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SAN JOSE - Peraso Inc. (NASDAQ:PRSO), a $6.36 million market cap technology company, has regained compliance with Nasdaq Capital Market’s minimum bid price requirement, the company announced Friday. The stock, which InvestingPro analysis suggests is currently undervalued, has shown strong momentum with a 44.49% price gain over the past six months.
The mmWave wireless technology provider received notification from Nasdaq that it had maintained a closing bid price above the $1.00 minimum threshold for ten consecutive trading days through June 17, 2025, satisfying the requirements of Nasdaq Marketplace Rule 5550(a)(2).
The notification letter indicated that Nasdaq now considers the compliance matter closed, according to the company’s press release statement.
Peraso, which specializes in 60 GHz unlicensed and 5G mmWave wireless technology, had previously fallen below the minimum bid price requirement that stock exchange-listed companies must maintain to continue trading on the Nasdaq Capital Market.
The company develops chipsets, modules, software and IP for applications including fixed wireless access and immersive video.
In other recent news, Peraso Inc reported a revenue increase for the first quarter of 2025, reaching $3.9 million, up from $3.7 million in the previous quarter and $2.8 million in the same period last year. The company’s millimeter wave product revenues surged to $1.5 million, highlighting strong growth in this segment. Despite a GAAP net loss of $500,000, or $0.10 per share, Peraso demonstrated an improved gross margin of 69.3%, up from 56.3% in the prior quarter. Looking ahead, Peraso anticipates continued growth in its millimeter wave revenues throughout 2025, with second-quarter net revenue expected to range between $1.8 million and $2.0 million. Additionally, the company is optimistic about increasing demand for fixed wireless access and expanding opportunities in the military and defense sectors. No significant impact from tariffs has been observed, and the company expects potential benefits from BEAD funding in the second half of 2025. These developments indicate a positive trajectory for Peraso as it continues to expand its market presence globally.
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