Peraso (NASDAQ:PRSO) Releases Quarterly Earnings Results, Misses Expectations By $0.02 EPS

Peraso (NASDAQ:PRSO) announced its earnings results on Monday. The company reported ($0.20) EPS for the quarter, missing the consensus estimate of ($0.18) by ($0.02), FiscalAI reports. Peraso had a negative net margin of 73.00% and a negative return on equity of 180.82%. The company 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 Price Performance

Peraso stock traded down $0.07 during mid-day trading on Wednesday, hitting $0.96. The company’s stock had a trading volume of 1,291,751 shares, compared to its average volume of 6,070,305. The firm’s 50 day moving average is $1.10 and its 200 day moving average is $1.03. The company has a market cap of $12.14 million, a PE ratio of -1.16 and a beta of 0.93. Peraso has a 52-week low of $0.77 and a 52-week high of $2.37.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Wall Street Zen raised Peraso from a “sell” rating to a “hold” rating in a report on Saturday, April 11th. Weiss Ratings raised Peraso from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Monday. Two research 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. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus 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 fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 69,697 shares of the company’s stock after purchasing an additional 29,095 shares during the period. Geode Capital Management LLC owned 0.78% of Peraso worth $61,000 as of its most recent SEC filing. 77.60% of the stock is currently owned by institutional investors.

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.