Peraso (NASDAQ:PRSO) Issues Earnings Results, Beats Expectations By $0.03 EPS

Peraso (NASDAQ:PRSO) announced its quarterly earnings data on Tuesday. The company reported ($0.15) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.18) by $0.03, FiscalAI reports. Peraso had a negative net margin of 73.00% and a negative return on equity of 170.96%. The business had revenue of $1.31 million during the quarter, compared to the consensus estimate of $1.25 million.

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

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

Peraso Stock Down 7.6%

PRSO stock traded down $0.05 during trading on Wednesday, hitting $0.66. 778,732 shares of the company’s stock traded hands, compared to its average volume of 3,834,988. The firm has a market capitalization of $9.77 million, a P/E ratio of -0.80 and a beta of 1.04. Peraso has a 1 year low of $0.58 and a 1 year high of $2.37. The business has a fifty day simple moving average of $0.81 and a two-hundred day simple moving average of $0.95.

Institutional Trading of Peraso

A hedge fund recently raised its position in Peraso stock. Geode Capital Management LLC lifted its stake in Peraso Inc. (NASDAQ:PRSO) by 71.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 69,697 shares of the company’s stock after acquiring an additional 29,095 shares during the period. Geode Capital Management LLC owned 0.78% of Peraso worth $61,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 77.60% of the company’s stock.

Wall Street Analyst Weigh In

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

Peraso Company Profile

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

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