Peraso (NASDAQ:PRSO) Posts Earnings Results, Beats Expectations By $0.03 EPS

Peraso (NASDAQ:PRSO) announced its quarterly earnings results on Tuesday. The company reported ($0.15) EPS for the quarter, beating analysts’ consensus estimates 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 analyst estimates 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

Shares of NASDAQ:PRSO traded down $0.05 during trading on Wednesday, hitting $0.66. The company had a trading volume of 778,732 shares, compared to its average volume of 3,834,988. The stock has a market cap of $9.77 million, a price-to-earnings ratio of -0.80 and a beta of 1.04. Peraso has a one year low of $0.58 and a one year high of $2.37. The company has a fifty day simple moving average of $0.81 and a two-hundred day simple moving average of $0.95.

Wall Street Analyst Weigh In

A number of research firms have recently commented on PRSO. Weiss Ratings downgraded Peraso from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Friday. Wall Street Zen downgraded shares of Peraso from a “hold” rating to a “strong sell” rating in a research note on Saturday, May 16th. Two equities research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $3.00.

Institutional Trading of Peraso

A hedge fund recently raised its position in Peraso stock. Geode Capital Management LLC raised its position in shares of Peraso Inc. (NASDAQ:PRSO) by 71.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 69,697 shares of the company’s stock after acquiring an additional 29,095 shares during the period. Geode Capital Management LLC owned approximately 0.78% of Peraso worth $61,000 as of its most recent filing with the Securities & Exchange Commission. Institutional investors and hedge funds own 77.60% of the company’s stock.

About Peraso

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.