Q4 2025 Peraso Inc Earnings Call Transcript
Key Points
- Peraso Inc (PRSO) reported a sixfold increase in mmWave product revenue for the full year 2025 compared to 2024.
- The company achieved significant customer wins in the Fixed Wireless Access market, including collaborations with Tachyon Networks and WeLink.
- Peraso Inc (PRSO) expanded into the Tactical Communications market, securing a contract with a leading defense contractor for a deployable system solution.
- The company is exploring high-growth opportunities in adjacent markets, such as Edge AI, with partnerships like the one with BioWorks for robotaxi fleet vehicles.
- Peraso Inc (PRSO) maintained disciplined expense management, resulting in a reduction of GAAP operating expenses from $20 million in 2024 to $11.8 million in 2025.
- Total net revenue for the fourth quarter of 2025 decreased to $2.9 million from $3.7 million in the fourth quarter of 2024.
- The company experienced a delay in a significant order due to customs issues, impacting first-quarter 2026 revenue by more than $0.5 million.
- GAAP gross margin for the fourth quarter of 2025 decreased to 52.2% from 56.3% in the year-ago quarter.
- Peraso Inc (PRSO) reported a full-year 2025 GAAP net loss of $4.8 million, although this was an improvement from a $10.7 million loss in 2024.
- Visibility into future demand remains low due to irregular order patterns from Fixed Wireless Access customers and new customers without established order patterns.
Good afternoon and welcome to Peraso, Inc.'s third-quarter 2025 conference call.
(Operator Instructions) As a reminder, this conference call is being recorded today, Monday, March 16, 2026.
I would now like to turn the call over to your host for today's conference call, Mr. Jim Sullivan. Please go ahead.
Good afternoon and thank you for joining today's conference call to discuss Peraso's fourth-quarter and full-year 2025 financial results.
I'm Jim Sullivan, CFO of Peraso. Joining me today is Ron Glibbery, our CEO.
Today, after the market closed, we issued a press release and a related Form 8-K, which was filed with the Securities and Exchange Commission. The press release and Form 8-K are available on Peraso's website at www.perasoinc.com, under the Investor Relations section.
There is also a slide presentation that we will be using in conjunction with today's call that may be accessed through
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