Peraso Q1 2024 Earnings Report

Peraso EPS Results

• Actual EPS: -$1.47
• Consensus EPS: -$2.02
• Beat/Miss: Beat by +$0.55
• One Year Ago EPS: N/A

Peraso Revenue Results

• Actual Revenue: $2.82 million
• Expected Revenue: $2.60 million
• Beat/Miss: Beat by +$220.00 thousand
• YoY Revenue Growth: N/A

Peraso Announcement Details

• Quarter: Q1 2024
• Date: 5/13/2024
• Time: N/A

Peraso (NASDAQ:PRSO), a fabless semiconductor company, develops, markets, and sells semiconductor devices and modules. The company's products include millimeter wavelength (mmWave) ICs, including baseband IC, various mmWave radio frequency, integrated circuits, as well as associated antenna technology; and mmWave antenna modules. It also provides accelerator engine products, comprising bandwidth engine for high-performance applications where throughput is critical; and quad partition rate, which allows for parallel accesses to multiple partitions of the memory simultaneously. Its mmWave products are used for various applications, such as multi-gigabit point-to-point (PtMP) wireless links; and fixed wireless access in the 5G operating bands, as well as consumer applications, such as wireless video streaming, and untethered augmented reality and virtual reality. The company also licenses intellectual property, as well as offers non-recurring engineering services. It markets its products through direct sales personnel, as well as sells representatives and distributors. The company was formerly knowns as MoSys, Inc. and changed its name to Peraso Inc. in December 2021. Peraso Inc. was incorporated in 1991 and is based in San Jose, California.