Peraso Announces Fourth Quarter and Full Year 2023 Results [Yahoo! Finance]
Peraso Inc. (PRSO)
Company Research
Source: Yahoo! Finance
unlicensed and 5G licensed networks, today announced financial results for the fourth quarter and full year ended December 31, 2023. Management Commentary "Consistent with our prior expectations, product revenue for the fourth quarter reflected the ongoing inventory correction in the market for our mmWave products, as well as the non-linear timing of end-of-life shipments for our memory IC products," commented Ron Glibbery, CEO of Peraso. "Since the beginning of the new year, these headwinds have begun to moderate, and we anticipate revenue growth to resume in the first quarter and for the full year. These expectations are supported by over $12 million of remaining total order backlog for our memory IC products, as well as new orders for our mmWave products targeting fixed wireless access (FWA) applications, including from our largest customer. "Also notable, we have recently seen an uptick in customer engagement activity with wireless Internet service providers (WISPs) seeking
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PRSO
News
- Peraso to Announce First Quarter 2024 Financial ResultsAccesswire
- JAGX, BSGM and SXTC among mid-day movers [Seeking Alpha]Seeking Alpha
- Panasonic Introduces New mmWave Wi-Fi Solution Utilizing Peraso's X710 Chipset Technology [Yahoo! Finance]Yahoo! Finance
- Panasonic Introduces New mmWave Wi-Fi Solution Utilizing Peraso's X710 Chipset TechnologyAccesswire
- Peraso (PRSO) Could Find a Support Soon, Here's Why You Should Buy the Stock Now [Yahoo! Finance]Yahoo! Finance
PRSO
Earnings
- 3/18/24 - Miss
PRSO
Sec Filings
- 4/17/24 - Form 4
- 4/15/24 - Form EFFECT
- 4/9/24 - Form POS
- PRSO's page on the SEC website