Peraso (NASDAQ:PRSO) Issues Quarterly Earnings Results

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

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

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

Peraso Trading Up 39.2%

Shares of NASDAQ PRSO traded up $0.39 during midday trading on Monday, reaching $1.38. 41,013,239 shares of the stock were exchanged, compared to its average volume of 6,123,288. The company has a market capitalization of $17.43 million, a P/E ratio of -1.94 and a beta of 0.93. Peraso has a 52-week low of $0.77 and a 52-week high of $2.37. The stock has a 50 day moving average price of $1.09 and a 200-day moving average price of $1.04.

Analyst Ratings Changes

PRSO has been the subject of several recent research reports. Weiss Ratings downgraded shares of Peraso from a “sell (d-)” rating to a “sell (e+)” rating in a report on Monday, April 27th. Wall Street Zen upgraded shares of Peraso from a “sell” rating to a “hold” rating in a report on Saturday, April 11th. Two equities research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $3.00.

Institutional Investors Weigh In On Peraso

An institutional investor recently raised its position in Peraso stock. Geode Capital Management LLC boosted its stake in Peraso Inc. (NASDAQ:PRSO) by 71.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 69,697 shares of the company’s stock after purchasing an additional 29,095 shares during the quarter. Geode Capital Management LLC owned about 0.78% of Peraso worth $61,000 as of its most recent filing with the SEC. 77.60% of the stock is currently owned by institutional investors and hedge funds.

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.