Peraso (PRSO, Financial) has revealed that its PRM2141X module has been chosen by Tachyon Networks for their new outdoor 60 GHz fixed wireless solution, the TNA-303L-65. This cutting-edge module is integral to providing high-speed, fiber-like connectivity with a compact design. Tachyon's full-band 60 GHz radio aims to deliver superior performance and speed at a revolutionary price.
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 224.75% from the current price of $1.01. More detailed estimate data can be found on the Peraso Inc (PRSO) Forecast page.
Based on the consensus recommendation from 1 brokerage firms, Peraso Inc's (PRSO, Financial) average brokerage recommendation is currently 2.0, indicating "Outperform" 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 $1.09, suggesting a upside of 7.92% from the current price of $1.01. 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: May 12, 2025
- Total Net Revenue: $3.9 million for Q1 2025, compared to $3.7 million in the prior quarter and $2.8 million in Q1 2024.
- Product Revenue: $3.8 million for Q1 2025, compared to $3.7 million in the prior quarter and $2.7 million in Q1 2024.
- mmWave Product Revenue: $1.5 million for Q1 2025, compared to $0.2 million in the prior quarter and $0.3 million in Q1 2024.
- GAAP Gross Margin: 69.3% for Q1 2025, compared to 56.3% in the prior quarter and 46.4% in Q1 2024.
- Non-GAAP Gross Margin: 69.3% for Q1 2025, compared to 71.6% in the prior quarter and 66.4% in Q1 2024.
- GAAP Operating Expenses: $3.2 million for Q1 2025, compared to $3.7 million in the prior quarter and $4.9 million in Q1 2024.
- Non-GAAP Operating Expenses: $3.1 million for Q1 2025, compared to $3.2 million in the prior quarter and $3.5 million in Q1 2024.
- GAAP Net Loss: $0.5 million, or $0.10 per share for Q1 2025, compared to a net loss of $1.6 million, or $0.37 per share in the prior quarter, and $2 million, or $1.07 per share in Q1 2024.
- Non-GAAP Net Loss: $0.4 million, or $0.08 per share for Q1 2025, compared to a net loss of $0.5 million, or $0.13 per share in the prior quarter, and $1.6 million, or $0.83 per share in Q1 2024.
- Adjusted EBITDA: Negative $0.3 million for Q1 2025, compared to negative $0.4 million in the prior quarter and negative $1.4 million in Q1 2024.
- Cash and Equivalents: $2.8 million as of March 31, 2025, compared to $3.3 million at December 31, 2024.
- Revenue Outlook for Q2 2025: Expected total net revenue in the range of $1.8 million to $2 million.
For the complete transcript of the earnings call, please refer to the full earnings call transcript.
Positive Points
- Peraso Inc (PRSO, Financial) reported year-over-year revenue growth, with first-quarter mmWave revenue surpassing the total mmWave revenue for the entire year of 2024.
- The company achieved significant improvement in bottom-line results due to disciplined expense management.
- Peraso Inc (PRSO) has expanded its engagement pipeline, with nearly 120 total engagements, indicating substantial market potential for its mmWave technology.
- The company introduced innovative upgrades to its Prospectus product family, increasing the number of supported endpoint devices per access point by 50%, benefiting the fixed wireless access market.
- Peraso Inc (PRSO) secured a strategic contract in the defense sector, opening a significant new revenue opportunity and showcasing the stealth capabilities of its mmWave technology.
Negative Points
- Total net revenue for the second quarter is expected to decline due to the anticipated roll-off of end-of-life memory IC shipments.
- The company reported a GAAP net loss of $0.5 million for the first quarter of 2025, although this was an improvement from previous quarters.
- Operating cash burn led to a decrease in cash and equivalents, from $3.3 million at the end of 2024 to $2.8 million as of March 31, 2025.
- Despite positive momentum, Peraso Inc (PRSO) still needs to secure more backlog for the third and fourth quarters to ensure continued growth.
- The impact of tariffs remains uncertain, and while there has been no immediate effect, potential changes could affect future operations.
