Peraso (NASDAQ:PRSO) Announces Earnings Results, Beats Estimates By $0.03 EPS

Peraso (NASDAQ:PRSO) issued its earnings results on Tuesday. The company reported ($0.15) EPS for the quarter, topping the consensus estimate of ($0.18) by $0.03, FiscalAI reports. Peraso had a negative return on equity of 170.96% and a negative net margin of 73.00%.The company 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 Price Performance

PRSO stock traded down $0.06 during trading on Wednesday, reaching $0.66. 819,040 shares of the company were exchanged, compared to its average volume of 3,835,603. The company has a 50-day moving average of $0.81 and a two-hundred day moving average of $0.95. The company has a market capitalization of $9.73 million, a price-to-earnings ratio of -0.80 and a beta of 1.04. Peraso has a twelve month low of $0.58 and a twelve month high of $2.37.

Wall Street Analyst Weigh In

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

Institutional Trading of Peraso

A hedge fund recently raised its position in Peraso stock. Geode Capital Management LLC lifted its stake in shares of Peraso Inc. (NASDAQ:PRSO) by 71.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor 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 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.