The earnings call highlighted significant achievements in mmWave revenue growth, gross margin improvement, and new defense sector contracts, reflecting strong momentum and product innovation. However, this was tempered by a cautious revenue outlook for the next quarter and reduced cash reserves.

Company Guidance -

Q1 2025

During the first quarter of fiscal year 2025, Peraso Inc. reported a total net revenue of $3.9 million, marking an increase from $3.7 million in the previous quarter and $2.8 million in the same quarter of 2024. This growth was primarily driven by millimeter wave (mmWave) product revenues, which rose to $1.5 million from $0.2 million in the prior quarter and $0.3 million a year ago. The GAAP gross margin significantly improved to 69.3%, up from 56.3% in the previous quarter and 46.4% in the first quarter of 2024. Non-GAAP gross margin for the first quarter was also 69.3%. Operating expenses on a GAAP basis decreased to $3.2 million from $3.7 million in the prior quarter and $4.9 million a year ago, while non-GAAP operating expenses were $3.1 million. The company reported a GAAP net loss of $0.5 million, equating to a loss of $0.10 per share, improved from a loss of $1.6 million or $0.37 per share last quarter and $2 million or $1.07 per share a year ago. On a non-GAAP basis, the net loss was $0.4 million or $0.08 per share. Adjusted EBITDA was negative $0.3 million, compared with negative $0.4 million last quarter and negative $1.4 million a year ago. As of March 31, 2025, Peraso had $2.8 million in cash and equivalents. Looking forward, the company expects second quarter net revenue to range between $1.8 million and $2 million, with anticipated double-digit sequential growth in mmWave revenue.

mmWave Revenue Growth

First quarter mmWave revenue exceeded total mmWave revenue for the full year of 2024, indicating strong momentum.

Significant GAAP Gross Margin Improvement

GAAP gross margin increased to 69.3% in Q1 2025 from 56.3% in the prior quarter and 46.4% in the year-ago quarter.

Defense Sector Contract

Peraso executed a new strategic contract to deliver mission-critical wireless applications to global military and defense forces, signifying a new revenue opportunity.

New Product Innovations

Introduced major upgrades to the PERSPECTUS product family and a new module, PRM2141X-D, enhancing capabilities and market reach.

Reduced Net Loss

GAAP net loss for Q1 2025 was $0.5 million, a significant improvement from a $2 million loss in Q1 2024.

Peraso (PRSO) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

PRSO Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Aug 18, 2025	2025 (Q2)	-0.46 / -	-0.88	―	―	―
May 12, 2025	2025 (Q1)	-0.16 / -0.08	-0.83	90.36% (+0.75)	―
Mar 19, 2025	2024 (Q4)	-0.27 / -0.13	-8.52	98.47% (+8.39)	―
Nov 12, 2024	2024 (Q3)	-0.19 / -0.34	-1.6	78.75% (+1.26)
Aug 12, 2024	2024 (Q2)	-0.36 / -0.88	-4.8	81.67% (+3.92)
May 13, 2024	2024 (Q1)	-1.32 / -0.83	-6	86.17% (+5.17)	―
Mar 18, 2024	2023 (Q4)	-3.76 / -8.52	-5.2	-63.85% (-3.32)	―
Nov 13, 2023	2023 (Q3)	-4.00 / -1.60	-8	80.00% (+6.40)	―
Aug 14, 2023	2023 (Q2)	-3.80 / -4.80	-8.8	45.45% (+4.00)
May 15, 2023	2023 (Q1)	-4.00 / -6.00	-13.666	56.10% (+7.67)	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

PRSO Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
May 12, 2025	$1.08	$0.96	-11.11%
Mar 19, 2025	$0.83	$0.81	-2.41%
Nov 12, 2024	$1.06	$0.85	-19.81%
Aug 12, 2024	$1.50	$1.34	-10.67%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Peraso, Inc. (PRSO) report earnings?

Peraso, Inc. (PRSO) is schdueled to report earning on Aug 18, 2025, After Close (Confirmed).

What is Peraso, Inc. (PRSO) earnings time?

Peraso, Inc. (PRSO) earnings time is at Aug 18, 2025, After Close (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is PRSO EPS forecast?

PRSO EPS forecast for the fiscal quarter 2025 (Q2) is -0.46.

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