Peraso (NASDAQ:PRSO) Announces Quarterly Earnings Results

Peraso (NASDAQ:PRSO) issued its earnings results 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. The business had revenue of $1.31 million during the quarter, compared to analyst estimates of $1.25 million. Peraso had a negative return on equity of 170.96% and a negative net margin of 73.00%.

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 Trading Down 8.6%

Shares of NASDAQ:PRSO traded down $0.06 during trading on Wednesday, reaching $0.66. 830,901 shares of the company traded hands, compared to its average volume of 3,835,754. Peraso has a 52-week low of $0.58 and a 52-week high of $2.37. The firm has a market capitalization of $9.66 million, a price-to-earnings ratio of -0.79 and a beta of 1.04. The business’s fifty day moving average is $0.81 and its 200-day moving average is $0.95.

Analysts Set New Price Targets

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

Institutional Investors Weigh In On Peraso

An institutional investor recently raised its position in Peraso stock. Geode Capital Management LLC raised its position in shares of Peraso Inc. (NASDAQ:PRSO) by 71.7% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 69,697 shares of the company’s stock after buying an additional 29,095 shares during the period. Geode Capital Management LLC owned about 0.78% of Peraso worth $61,000 at the end of the most recent reporting period. 77.60% of the stock is 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.