Peraso Inc.
The research page contains a warning that has not been mapped to a supported model interpretation. The company research remains available, but the complete score is withheld until the warning is reviewed.
Severe listing-compliance risk
The share price is below $1 and the stored reverse-split/listing-risk level is CRITICAL. No verified reverse-split authorization or announced reverse split is currently recorded. This is a risk signal, not confirmation that Nasdaq has issued a deficiency notice.
PRSO · Price history
Price at last available close
$0.44
−$0.03 (-7.42%) 1M
2026-10-29
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Company & revenue
About Peraso Inc.
Primary reporting period: 2025-12-31 · Research updated Oct 13, 2026. A research update is not a new financial filing.
Who they are
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 and advanced 5G cellular networks. The company's primary product portfolio includes a range of mmWave integrated circuits (ICs), such as baseband ICs and various radio frequency (RF) ICs, along with supporting antenna technology and complete mmWave modules.
How they make money
Peraso generates revenue primarily through the sale of mmWave wireless technology solutions, including chipsets, antenna modules, and software. The company operates as a fabless semiconductor business, outsourcing the manufacturing of its products to third-party foundries and assembly and test providers, while focusing its internal resources on research, development, and sales.
Products & services
High-performance 60 GHz unlicensed and 5G mmWave wireless technology, including integrated chipsets, antenna modules, software, and intellectual property for fixed wireless access, tactical communications, immersive video, and factory automation.
Brands & revenue mix
No separate brand or brand-level revenue disclosure was confirmed in the reviewed sources. This does not mean the company has no brands.
Product / operating segments
No reconciled product or operating-segment revenue breakdown is available for the current research period. Company-wide revenue remains separate from segment disclosure.
Geographic revenue
No reconciled geographic revenue breakdown was confirmed for the current research period.
Customer types
Customer concentration
The company historically experiences significant customer concentration, where a limited number of customers account for a substantial portion of total revenue, as disclosed in the 2025 Annual Report.
Suppliers, materials & equipment
- Foundries and assembly/test providers — The company utilizes third-party semiconductor foundries and assembly and test providers to manufacture its products.Source
Competitors
- Semiconductor companies in the wireless connectivity space — Various established and emerging semiconductor companies that provide competing wireless technology solutions for mmWave and 5G applications.Source
Strengths
- Pioneer in high-performance 60 GHz and 5G mmWave technologySource
Sources
Company-specific research
Questions worth answering for PRSO
These questions are generated from this company's current financial and score data so the page adds context instead of treating the headline score as a stand-alone conclusion.
- •What is driving PRSO's revenue decline, and does the latest company filing suggest the weakness is temporary or structural?
- •How long can PRSO fund negative free cash flow using its current cash position before it may need more debt or new shares?
- •How is PRSO likely to use its cash advantage: reinvestment, acquisitions, debt reduction, dividends or buybacks?
- •What specifically needs to improve for PRSO to reach sustainable profitability?
- •What future growth or profitability would be needed to justify PRSO's current valuation?
Essential Investment Snapshot
Market Cap
$6.6M
P/E Ratio
-0.5
EPS
$-0.68
52-Week High
$2.37
52-Week Low
$0.36
Beta
0.75
Analyst Target
$3.00
Shares Outstanding
15.1M
Total Debt
$128K
Dividend
No current dividend
Liquidation Value / Share
$0.33
Momentum & Volatility Signals
Two different market-behavior signals. Momentum measures direction and trend strength. Volatility measures how large and unstable the price moves are, regardless of direction.
Weakening momentum
Extreme movement
A high momentum score means price has been trending upward with confirming short- and medium-term strength. A low score means downward or weakening momentum.
A high volatility score means larger, less stable price swings. It can happen while a stock is rising or falling, so high volatility is not automatically bullish or bearish.
Important: the volatility score above is based on realized price volatility. Implied volatility (IV) comes from options prices and represents the market's expected future movement. Wall Street Score will keep IV separate and will only display it when a verified options-chain feed is available.
Notices for PRSO
Detected from reported data — verify before acting.Debt service risk
Interest coverage is low (~-4983.0x). Earnings may be strained to cover interest expense.
Community Sentiment
0 active · 0 total callsNo personal call yet on PRSO.
Potential upside factors
- +Growth opportunities may come from revenue expansion, margin improvement, new products, market-share gains, and stronger cash flow.
- +Pioneer in high-performance 60 GHz and 5G mmWave technology.
Potential downside factors
- −Key risks may include competition, margin pressure, debt levels, valuation risk, and changes in demand within the Semiconductors industry.
- −Need for additional financing to support business strategy.
- −Dependence on third-party manufacturing partners.
- −Diluted weighted-average shares increased 132.1% year over year.
These research factors come from saved company research and financial data, not community votes. They are starting points to verify against filings, not buy or sell recommendations.
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Scores
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Score Changes
Score changes will appear once more historical records are available.
Price vs. Value
Valuation unavailableCurrent Price
$0.44
Model Intrinsic Value
—
Difference
—
Margin of Safety
—
Intrinsic value is not currently available for this stock, so valuation can't be calculated.
Financial Charts
Revenue
Additional Metrics
Operating Cash Flow
Total Debt
Total Assets
Net Margin %
Free includes 3 annual periods plus available TTM; Premium includes up to 10 annual periods. History depends on available company filings. Swipe the table horizontally to see older periods. A dash means unavailable, not zero.
| Line Item | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $8.4M | $12.2M | $14.6M | $13.7M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Cost of Revenue | $3.6M | $5.1M | $7.0M | $11.9M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Gross Profit | $4.7M | $7.1M | $7.5M | $1.9M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Research & Development | $6.2M | $6.2M | $9.2M | $14.4M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| SG&A Expenses | $5.7M | $5.8M | $0.00 | $0.00 | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Operating Expenses | $11.9M | $12.1M | $20.0M | $22.5M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| EBITDA | -$6.7M | -$4.5M | -$6.5M | -$17.2M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Operating Income | -$7.2M | -$5.0M | -$12.4M | -$20.6M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Interest Expense | $0.00 | $1K | $10K | $21K | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Income Before Tax | -$7.2M | -$4.8M | -$10.7M | -$16.8M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Income Tax Expense | $0.00 | $0.00 | $0.00 | $0.00 | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Net Income | -$7.2M | -$4.8M | -$10.7M | -$16.8M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Basic EPS | $-0.68 | $-0.67 | $-3.57 | $-26.00 | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Basic Shares | 13.88M | 7.06M | 3.00M | 646K | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Diluted Shares | 13.88M | 7.06M | 3.00M | 646K | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
Earnings Summary
Revenue
$1.3M
Estimate unavailable.
Revenue Beat/Miss
Not available (no estimate stored)
EPS
-$0.16
Estimate unavailable.
EPS Beat/Miss
Not available (no estimate stored)
Debt Change
-44.6%
Cash Change
+88.6%
Margin Change
-87.5 pp
Debt and cash show percentage changes versus the comparison period; margin shows the change in percentage points (pp). These are company-wide changes, not per-share amounts.
Financial Changes Since Prior Period
What Improved
- Cash position grew
- Debt reduced
What Weakened
- Margins contracted
Potential Score Impact
Positive indicators included cash levels, debt levels. Pressure indicators included revenue growth, EPS growth, net income margin. These factors may support or pressure the Revenue, Management, Financial, and Debt categories; this summary does not claim that the stored scores changed.
Stored Earnings Analysis
Revenue declined 41.1%. EPS declined 48.4%. Cash increased 88.6%. Total debt declined 44.6%. Net income margin declined by 87.5 percentage points.
Earnings-Call Transcript
Earnings-call transcript analysis is not currently available.
These results may influence future scores when the next evaluation is completed.
Insider Activity
Guru / Smart Money
Guru Score
Smart Money
Number of Gurus
Total Guru Value
Avg Portfolio Weight
Largest Holder
Largest Holder %
New Positions
Increased Positions
Reduced Positions
Exited Positions
Net Guru Sentiment
Short Interest
Dividend History
Dividend data is not available yet. Missing data does not mean this company pays no dividend.
Conservative Projected Values
3 Years
$———.——
5 Years
$———.——
10 Years
$———.——
Conservative Projection Rate
——%
Conservative Projected Values — price projections derived from actual 10-year adjusted historical returns, conservatively adjusted and capped at 8% annually. These are distinct from the Outperformance Model Score and WallStreetScore.
Conservative Projected Values
Premium unlocks the 3-year, 5-year, and 10-year conservative projected values with full calculation breakdowns based on actual historical returns.
Start 7-Day Free TrialHistorical Outperformance Record
Premium includes stored forecasts and any available evaluated results. Completed results, win rates and calibrated probabilities are shown only when supported records exist; access does not create historical outcomes.
Start 7-Day Free TrialHistorical Trends
4 historical recordsHistorical Score Chart
3 of 4 records shownWall Street Score
Debt Score
Revenue Score
Asset Score
Capital Score
Management Score
Moat Score
Valuation Score
Buffett Score
Intrinsic Value
Value Reference
Margin of Safety %
Related Companies
SemiconductorsNews
Peraso Announces $10 Million Strategic Investment from NantCapital to Accelerate Development and Commercialization of Advanced Drone Communications
Peraso Demonstrates 60 GHz Wireless Connectivity for Humanoid Robots
Peraso Receives Production Order Exceeding $2.0 Million for 60 GHz Fixed Wireless Access Deployment
Peraso to Present at Planet MicroCap Toronto 2026 Conference
Rumor Mill · PRSO
Corporate developments & opportunities
No reviewed developments match this filter.
Evidence credibility is not a forecast of stock performance. Rumor Mill is separate from the WSS score.
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