Peraso (PRSO, Financial) has unveiled its latest innovation in the PERSPECTUS line of mmWave modules: the PRM2141X-D. This new module is centered on the advanced Peraso X720 60-GHz chipset and is tailored for demanding environments that require high mobility and dynamic capabilities. It incorporates an integrated dual-polarized antenna array, enhancing its capacity for dynamic switching and polarization diversity, ensuring strong and consistent connectivity.
The module's exceptional performance is geared towards a wide range of device placements and orientations, including body-mounted scenarios where precise alignment and orientation are challenging to maintain. This development marks a significant step forward in addressing the complexities of mobile and versatile device deployments.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 4 analysts, the average target price for Peraso Inc (PRSO, Financial) is $3.28 with a high estimate of $3.75 and a low estimate of $2.75. The average target implies an upside of 241.70% from the current price of $0.96. More detailed estimate data can be found on the Peraso Inc (PRSO) Forecast page.
Based on the consensus recommendation from 2 brokerage firms, Peraso Inc's (PRSO, Financial) average brokerage recommendation is currently 1.5, indicating "Buy" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Peraso Inc (PRSO, Financial) in one year is $1.68, suggesting a upside of 75.02% from the current price of $0.9599. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Peraso Inc (PRSO) Summary page.
PRSO Key Business Developments
Release Date: March 19, 2025
- Fourth Quarter Revenue: $3.7 million, compared to $1.8 million in Q4 2023.
- Full Year 2024 Revenue: $14.6 million, up from $13.7 million in 2023.
- Product Revenue for 2024: $14.2 million, compared to $12.9 million in 2023.
- GAAP Gross Margin Q4 2024: 56.3%, up from negative 147.3% in Q4 2023.
- Non-GAAP Gross Margin Q4 2024: 71.6%, compared to negative 116.6% in Q4 2023.
- GAAP Operating Expenses Q4 2024: $3.7 million, down from $5.5 million in Q4 2023.
- GAAP Net Loss Q4 2024: $1.6 million, or $0.37 per share, compared to $8.9 million, or $12.48 per share in Q4 2023.
- Non-GAAP Net Loss Q4 2024: $0.5 million, or $0.13 per share, compared to $6.1 million, or $8.52 per share in Q4 2023.
- Adjusted EBITDA Q4 2024: Negative $0.4 million, compared to negative $5.9 million in Q4 2023.
- Cash and Cash Equivalents: $3.3 million as of December 30, 2024.
- Operating Cash Burn Q4 2024: Approximately $0.8 million.
- Revenue Outlook Q1 2025: Expected to be in the range of $3.6 million to $4 million.
For the complete transcript of the earnings call, please refer to the full earnings call transcript.
Positive Points
- Peraso Inc (PRSO, Financial) achieved 100% year-over-year revenue growth in the fourth quarter of 2024.
- The company successfully reduced operating expenses by 20% year-over-year, despite doubling its revenue.
- Peraso Inc (PRSO) reported a significant improvement in gross margins, with non-GAAP gross margin reaching 71.6% in Q4 2024.
- The company has expanded its customer base for mmWave solutions, now supporting over 60 commercial products across 11 different customers.
- Peraso Inc (PRSO) received a $3.6 million purchase order from a strategic customer, indicating strong demand for its mmWave technology.
Negative Points
- Peraso Inc (PRSO) is facing a decline in royalty and other revenues, primarily due to a reduction in memory royalties.
- The company reported a GAAP net loss of $1.6 million for the fourth quarter of 2024.
- Peraso Inc (PRSO) anticipates some lumpiness in revenue from quarter to quarter due to the transition from memory IC products to mmWave solutions.
- The gross margin for mmWave products is expected to be lower than the high margins achieved with memory products.
- The company is still navigating uncertainties related to the BEAD program and its potential impact on future revenues.
