to this delayed order, we are also experiencing irregular order patterns from our fixed wireless access customers, as well as multiple new customers not yet establishing observable order patterns."Despite these near-term challenges, particularly within the fixed wireless access market, we have remained closely engaged on expanded opportunities for our 60 GHz mmWave technology across a number of new and existing customers. Within the tactical communications market, we are seeing growing interest in Peraso's mmWave wireless technology following the announcement of our lead Israeli defense customer, InTACT. We delivered initial production shipments in April of our optimized 60GHz modules in support of this customer's next-generation drone Identification Friend or Foe system."We remain optimistic about the breadth of our customer engagements and continue to believe there are expanding opportunities for 60 GHz wireless technology in markets that require high-bandwidth and secure connectivity beyond our core fixed wireless access applications. Our primary focus over the coming quarters is to secure new purchase orders, as well as increase the conversion rate of existing customer engagements into design wins for potential future top-line growth."First Quarter 2026 Financial ResultsTotal net revenue for the first quarter of 2026 was $1.0 million, compared with $2.9 million in the prior quarter and $3.9 million in the same quarter a year ago. Product revenue for the first quarter of 2026 was $0.7 million, compared with $2.8 million in the prior quarter and $3.8 million in the same quarter a year ago. The sequential and year-over-year decrease in product revenue for the first quarter of 2026 was primarily attributable to lower shipments of both memory IC and mmWave products.Gross margin for the first quarter of 2026 was 61.5%, compared with 52.2% in the prior quarter and 69.3% in the same quarter a year ago. The sequential increase in gross margin for the first quarter of 2026 was primarily attributable to a higher mix of revenue contribution from non-recurring engineering projects, while the year-over-year decrease primarily reflected the decrease in sales of legacy memory ICs.Total operating expenses on a GAAP basis for the first quarter of 2026 were $3.1 million, compared with $2.8 million in the prior quarter and $3.2 million in the same quarter a year ago. Operating expenses on a non-GAAP basis for the first quarter of 2026, which excluded stock-based compensation, were $2.9 million compared with $2.7 million in the prior quarter and $3.1 million in the same quarter a year ago.GAAP net loss for the first quarter of 2026 was $2.5 million, or ($0.22) per share, compared with a net loss of $1.2 million, or ($0.13) per share, in the prior quarter, and a net loss of $0.5 million, or ($0.08) per share, in the first quarter of 2025. Non-GAAP net loss, which excludes stock-based compensation and changes in fair value of warrant liabilities, for the first quarter of 2026 was $2.3 million, or ($0.20) per share, compared with a net loss of $1.2 million, or ($0.13) per share, in the prior quarter and a net loss of $0.4 million, or ($0.07) per share, in the first quarter of 2025.Adjusted EBITDA for the first quarter of 2026 was negative $2.3 million, compared with negative $1.1 million in the prior quarter and negative $0.3 million in the same quarter last year.A reconciliation of GAAP to non-GAAP results and GAAP net loss to Adjusted EBITDA is provided in the financial statement tables following the text of this press release.Earnings Conference Call and Webcast InformationRon Glibbery, CEO, and Jim Sullivan, CFO, will host a conference call and webcast with slides today, May 11th, at 1:30 p.m. Pacific Time.Date: Monday, May 11, 2026
Time: 1:30 p.m. Pacific Time (4:30 p.m. Eastern Time)
Conference Call Number: 1-888-506-0062
International Call Number: +1-973-528-0011
Participant Access Code: 939441
Webcast and Slides: Click HereFor those unable to listen to the live Web broadcast, it will be archived on the Company's website, and can be accessed by visiting the Company's investor page at https://investors.perasoinc.com/events-presentations. A replay of the conference call will also be available through May 25, 2026 and can be accessed by calling 1-877-481-4010, and using passcode 53955. International callers should dial 1-919-882-2331 and enter the same passcode at the prompt. Any supporting materials referenced during the live broadcast will be made available in the Investor Relations section of the Company's website following the conclusion of the conference call.Use of Non-GAAP Financial MeasuresTo supplement Peraso's consolidated financial statements presented in accordance with GAAP, Peraso uses non-GAAP financial measures that exclude from the statement of operations the effects of stock-based compensation and the change in fair value of warrant liabilities. Peraso's management believes that the presentation of these non-GAAP financial measures is useful to investors and other interested persons because they are one of the primary indicators that Peraso's management uses for planning and forecasting future performance. The press release also makes reference to and reconciles GAAP net income (loss) and adjusted EBITDA, which the Company defines as GAAP net income (loss) before interest expense, the income tax provision, and depreciation and amortization, as well as stock-based compensation and the change in fair value of warrant liabilities. Management believes that the presentation of non-GAAP financial measures that exclude these items is useful to investors because management does not consider these charges part of the day-to-day business or reflective of the core operational activities of the Company that are within the control of management or that would be used to evaluate management's operating performance.Investors are encouraged to review the reconciliations of these non-GAAP financial measures to the comparable GAAP results, which are provided in tables below the Condensed Consolidated Statements of Operations. The non-GAAP financial measures disclosed by the Company should not be considered a substitute for, or superior to, financial measures calculated in accordance with GAAP, and the financial results calculated in accordance with GAAP and reconciliations to those financial statements should be carefully evaluated. The non-GAAP financial measures used by the Company may be calculated differently from, and therefore may not be comparable to, similarly titled measures used by other companies. For additional information regarding these non-GAAP financial measures, and management's explanation of why it considers such measures to be useful, refer to the Current Report on Form 8-K dated May 11, 2026 filed by the Company with the Securities and Exchange Commission.Forward-Looking StatementsThis press release may contain forward-looking statements about the Company, including, without limitation, the Company's expectations regarding growth prospects for the Company's products and the Company's 2026 revenue and gross margin trends. Forward-looking statements are based on certain assumptions and expectations of future events that are subject to risks and uncertainties. Actual results and trends may differ materially from historical results or those projected in any such forward-looking statements depending on a variety of factors. These factors include, but are not limited, to the following:the Company's ability to continue as a going concern;the Company's ability to raise additional capital to fund its operations;the Company's ability to maintain compliance with the continued listing requirements and standards of the Nasdaq Stock Market;risks related to the process of reviewing and exploring potential strategic alternatives, which may be time-consuming, distracting, and disruptive to the Company's business operations;the timing of customer orders and product shipments, which may be impacted by supply chain disruptions experienced by the Company or its customers;the Company's ability to convert customer engagements, proof-of-concept evaluations, and technology demonstrations into design wins, purchase orders, and production revenue;the timing and outcome of product deliveries, field trials, and customer acceptance of the Company's products;risks related to pandemics, wars and terrorist activities that may have an adverse impact on the Company's business and financial results and result in component shortages and increased lead times that may negatively impact the Company's ability to ship its products;risks related to tariffs, trade restrictions, inflation, and other government actions that may affect the Company's supply chain, component costs, or customer demand;customer concentrations and length of billing and collection cycles, which may be impacted in the event of a global recession or economic downturn;lengthy sales cycle;ability to enhance the Company's existing proprietary technologies and develop new technologies;achieving additional design wins for the Company's products through the acceptance and adoption of its technology by existing and potential customers and their suppliers;difficulties and delays in the production, testing and marketing of the Company's products;reliance on manufacturing partners to assist successfully with the fabrication of and production of the Company's products;impacts of the end-of-life of the Company's memory products;availability of quantities of the Company's products supplied by its manufacturing partners at a competitive cost;level of intellectual property protection provided by the Company's patents, the expenses and other consequences of litigation, including intellectual property infringement litigation, to which the Company may be or may become a party from time to time;vigor and growth of markets served by the Company's customers and its operations; andother risks identified in the Company's public filings it makes with the Securities and Exchange Commission.Peraso does not intend to update publicly any forward-looking statement for any reason, except as required by law, even as new information becomes available or other events occur in the future.About Peraso Inc.Peraso Inc. (NASDAQ: PRSO) is a pioneer in high-performance 60 GHz unlicensed and 5G mmWave wireless technology, offering chipsets, antenna modules, software and IP. Peraso supports a variety of applications, including fixed wireless access, tactical communications, immersive video and factory automation. For additional information, please visit www.perasoinc.com.Company Contact:
Jim Sullivan, CFO
Peraso Inc.
P: 408-418-7500
E: jsullivan@perasoinc.comInvestor Relations Contacts:
Shelton Group
Brett L. Perry | Leanne K. Sievers
P: 214-272-0070
E: sheltonir@sheltongroup.comPERASO INC.
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(In thousands, except per share amounts; unaudited) Three Months Ended March 31, 2026 2025 Net Revenue Product $667 $3,800 Services and other 296 69 Total net revenue 963 3,869 Cost of Net Revenue 371 1,189 Gross Profit 592 2,680 Operating Expenses Research and development 1,590 1,583 Selling, general and administrative 1,486 1,611 Total operating expenses 3,076 3,194 Loss from operations (2,484) (514) Change in fair value of warrant liabilities (9) 35 Other income (expense), net (4) 8 Net loss $(2,497) $(471) Net loss per share Basic and diluted $(0.22) $(0.08) Shares used in computing net loss per share Basic and diluted 11,613 5,745 PERASO INC.
CONDENSED CONSOLIDATED BALANCE SHEETS
(In thousands, unaudited) March 31, December 31, 2026 2025 Assets Current assets: Cash and cash equivalents $2,672 $2,886 Accounts receivable, net 867 1,219 Inventories 1,600 1,168 Prepaid expenses and other 534 195 Total current assets 5,673 5,468 Property and equipment, net 497 363 Right-of-use lease assets 124 143 Other 104 105 Total assets $6,398 $6,079 Liabilities and Stockholders??? Equity Current liabilities: Accounts payable $895 $679 Deferred revenue 102 8 Short-term lease liabilities 95 95 Accrued expenses and other 605 540 Total current liabilities 1,697 1,322 Long-term lease liabilities 64 97 Warrant liabilities 33 24 Total liabilities 1,794 1,443 Stockholders' equity 4,604 4,636 Total liabilities and stockholders' equity $6,398 $6,079 PERASO INC.
Reconciliation of GAAP to Non-GAAP Net Loss and Net Loss Per Share
(In thousands, except per share amounts; unaudited) Three Months Ended March 31, 2026 2025 GAAP net loss $(2,497) $(471)Stock-based compensation expense - Research and development 59 65 - Selling, general and administrative 88 60 Total stock-based compensation expense 147 125 Change in fair value of warrant liabilities 9 (35) Non-GAAP net loss $(2,341) $(381) GAAP net loss per share $(0.22) $(0.08)Reconciling items - Stock-based compensation expense 0.02 0.02 - Change in fair value of warrant liabilities - (0.01) Non-GAAP net loss per share $(0.20) $(0.07) Shares used in computing non-GAAP net loss per share Basic and diluted 11,613 5,745 PERASO INC.
Reconciliation of GAAP and Non-GAAP Financial Information
(In thousands; unaudited)
Three Months Ended March 31, 2026 2025 Reconciliation of GAAP net loss and adjusted EBITDA GAAP net loss $(2,497) $(471)Stock-based compensation expense - Research and development 59 65 - Selling, general and administrative 88 60 Stock-based compensation expense 147 125 Change in fair value of warrant liabilities 9 (35) Non-GAAP net loss (2,341) (381)EBITDA adjustments: - Depreciation and amortization 50 67 - Interest expense - 1 Adjusted EBITDA $(2,291) $(313)SOURCE: Peraso Inc.View the original press release on ACCESS NewswireOriginal: Peraso Announces First Quarter 2026 Results

$PRSO Peraso to Announce First Quarter 2026 Financial Results

https://www.accessnewswire.com/newsroom/en/computers-technology-and-internet/peraso-to-announce-first-quarter-2026-financial-results-1161833

SAN JOSE, CA / ACCESS Newswire / April 28, 2026 / Peraso Inc. (NASDAQ:PRSO) ("Peraso" or the "Company"), a pioneer in mmWave wireless technology solutions, today announced the Company will release its first quarter 2026 financial results on Monday, May 11, 2026, after the market close, followed by a conference call at 1:30 p.m. Pacific Time to discuss the Company's results and business outlook.

Conference Call and Webcast Information
Date: Monday, May 11, 2026
Time: 1:30 p.m. Pacific Time (4:30 p.m. Eastern Time)
Conference Call Number: 1-888-506-0062
International Call Number: +1-973-528-0011
Passcode: 939441
Webcast and Slides: Click Here

For those unable to listen to the live Web broadcast, an archived webcast can be accessed by visiting the Company's investor relations page at www.perasoinc.com. A replay of the conference call will also be available through May 18, 2026, and can be accessed by calling 1-877-481-4010 and using passcode 53955. International callers should dial 1-919-882-2331 and enter the same passcode at the prompt. Any supporting materials referenced during the live broadcast will be made available on the Investor Relations section of the Company's website following the conclusion of the conference call.

Peraso to Announce First Quarter 2026 Financial ResultsApril 28, 2026 8:00 AM
ACCESS NewswireSAN JOSE, CA / ACCESS Newswire / April 28, 2026 / Peraso Inc. (NASDAQ:PRSO) ("Peraso" or the "Company"), a pioneer in mmWave wireless technology solutions, today announced the Company will release its first quarter 2026 financial results on Monday, May 11, 2026, after the market close, followed by a conference call at 1:30 p.m. Pacific Time to discuss the Company's results and business outlook.Conference Call and Webcast Information
Date: Monday, May 11, 2026
Time: 1:30 p.m. Pacific Time (4:30 p.m. Eastern Time)
Conference Call Number: 1-888-506-0062
International Call Number: +1-973-528-0011
Passcode: 939441
Webcast and Slides: Click HereFor those unable to listen to the live Web broadcast, an archived webcast can be accessed by visiting the Company's investor relations page at www.perasoinc.com. A replay of the conference call will also be available through May 18, 2026, and can be accessed by calling 1-877-481-4010 and using passcode 53955. International callers should dial 1-919-882-2331 and enter the same passcode at the prompt. Any supporting materials referenced during the live broadcast will be made available on the Investor Relations section of the Company's website following the conclusion of the conference call.About Peraso Inc.
Peraso Inc. (NASDAQ:PRSO) is a pioneer in high-performance 60 GHz unlicensed and 5G mmWave wireless technology, offering chipsets, modules, software and IP. Peraso supports a variety of applications, including fixed wireless access, military, immersive video, and factory automation. For additional information, please visit www.perasoinc.com.Peraso and the Peraso logo are registered trademarks of Peraso Inc. in the U.S. and/or other countries.Investor Relations Contact
Shelton Group
Brett L. Perry
P: 214-272-0070
E: sheltonir@sheltongroup.comSOURCE: Peraso Inc.View the original press release on ACCESS NewswireOriginal: Peraso to Announce First Quarter 2026 Financial Results

https://investorshub.advfn.com/stock-market/NASDAQ/peraso-PRSO/trades

Tapping $1.00 before close.

Peraso Delivers Initial Production Shipment of 60GHz Modules for Drone IFF SystemsApril 14, 2026 8:00 AM
ACCESS NewswiremmWave Modules Optimized for Size, Weight and Power (SWaP) Requirements Enabling Battlefield Drone ApplicationsSAN JOSE, CA / ACCESS Newswire / April 14, 2026 / Peraso Inc. (NASDAQ:PRSO) ("Peraso" or the "Company") today announced the delivery of an initial limited production shipment of its proprietary 60GHz modules to Israeli defense contractor InTACT, marking an important production readiness milestone for the Company's technology.Optimized for military Identification Friend or Foe ("IFF") applications, including infantry and drone deployments, the integrated solution combines Peraso's advanced hardware with specialized software implementing InTACT's IFF protocol. The system also incorporates power reduction algorithms critical for battery-operated platforms.InTACT is engaged with potential customers for its drone IFF systems."There is an immediate demand for an IFF system like this and Peraso's technical team has done an outstanding job of adapting our technology for military applications," said Ronald Glibbery, CEO of Peraso. "We've significantly reduced the size, weight, and power (SWaP) of these new products to enable battery-powered operation for both drone and warfighter IFF use cases. I'm proud of our team for bringing Peraso's technology to production readiness in such a short timeframe."SWaP are critical considerations for any IFF system. Peraso and InTACT engineers worked collaboratively to define system requirements and optimize both the module hardware and associated software, resulting in a solution purpose-built for military applications. Additionally, the Peraso module incorporates beamforming antenna technology, offering a lower probability of detection in battlefield environments compared to traditional radio frequency approaches."We're proud of the relationship we've developed with Peraso since 2024," stated Meir Rappart, CEO of InTACT. "Our system knowledge, coupled with Peraso's 60GHz semiconductor and related software expertise, have yielded what we believe to be a significant advancement in IFF technology."InTACT's IFF solution, powered by Peraso's mmWave semiconductor chips, offers several key advantages for tactical communications systems, including:Highly directional beamforming communicationsLow probability of detection and interceptionLow-power consumption for battery-operated platformsCompact integration for drones and soldier-borne systemsPeraso and InTACT have collaborated for more than two years to develop the technology used to deploy tactical drone IFF applications. To learn more about Peraso's mmWave solutions, please visit www.perasoinc.com.About Peraso Inc.
Peraso Inc. (NASDAQ:PRSO) is a pioneer in high-performance 60 GHz unlicensed and 5G mmWave wireless technology, offering chipsets, modules, software, and IP. Peraso supports a variety of applications, including fixed wireless access, military, immersive video, and factory automation. For additional information, please visit www.perasoinc.com.Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which are intended to be covered by the "safe harbor" created by those sections. All statements in this release that are not based on historical fact are "forward-looking statements." These statements may be identified by words such as "estimates," "anticipates," "projects," "plans," "strategy," "goal," or "planned," "seeks," "may," "might", "will," "expects," "intends," "believes," "should," and similar expressions, or the negative versions thereof, and which also may be identified by their context. All statements that address availability, operating performance, and advantages of the products of Peraso and InTACT, the expected benefits of Peraso's collaboration with InTACT and anticipated use of mmWave technology in drone and other military applications, that are not otherwise historical facts, are forward-looking statements.Forward-looking statements are based on certain assumptions and expectations of future events that are subject to risks and uncertainties. Actual results and trends may differ materially from historical results or those projected in any such forward-looking statements depending on a variety of factors. These factors include, but are not limited to, anticipated use of mmWave technology in drone and defense applications, the successful implementation and performance of IFF protocols and associated software, the anticipated tactical and operational advantages of beamforming antenna technology relative to traditional radio frequency solutions, InTACT's ability to convert potential customer engagements into commercial sales of its drone IFF systems, Peraso's ability to receive additional orders for its 60GHz modules for drone IFF systems and to produce additional units beyond the initial limited shipment, the availability and performance of Peraso's products, reliance on manufacturing partners to assist successfully with the fabrication of Peraso's ICs and modules, availability of quantities of ICs supplied by Peraso's manufacturing partners at a competitive cost, level of intellectual property protection provided by Peraso's patents, vigor and growth of markets served by Peraso's customers and its operations, and other risks, including the risks discussed in Peraso's Securities and Exchange Commission filings. Peraso undertakes no obligation to update publicly any forward-looking statement for any reason, except as required by law, even as new information becomes available or other events occur in the future.###Media Contact
Tyler Weiland
Shelton Group
+1-972-571-7834
tweiland@sheltongroup.comCompany Contact
Mike Hamilton
VP, Business DevelopmentSOURCE: Peraso Inc.View the original press release on ACCESS NewswireOriginal: Peraso Delivers Initial Production Shipment of 60GHz Modules for Drone IFF Systems

$PRSO Peraso Delivers Initial Production Shipment of 60GHz Modules for Drone IFF Systems

https://www.accessnewswire.com/newsroom/en/computers-technology-and-internet/peraso-delivers-initial-production-shipment-of-60ghz-modules-for-1157314

mmWave Modules Optimized for Size, Weight and Power (SWaP) Requirements Enabling Battlefield Drone Applications

SAN JOSE, CA / ACCESS Newswire / April 14, 2026 / Peraso Inc. (NASDAQ:PRSO) ("Peraso" or the "Company") today announced the delivery of an initial limited production shipment of its proprietary 60GHz modules to Israeli defense contractor InTACT, marking an important production readiness milestone for the Company's technology.

Optimized for military Identification Friend or Foe ("IFF") applications, including infantry and drone deployments, the integrated solution combines Peraso's advanced hardware with specialized software implementing InTACT's IFF protocol. The system also incorporates power reduction algorithms critical for battery-operated platforms.

InTACT is engaged with potential customers for its drone IFF systems.

"There is an immediate demand for an IFF system like this and Peraso's technical team has done an outstanding job of adapting our technology for military applications," said Ronald Glibbery, CEO of Peraso. "We've significantly reduced the size, weight, and power (SWaP) of these new products to enable battery-powered operation for both drone and warfighter IFF use cases. I'm proud of our team for bringing Peraso's technology to production readiness in such a short timeframe."

SWaP are critical considerations for any IFF system. Peraso and InTACT engineers worked collaboratively to define system requirements and optimize both the module hardware and associated software, resulting in a solution purpose-built for military applications. Additionally, the Peraso module incorporates beamforming antenna technology, offering a lower probability of detection in battlefield environments compared to traditional radio frequency approaches.

"We're proud of the relationship we've developed with Peraso since 2024," stated Meir Rappart, CEO of InTACT. "Our system knowledge, coupled with Peraso's 60GHz semiconductor and related software expertise, have yielded what we believe to be a significant advancement in IFF technology."

InTACT's IFF solution, powered by Peraso's mmWave semiconductor chips, offers several key advantages for tactical communications systems, including:

Highly directional beamforming communications

Low probability of detection and interception

Low-power consumption for battery-operated platforms

Compact integration for drones and soldier-borne systems

$PRSO Peraso to Present at the Centri Capital Conference

https://www.accessnewswire.com/newsroom/en/computers-technology-and-internet/peraso-to-present-at-the-centri-capital-conference-1155694

SAN JOSE, CA / ACCESS Newswire / April 7, 2026 / Peraso Inc. (NASDAQ:PRSO), ("Peraso" or the "Company"), a pioneer in mmWave wireless technology solutions, today announced that Ron Glibbery, CEO, and Jim Sullivan, CFO, will present at the Centri Capital Conference to be held Tuesday, April 14, 2026, at Nasdaq MarketSite in New York City. Management is scheduled to present at 9:30 A.M. Eastern Time and will also be available for meetings with registered attendees throughout the day.

A live and archived webcast of the Company's presentation will be available on the Events page of the Company's website. To request a meeting with management, portfolio managers and analysts should contact their Centri representative or Register Here to attend the conference.

Source: https://investorshangout.com/post/newpost/91662/

Peraso to Present at the Centri Capital ConferenceApril 7, 2026 4:05 PM
ACCESS NewswireSAN JOSE, CA / ACCESS Newswire / April 7, 2026 / Peraso Inc. (NASDAQ:PRSO), ("Peraso" or the "Company"), a pioneer in mmWave wireless technology solutions, today announced that Ron Glibbery, CEO, and Jim Sullivan, CFO, will present at the Centri Capital Conference to be held Tuesday, April 14, 2026, at Nasdaq MarketSite in New York City. Management is scheduled to present at 9:30 A.M. Eastern Time and will also be available for meetings with registered attendees throughout the day.A live and archived webcast of the Company's presentation will be available on the Events page of the Company's website. To request a meeting with management, portfolio managers and analysts should contact their Centri representative or Register Here to attend the conference.About the Centri Capital ConferenceThe Centri Capital Conference will feature a selective lineup of high-growth companies spanning healthcare, life sciences, disruptive technology, and other rapidly growing sectors. Attendees will have the opportunity to engage in 1:1 investor meetings, gain market insights, and hear directly from industry leaders, investors, and advisors on pressing topics.About Peraso, Inc.Peraso Inc. (NASDAQ:PRSO) is a pioneer in high-performance 60 GHz unlicensed and 5G mmWave wireless technology, offering chipsets, modules, software and IP. Peraso supports a variety of applications, including fixed wireless access, military, immersive video, and factory automation. For additional information, please visit www.perasoinc.com.Peraso and the Peraso logo are registered trademarks of Peraso Inc. in the U.S. and/or other countries.Investor Relations Contact
Shelton Group
Brett Perry
214-272-0070
sheltonir@sheltongroup.comSOURCE: Peraso Inc.View the original press release on ACCESS NewswireOriginal: Peraso to Present at the Centri Capital Conference

Peraso to Present at the Investor Summit Virtual ConferenceMarch 23, 2026 4:05 PM
ACCESS NewswireSAN JOSE, CA / ACCESS Newswire / March 23, 2026 / Peraso Inc. (NASDAQ:PRSO) ("Peraso" or the "Company"), a pioneer in mmWave wireless technology solutions, today announced that Ron Glibbery, CEO, and Jim Sullivan, CFO, will present at the Investor Summit Virtual Conference on Wednesday, March 25, 2026 at 2:30 p.m. Eastern Time.A live webcast and replay of the Company's presentation will be available in the Events & Presentations section of Peraso's Investor Relations website at: https://investors.perasoinc.com.About Peraso Inc.Peraso Inc. (NASDAQ: PRSO) is a pioneer in high-performance 60 GHz unlicensed and 5G mmWave wireless technology, offering chipsets, modules, software and IP. Peraso supports a variety of applications, including fixed wireless access, military, immersive video, and factory automation. For additional information, please visit www.perasoinc.com.Peraso and the Peraso logo are registered trademarks of Peraso Inc. in the U.S. and/or other countries.Investor Relations Contact
Shelton Group
Brett Perry
214-272-0070
sheltonir@sheltongroup.comSOURCE: Peraso Inc.View the original press release on ACCESS NewswireOriginal: Peraso to Present at the Investor Summit Virtual Conference

$PRSO Peraso Announces Fourth Quarter and Full Year 2025 Results

https://www.accessnewswire.com/newsroom/en/computers-technology-and-internet/peraso-announces-fourth-quarter-and-full-year-2025-results-1148123

Full Year mmWave Product Revenue Increased 6x Year-over-Year

SAN JOSE, CA / ACCESS Newswire / March 16, 2026 / Peraso Inc. (NASDAQ:PRSO) ("Peraso" or the "Company"), a pioneer in mmWave wireless technology solutions, today announced financial results for the fourth quarter and full year ended December 31, 2025.

Management Commentary

"We closed out 2025 with a solid fourth quarter that was in line with our guidance range and supported by continued year-over-year growth in mmWave product shipments," commented Ron Glibbery, CEO of Peraso. "For the full year, revenue from our mmWave products grew six-fold over 2024. Together with healthy gross margins and disciplined expense management, this contributed meaningful improvement to our year-over-year bottom-line results.

"Over the past several months, we have demonstrated steady progress on expanding the adoption of our 60 GHz mmWave technology, as we have secured multiple design wins with new and existing customers. In the fixed wireless market, we continued to improve our position as the dominant supplier of 60 GHz semiconductors with MikroTik's launch of its next-generation 60 GHz wireless device. In the tactical communications market, our existing Israeli defense customer, InTACT, selected Peraso's mmWave wireless technology to enable secure data transmission for next-generation drone Identification Friend or Foe systems. Notably, we are seeing growing demand for extremely high data rate applications, particularly in congested environments where existing wireless technologies such as Wi-Fi can fail due to interference issues. This trend was highlighted by our recently announced collaboration with Virewirx, which is developing 60 GHz multi-gigabit connectivity solutions for robotaxi applications that require download rates in the order of 1 terabit per hour. As conventional Wi-Fi and 5G solutions can become oversaturated at these data rates, customers are increasingly turning to 60 GHz mmWave technology as an alternative.

"Looking ahead for the remainder of 2026, we are encouraged by the growing market awareness of 60 GHz wireless technology and its ability to efficiently deliver high-bandwidth, secure connectivity in congested operating environments. Our focus remains on broadening our customer base and pipeline of design wins within both fixed wireless access and tactical communications, while also selectively capitalizing on high-growth opportunities for Peraso's mmWave-based solutions in adjacent markets."

Fourth Quarter 2025 Financial Results

Total net revenue for the fourth quarter of 2025 was $2.9 million, compared with $3.2 million in the prior quarter and $3.7 million in the same quarter a year ago. Product revenue for the fourth quarter of 2025 was $2.8 million, compared with $3.1 million in the prior quarter and $3.7 million in the same quarter a year ago. The year over year decrease in product revenue for the fourth quarter of 2025 was primarily attributable to lower shipments of our memory IC products, partially offset by increased shipments of our mmWave products.

GAAP gross margin for the fourth quarter of 2025 was 52.2%, compared with 56.2% in the prior quarter and 56.3% in the same quarter a year ago. On a non-GAAP basis, gross margin for the fourth quarter of 2025 was also 52.2%, compared with 56.2% in the prior quarter and 71.6% in the same quarter a year ago. The sequential decrease in both the GAAP and non-GAAP gross margins for the fourth quarter of 2025 was primarily attributable to the reduction in shipments of memory IC products.

Total operating expenses on a GAAP basis for the fourth quarter of 2025 were $2.8 million, compared with $3.0 million in the prior quarter and $3.7 million in the same quarter a year ago. Operating expenses on a non-GAAP basis for the fourth quarter of 2025, which excluded stock-based compensation, were $2.7 million compared with $2.9 million in the prior quarter and $3.2 million in the same quarter a year ago. The year-over-year decrease in fourth quarter 2025 operating expenses on a GAAP basis was primarily attributable to reduced stock-based compensation expense and amortization expense related to intangible assets, which were fully amortized as of December 31, 2024.

GAAP net loss for the fourth quarter of 2025 was $1.2 million, or ($0.13) per share, compared with a net loss of $1.2 million, or ($0.17) per share, in the prior quarter, and a net loss of $1.6 million, or ($0.37) per share, in the fourth quarter 0f 2024. Non-GAAP net loss, which excludes stock-based compensation, amortization of intangibles, severance costs and changes in fair value of warrant liabilities, for the fourth quarter of 2025 was $1.2 million, or ($0.13) per share, compared with a net loss of $1.1 million, or ($0.15) per share, in the prior quarter and a net loss of $0.5 million, or ($0.13) per share, in the fourth quarter of 2024.

Adjusted EBITDA for the fourth quarter of 2025 was negative $1.1 million, compared with negative $1.0 million in the prior quarter and negative $0.4 million in the same quarter last year.

A reconciliation of GAAP to non-GAAP results and GAAP net loss to Adjusted EBITDA is provided in the financial statement tables following the text of this press release.

Full Year 2025 Financial Results

Total net revenue for 2025 was $12.2 million compared with $14.6 million in the prior year. Product revenue in 2025 was $11.8 million, compared with $14.2 million in 2024. The decreases in total net revenue and product revenue were attributable to decreased shipments of memory IC products, partially offset by increased shipments of mmWave products.

GAAP gross margin for 2025 was 58.0%, compared with 51.7% for 2024. On a non-GAAP basis, gross margin for 2025 was 58.0%, compared with 67.2% for 2024. The year-over-year increase in GAAP gross margin primarily reflected increased mmWave margins due to increased shipments and an increase in memory IC product margins, due to reduced amortization expense related to intangible assets, which were fully amortized as of December 31, 2024. The decrease in gross margin on a non-GAAP basis reflected the reduction in memory IC shipments during 2025.

Total operating expenses on a GAAP basis for 2025 were $11.8 million, compared with operating expenses of $20.0 million for 2024. Total non-GAAP operating expenses for 2025, excluding stock-based compensation expenses, severance costs and amortization of intangible assets, were $11.3 million, compared with $14.9 million in 2024. The decrease in operating expenses on a non-GAAP basis for full year 2025 compared with 2024 was primarily attributable to a $1.8 million decrease in software license obligation costs and the benefits realized from previously implemented cost reductions and ongoing cost containment initiatives. A reconciliation of GAAP results to non-GAAP results is provided in the financial statement tables following the text of this press release.

GAAP net loss for 2025 was $4.8 million, or ($0.67) per share, compared with a net loss of $10.7 million, or ($3.57) per share, for 2024.

Non-GAAP net loss for 2025 was $4.3 million, or ($0.60) per share, compared with a net loss of $5.1 million, or ($1.71) per share, in 2024. Adjusted EBITDA for 2025 was a negative $4.0 million, compared with a negative $4.5 million for 2024.

Earnings Conference Call and Webcast Information

Ron Glibbery, CEO, and Jim Sullivan, CFO, will host a conference call and webcast with slides today, March 16th, at 1:30 p.m. Pacific Time.

Date: Monday, March 16, 2026
Time: 1:30 p.m. Pacific Time (4:30 p.m. Eastern Time)
Conference Call Number: 1-888-545-0523
International Call Number: +1-973-528-0016
Participant Access Code: 703174
Webcast and Slides: Click Here

Peraso Announces Fourth Quarter and Full Year 2025 ResultsMarch 16, 2026 4:05 PM
ACCESS NewswireFull Year mmWave Product Revenue Increased 6x Year-over-YearSAN JOSE, CA / ACCESS Newswire / March 16, 2026 / Peraso Inc. (NASDAQ:PRSO) ("Peraso" or the "Company"), a pioneer in mmWave wireless technology solutions, today announced financial results for the fourth quarter and full year ended December 31, 2025.Management Commentary"We closed out 2025 with a solid fourth quarter that was in line with our guidance range and supported by continued year-over-year growth in mmWave product shipments," commented Ron Glibbery, CEO of Peraso. "For the full year, revenue from our mmWave products grew six-fold over 2024. Together with healthy gross margins and disciplined expense management, this contributed meaningful improvement to our year-over-year bottom-line results."Over the past several months, we have demonstrated steady progress on expanding the adoption of our 60 GHz mmWave technology, as we have secured multiple design wins with new and existing customers. In the fixed wireless market, we continued to improve our position as the dominant supplier of 60 GHz semiconductors with MikroTik's launch of its next-generation 60 GHz wireless device. In the tactical communications market, our existing Israeli defense customer, InTACT, selected Peraso's mmWave wireless technology to enable secure data transmission for next-generation drone Identification Friend or Foe systems. Notably, we are seeing growing demand for extremely high data rate applications, particularly in congested environments where existing wireless technologies such as Wi-Fi can fail due to interference issues. This trend was highlighted by our recently announced collaboration with Virewirx, which is developing 60 GHz multi-gigabit connectivity solutions for robotaxi applications that require download rates in the order of 1 terabit per hour. As conventional Wi-Fi and 5G solutions can become oversaturated at these data rates, customers are increasingly turning to 60 GHz mmWave technology as an alternative."Looking ahead for the remainder of 2026, we are encouraged by the growing market awareness of 60 GHz wireless technology and its ability to efficiently deliver high-bandwidth, secure connectivity in congested operating environments. Our focus remains on broadening our customer base and pipeline of design wins within both fixed wireless access and tactical communications, while also selectively capitalizing on high-growth opportunities for Peraso's mmWave-based solutions in adjacent markets."Fourth Quarter 2025 Financial ResultsTotal net revenue for the fourth quarter of 2025 was $2.9 million, compared with $3.2 million in the prior quarter and $3.7 million in the same quarter a year ago. Product revenue for the fourth quarter of 2025 was $2.8 million, compared with $3.1 million in the prior quarter and $3.7 million in the same quarter a year ago. The year over year decrease in product revenue for the fourth quarter of 2025 was primarily attributable to lower shipments of our memory IC products, partially offset by increased shipments of our mmWave products.GAAP gross margin for the fourth quarter of 2025 was 52.2%, compared with 56.2% in the prior quarter and 56.3% in the same quarter a year ago. On a non-GAAP basis, gross margin for the fourth quarter of 2025 was also 52.2%, compared with 56.2% in the prior quarter and 71.6% in the same quarter a year ago. The sequential decrease in both the GAAP and non-GAAP gross margins for the fourth quarter of 2025 was primarily attributable to the reduction in shipments of memory IC products.Total operating expenses on a GAAP basis for the fourth quarter of 2025 were $2.8 million, compared with $3.0 million in the prior quarter and $3.7 million in the same quarter a year ago. Operating expenses on a non-GAAP basis for the fourth quarter of 2025, which excluded stock-based compensation, were $2.7 million compared with $2.9 million in the prior quarter and $3.2 million in the same quarter a year ago. The year-over-year decrease in fourth quarter 2025 operating expenses on a GAAP basis was primarily attributable to reduced stock-based compensation expense and amortization expense related to intangible assets, which were fully amortized as of December 31, 2024.GAAP net loss for the fourth quarter of 2025 was $1.2 million, or ($0.13) per share, compared with a net loss of $1.2 million, or ($0.17) per share, in the prior quarter, and a net loss of $1.6 million, or ($0.37) per share, in the fourth quarter 0f 2024. Non-GAAP net loss, which excludes stock-based compensation, amortization of intangibles, severance costs and changes in fair value of warrant liabilities, for the fourth quarter of 2025 was $1.2 million, or ($0.13) per share, compared with a net loss of $1.1 million, or ($0.15) per share, in the prior quarter and a net loss of $0.5 million, or ($0.13) per share, in the fourth quarter of 2024.Adjusted EBITDA for the fourth quarter of 2025 was negative $1.1 million, compared with negative $1.0 million in the prior quarter and negative $0.4 million in the same quarter last year.A reconciliation of GAAP to non-GAAP results and GAAP net loss to Adjusted EBITDA is provided in the financial statement tables following the text of this press release.Full Year 2025 Financial ResultsTotal net revenue for 2025 was $12.2 million compared with $14.6 million in the prior year. Product revenue in 2025 was $11.8 million, compared with $14.2 million in 2024. The decreases in total net revenue and product revenue were attributable to decreased shipments of memory IC products, partially offset by increased shipments of mmWave products.GAAP gross margin for 2025 was 58.0%, compared with 51.7% for 2024. On a non-GAAP basis, gross margin for 2025 was 58.0%, compared with 67.2% for 2024. The year-over-year increase in GAAP gross margin primarily reflected increased mmWave margins due to increased shipments and an increase in memory IC product margins, due to reduced amortization expense related to intangible assets, which were fully amortized as of December 31, 2024. The decrease in gross margin on a non-GAAP basis reflected the reduction in memory IC shipments during 2025.Total operating expenses on a GAAP basis for 2025 were $11.8 million, compared with operating expenses of $20.0 million for 2024. Total non-GAAP operating expenses for 2025, excluding stock-based compensation expenses, severance costs and amortization of intangible assets, were $11.3 million, compared with $14.9 million in 2024. The decrease in operating expenses on a non-GAAP basis for full year 2025 compared with 2024 was primarily attributable to a $1.8 million decrease in software license obligation costs and the benefits realized from previously implemented cost reductions and ongoing cost containment initiatives. A reconciliation of GAAP results to non-GAAP results is provided in the financial statement tables following the text of this press release.GAAP net loss for 2025 was $4.8 million, or ($0.67) per share, compared with a net loss of $10.7 million, or ($3.57) per share, for 2024.Non-GAAP net loss for 2025 was $4.3 million, or ($0.60) per share, compared with a net loss of $5.1 million, or ($1.71) per share, in 2024. Adjusted EBITDA for 2025 was a negative $4.0 million, compared with a negative $4.5 million for 2024.Earnings Conference Call and Webcast InformationRon Glibbery, CEO, and Jim Sullivan, CFO, will host a conference call and webcast with slides today, March 16th, at 1:30 p.m. Pacific Time.Date: Monday, March 16, 2026
Time: 1:30 p.m. Pacific Time (4:30 p.m. Eastern Time)
Conference Call Number: 1-888-545-0523
International Call Number: +1-973-528-0016
Participant Access Code: 703174
Webcast and Slides: Click HereFor those unable to listen to the live Web broadcast, it will be archived on the Company's website, and can be accessed by visiting the Company's investor page at https://investors.perasoinc.com/events-presentations. A replay of the conference call will also be available through March 23, 2026 and can be accessed by calling 1-877-481-4010, and using passcode 53686. International callers should dial 1-919-882-2331 and enter the same passcode at the prompt. Any supporting materials referenced during the live broadcast will be made available in the Investor Relations section of the Company's website following the conclusion of the conference call.Use of Non-GAAP Financial MeasuresTo supplement Peraso's consolidated financial statements presented in accordance with GAAP, Peraso uses non-GAAP financial measures that exclude from the statement of operations the effects of stock-based compensation,amortization of reported intangible assets, severance costs, and the change in fair value of warrant liabilities. Peraso's management believes that the presentation of these non-GAAP financial measures is useful to investors and other interested persons because they are one of the primary indicators that Peraso's management uses for planning and forecasting future performance. The press release also makes reference to and reconciles GAAP net income (loss) and adjusted EBITDA, which the Company defines as GAAP net income (loss) before interest expense, the income tax provision, and depreciation and amortization, as well as stock-based compensation, amortization of reported intangible assets, severance costs, and the change in fair value of warrant liabilities. Management believes that the presentation of non-GAAP financial measures that exclude these items is useful to investors because management does not consider these charges part of the day-to-day business or reflective of the core operational activities of the Company that are within the control of management or that would be used to evaluate management's operating performance.Investors are encouraged to review the reconciliations of these non-GAAP financial measures to the comparable GAAP results, which are provided in tables below the Condensed Consolidated Statements of Operations. The non-GAAP financial measures disclosed by the Company should not be considered a substitute for, or superior to, financial measures calculated in accordance with GAAP, and the financial results calculated in accordance with GAAP and reconciliations to those financial statements should be carefully evaluated. The non-GAAP financial measures used by the Company may be calculated differently from, and therefore may not be comparable to, similarly titled measures used by other companies. For additional information regarding these non-GAAP financial measures, and management's explanation of why it considers such measures to be useful, refer to the Current Report on Form 8-K dated March 16, 2026 filed by the Company with the Securities and Exchange Commission.Forward-Looking StatementsThis press release may contain forward-looking statements about the Company, including, without limitation, the Company's expectations regarding growth prospects for the Company's products and the Company's 2026 revenue and gross margin trends. Forward-looking statements are based on certain assumptions and expectations of future events that are subject to risks and uncertainties. Actual results and trends may differ materially from historical results or those projected in any such forward-looking statements depending on a variety of factors. These factors include, but are not limited, to the following:the Company's ability to continue as a going concern;the Company's ability to raise additional capital to fund its operations;the Company's ability to maintain compliance with the continued listing requirements and standards of the Nasdaq Stock Market;risks related to the process of reviewing and exploring potential strategic alternatives, which may be time-consuming, distracting, and disruptive to the Company's business operations;the timing of customer orders and product shipments;risks related to pandemics, wars and terrorist activities that may have an adverse impact on the Company's business and financial results and result in component shortages and increased lead times that may negatively impact the Company's ability to ship its products;inflationary and tariff risks;customer concentrations and length of billing and collection cycles, which may be impacted in the event of a global recession or economic downturn;lengthy sales cycle;ability to enhance the Company's existing proprietary technologies and develop new technologies;achieving additional design wins for the Company's products through the acceptance and adoption of its technology by potential customers and their suppliers;difficulties and delays in the production, testing and marketing of the Company's products;reliance on manufacturing partners to assist successfully with the fabrication of and production of the Company's products;impacts of the end-of-life of the Company's memory products;availability of quantities of the Company's products supplied by its manufacturing partners at a competitive cost;level of intellectual property protection provided by the Company's patents, the expenses and other consequences of litigation, including intellectual property infringement litigation, to which the Company may be or may become a party from time to time;vigor and growth of markets served by the Company's customers and its operations; andother risks identified in the Company's public filings it makes with the Securities and Exchange Commission.Peraso does not intend to update publicly any forward-looking statement for any reason, except as required by law, even as new information becomes available or other events occur in the future.About Peraso Inc.Peraso Inc. (NASDAQ:PRSO) is a pioneer in high-performance 60 GHz unlicensed and 5G mmWave wireless technology, offering chipsets, antenna modules, software and IP. Peraso supports a variety of applications, including fixed wireless access, tactical communications, immersive video and factory automation. For additional information, please visit www.perasoinc.com.Company Contact:Jim Sullivan, CFO
Peraso Inc.
P: 408-418-7500
E: jsullivan@perasoinc.comInvestor Relations Contacts:Shelton Group
Brett L. Perry | Leanne K. Sievers
P: 214-272-0070
E: sheltonir@sheltongroup.comPERASO INC.
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(In thousands, except per share amounts; unaudited) Three Months Ended Twelve Months Ended December 31, December 31, 2025 2024 2025 2024 Net Revenue Product $2,764 $3,652 $11,845 $14,248 Royalty and other 105 26 348 325 Total net revenue 2,869 3,678 12,193 14,573 Cost of Net Revenue 1,372 1,609 5,126 7,040 Gross Profit 1,497 2,069 7,067 7,533 Operating Expenses Research and development 1,472 1,617 6,245 9,232 Selling, general and administrative 1,304 2,081 5,805 8,673 Severance and software license obligations - - (223) 2,063 Total operating expenses 2,776 3,698 11,827 19,968 Loss from operations (1,279) (1,629) (4,760) (12,435) Change in fair value of warrant liabilities 40 44 31 1,693 Other income (expense), net (4) 25 (24) 14 Net loss $(1,243) $(1,560) $(4,753) $(10,728) Net loss per share Basic and diluted $(0.13) $(0.37) $(0.67) $(3.57) Shares used in computing net loss per share Basic and diluted 9,235 4,269 7,064 3,002 PERASO INC.
CONDENSED CONSOLIDATED BALANCE SHEETS
(In thousands, unaudited) December 31, 2025 2024 Assets Current assets: Cash and cash equivalents $2,886 $3,344 Accounts receivable, net 1,219 682 Inventories 1,168 2,079 Prepaid expenses and other 195 188 Total current assets 5,468 6,293 Property and equipment, net 363 512 Right-of-use lease assets 143 267 Other 105 134 Total assets $6,079 $7,206 Liabilities and Stockholders' Equity Current liabilities: Accounts payable $679 $1,036 Deferred revenue 8 341 Short-term lease liabilities 95 139 Accrued expenses and other 540 1,987 Total current liabilities 1,322 3,503 Long-term lease liabilities 97 182 Warrant liabilities 24 55 Total liabilities 1,443 3,740 Stockholders' equity 4,636 3,466 Total liabilities and stockholders' equity $6,079 $7,206 PERASO INC.
Reconciliation of GAAP to Non-GAAP Net Loss and Net Loss Per Share
(In thousands, except per share amounts; unaudited) Three Months Ended Twelve Months Ended December 31, December 31, 2025 2024 2025 2024 GAAP net loss $(1,243) $(1,560) $(4,753) $(10,728)Stock-based compensation expense - Research and development 70 116 292 1,979 - Selling, general and administrative 54 136 229 1,610 Total stock-based compensation expense 124 252 521 3,589 Amortization of intangibles (1) - Cost of net revenue - 564 - 2,255 - Selling, general and administrative - 252 - 1,007 Total amortization of intangible assets - 816 - 3,262 Severance costs - Research and development - - - 441 - Selling, general and administrative - - - 5 Total severance costs - - - 446 Change in fair value of warrant liabilities (40) (44) (31) (1,693) Non-GAAP net loss $(1,159) $(536) $(4,263) $(5,124) GAAP net loss per share $(0.13) $(0.37) $(0.67) $(3.57)Reconciling items - Stock-based compensation expense - 0.06 0.07 1.19 - Amortization of intangible assets (1) - 0.19 - 1.08 - Severance costs - - - 0.15 Change in fair value of warrant liabilities - (0.01) - (0.56) Non-GAAP net loss per share $(0.13) $(0.13) $(0.60) $(1.71) Shares used in computing non-GAAP net loss per share Basic and diluted 9,235 4,269 7,064 3,002 (1) Non-cash charges for amortization of intangibles arising from acquired assets. These charges are included in cost of net revenue and selling, general and administrative expenses.PERASO INC.
Reconciliation of GAAP Gross Profit to Non-GAAP Gross Profit
(In thousands, except percentages; unaudited) Three Months Ended Twelve Months Ended December 31, 2025 December 31, 2025 GAAP gross profit $1,49752.2% $7,06758.0%Reconciling items: - Amortization of intangibles -0.0% -0.0% Non-GAAP gross profit $1,49752.2% $7,06758.0% Three Months Ended Twelve Months Ended December 31, 2024 December 31, 2024 GAAP gross profit $2,06956.3% $7,53351.7%Reconciling items: - Amortization of intangibles 56415.3% 2,25515.5% Non-GAAP gross profit $2,63371.6% $9,78867.2%PERASO INC.
Reconciliation of GAAP and Non-GAAP Financial Information
(In thousands; unaudited) Three Months Ended Twelve Months Ended December 31, December 31, 2025 2024 2025 2024 Reconciliation of GAAP net loss and adjusted EBITDA GAAP net loss $(1,243) $(1,560) $(4,753) $(10,728)Stock-based compensation expense - Research and development 70 116 292 1,979 - Selling, general and administrative 54 136 229 1,610 Stock-based compensation expense 124 252 521 3,589 Amortization of intangibles (1) - 816 - 3,262 Severance costs - - - 446 Change in fair value of warrant liabilities (40) (44) (31) (1,693) Non-GAAP net loss (1,159) (536) (4,263) (5,124)EBITDA adjustments: - Depreciation and amortization 67 133 263 651 - Interest expense - 2 1 11 Adjusted EBITDA $(1,092) $(401) $(3,999) $(4,462)(1) Non-cash charges for amortization of intangibles arising from acquired assets. These charges are included in cost of net revenue and selling, general and administrative expenses.SOURCE: Peraso Inc.View the original press release on ACCESS NewswireOriginal: Peraso Announces Fourth Quarter and Full Year 2025 Results

$PRSO Peraso to Announce Fourth Quarter and Full Year 2025 Financial Results

https://www.accessnewswire.com/newsroom/en/computers-technology-and-internet/peraso-to-announce-fourth-quarter-and-full-year-2025-financial-re-1146317

SAN JOSE, CA / ACCESS Newswire / March 11, 2026 / Peraso Inc. (NASDAQ:PRSO) ("Peraso" or the "Company"), a pioneer in mmWave wireless technology solutions, today announced the Company will release its fourth quarter and full year 2025 financial results on Monday, March 16, 2026, after the market close, followed by a conference call at 1:30 p.m. Pacific Time to discuss the Company's results and business outlook.

Conference Call and Webcast Information
Date: Monday, March 16, 2026
Time: 1:30 p.m. Pacific Time (4:30 p.m. Eastern Time)
Conference Call Number: 1-877-545-0523
International Call Number: +1-973-528-0016
Passcode: 703174
Webcast and Slides: Click Here

For those unable to listen to the live Web broadcast, an archived webcast can be accessed by visiting the Company's investor relations page at www.perasoinc.com. A replay of the conference call will also be available through March 23, 2026, and can be accessed by calling 1-877-481-4010 and using passcode 53686. International callers should dial 1-919-882-2331 and enter the same passcode at the prompt. Any supporting materials referenced during the live broadcast will be made available on the Investor Relations section of the Company's website following the conclusion of the conference call.

Peraso to Announce Fourth Quarter and Full Year 2025 Financial ResultsMarch 11, 2026 4:05 PM
ACCESS NewswireSAN JOSE, CA / ACCESS Newswire / March 11, 2026 / Peraso Inc. (NASDAQ:PRSO) ("Peraso" or the "Company"), a pioneer in mmWave wireless technology solutions, today announced the Company will release its fourth quarter and full year 2025 financial results on Monday, March 16, 2026, after the market close, followed by a conference call at 1:30 p.m. Pacific Time to discuss the Company's results and business outlook.Conference Call and Webcast Information
Date: Monday, March 16, 2026
Time: 1:30 p.m. Pacific Time (4:30 p.m. Eastern Time)
Conference Call Number: 1-877-545-0523
International Call Number: +1-973-528-0016
Passcode: 703174
Webcast and Slides: Click HereFor those unable to listen to the live Web broadcast, an archived webcast can be accessed by visiting the Company's investor relations page at www.perasoinc.com. A replay of the conference call will also be available through March 23, 2026, and can be accessed by calling 1-877-481-4010 and using passcode 53686. International callers should dial 1-919-882-2331 and enter the same passcode at the prompt. Any supporting materials referenced during the live broadcast will be made available on the Investor Relations section of the Company's website following the conclusion of the conference call.About Peraso Inc.
Peraso Inc. (NASDAQ: PRSO) is a pioneer in high-performance 60 GHz unlicensed and 5G mmWave wireless technology, offering chipsets, modules, software and IP. Peraso supports a variety of applications, including fixed wireless access, military, immersive video, and factory automation. For additional information, please visit www.perasoinc.com.Peraso and the Peraso logo are registered trademarks of Peraso Inc. in the U.S. and/or other countries.Investor Relations Contact
Shelton Group
Brett L. Perry
P: 214-272-0070
E: sheltonir@sheltongroup.comSOURCE: Peraso Inc.View the original press release on ACCESS NewswireOriginal: Peraso to Announce Fourth Quarter and Full Year 2025 Financial Results

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PRSO Institutional Holdings
Ownership Summary
Institutional Ownership 4.00%
Total Shares Outstanding (millions) 9

Active Positions | Holders | Shares
Increased Positions | 10 | 139,547
Decreased Positions | 9 | 117,200
Held Positions | 5 | 115,573
Total Institutional Shares | 24 | 372,320

https://www.nasdaq.com/market-activity/stocks/prso/institutional-holdings

=================

PRSO Number of Insider Shares Traded
Insider Trade | 3 Months | 12 Months
Number of Shares Bought | 200,000 | 200,000
Number of Shares Sold | 0 | 197

https://www.nasdaq.com/market-activity/stocks/prso/insider-activity

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PRSO...............................p/m

$PRSO Peraso 60 GHz mmWave Technology Selected for Next-Generation Drone Identification System for Military Applications

https://www.accessnewswire.com/newsroom/en/computers-technology-and-internet/peraso-60-ghz-mmwave-technology-selected-for-next-generation-dron-1144570

Peraso Solutions Enable Secure Drone Communications in InTACT's Advanced Identification Platform

SAN JOSE, CALIFORNIA / ACCESS Newswire / March 6, 2026 / Peraso Inc. (NASDAQ:PRSO) ("Peraso") today announced that its 60 GHz millimeter-wave (mmWave) semiconductor technology has been selected by InTACT, an Israeli defense contractor, for use in a new drone Identification Friend or Foe (IFF) system designed to operate in highly contested electronic warfare environments.

As modern battlefields become increasingly saturated with unmanned systems, the ability to quickly and reliably identify friendly drones has become a critical operational requirement for military forces. InTACT's IFF system enables secure identification between drones and ground forces, allowing counter-drone systems and battlefield operators to determine whether aerial platforms are friendly or hostile.

At the core of the system, Peraso's 60 GHz beamforming wireless transceivers provide the communications backbone for highly directional, low-power links that reduce the likelihood of detection or interception, making them well suited for dense electronic warfare environments.

"With the rapid proliferation of drones on the battlefield, secure identification systems are becoming essential to prevent friendly-fire incidents and enable safe coordination between unmanned and manned forces," said Ron Glibbery, CEO of Peraso. "Our 60 GHz mmWave technology is designed to provide a secure, directional communications channel ideally suited for these environments, enabling advanced systems such as the IFF platform developed by InTACT."

Modern military operations increasingly rely on large numbers of drones performing reconnaissance, strike, logistics, and electronic warfare missions, creating what military planners often describe as a "cluttered sky." In such environments, the ability to rapidly distinguish between friendly and hostile systems is essential for both force protection and operational effectiveness.

The IFF system addresses this challenge by enabling mutual authentication between drones and ground forces, providing real-time identification capabilities that support infantry units, command systems, and counter-UAS defenses. The platform is designed to operate reliably in contested electromagnetic environments, where traditional radio communications can be easily detected or jammed.

"In modern warfare, identification systems must be secure, resilient, and extremely difficult for adversaries to detect or disrupt," said Meir Rapaport, CEO of InTACT. "By leveraging Peraso's advanced 60 GHz mmWave technology, we have been able to develop a stealthy and robust identification solution designed specifically for drone-dense battlefields."

InTACT's IFF solution, powered by Peraso's mmWave semiconductor chips, offers several key advantages for tactical communications systems, including:

Highly directional beamforming communications

Low probability of detection and interception

Low power consumption for battery-operated platforms

Compact integration for drones and soldier-borne systems

Peraso Inc. and InTACT have collaborated for more than two years to develop the technology used to deploy tactical drone identification applications. To learn more about Peraso's mmWave solutions, please visit www.perasoinc.com.

this is big imo~
$PRSO flying up this morning

Peraso 60 GHz mmWave Technology Selected for Next-Generation Drone Identification System for Military ApplicationsMarch 6, 2026 8:00 AM
ACCESS NewswirePeraso Solutions Enable Secure Drone Communications in InTACT's Advanced Identification PlatformSAN JOSE, CALIFORNIA / ACCESS Newswire / March 6, 2026 / Peraso Inc. (NASDAQ:PRSO) ("Peraso") today announced that its 60 GHz millimeter-wave (mmWave) semiconductor technology has been selected by InTACT, an Israeli defense contractor, for use in a new drone Identification Friend or Foe (IFF) system designed to operate in highly contested electronic warfare environments.As modern battlefields become increasingly saturated with unmanned systems, the ability to quickly and reliably identify friendly drones has become a critical operational requirement for military forces. InTACT's IFF system enables secure identification between drones and ground forces, allowing counter-drone systems and battlefield operators to determine whether aerial platforms are friendly or hostile.At the core of the system, Peraso's 60 GHz beamforming wireless transceivers provide the communications backbone for highly directional, low-power links that reduce the likelihood of detection or interception, making them well suited for dense electronic warfare environments."With the rapid proliferation of drones on the battlefield, secure identification systems are becoming essential to prevent friendly-fire incidents and enable safe coordination between unmanned and manned forces," said Ron Glibbery, CEO of Peraso. "Our 60 GHz mmWave technology is designed to provide a secure, directional communications channel ideally suited for these environments, enabling advanced systems such as the IFF platform developed by InTACT."Modern military operations increasingly rely on large numbers of drones performing reconnaissance, strike, logistics, and electronic warfare missions, creating what military planners often describe as a "cluttered sky." In such environments, the ability to rapidly distinguish between friendly and hostile systems is essential for both force protection and operational effectiveness.The IFF system addresses this challenge by enabling mutual authentication between drones and ground forces, providing real-time identification capabilities that support infantry units, command systems, and counter-UAS defenses. The platform is designed to operate reliably in contested electromagnetic environments, where traditional radio communications can be easily detected or jammed."In modern warfare, identification systems must be secure, resilient, and extremely difficult for adversaries to detect or disrupt," said Meir Rapaport, CEO of InTACT. "By leveraging Peraso's advanced 60 GHz mmWave technology, we have been able to develop a stealthy and robust identification solution designed specifically for drone-dense battlefields."InTACT's IFF solution, powered by Peraso's mmWave semiconductor chips, offers several key advantages for tactical communications systems, including:Highly directional beamforming communicationsLow probability of detection and interceptionLow power consumption for battery-operated platformsCompact integration for drones and soldier-borne systemsPeraso Inc. and InTACT have collaborated for more than two years to develop the technology used to deploy tactical drone identification applications. To learn more about Peraso's mmWave solutions, please visit www.perasoinc.com.About Peraso Inc.
Peraso Inc. (NASDAQ:PRSO) is a pioneer in high-performance 60 GHz unlicensed and 5G mmWave wireless technology, offering chipsets, modules, software, and IP. Peraso supports a variety of applications, including fixed wireless access, military, immersive video, and factory automation. For additional information, please visit www.perasoinc.com.Forward-Looking StatementsThis press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which are intended to be covered by the "safe harbor" created by those sections. All statements in this release that are not based on historical fact are "forward-looking statements." These statements may be identified by words such as "estimates," "anticipates," "projects," "plans," "strategy," "goal," or "planned," "seeks," "may," "might", "will," "expects," "intends," "believes," "should," and similar expressions, or the negative versions thereof, and which also may be identified by their context. All statements that address availability, operating performance, and advantages of the products of Peraso and InTACT, the expected benefits of Peraso's collaboration with InTACT and anticipated use of mmWave technology in drone and other military applications, that are not otherwise historical facts, are forward-looking statements.Forward-looking statements are based on certain assumptions and expectations of future events that are subject to risks and uncertainties. Actual results and trends may differ materially from historical results or those projected in any such forward-looking statements depending on a variety of factors. These factors include, but are not limited to, anticipated use of mmWave technology in drone and defense applications, the availability and performance of Peraso's products, reliance on manufacturing partners to assist successfully with the fabrication of Peraso's ICs and modules, availability of quantities of ICs supplied by Peraso's manufacturing partners at a competitive cost, level of intellectual property protection provided by Peraso's patents, vigor and growth of markets served by Peraso's customers and its operations, and other risks, including the risks discussed in Peraso's Securities and Exchange Commission filings. Peraso undertakes no obligation to update publicly any forward-looking statement for any reason, except as required by law, even as new information becomes available or other events occur in the future.###Media Contact
Tyler Weiland
Shelton Group
+1-972-571-7834
tweiland@sheltongroup.comCompany Contact
Ron Glibbery
CEO, Co-FounderSOURCE: Peraso Inc.View the original press release on ACCESS NewswireOriginal: Peraso 60 GHz mmWave Technology Selected for Next-Generation Drone Identification System for Military Applications

Peraso 60 GHz mmWave Technology Selected for Next-Generation Drone Identification System for Military Applications

March 6, 2026

Peraso Solutions Enable Secure Drone Communications in InTACT's Advanced Identification Platform

SAN JOSE, CALIFORNIA / ACCESS Newswire / March 6, 2026 / Peraso Inc. (NASDAQ:PRSO) ("Peraso") today announced that its 60 GHz millimeter-wave (mmWave) semiconductor technology has been selected by InTACT, an Israeli defense contractor, for use in a new drone Identification Friend or Foe (IFF) system designed to operate in highly contested electronic warfare environments.

As modern battlefields become increasingly saturated with unmanned systems, the ability to quickly and reliably identify friendly drones has become a critical operational requirement for military forces. InTACT's IFF system enables secure identification between drones and ground forces, allowing counter-drone systems and battlefield operators to determine whether aerial platforms are friendly or hostile.

At the core of the system, Peraso's 60 GHz beamforming wireless transceivers provide the communications backbone for highly directional, low-power links that reduce the likelihood of detection or interception, making them well suited for dense electronic warfare environments.

"With the rapid proliferation of drones on the battlefield, secure identification systems are becoming essential to prevent friendly-fire incidents and enable safe coordination between unmanned and manned forces," said Ron Glibbery, CEO of Peraso. "Our 60 GHz mmWave technology is designed to provide a secure, directional communications channel ideally suited for these environments, enabling advanced systems such as the IFF platform developed by InTACT."

Modern military operations increasingly rely on large numbers of drones performing reconnaissance, strike, logistics, and electronic warfare missions, creating what military planners often describe as a "cluttered sky." In such environments, the ability to rapidly distinguish between friendly and hostile systems is essential for both force protection and operational effectiveness.

The IFF system addresses this challenge by enabling mutual authentication between drones and ground forces, providing real-time identification capabilities that support infantry units, command systems, and counter-UAS defenses. The platform is designed to operate reliably in contested electromagnetic environments, where traditional radio communications can be easily detected or jammed.

"In modern warfare, identification systems must be secure, resilient, and extremely difficult for adversaries to detect or disrupt," said Meir Rapaport, CEO of InTACT. "By leveraging Peraso's advanced 60 GHz mmWave technology, we have been able to develop a stealthy and robust identification solution designed specifically for drone-dense battlefields."

InTACT's IFF solution, powered by Peraso's mmWave semiconductor chips, offers several key advantages for tactical communications systems, including:

• Highly directional beamforming communications
• Low probability of detection and interception
• Low power consumption for battery-operated platforms
• Compact integration for drones and soldier-borne systems

Peraso Inc. and InTACT have collaborated for more than two years to develop the technology used to deploy tactical drone identification applications. To learn more about Peraso's mmWave solutions, please visit www.perasoinc.com.

About Peraso Inc.
Peraso Inc. (NASDAQ:PRSO) is a pioneer in high-performance 60 GHz unlicensed and 5G mmWave wireless technology, offering chipsets, modules, software, and IP. Peraso supports a variety of applications, including fixed wireless access, military, immersive video, and factory automation. For additional information, please visit www.perasoinc.com.

Media Contact
Tyler Weiland
Shelton Group
+1-972-571-7834
tweiland@sheltongroup.com

Company Contact
Ron Glibbery
CEO, Co-Founder

SOURCE: Peraso Inc.

$PRSO 💹

PRSO $0.955 +2.93% - Perfect defense/AI crossover. Mobix Labs all-stock premium IOI + Virewirx 60GHz Robotaxi data links + Benchmark $3 PT. mmWave semis = Tesla fleet + DoD tactical backbone. Q4 $2.8-3.1M guide. $20M?$120M path. Core hold at sub-$1.

$PRSO $MOBX Mobix Labs and Peraso Engage in Further Discussions Regarding a Potential Strategic Transaction

https://www.globenewswire.com/news-release/2026/01/21/3222652/0/en/Mobix-Labs-and-Peraso-Engage-in-Further-Discussions-Regarding-a-Potential-Strategic-Transaction.html

IRVINE, Calif., Jan. 21, 2026 (GLOBE NEWSWIRE) -- Mobix Labs, Inc. (Nasdaq: MOBX) (“Mobix Labs”), a rapidly growing fabless semiconductor and connectivity company serving the defense, aerospace, and high-reliability markets, today announced that it engaged in further discussions with Peraso, Inc. (Nasdaq: PRSO) (“Peraso”) regarding a potential strategic transaction.

Mobix Labs previously announced that the parties had entered into a mutual confidentiality agreement to support discussions. The parties are conducting customary, confidential diligence. While discussions continue, no agreement has yet been reached regarding transaction structure, consideration, timing, or other material terms. There can be no assurance that these discussions will result in a definitive agreement or that any transaction will be consummated.

Mobix Labs has delivered to Peraso a non-binding indication of interest contemplating a potential all-stock transaction at a premium to Peraso’s trading price, subject to further diligence, negotiation, and the execution of definitive documentation. Any such transaction would be subject to customary approvals and conditions.

“We believe there is an important strategic opportunity to explore,” said Phil Sansone, Chief Executive Officer of Mobix Labs. “Peraso’s wireless capabilities are highly complementary to Mobix Labs’ high-reliability connectivity and defense-focused platform. If completed, we believe a combination could accelerate our strategy to build a broader, differentiated technology company positioned for long-cycle, mission-critical markets and meaningful long-term value creation.”

Mobix Labs does not intend to provide further updates unless and until it determines additional disclosure is appropriate or required.

$PRSO news:
https://investorshub.advfn.com/stock-market/NASDAQ/peraso-PRSO/stock-news/97657702/mobix-labs-and-peraso-engage-in-further-discussion

PRSO...............................https://stockcharts.com/sc3/ui/?s=PRSO&p=w&b=5&g=0&id=p86431144783

The appointment of Cees Links to the board on Dec 23 is one of the more underappreciated signals here. This is the wireless veteran who helped create Wi-Fi as we know it, and executives of that caliber typically don’t join microcap boards without a clear strategic objective—either a meaningful commercialization phase or a defined exit path.

With Danelfin AI currently rating $PRSO 8/10 (Buy) and Mobix Labs still at the table with a $1.30 cash proposal, the risk/reward below $1.00 looks increasingly asymmetric.

Just my take, but leadership moves often tell the story before the headlines do. GLTA.

$PRSO Peraso stock rating reiterated by Benchmark on strengthening adoption trends

https://www.investing.com/news/analyst-ratings/peraso-stock-rating-reiterated-by-benchmark-on-strengthening-adoption-trends-93CH-4393720

Investing.com - Benchmark has reiterated a Speculative Buy rating on Peraso, Inc. (NASDAQ:PRSO) with a price target of $3.00, citing strengthening adoption trends across multiple markets. This target represents significant upside potential from the current price of $0.96, though InvestingPro data shows the stock generally trades with high price volatility.

The firm noted that Peraso’s pre-production products increased to a record 12 from 7 last quarter, demonstrating an expanding commercial pipeline. During the quarter, the company secured an order from a leading global Fixed Wireless Access (FWA) equipment provider that serves major service operators.

Benchmark highlighted rising interest in 6 GHz technology opening additional opportunities for Peraso, while recently completed field trials for next-generation tactical communications are driving increased activity from defense customers. The company is also seeing development in adjacent markets including Edge AI, last-mile delivery, drones, and autonomous vehicles.

The qualified pipeline remains robust with over 30 SKUs, now refined to focus on the highest-probability near- and intermediate-term programs. With inventory largely normalized and new development cycles beginning to translate into customer adoption, revenue visibility is improving. InvestingPro data reveals the company posted modest revenue growth of 2.14% over the last twelve months, with total revenue of $13 million.

Benchmark maintained its $3 price target based on strengthening fundamentals and an expanding opportunity set for the company. While the company holds more cash than debt with a healthy current ratio of 2.25, InvestingPro analysis indicates it is not yet profitable. Discover 10+ additional ProTips and comprehensive financial analysis in the Pro Research Report available for Peraso and 1,400+ other US equities.

In other recent news, Peraso Inc. reported a notable increase in revenue for the third quarter of 2025, primarily attributed to its millimeter wave products. The company also shared its revenue guidance for the fourth quarter, projecting figures between $2.8 million and $3.1 million. Despite the positive revenue growth, the company’s stock experienced a decline during regular trading hours. However, it saw a slight recovery in aftermarket trading. These developments come amidst cautious optimism about future earnings. Investors are closely monitoring the company’s performance and market strategies. The recent earnings report has drawn attention from analysts and investors alike.

$PRSO Peraso and Virewirx Collaborate to Provide 60GHz Multi-gigabit Robotaxi Communication Link

https://www.accessnewswire.com/newsroom/en/computers-technology-and-internet/peraso-and-virewirx-collaborate-to-provide-60ghz-multi-gigabit-ro-1111784

SAN JOSE, CALIFORNIA / ACCESS Newswire / November 25, 2025 / Peraso Inc. (NASDAQ:PRSO) ("Peraso") today announced a collaboration with Virewirx Inc. ("Virewirx") to provide its 60 GHz Perspectus™ modules to power the Virewirx VX60 platform. This partnership will enable the VX60 system to deliver multi-gigabit wireless connectivity for robotaxi fleet vehicles and physical AI.

Virewirx has applied its VX60 system to address one of the most pressing challenges in robotaxi fleet deployment - the rapid offload and download of massive data volumes. Operating around the clock, robotaxis generate terabytes of telemetry, including high-resolution video from multiple cameras. As vehicles return to depots for charging, this data must be offloaded efficiently, while software updates are simultaneously delivered. Conventional Wi-Fi and 5G solutions are easily saturated under such demands. The Virewirx VX60 system delivers breakthrough capacity, enabling up to 12 terabytes of data transfer per vehicle per hour. Details of the platform can be found at https://virewirx.com/robotaxi/.

The PRM2146X-D is Peraso's latest Perspectus module, integrating a MAC/PHY with an advanced beamforming mmWave PRS1165 RF integrated circuit and a dual-polarization antenna array. Designed for next-generation mobile applications, the PRM2146X-D intelligently selects the optimal polarization at both ends of the link, facilitating robust, high-speed connectivity, even as the terminal moves or its antenna orientation changes relative to the access point.

Robust Edge Connectivity with Peraso - Virewirx Networking

"This is exactly the kind of challenge our 60 GHz products were designed to solve," said Ron Glibbery, CEO of Peraso. "While humans have a natural limit to how much data we can create or consume, autonomous vehicles and the AI systems that power them process tremendous amounts of data and require immense bandwidth - and that's where our technology excels. We're excited to establish this collaboration with Virewirx, which will further validate the unique performance and capabilities that 60 GHz mmWave can deliver."

Feeding the AI Data Monster

"The robotaxi system is the latest-and certainly the largest scale-application of the Virewirx VX60 platform," said Jason Fiber, CEO of Virewirx. "We've developed a scalable system designed to deliver a seamless user experience across a wide range of applications, including digital entertainment, factory automation, and tactical military communications. We're pleased to work with Peraso as a trusted provider of high-performance hardware with deep expertise in mmWave RF technology."

The demand for multi-gigabit wireless connectivity extends well beyond robotaxi applications. As AI-powered edge computing transforms industrial and municipal operations, wireless networks in automated factories, warehouses, logistics centers, and medical and educational facilities will require high-speed links to move vast volumes of video and sensor data to edge and cloud resources for real-time processing.

$PRSO Peraso Announces Third Quarter 2025 Results


https://www.accessnewswire.com/newsroom/en/computers-technology-and-internet/peraso-announces-third-quarter-2025-results-1099696

mmWave Product Revenue Increases 35% Sequentially to Quarterly Record

SAN JOSE, CA / ACCESS Newswire / November 10, 2025 / 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, 2025.

Management Commentary

"We had a notably strong third quarter, with total revenue increasing more than 45% sequentially driven by record quarterly revenue from our mmWave products," commented Ron Glibbery, CEO of Peraso. "Complementing our top-line growth in the quarter, we delivered solid gross margin, while prudently managing expenses, contributing to improved bottom-line results.

"Also, during the quarter, we secured multiple design wins with both existing and new customers. This included our announced collaboration with WeLink to accelerate the deployment of high-speed broadband across dense urban areas in the U.S. leveraging Peraso's 60 GHz technology. Then, in September, we received an initial production volume order from a new OEM customer valued at $0.9 million for the fixed wireless access equipment market. Most recently, we also completed initial field trials with our lead customer in the tactical communications market for a next-generation, mission-critical defense application.

"Our go-forward focus remains on further expanding our customer base and served markets that can benefit from the high-bandwidth, secure and power-efficient connectivity offered by Peraso's 60 GHz wireless solutions. This includes continuing to convert our pipeline of existing customer engagements into additional design-wins, spanning mmWave fixed wireless access and adjacent new market applications for our 60 GHz solutions."

Third Quarter 2025 Financial Results

Total net revenue for the third quarter of 2025 was $3.2 million, compared with $2.2 million in the prior quarter and $3.8 million in the same quarter a year ago. Product revenue for the third quarter of 2025 was $3.1 million, compared with $2.2 million in the prior quarter and $3.8 million in the same quarter a year ago. The sequential increase in total revenue was primarily attributable to a continued ramp in shipments of mmWave products.

GAAP gross margin for the third quarter of 2025 was 56.2%, compared with 48.3% in the prior quarter and 47.0% in the same quarter a year ago. On a non-GAAP basis, gross margin for the third quarter of 2025 was 56.2%, compared with 48.3% in the prior quarter and 61.7% in the same quarter a year ago. The sequential increase in both the GAAP and non-GAAP gross margins for the third quarter of 2025 was primarily attributable to a more favorable revenue mix of mmWave products and solutions, as well as shipments of inventory written down in prior periods.

Total operating expenses on a GAAP basis for the third quarter of 2025 were $3.0 million, compared with $2.9 million in the prior quarter and $4.5 million in the same quarter a year ago. Operating expenses on a non-GAAP basis for the third quarter of 2025, which excluded stock-based compensation, were $2.9 million compared with $2.7 million in the prior quarter and $3.3 million in the same quarter a year ago. The year-over-year decrease in third quarter 2025 operating expenses on a GAAP basis was primarily attributable to reduced stock-based compensation expense and amortization expense related to intangible assets, which were fully amortized as of December 31, 2024.

GAAP net loss for the third quarter of 2025 was $1.2 million, or ($0.17) per share, compared with a net loss of $1.8 million, or ($0.31) per share, in the prior quarter and a net loss of $2.7 million, or ($0.98) per share, in the third quarter 0f 2024. Non-GAAP net loss, which also excludes the change in fair value of warrant liabilities, for the third quarter of 2025 was $1.1 million, or ($0.15) per share, compared with a net loss of $1.7 million, or ($0.28) per share, in the prior quarter and a net loss of $0.9 million, or ($0.34) per share, in the third quarter of 2024.

Adjusted EBITDA for the third quarter of 2025 was negative $1.0 million, compared with negative $1.6 million in the prior quarter and negative $0.8 million in the same quarter last year.

A reconciliation of GAAP to non-GAAP results and GAAP net loss to Adjusted EBITDA is provided in the financial statement tables following the text of this press release.

Business Outlook

The Company expects total net revenue for the fourth quarter of 2025 to be in the range of $2.8 million to $3.1 million.

Earnings Conference Call and Webcast Information

Ron Glibbery, CEO, and Jim Sullivan, CFO, will host a conference call and webcast with slides today, November 10th, at 1:30 p.m. Pacific Time.

Date: Monday, November 10, 2025
Time: 1:30 p.m. Pacific Time (4:30 p.m. Eastern Time)
Conference Call Number: 1-888-506-0062
International Call Number: +1-973-528-0011
Participant Access Code: 634638
Webcast and Slides: Click Here

For those unable to listen to the live Web broadcast, it will be archived on the Company's website, and can be accessed by visiting the Company's investor page at https://investors.perasoinc.com/events-presentations. A replay of the conference call will also be available through November 17, 2025 and can be accessed by calling 1-877-481-4010, and using passcode 53125. International callers should dial 1-919-882-2331 and enter the same passcode at the prompt. Any supporting materials referenced during the live broadcast will be made available in the Investor Relations section of the Company's website following the conclusion of the conference call.

$PRSO $MOBX Mobix Labs and Peraso Enter Cooperative Discussions Toward a Potential Acquisition

https://www.globenewswire.com/news-release/2025/11/03/3179088/0/en/Mobix-Labs-and-Peraso-Enter-Cooperative-Discussions-Toward-a-Potential-Acquisition.html

IRVINE, Calif., Nov. 03, 2025 (GLOBE NEWSWIRE) -- Mobix Labs, Inc. (Nasdaq: MOBX), a rapidly growing fabless semiconductor and connectivity company serving the defense, aerospace, and high-reliability markets, today announced that it has entered into a mutual confidentiality agreement with Peraso, Inc. (Nasdaq: PRSO) to begin cooperative discussions toward a potential acquisition. The agreement creates a structured and collaborative framework for the confidential exchange of information as the two companies explore a possible strategic combination. “This agreement marks an exciting new phase for both companies,” said Phil Sansone, chief executive officer of Mobix Labs. “We see tremendous potential in combining Peraso’s wireless expertise with our own high-reliability connectivity solutions to create a stronger, more diversified technology platform with global reach. This cooperative step replaces prior exploratory efforts with a friendly, aligned approach focused on growth and long-term value creation.”

Mobix Labs had previously made an unsolicited offer to acquire Peraso in June 2025. By entering into this new confidentiality agreement, the companies have chosen to move forward under a constructive and mutually beneficial framework designed to foster open collaboration and explore synergies that could accelerate innovation.

The company does not intend to provide further updates unless and until it determines additional disclosure is appropriate or required.

$PRSO Peraso Receives Purchase Orders Totaling $0.5 Million for Memory Products

https://www.accessnewswire.com/newsroom/en/computers-technology-and-internet/peraso-receives-purchase-orders-totaling-0.5-million-for-memory-p-1088037

SAN JOSE, CALIFORNIA / ACCESS Newswire / October 17, 2025 / Peraso Inc. (NASDAQ:PRSO) ("Peraso" or the "Company"), a pioneer in mmWave wireless technology solutions, today announced it has received additional non-cancelable purchase orders totaling $0.5 million. These orders represent unanticipated incremental last-time buys associated with the previously announced end-of-life ("EOL") program for the Company's memory integrated circuit products. Peraso has begun fulfilling these orders from inventory and expects shipments to be completed during the fourth quarter of 2025.

"We are pleased to receive these additional purchase orders for our EOL products, as we remain focused on the continued ramp and growth of shipments of our industry-leading mmWave solutions," said Ron Glibbery, CEO of Peraso. "In addition to demonstrating our customers' ongoing confidence in the Company and our technology, these unanticipated orders will contribute incremental revenue and cash flow to our consolidated results for the second half of the year."

For additional information, please visit www.perasoinc.com.

$PRSO Peraso to Attend and Present at the Planet MicroCap Showcase: Toronto 2025

https://www.accessnewswire.com/newsroom/en/computers-technology-and-internet/peraso-to-attend-and-present-at-the-planet-microcap-showcase-toro-1086686

SAN JOSE, CALIFORNIA / ACCESS Newswire / October 14, 2025 / Peraso Inc. (NASDAQ:PRSO), ("Peraso" or the "Company"), Peraso Inc. (NASDAQ:PRSO) ("Peraso" or the "Company"), a pioneer in mmWave wireless technology solutions, today announced that Ron Glibbery, CEO, and Jim Sullivan, CFO, will present at the Planet MicroCap Showcase at the Arcadian Loft in Toronto on Wednesday, October 22, 2025 at 9:30 a.m. Eastern Time. Management will also be available to host in-person meetings with registered attendees on both October 22nd and October 23rd.

A live and archived webcast of the Company's presentation will be available on the Planet MicroCap website via the following Webcast Link. To attend the Showcase and schedule a meeting with Peraso management, please Register Here.

PRSO........................https://stockcharts.com/h-sc/ui?s=PRSO&p=W&b=5&g=0&id=p86431144783

$PRSO From Rural to Urban Communities: Peraso Showcases Fiber-Class Wireless Connectivity at WISPAPALOOZA 2025


https://www.accessnewswire.com/newsroom/en/computers-technology-and-internet/from-rural-to-urban-communities-peraso-showcases-fiber-class-wire-1083710

SAN JOSE, CA / ACCESS Newswire / October 7, 2025 / Peraso Inc. (NASDAQ:PRSO) ("Peraso" or the "Company"), a pioneer in mmWave wireless technology solutions, today announced its participation at WISPAPALOOZA 2025, where the Company will be showcasing its innovative 60 GHz fixed wireless access (FWA) solutions designed to provide multi-gigabit connectivity for wireless Internet service providers (WISPs) across various markets, from rural communities to dense urban areas.

More than just a conference, WISPAPALOOZA is one of the largest gatherings for WISPs in North America, bringing together wireless, fiber and hybrid providers to shape the future of connectivity. The event provides attendees with an unparalleled opportunity to explore innovative solutions that drive broadband delivery for both residential and commercial customers. Representatives from Peraso will attend the show in Las Vegas, October 13 - 16, 2025. During the conference, they will feature the Company's advanced 60 GHz technology and discuss how Peraso's solutions offer significant benefits, including lower cost, faster deployment times and reduced maintenance requirements.

"As the demand for high-speed broadband continues to accelerate, Peraso is committed to equipping WISPs with solutions that are both high-performance and cost-effective," said Ron Glibbery, CEO of Peraso. "Our 60 GHz FWA technology delivers fiber-like speeds while enabling rapid, scalable deployment. We look forward to engaging with industry leaders at WISPAPALOOZA 2025 and anticipate a strong reception as we explore new opportunities across key markets."

Peraso's 60 GHz solutions offer clear advantages over other industry options by leveraging abundant spectrum, minimizing interference and delivering multi-gigabit speeds, all without the high costs or delays of traditional infrastructure or trenching. This gives WISPs a powerful alternative, with performance that rivals fiber. Engineered for multiple applications, including both dense urban areas and rural communities, Peraso's technology enables providers to expand coverage quickly, efficiently and cost-effectively to help bridge the digital divide in historically underserved communities.

Peraso has been a pioneer in high-performance mmWave phased array solutions for over a decade. Attendees at WISPAPALOOZA 2025 are invited to visit Peraso's booth #641 to meet members of the executive team and experience the Company's mmWave technology firsthand.

Those who wish to request a meeting with the Company should email tweiland@sheltongroup.com.

$PRSO $MOBX Mobix Labs Moves Decisively with All-Cash $1.30 Per Share Offer for Peraso — a 53% Premium That Signals New Phase of Growth

https://www.globenewswire.com/news-release/2025/10/06/3161582/0/en/Mobix-Labs-Moves-Decisively-with-All-Cash-1-30-Per-Share-Offer-for-Peraso-a-53-Premium-That-Signals-New-Phase-of-Growth.html

IRVINE, Calif., Oct. 06, 2025 (GLOBE NEWSWIRE) -- Mobix Labs, Inc. (Nasdaq: MOBX), a provider of advanced connectivity and sensing solutions, today announced that it has formally delivered an updated all-cash proposal to acquire 100% of Peraso, Inc. (Nasdaq: PRSO).

Under the terms of the proposal, Peraso stockholders would receive $1.30 per share in cash, representing a 53% premium over Peraso’s 20-day volume-weighted average price (VWAP) of $0.85 per share on the Nasdaq exchange for the 20 trading days ended September 4, 2025 — the last trading day before Mobix Labs’ previous public offer.

Mobix Labs views this proposal as a continuation of its disciplined M&A strategy focused on creating long-term stockholder value and accelerating top-line growth.

This new all-cash proposal provides immediate value for Peraso investors and represents another decisive move by Mobix Labs to drive growth, expand its technology leadership, and deliver substantial long-term value for its stockholders. The proposal is based on Peraso’s publicly reported share count and includes customary adjustment provisions.

53% Premium — Delivering Immediate Value for Peraso Shareholders

Mobix Labs’ new offer supersedes its prior mix of cash and stock, making it 100% cash and eliminating all market uncertainty.

Immediate 53% premium over Peraso’s 20-day VWAP.
All cash — no volatility, no waiting. Stockholders receive guaranteed value at closing.
The all-cash structure underscores Mobix Labs’ confidence and readiness to execute.

“Our all-cash $1.30 offer delivers immediate value today and establishes a strong foundation for future growth,” said Keyvan Samini, President and Chief Financial Officer of Mobix Labs. “This proposal underscores Mobix Labs’ belief in the significant strategic potential of this combination. It’s straightforward, it’s certain, and it’s designed to create value for both sets of stockholders.”

Strategic Synergy: Combining Strengths to Drive Revenue and Expansion

Mobix Labs views Peraso’s wireless and millimeter-wave technologies as a perfect complement to its growing leadership in aerospace, defense, and next-generation connectivity.

Together, the combined company is expected to:

Accelerate revenue growth through cross-market opportunities and new customer channels.
Capture market share across multiple high-growth technology sectors.
Unlock efficiencies and scalability that strengthen profitability and margins.

“Peraso’s technology aligns perfectly with Mobix Labs’ strategic vision,” Samini added. “By integrating Peraso’s products and expertise, we can scale faster, grow revenue across more markets, and strengthen our position as a leading innovator in advanced connectivity and defense solutions.”

Friendly, Forward-Looking Approach

Mobix Labs confirmed that its all-cash offer has been delivered directly to Peraso’s Board of Directors.

“Mobix Labs has always preferred partnership over confrontation,” Samini said. “We are ready to work collaboratively with Peraso’s Board to deliver this compelling value quickly and seamlessly. This transaction is designed to benefit everyone — Peraso investors, Mobix Labs stockholders, and the future of both companies.”

At this time, the proposal is not a formal solicitation or tender offer to acquire Peraso shares. Should Mobix Labs proceed with a tender offer, it will do so in full compliance with all applicable securities laws and regulations. The company reaffirmed its preference for an amicable, cooperative process with Peraso’s leadership to deliver maximum value for both companies’ stockholders.

$PRSO Peraso Regains Compliance with Nasdaq Minimum Bid Price Requirement


https://www.accessnewswire.com/newsroom/en/computers-technology-and-internet/peraso-regains-compliance-with-nasdaq-minimum-bid-price-requireme-1076250

SAN JOSE, CA / ACCESS Newswire / September 22, 2025 / Peraso Inc. (NASDAQ:PRSO) ("Peraso" or the "Company"), a pioneer in mmWave wireless technology solutions, today announced that it has received a letter from The Nasdaq Stock Market LLC ("Nasdaq") notifying the Company that it has regained compliance with the Nasdaq Capital Market's minimum bid price continued listing requirement. The letter noted that, as of September 18, 2025, the Company evidenced a closing bid price of its common stock in excess of the $1.00 minimum requirement for the last 10 consecutive trading days. Accordingly, the Company has regained compliance with Nasdaq Marketplace Rule 5550(a)(2) and Nasdaq considers the matter closed.

$PRSO Peraso and WeLink Partner to Bring Fiber-Class Wireless Broadband to Dense Urban Communities

https://www.accessnewswire.com/newsroom/en/computers-technology-and-internet/peraso-and-welink-partner-to-bring-fiber-class-wireless-broadband-1071084

Collaboration brings 60GHz technology to dense urban environments, delivering multi-gigabit broadband to underserved neighborhoods

SAN JOSE, CALIFORNIA / ACCESS Newswire / September 10, 2025 / Peraso Inc. (NASDAQ:PRSO) ("Peraso" or the "Company"), a pioneer in mmWave wireless technology solutions, today announced that WeLink Communications, Inc. ("WeLink") has selected Peraso's mmWave technology to accelerate WeLink's deployment of high-speed broadband across dense urban areas in the U.S. WeLink will use Peraso's advanced 60 GHz technology to power its leading edge, mesh-based fixed-wireless access ("FWA") architecture and deliver up to multi-gigabit connectivity to businesses and consumers.

"The deployments by WeLink highlight the growing demand for 60 GHz solutions in dense urban environments," said Ron Glibbery, CEO of Peraso. "By enabling 2 Gbps links that rival fiber performance, our technology is enabling the delivery of affordable, reliable broadband where it's needed most. Together with WeLink, we're not just expanding access to high-speed internet; we're helping to bridge the digital divide in communities that have historically been underserved."

WeLink is currently providing FWA broadband service into three major U.S metropolitan markets with plans for continued expansion into additional markets. Its innovative mesh architecture provides robust reliability and scalability in challenging environments where fiber may not be feasible or cost-effective. WeLink's deployments underscore the transformative potential and versatility of mmWave as an affordable solution, while also highlighting the proven performance of Peraso's technology.

"At WeLink, our mission is to bring fiber-class broadband to communities that have traditionally been left behind," said Dennis O'Connell, CEO of WeLink. "By leveraging Peraso's 60 GHz technology within our unique mesh architecture, we can deliver reliable multi-gigabit speeds to dense urban neighborhoods at a fraction of the cost and implementation time of fiber. WeLink is committed to expanding digital equity and reimagining what broadband infrastructure can look like in the future, and Peraso is a key partner to these efforts given its leadership in mmWave technology."

Compared to traditional fiber deployments that often require costly trenching and long construction timelines, Peraso's 60 GHz technology offers significant benefits, including lower cost, faster deployment times and reduced maintenance requirements. Together, Peraso and WeLink are setting a new benchmark for how broadband infrastructure can be deployed quickly and efficiently to serve diverse communities around the world.

PRSO 1.08 MOBX has offered 1.20 My guess is PRSO is holding out for more. JMHO
a little DD gives you a picture.
seems others have expressed interest as well, merger probably heating up soon.

per the last pr...
"The Company continues to conduct a disciplined strategic review process focused on maximizing value for all stockholders. Multiple other parties have entered into customary mutual confidentiality agreements, including standard standstill provisions, and are actively participating in the process."

1.06 I think, everyone is going to want their shares back soon jmho

well, without any details of the offer and with the announcement last night they have agreed to have a "phone conversation" looks like the market has decided it doesn't pass the smell test...

$PRSO $MOBX Mobix Labs Sweetens Offer to Acquire Peraso with Cash and Stock Deal Delivering Value Now and Growth Ahead

https://www.businesswire.com/news/home/20250905654886/en/Mobix-Labs-Sweetens-Offer-to-Acquire-Peraso-with-Cash-and-Stock-Deal-Delivering-Value-Now-and-Growth-Ahead

IRVINE, Calif.--(BUSINESS WIRE)--Mobix Labs, Inc. (Nasdaq: MOBX), a provider of advanced connectivity and sensing solutions, today announced that it has enhanced its proposal to acquire Peraso, Inc. (Nasdaq: PRSO) by adding a cash component to its original all-stock offer.

The improved proposal gives Peraso stockholders the best of both worlds:

Cash – immediate, certain value.
Stock – participation in the growth and upside of the combined company.

“This is a rare opportunity for Peraso stockholders,” said Keyvan Samini, President and Chief Financial Officer of Mobix Labs. “Our enhanced proposal delivers real cash in hand on closing and the chance to share in the long-term growth of a stronger, more competitive company. We are building a bigger, stronger business positioned for future success — and we want Peraso stockholders to share in that success. We believe this path creates superior value compared to the uncertain outlook Peraso currently faces.”

Mobix Labs has repeatedly sought to engage with Peraso’s Board of Directors to discuss its initial proposal to acquire the company. Despite these efforts, Peraso’s Board has declined to meet, even for non-confidential discussions. With this enhanced cash-and-stock offer, Mobix Labs has again requested a prompt meeting and has asked the Peraso Board to provide a response by 5:00 p.m. Pacific Time on Monday, September 8, 2025.

“If the Peraso Board continues to refuse to engage, we are prepared to take this offer directly to Peraso stockholders,” Samini added. “Our strong preference, however, is a cooperative, negotiated transaction that creates significant long-term value for both companies’ stockholders.”

PRSO........................................................https://stockcharts.com/h-sc/ui?s=PRSO&p=W&b=5&g=0&id=p86431144783

NASDAQ: $PRSO BREAKING NEWS TODAY🎯🎯
''Peraso Secures First Production Order for 60 GHz Wireless Video Systems in Education Market''