Peraso (PRSO) reported solid Q4 ’22 results. Consistent with the company’s mid-February preannouncement, revenue was in line with management’s guidance and Street expectations.
Read MoreEarlier this morning, Peraso (PRSO) pre-announced Q4 ’22 revenue of $3.9 million, in line with management’s guidance for $3.8-$4.1 million and our estimate of $3.9 million.
Read MoreBefore the open yesterday, Peraso (PRSO) announced that the company has agreed to sell 2.45 million shares of its common stock to an institutional investor at a price of $1.00 per share, a 26% discount to PRSO’s last close price prior to disclosure of the planned offering.
Read MorePeraso (PRSO) reported Q3 ’22 results below our estimates as the company was unable to recognize revenue for certain orders shipped to a large customer late in the quarter.
Read MoreWe met with Peraso’s (PRSO) CEO Ron Glibbery at MWC Las Vegas. At the event, Peraso showcased its 60 GHz mmWave devices and modules and its new mmWave Beamformer IC targeted at customer premise equipment (CPE) for licensed 5G spectrum.
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