Peraso Inc. Reports Q3 2024 Financial Results
TipRanks (Tue, 12-Nov 11:34 PM ET)
Peraso Non-GAAP EPS of -$0.34 misses by $0.04, revenue of $3.84M misses by $0.22M
Seeking Alpha News (Tue, 12-Nov 4:59 PM ET)
Peraso Announces Third Quarter 2024 Results
ACCESSWIRE (Tue, 12-Nov 4:07 PM ET)
Here are the major earnings after the close today
Seeking Alpha News (Tue, 12-Nov 1:00 AM ET)
Peraso Q3 2024 Earnings Preview
Seeking Alpha News (Mon, 11-Nov 5:35 PM ET)
ACCESSWIRE (Wed, 6-Nov 8:01 AM ET)
Peraso Announces Exercise of Warrants for $2.9 Million in Gross Proceeds
ACCESSWIRE (Tue, 5-Nov 9:40 AM ET)
SAF Tehnika Unveils FreeMile 60, Accelerating mmWave Adoption in the $3.4B Addressable Market
ACCESSWIRE (Fri, 1-Nov 9:11 AM ET)
Peraso to Announce Third Quarter 2024 Financial Results
ACCESSWIRE (Tue, 29-Oct 8:01 AM ET)
ACCESSWIRE (Thu, 24-Oct 8:11 AM ET)
Peraso Inc is a fabless semiconductor company focused on the development and sale of: i) millimeter wavelength wireless technology, or mmWave, semiconductor devices and antenna modules based on its proprietary semiconductor devices and ii) performance of non-recurring engineering, or NRE, services and licensing of intellectual property, or IP. The company's primary focus is the development of mmWave, which is generally described as the frequency band from 24 Gigahertz, or GHz, to 300 GHz. Geographically the company generates revenue from the United States, Hong Kong, Taiwan, and the Rest of the World.
Peraso trades on the NASDAQ stock market under the symbol PRSO.
As of November 15, 2024, PRSO stock price climbed to $0.83 with 115,597 million shares trading.
PRSO has a beta of 5.77, meaning it tends to be more sensitive to market movements. PRSO has a correlation of 0.02 to the broad based SPY ETF.
PRSO has a market cap of $2.35 million. This is considered a Sub-Micro Cap stock.
Last quarter Peraso reported $4 million in Revenue and -$.34 earnings per share. This fell short of revenue expectation by $-199,000 and missed earnings estimates by -$.11.
The top ETF exchange traded funds that PRSO belongs to (by Net Assets): VXF.
PRSO has underperformed the market in the last year with a price return of -99.8% while the SPY ETF gained +32.1%. PRSO has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -38.6% and -57.0%, respectively, while the SPY returned +8.0% and +3.0%, respectively.
PRSO support price is $.67 and resistance is $.84 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that PRSO shares will trade within this expected range on the day.