US Market News
2週前
Peraso and Virewirx Demonstrate 50Gbps Network Cluster Targeting Drone Swarms and Autonomous SystemsJune 10, 2026 8:00 AM
ACCESS NewswireCombined wireless technologies enable resilient, high-capacity, GPS-independent networking for autonomous platforms operating in contested and congested environmentsSAN JOSE, CA / ACCESS Newswire / June 10, 2026 / Peraso Inc. (NASDAQ:PRSO) ("Peraso") and Virewirx, Inc. ("Virewirx") today announced the successful demonstration of a simulated drone wireless communication environment requiring a high-capacity network cluster with a peak aggregate data capacity of more than 50Gbps. Each company provided fundamental technology essential to the demonstration, including Peraso's 60 GHz wireless semiconductor solutions and Virewirx's VX60 High Performance Wireless Network, an advanced millimeter- wave networking technology.During the customer demonstration, the team simultaneously transmitted several independent multi-gigabit data streams within the confined space of a large room. The demonstration highlighted one of the primary advantages of 60 GHz wireless over conventional sub-60 GHz technologies, namely its ability to operate effectively in highly congested wireless environments."Our collaboration with Virewirx is a terrific example in which two companies bring complementary technology together to address a complex problem," stated Ron Glibbery, CEO of Peraso. "As drone technology continues to prove itself as a force multiplier in modern warfare, we expect our technologies to further enable next-generation battlefield tactics."Additional benefits of 60 GHz wireless technology include a low probability of intercept and detection (LPI/LPD) and a low probability of jamming, making it well suited for autonomous and mission-critical systems operating in contested environments. These characteristics are particularly valuable in drone warfare, where adversaries employ sophisticated electronic countermeasures to disrupt communications. Combined with Virewirx's network synchronization technology, Peraso's 60 GHz solution can maintain network coordination without GPS, enabling reliable operation in GPS-denied environments.This capability is especially important for emerging drone swarm applications, where large groups of autonomous drones must communicate and coordinate in real time. The Virewirx VX60 network controller can manage large numbers of autonomous devices, helping prevent communication conflicts while maintaining network resilience in the event of individual unit failures."The VX60 network concept grew out of the observation that traditional wireless networks are not well suited to maintain seamless, high-capacity data flow in highly dynamic environments," said Jason Fiber, CEO of Virewirx. "The emerging drone swarms and other large-scale AI systems we see are exceeding the capabilities of network solutions designed for humans. VX60 represents the next era of wireless networking, with core intelligence designed to address the requirements of the AI generation."Beyond defense applications, the VX60 network architecture is designed to support dense clusters of autonomous devices in commercial and industrial environments. For example, large fleets of robots operating within automated factories require reliable, high-capacity wireless connectivity without interference. Unlike traditional wireless systems that often require physical separation or shielding, the VX60 network enables hundreds of independent multi-gigabit links to operate simultaneously in highly congested settings.The high throughput of 60 GHz wireless networks also supports the transfer of data-intensive AI models between edge devices and centralized computing resources, helping autonomous robots and vehicles access the processing power and data needed to perform increasingly complex tasks.For more information, please visit https://perasoinc.com and https://virewirx.com/About Peraso Inc.
Peraso Inc. (NASDAQ:PRSO) is a pioneer in high-performance 60 GHz unlicensed and 5G mmWavewireless 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 http://www.perasoinc.com/.About Virewirx, Inc.Virewirx is the wireless infrastructure layer for Physical AI. Founded as XCOM Labs in 2018 by former Qualcomm executives Paul Jacobs, Derek Aberle, and Matt Grob, the company rebranded in 2023 and launched the VX60 High Performance Wireless network, a 60 GHz mmWave platform engineered to move massive volumes of data with ultra-high throughput and minimal latency. VX60 powers autonomous vehicles, robotics, smart warehouses, industrial automation, immersive entertainment, telemedicine, and beyond. For additional information, please visit https://virewirx.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," "would," "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 Virewirx, the expected benefits of Peraso's collaboration with Virewirx and anticipated use of mmWave technology in drone, autonomous vehicle and other 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, autonomous vehicle and other applications, the successful implementation and performance of the technology and hardware of Peraso and Virewirx, the anticipated tactical and operational advantages of beamforming antenna technology relative to traditional radio frequency solutions, the availability and performance of Peraso's products, reliance on manufacturing partners to assist successfully with the fabrication of Peraso's ICs and modules, changes in defense spending priorities, government budget constraints, military procurement policy, or geopolitical developments that could reduce or delay demand for the Company's technologies in military and government applications, the risk that Peraso's products or technology may be subject to U.S. export control laws and regulations, including EAR or ITAR, and that compliance or non-compliance may limit the addressable market or expose the Company to civil or criminal penalties, 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. Neither Peraso nor Virewirx undertake an 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.comPeraso Company Contact
Mike Hamilton
VP, Business DevelopmentVirewirx Company Contact
Brian Lee
VP, Business DevelopmentSOURCE: Peraso Inc.View the original press release on ACCESS NewswireOriginal: Peraso and Virewirx Demonstrate 50Gbps Network Cluster Targeting Drone Swarms and Autonomous Systems
US Market News
2月前
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
US Market News
2月前
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
AveragePenny
3月前
$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
US Market News
3月前
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
US Market News
4月前
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
AveragePenny
7月前
$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.
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