Peraso, Inc. ( (PRSO) ) has released its Q4 earnings. Here is a breakdown of the information Peraso, Inc. presented to its investors.
Peraso Inc. is a leading company in the mmWave wireless technology sector, providing innovative solutions for applications such as fixed wireless access and immersive video. The company is known for its high-performance chipsets, antenna modules, and software that support data and telecom networks.
In its latest earnings report, Peraso Inc. announced a significant increase in revenue for the fourth quarter of 2024, with a 100% year-over-year growth. The company also reported an expansion in its gross margin, both on a GAAP and non-GAAP basis, indicating improved financial health.
Key highlights from the report include a total net revenue of $3.7 million for the fourth quarter, driven by increased shipments of memory IC products. The company’s GAAP gross margin improved to 56.3%, while non-GAAP gross margin reached 71.6%. Peraso also reduced its operating expenses and net losses compared to the previous year, showing a positive trend in cost management.
Looking ahead, Peraso is optimistic about the growing demand for its mmWave solutions, expecting significant revenue growth in 2025. The company has secured substantial purchase orders and is making strides in the tactical communications market, which is anticipated to contribute to its future success.
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