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Peraso
(NASDAQ:PRSO)
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Rating:43Neutral
Price Target:
$0.63
▼(-7.21% Downside)
Action:Reiterated
Date:08/22/26
The score is held down primarily by weak financial performance (declining revenue, very large operating losses, and sustained free-cash-flow burn) and bearish technical signals (price below key moving averages with negative MACD). Offsetting factors include a low-debt balance sheet and some sequential improvement and strategic progress discussed on the earnings call, but near-term visibility, funding/dilution risk, and the Nasdaq compliance issue remain meaningful overhangs.
Positive Factors
Low leverage
Minimal debt reduces interest and refinancing pressure, giving Peraso greater flexibility while it develops products and seeks market traction. However, this advantage is limited because ongoing losses and cash burn still require external funding.
Negative Factors
Persistent revenue contraction
Declining revenue indicates that Peraso has not yet established consistent demand across its mmWave markets. A smaller revenue base also makes fixed engineering and operating costs harder to absorb, delaying the path to sustainable profitability.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage
Minimal debt reduces interest and refinancing pressure, giving Peraso greater flexibility while it develops products and seeks market traction. However, this advantage is limited because ongoing losses and cash burn still require external funding.
Read all positive factors
Peraso (PRSO) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$10.17M
Dividend YieldN/A
Average Volume (3M)414.97K
Price to Earnings (P/E)―
Beta (1Y)0.60
Revenue Growth-38.47%
EPS Growth61.35%
CountryUS
Employees42
SectorTechnology
Sector Strength88
IndustrySemiconductors
Share Statistics
EPS (TTM)-0.68
Shares Outstanding15,064,476
10 Day Avg. Volume285,735
30 Day Avg. Volume414,967
Financial Highlights & Ratios
PEG Ratio0.02
Price to Book (P/B)1.33
Price to Sales (P/S)0.50
P/FCF Ratio-1.07
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda>-0.01
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)-0.67
Revenue Forecast (FY)$4.52M
Peraso Business Overview & Revenue Model
Company Description
Peraso Inc. operates as a fabless semiconductor company, specializing in the design and sale of semiconductor devices and modules. A key area of its expertise is millimeter-wave (mmWave) technology, particularly for the 60-gigahertz frequency band...
How the Company Makes Money
Peraso primarily makes money by selling mmWave connectivity hardware and related technology to other companies (B2B). Its main revenue stream is product revenue from shipments of mmWave semiconductor components and modules—such as phased-array ant...
Peraso Earnings Call Summary
Earnings Call Date:Aug 11, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Nov 16, 2026
Earnings Call Sentiment Neutral
The call presented a mixed picture: near‑term financials show sequential improvement (revenue up ~36% q/q, higher gross margins, reduced sequential loss) and meaningful strategic progress (new PRM2145 module, >50 Gbps demo, defense revenue and partnerships, manufacturing scalability, and a $25M committed equity facility). However, these positives are tempered by a significant year‑over‑year revenue decline (~‑40.9% YoY), ongoing net losses and negative adjusted EBITDA, irregular order patterns from fixed wireless customers, and supply constraints (memory shortages) that limit near‑term visibility and warranted the decision to not provide guidance. Overall the company has encouraging strategic momentum and improved sequential execution, but material financial and demand uncertainties remain.Positive Updates
Sequential Revenue Growth
Total net revenue of $1.3M in Q2 2026 increased approximately 36% sequentially from $1.0M (driven by fulfillment of a previously delayed order). Product revenue rose to $1.2M from $0.7M in the prior quarter (≈+71%).
Negative Updates
Year‑over‑Year Revenue Decline
Total net revenue of $1.3M in Q2 2026 decreased from $2.2M in Q2 2025, a decline of approximately 40.9% year‑over‑year; product revenue followed the same trend (from $2.2M to $1.2M).
Read all updates
Q2-2026 Updates
Positive
Negative
Sequential Revenue Growth
Total net revenue of $1.3M in Q2 2026 increased approximately 36% sequentially from $1.0M (driven by fulfillment of a previously delayed order). Product revenue rose to $1.2M from $0.7M in the prior quarter (≈+71%).
Read all positive updates
Company Guidance
Peraso said it will not provide quarterly guidance due to insufficient visibility from irregular order patterns, but offered directional metrics and near‑term expectations: Q2 revenue was $1.3M (up ≈36% sequential), product revenue $1.2M, gross margin 63.7% (vs 61.5% prior quarter), GAAP operating expenses $3.1M (non‑GAAP OpEx ~$2.9M run‑rate), GAAP net loss $2.2M (‑$0.16/share) and non‑GAAP net loss $2.1M (‑$0.15/share) with adjusted EBITDA of ‑$2.0M; cash was ~$3.3M at June 30 (vs $2.7M at March 31; net cash increase ~$0.6M driven by ~$2.4M ATM proceeds), weighted average shares ~14.1M, total shares outstanding ~15.1M, and manufacturing capacity of ~30k–50k units/month (scalable toward 100k/month). Looking ahead, management expects supply dislocations and elevated memory prices to likely extend into Q4, believes PRM2145 modules will be available for customer evaluation in Q4, anticipates some ground‑based defense shipments potentially late this year with drone shipments ramping in Q1–Q2 next year, and has a committed ROTH equity facility for up to $25M to support growth.Peraso Financial Statement Overview
Summary
Income Statement
22
Negative
Balance Sheet
58
Neutral
Cash Flow
18
Very Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 8.37M | 12.19M | 14.57M | 13.75M | 14.87M | 5.68M |
| Gross Profit | 4.74M | 7.07M | 7.53M | 1.87M | 5.95M | 2.41M |
| EBITDA | -6.79M | -4.49M | -8.76M | -19.22M | -23.27M | -6.88M |
| Net Income | -7.17M | -4.75M | -10.73M | -16.80M | -32.40M | -10.91M |
Balance Sheet | ||||||
| Total Assets | 6.79M | 6.08M | 7.21M | 10.71M | 22.49M | 47.95M |
| Cash, Cash Equivalents and Short-Term Investments | 3.32M | 2.89M | 3.34M | 1.58M | 2.91M | 15.16M |
| Total Debt | 128.00K | 192.00K | 321.00K | 719.00K | 1.49M | 667.00K |
| Total Liabilities | 1.86M | 1.44M | 3.74M | 6.63M | 7.23M | 5.88M |
| Stockholders Equity | 4.92M | 4.64M | 3.47M | 4.08M | 15.26M | 42.07M |
Cash Flow | ||||||
| Free Cash Flow | -6.87M | -5.72M | -4.58M | -4.78M | -17.03M | -12.25M |
| Operating Cash Flow | -6.53M | -5.61M | -4.58M | -4.69M | -16.02M | -12.02M |
| Investing Cash Flow | -342.00K | -107.00K | 0.00 | 1.01M | 10.04M | 6.63M |
| Financing Cash Flow | 8.43M | 5.26M | 6.34M | 3.44M | 1.92M | 9.57M |
Peraso Technical Analysis
Negative
0.68
Price Trends
0.76
Negative
0.88
Negative
0.95
Negative
Market Momentum
-0.03
Negative
42.37
Neutral
30.95
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For PRSO, the sentiment is Negative. The current price of 0.68 is below the 20-day moving average (MA) of 0.68, below the 50-day MA of 0.76, and below the 200-day MA of 0.95, indicating a bearish trend. The MACD of -0.03 indicates Negative momentum. The RSI at 42.37 is Neutral, neither overbought nor oversold. The STOCH value of 30.95 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for PRSO.
Peraso Risk Analysis
Peraso disclosed 44 risk factors in its most recent earnings report. Peraso reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Peraso Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
59 Neutral | $41.38M | 0.62 | 434.73% | ― | -38.72% | 16.01% | |
57 Neutral | $416.63M | -149.17 | -3.79% | ― | 20.89% | -240.91% | |
57 Neutral | $15.80M | -14.23 | -43.09% | ― | -16.64% | -79.86% | |
53 Neutral | $195.99M | -5.67 | -31.56% | ― | 7.68% | 0.83% | |
49 Neutral | $46.67M | -0.26 | -135.06% | ― | -33.68% | ― | |
43 Neutral | $10.17M | -0.99 | -171.32% | ― | -38.47% | 61.35% |
* Technology Sector Average
PRSO
Peraso
0.67
-0.16
-19.40%
PXLW
Pixelworks
6.74
-1.63
-19.43%
LEDS
SemiLEDs
1.85
0.01
0.54%
SQNS
Sequans Communications S A
3.00
-6.60
-68.75%
MRAM
Everspin Technologies
16.14
9.97
161.59%
VLN
Valens
1.77
-0.37
-17.29%
Peraso Corporate Events
Executive/Board Changes
Peraso Board Approves Modest Executive Leadership Pay Increases
Positive
Aug 21, 2026
On August 21, 2026, Peraso Inc.’s compensation committee approved a five percent increase in annual base salary for its executive officers, retroactive to July 1, 2026, raising CEO Ronald Glibbery’s pay to $420,000, CFO James Sullivan&...
Executive/Board Changes
Peraso Announces Planned Retirement of Board Director
Neutral
Jul 29, 2026
On July 28, 2026, Peraso Inc. announced that director Daniel Lewis has notified the company he will not stand for re-election when his current term ends at the 2026 annual meeting of stockholders, as part of his planned retirement. The company emp...
Delistings and Listing ChangesRegulatory Filings and ComplianceShareholder Meetings
Peraso Addresses Nasdaq Listing Deficiency and Compliance Options
Negative
Jul 24, 2026
On July 21, 2026, Peraso Inc. disclosed that it had fallen out of compliance with Nasdaq’s $1 minimum bid price requirement after its shares traded below that level for 30 consecutive business days ended July 20, 2026. The company has 180 ca...
Business Operations and StrategyPrivate Placements and Financing
Peraso Modifies Equity Purchase Agreement With Roth Investor
Positive
Jul 10, 2026
On July 10, 2026, Peraso Inc. entered into a letter agreement with Roth Principal Investments, LLC to modify the terms of an existing Common Stock Purchase Agreement dated June 30, 2026. Under the new arrangement, Roth Principal Investments agreed...
Business Operations and StrategyPrivate Placements and Financing
Peraso Establishes New $25M Equity Financing Facility
Positive
Jul 2, 2026
On June 30, 2026, Peraso Inc. entered into a common stock purchase agreement and related registration rights agreement with Roth Principal Investments, creating a committed equity facility that allows, but does not obligate, the company to sell up...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.