Peraso Receives Additional EOL Purchase Order Totaling $2.88 Million [Yahoo! Finance]
Peraso Inc. (PRSO)
Company Research
Source: Yahoo! Finance
and 5G licensed networks, today announced the Company received an additional purchase order totaling $2.88 million. This non-cancelable order represents incremental last-time buys associated with the previously announced end-of-life ("EOL") program for the Company's memory integrated circuit products ("memory IC products"). To date, the Company has booked EOL purchase orders totaling approximately $16.9 million, of which the majority remains in backlog. Peraso has commenced fulfillment of these collective orders and expects shipments to extend into 2025. "We are pleased to receive this additional purchase order and expect to realize continued revenue and cash flow from our EOL program throughout 2024 and into 2025," said Mark Lunsford, CRO of Peraso. "In addition to highlighting the faith in Peraso's legacy products and solutions, this order will provide additional meaningful cash flow, as we continue to bring our market-leading mmWave solutions to new markets. About Peraso Inc.
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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