Street Calls of the Week
SAN JOSE - Peraso Inc. (NASDAQ:PRSO), a technology company with a market capitalization of $7.7 million and annual revenue of $13.6 million, has received an initial volume order worth approximately $0.9 million for its PRM2141X modules from a leading global fixed wireless access (FWA) equipment supplier, the company announced Friday.
The order represents the first major purchase from this particular OEM customer for Peraso’s 60GHz technology, which enables high-speed broadband connectivity without fiber installation. According to InvestingPro data, the company maintains a healthy balance sheet with more cash than debt and a current ratio of 2.03, providing flexibility to support product development and delivery.
The PRM2141X module integrates a 16-element phased array antenna directly into the printed circuit board and operates across the full 802.11ad frequency band (57-71 GHz). The solution can be deployed with or without a dish reflector, accommodating both point-to-point and point-to-multipoint configurations.
"This order from a new OEM customer marks a major milestone for Peraso," said Ron Glibbery, CEO of Peraso, in the press release.
The company’s mmWave technology operates in the unlicensed 60 GHz band, which Peraso claims offers improved performance compared to traditional 5 GHz/6 GHz devices that may face interference and congestion issues.
When paired with Peraso’s PRS4601-B2E baseband processor, the module provides MAC and PHY functionality for 802.11ad operation and includes a USB 3.0 host interface.
The technology is designed to help FWA service providers expand broadband coverage without the time and expense associated with wired deployments. While the stock has seen significant volatility, showing a 60% gain over the past six months, InvestingPro analysis indicates the company is currently trading below its Fair Value. Subscribers can access 12 additional ProTips and comprehensive financial metrics for deeper insight into PRSO’s potential.
Peraso Inc. specializes in high-performance 60 GHz unlicensed and 5G mmWave wireless technology, offering chipsets, modules, software and IP for various applications including fixed wireless access. Despite maintaining a gross profit margin of 56%, the company faces near-term challenges with analysts forecasting a sales decline this year. For detailed analysis and growth prospects, investors can access the comprehensive Pro Research Report available on InvestingPro.
The information in this article is based on a company press release.
In other recent news, Peraso Inc. reported several significant developments. The company entered a definitive agreement for the immediate exercise of certain Series C warrants, resulting in approximately $1.1 million in gross proceeds. In a separate announcement, WeLink Communications selected Peraso’s 60 GHz mmWave technology for expanding high-speed broadband in urban areas across the U.S. Meanwhile, Peraso received a notice from Nasdaq regarding non-compliance with the minimum bid price requirement, with a deadline to regain compliance by March 2026. Additionally, Mobix Labs enhanced its acquisition proposal for Peraso by adding a cash component to its previous all-stock offer. However, Peraso is exploring strategic alternatives as Mobix Labs declined to sign a standard confidentiality agreement during the ongoing review process. These developments highlight a period of significant activity for Peraso, impacting both its financial and strategic positioning.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.