Peraso Inc
NASDAQ:PRSO
Peraso Inc
Peraso, Inc. offers chipsets, modules, software and IP. The company is headquartered in San Jose, California and currently employs 82 full-time employees. The company went IPO on 2001-06-29. The company is engaged in delivering high speed 5G wireless access and accelerating data intelligence. Its point-to-multipoint (PtMP) solution allows service providers to leverage multiple customers over a single access point, thereby reducing the total cost of deployment for wireless carriers. Its software platform includes support for up to 32 client stations operating at multi-gigabit rates at ranges in excess of one kilometer (km). Its MAC layer includes a configurable channel access scheduling algorithm that optimizes the channel access approach according to the network conditions and traffic requirements. Its products enable a range of applications, such as mmWave 5G with low latency and high reliability, as well as multi-gigabit mmWave links over 20km. Its consumer applications include wireless video streaming and untethered augmented reality (AR)/ virtual reality (VR).
Peraso, Inc. offers chipsets, modules, software and IP. The company is headquartered in San Jose, California and currently employs 82 full-time employees. The company went IPO on 2001-06-29. The company is engaged in delivering high speed 5G wireless access and accelerating data intelligence. Its point-to-multipoint (PtMP) solution allows service providers to leverage multiple customers over a single access point, thereby reducing the total cost of deployment for wireless carriers. Its software platform includes support for up to 32 client stations operating at multi-gigabit rates at ranges in excess of one kilometer (km). Its MAC layer includes a configurable channel access scheduling algorithm that optimizes the channel access approach according to the network conditions and traffic requirements. Its products enable a range of applications, such as mmWave 5G with low latency and high reliability, as well as multi-gigabit mmWave links over 20km. Its consumer applications include wireless video streaming and untethered augmented reality (AR)/ virtual reality (VR).
Revenue Growth: Peraso reported $3.2 million in Q3 revenue, up more than 45% sequentially, driven by record mmWave product sales.
Gross Margin Expansion: Gross margin rose sharply to 56.2% from 48.3% last quarter, reaching the company’s targeted mid-50% range.
mmWave Momentum: mmWave product revenue hit $3 million, up from $2.2 million in Q2 and just $0.1 million a year ago.
Operating Expenses: GAAP operating expenses fell to $3 million from $4.5 million a year ago due to lower stock-based and amortization costs.
Positive Cash Trend: Cash increased slightly to $1.9 million, helped by capital raises during the quarter.
Q4 Guidance: Revenue for Q4 is expected between $2.8 million and $3.1 million, with gross margin expected to remain in the mid-50% range due to high-margin memory shipments.
Pipeline Advancement: The number of customer SKUs in production nearly doubled in two years, and the company now has a double-digit number of preproduction devices, indicating strong future growth potential.
Strategic Progress: Peraso continues to diversify into tactical defense and edge AI markets, anticipating meaningful revenue from new military projects in the second half of 2026.
