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

by · The Cerbat Gem

Peraso (NASDAQ:PRSO – Get Free Report) released its earnings results on Monday. The company reported ($0.20) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.18) by ($0.02), FiscalAI reports. Peraso had a negative net margin of 38.99% and a negative return on equity of 129.12%. The company had revenue of $0.96 million during 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

PRSO stock traded up $0.39 during midday trading on Monday, reaching $1.38. 41,013,239 shares of the company’s stock traded hands, compared to its average volume of 6,123,288. The company has a market capitalization of $17.43 million, a P/E ratio of -1.94 and a beta of 0.93. Peraso has a fifty-two week low of $0.77 and a fifty-two week high of $2.37. The business has a 50-day moving average price of $1.09 and a two-hundred day moving average price of $1.04.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. Wall Street Zen upgraded shares of Peraso from a “sell” rating to a “hold” rating in a report on Saturday, April 11th. Weiss Ratings downgraded shares of Peraso from a “sell (d-)” rating to a “sell (e+)” rating in a report on Monday, April 27th. Two 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 stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $3.00.

Get Our Latest Research Report on Peraso

Institutional Inflows and Outflows

An institutional investor recently raised its position in Peraso stock. Geode Capital Management LLC raised its holdings in shares of Peraso Inc. (NASDAQ:PRSO – Free Report) by 71.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. 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 at the end of the most recent reporting period. 77.60% of the stock is owned by hedge funds and other institutional investors.

Peraso Company Profile

(Get Free Report)

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.

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