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SAN JOSE, CA - Semiconductor company Peraso Inc., currently trading at $0.59 and down over 60% in the past six months according to InvestingPro data, has been notified by The Nasdaq Stock Market LLC (Nasdaq) that it is currently not in compliance with the exchange’s minimum bid price requirement. The notice, received on Monday, April 4, 2025, indicated that Peraso’s common stock had closed below the minimum $1 per share for 30 consecutive business days as of April 3, 2025.
Under Nasdaq Listing Rule 5550(a)(2), the minimum bid price per share for listed securities must be $1 or more. Peraso, which trades under the ticker (NASDAQ:PRSO) and currently has a market capitalization of just $2.97 million, now has 180 calendar days, until October 1, 2025, to regain compliance. To meet Nasdaq’s standards again, Peraso’s common stock must maintain a closing bid price of at least $1 per share for a minimum of ten consecutive business days within this six-month grace period.
If Peraso fails to achieve compliance by the October deadline, it may be granted an additional 180-day period to rectify the bid price deficiency, provided it meets all other initial listing standards for the Nasdaq Capital Market, except for the bid price requirement. Peraso would need to communicate its intention to Nasdaq to address the shortfall, potentially through a reverse stock split. InvestingPro analysis indicates the company maintains a strong liquidity position with a current ratio of 1.8, though its overall financial health score is currently rated as WEAK.
The notice from Nasdaq does not immediately affect the listing of Peraso’s common stock, and the shares will continue to trade on the Nasdaq Capital Market. The company is actively exploring options to resolve the issue and avoid delisting, which may include financial or strategic measures to boost the share price above the required threshold. Despite current challenges, analysts maintain optimistic price targets ranging from $3.00 to $3.75, according to InvestingPro data, which also indicates the stock is currently trading below its Fair Value.
Peraso, formerly known as MoSys , Inc., is incorporated in Delaware and is headquartered in San Jose, California. The company specializes in the manufacture of semiconductors and related devices, a sector that has seen significant volatility in recent years.
This development is based on a press release statement and does not immediately impact Peraso’s listing status. The company has until the specified deadline to address the bid price issue and maintain its position on the Nasdaq Capital Market.
In other recent news, Peraso Inc. reported a significant rise in revenue for the fourth quarter of 2024, doubling year-over-year to $3.7 million. The company’s full-year revenue for 2024 also saw an increase, reaching $14.6 million, up from $13.7 million in 2023. Despite a GAAP net loss of $1.6 million, the company experienced a 56.3% GAAP gross margin in Q4, an improvement from the previous quarter. Peraso is projecting first-quarter 2025 revenue between $3.6 million and $4.0 million, with anticipated growth in its MMA product line. Additionally, the company is expanding into military communication applications, with revenue from this sector expected to begin in 2026. Peraso’s operating expenses decreased by 20% year-over-year, reflecting the company’s efforts in cost reduction. The company also introduced the Dune MMA platform for urban networks, further diversifying its market presence. Analyst firm Benchmark’s recent discussion highlighted renewed customer demand and a more diverse customer base for Peraso, with expectations of continued growth in 2025.
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