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Peraso, Inc. (PRSO)
NASDAQ:PRSO
Earnings Data
Report Date
May 19, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
-0.16Last Year’s EPS
-0.83Same Quarter Last Year
Moderate Buy
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 19, 2025
|% Change Since: 1.20%
|Next Earnings Date:May 19, 2025
Earnings Call Sentiment|Positive
Peraso Inc. reported robust revenue growth and significant improvements in gross margins, driven by strong demand for its mmWave technology and successful cost reduction efforts. Despite the positive momentum, challenges remain with the transition away from memory IC products and continued net losses, although these have been reduced from previous levels.Company Guidance
During Peraso Inc.'s Fourth Quarter 2024 Conference Call, the company provided guidance on several key financial metrics and business developments. Fourth quarter revenue grew 100% year-over-year, driven by end-of-life memory IC product shipments, totaling $3.4 million in Q4 and $12.9 million for the full year. The company also highlighted a 20% year-over-year reduction in operating expenses, contributing to improved operating performance. Peraso's mmWave technology gained momentum with a $3.6 million purchase order from a strategic customer, expected to be fulfilled throughout 2025. Additionally, the company anticipates first-quarter 2025 revenue to range between $3.6 million and $4 million, with mmWave revenue expected to surpass full-year 2024 levels. Non-GAAP gross margin for Q4 was 71.6%, and GAAP gross margin increased to 56.3%, reflecting favorable product mix and reduced inventory write-downs. The company also cited broader market dynamics, such as the U.S. government's BEAD program, as potential growth drivers for their mmWave solutions.Record Revenue Growth
Fourth quarter revenue increased by 100% year-over-year, and full year 2024 revenue was $14.6 million compared to $13.7 million in 2023.
Improved Gross Margins
GAAP gross margin increased to 56.3% in Q4 2024 from 47% in the prior quarter and negative 147.3% in Q4 2023. Non-GAAP gross margin was 71.6% compared to negative 116.6% in Q4 2023.
mmWave Technology Momentum
Renewed demand and increasing production orders for mmWave technology, including a $3.6 million purchase order from a strategic customer.
Military Application Growth
Upsized production order for military defense applications and additional engagements with prospective customers for tactical communication applications.
Cost Reductions and Efficiency Improvements
Operating expenses decreased by 20% year-over-year, and the company realized further benefits from previous cost reduction actions.
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PRSO Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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PRSO Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Mar 19, 2025 | $0.83 | $0.81 | -2.41% |
| Nov 12, 2024 | $1.06 | $0.85 | -19.81% |
| Aug 12, 2024 | $1.50 | $1.34 | -10.67% |
| May 13, 2024 | $1.55 | $1.42 | -8.39% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Peraso, Inc. (PRSO) report earnings?
Peraso, Inc. (PRSO) is schdueled to report earning on May 19, 2025, TBA Not Confirmed.
What is Peraso, Inc. (PRSO) earnings time?
Peraso, Inc. (PRSO) earnings time is at May 19, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is PRSO EPS forecast?
PRSO EPS forecast for the fiscal quarter 2025 (Q1) is -0.16.
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