Peraso Inc
perasoinc.comWhat Do They Do?
Sells wireless semiconductor chips and antenna modules for fixed-wireless equipment makers, internet providers, and defense communications customers.
10-K for FY2025, filed Mar 30, 2026We are a fabless semiconductor company focused on the development and sale of: i) millimeter wavelength wireless technology, or mmWave…View ↗
Our 60 GHz IEEE802.11ad products have two very important advantages over traditional 2.4 GHz / 5 GHz Wi-Fi products: very high data rates…View ↗
We are a leading supplier of semiconductors in the mmWave PtP and PtMP markets. We are currently shipping to leading equipment suppliers in…View ↗
An additional market for our 60GHz mmWave products is military applications requiring secure communications. Specifically, as a result of…View ↗
How Do They Make Money?
Customers buy chips and modules directly or through distributors, usually with payment terms of 60 days or less; product sales are counted when the products ship. Memory-technology royalties are based on licensee use and paid the following quarter; mmWave license fees are earned when the license is transferred.
10-K for FY2025, filed Mar 30, 2026
$12.2M
-
10-K for FY2025, filed Mar 30, 2026
$12.2M ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Product
Sold outright
10-K for FY2025, filed Mar 30, 2026 |
97%
FY2022: 96%
|
Product, FY2025
$11.8M Sources
|
Sold outright |
|
Royalty and other
Mix
|
2.9%
FY2022: 4.5%
|
Royalty and other, FY2025
$348K Sources
|
Mix |
Who Are Their Customers?
Fixed-wireless equipment makers and wireless internet providers buy Peraso's products; it sells directly and through sales representatives and distributors.
10-K for FY2025, filed Mar 30, 2026In the FWA market, our primary customer base is OEMs, but we also have multiple WISP customers primarily located in Africa. Our OEM…View ↗
In addition to our direct sales personnel, we sell through sales representatives and distributors in the United States, Africa, Asia and…View ↗
We are a leading supplier of semiconductors in the mmWave PtP and PtMP markets. We are currently shipping to leading equipment suppliers in…View ↗
10-K for FY2025, filed Mar 30, 2026
During the year ended December 31, 2025, five customers accounted for 10% or more of our net revenues, including UI Limited at 29% and…View ↗
Do Revenues Turn Into Profits?
No. It lost $4.8M in FY2025.
10-K for FY2025, filed Mar 30, 2026
−$4.8MView ↗
10-K for FY2025, filed Mar 30, 2026
−$4.8MView ↗
10-K for FY2025, filed Mar 30, 2026
−$5.7MView ↗
How Are They Changing?
- Net income
-
Sources
10-Q for Q2 FY2026, filed Aug 13, 2026
−$2.2MView ↗
- ▲ +21% (Loss)
- vs −$1.8M in Q2 FY2025
10-Q for Q2 FY2026, filed Aug 13, 2026
Open tableView ↗
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Sep 8, 2026
Chief financial officer to resign; CEO to serve as interim CFO
James Sullivan's resignation is effective October 2, 2026; CEO Ronald Glibbery will also serve as interim CFO.
Sources
8-K, filed Sep 11, 2026
On September 8, 2026, James Sullivan notified Peraso Inc. (the “Company”) of his resignation as Chief Financial Officer and Secretary of…View ↗
-
Jul 24, 2026
Nasdaq notified Peraso of a minimum-bid-price deficiency
Peraso has until January 19, 2027, to regain compliance; the notice did not immediately delist its shares.
Sources
8-K, filed Jul 24, 2026
In accordance with Nasdaq Listing Rule 5810(c)(3)(A), the Company has been provided a period of 180 calendar days, or until January 19…View ↗
Growing. Revenue grew 2.1x in 4 years, from $5.7M in FY2021 to $12.2M in FY2025, about 21% a year.
Who Do They Compete With?
Competes with Qualcomm, MediaTek, and Samsung Electronics
10-K for FY2025, filed Mar 30, 2026Historically, our primary competitor in the IEEE802.11ad/ay market has been Qualcomm. The primary benefit that we provide to the market is…View ↗
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