Bitcoin price today: dips below $112k, near 6-wk low despite Fed cut bets
SAN JOSE - Peraso Inc. (NASDAQ:PRSO), a $5.1 million market cap wireless technology company showing impressive revenue growth of 35.5% over the last twelve months, announced Friday that Tachyon Networks has selected its PRM2141X module for Tachyon’s new outdoor 60 GHz fixed wireless solution, the TNA-303L-65. According to InvestingPro analysis, Peraso maintains a strong balance sheet with more cash than debt.
The new radio is designed to deliver high-speed connectivity for both urban and rural deployments without requiring fiber installation, according to the company’s press release statement. With a robust gross profit margin of 57%, Peraso’s technology solutions demonstrate strong pricing power in the market.
The TNA-303L-65 supports full 60 GHz band operation (57-71 GHz) and can deliver up to 1 Gbps real-world throughput with a range exceeding 3 kilometers. It operates in point-to-multipoint networks that can connect up to 48 client terminals per sector.
"Our collaboration with Tachyon reinforces Peraso’s role in enabling the next wave of wireless broadband innovation," said Ron Glibbery, CEO of Peraso.
The product features a compact weatherproof design with integrated antenna, USB port with 2.4GHz Wi-Fi for setup, and compatibility with existing TNA-300 series solutions.
Harold Bledsoe, CEO of Tachyon, stated that the new equipment is built for versatility, serving applications from rural broadband extension to urban surveillance and smart city networks.
The solution aims to provide an alternative to traditional fiber deployments by eliminating costs associated with trenching, permitting, and licensing while still delivering what the company describes as "fiber-class speeds."
Peraso, which trades on the Nasdaq, 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. InvestingPro analysis indicates the stock is currently trading below its Fair Value, with 8 additional exclusive ProTips available to subscribers. Discover detailed insights about Peraso and over 1,400 other US stocks through comprehensive Pro Research Reports, transforming complex financial data into actionable investment intelligence.
In other recent news, Peraso Inc. reported net revenue of approximately $3.8 million for the first quarter of 2025 and $14.2 million for the fiscal year 2024. The company is exploring strategic alternatives to enhance stockholder value, including a potential merger or sale of assets, with Craig-Hallum Capital Group LLC assisting as a financial advisor. Additionally, Peraso is considering an unsolicited acquisition proposal from Mobix Labs, Inc. offering approximately $1.20 per share in Mobix common stock. The board is also evaluating various funding arrangements to address short-term cash needs.
Benchmark reiterated its Buy rating on Peraso, citing strengthening adoption in fixed wireless applications and the company’s recent military contract, which could drive further growth. Peraso has regained compliance with Nasdaq’s minimum bid price requirement, maintaining a closing bid price above $1.00 for ten consecutive trading days. The company also clarified that it complies with Nasdaq’s listing standards through the stockholders’ equity alternative. Peraso noted inaccuracies in Mobix’s previous financial claims and stated that no action is required by stockholders at this time.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.