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Peraso, Inc. (PRSO)
NASDAQ:PRSO
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Earnings Data
Report Date
Mar 25, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-0.27Last Year’s EPS
-8.52Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:May 09, 2022
|% Change Since: -21.70%
|Next Earnings Date:Mar 08, 2022
Earnings Call Sentiment|Neutral
The earnings call presented a mixed outlook. While there were significant achievements in reducing operating expenses, increasing customer engagements, and expanding into new markets, the company also faced challenges with decreased revenue and gross margin, along with continued net losses. The potential for future growth, especially with military contracts and BEAD funding, suggests optimism, but current financial metrics indicate areas of concern.Company Guidance
During Peraso Inc.'s Q3 2024 earnings call, significant guidance was provided, detailing the company's financial and operational performance. Revenue for the third quarter reached $3.8 million, a decrease from $4.2 million in the prior quarter, but aligned with expectations. Operating expenses witnessed a nearly 20% year-over-year reduction due to cost-cutting initiatives, while non-GAAP gross margin stood at 61.7%, down from 68.8% in the previous quarter. The company reported a GAAP net loss of $2.7 million, or $0.98 per share, with a non-GAAP net loss of $0.9 million, or $0.34 per share. Cash and equivalents at the end of September 2024 were $1.3 million, reflecting a $0.6 million cash burn from the previous quarter. Looking forward, Peraso expects Q4 revenue to range between $3.6 million and $4 million, driven by a strong pipeline of customer engagements in fixed wireless access and tactical military communications, alongside fulfilling existing memory IC product orders.Reduction in Operating Expenses
Operating expenses decreased almost 20% year-over-year, highlighting significant improvements in operating performance.
Increase in mmWave Design Wins
The company has increased its number of customer engagements to 82, with 23 active engagements and 9 prior design engagements converted to in-production wins.
Significant Shipments and Backlog
Third-quarter shipments of end-of-life memory IC products increased to approximately $3.7 million, with a remaining purchase order backlog of approximately $5.7 million.
Expansion into New Markets
New wins include SAF Tehnika's FreeMile 60 radio and Miliwave's MWC-932 product, utilizing Peraso's mmWave modules for high-speed wireless connectivity in multiple regions.
Military Contract for mmWave Technology
Secured an initial purchase order from a military customer for Perspectus module products, with expected shipments starting in Q2 2025.
BEAD Funding Opportunity
The BEAD program's inclusion of unlicensed spectrum fixed wireless access as eligible for funding could significantly accelerate market opportunities for mmWave technology.
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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 |
|---|---|---|---|
| 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% |
| Mar 18, 2024 | $1.74 | $1.38 | -20.69% |
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 Mar 25, 2025, TBA Not Confirmed.
What is Peraso, Inc. (PRSO) earnings time?
Peraso, Inc. (PRSO) earnings time is at Mar 25, 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 2024 (Q4) is -0.27.
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