Peraso AI Stock Analysis
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Peraso (PRSO) AI Stock Analysis
Peraso
(NASDAQ:PRSO)
PRSO scores low primarily due to weak financial performance (shrinking revenue, very large operating losses, and significant ongoing cash burn). Technicals also weigh on the score with the stock trading below all key moving averages and negative MACD. Offsetting factors include strong gross margins and a more constructive recent narrative from the earnings call (sequential improvement and defense/UAV product traction), supported by a new $10M strategic private placement that improves near-term liquidity—though dilution and visibility risks remain.
Peraso (PRSO) vs. SPDR S&P 500 ETF (SPY)
- Market Cap
- $5.77M
- Dividend Yield
- ―
- Average Volume (3M)
- 4.30M
- Price to Earnings (P/E)
- -0.6
- Beta (1Y)
- 1.13
- Revenue Growth
- -38.47%
- EPS Growth
- 61.35%
- Country
- US
- Employees
- 42
- Sector
- Technology
- Sector Strength
- 61
- Industry
- Semiconductors
Peraso Business Overview & Revenue Model
Company Description
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 an...
Peraso Earnings Call Summary
The call presented a mixed picture: near‑term financials show sequential improvement (revenue up ~36% q/q, higher gross margins, reduced sequential loss) and meaningful strategic progress (new PRM2145 module, >50 Gbps demo, defense revenue and partnerships, manufacturing scalability, and a $25M committed equity facility). However, these positives are tempered by a significant year‑over‑year revenue decline (~‑40.9% YoY), ongoing net losses and negative adjusted EBITDA, irregular order patterns from fixed wireless customers, and supply constraints (memory shortages) that limit near‑term visibility and warranted the decision to not provide guidance. Overall the company has encouraging strategic momentum and improved sequential execution, but material financial and demand uncertainties remain.
Q2-2026 Updates
Positive Updates
Negative Updates
Company Guidance
Peraso said it will not provide quarterly guidance due to insufficient visibility from irregular order patterns, but offered directional metrics and near‑term expectations: Q2 revenue was $1.3M (up ≈36% sequential), product revenue $1.2M, gross margin 63.7% (vs 61.5% prior quarter), GAAP operating expenses $3.1M (non‑GAAP OpEx ~$2.9M run‑rate), GAAP net loss $2.2M (‑$0.16/share) and non‑GAAP net loss $2.1M (‑$0.15/share) with adjusted EBITDA of ‑$2.0M; cash was ~$3.3M at June 30 (vs $2.7M at March 31; net cash increase ~$0.6M driven by ~$2.4M ATM proceeds), weighted average shares ~14.1M, total shares outstanding ~15.1M, and manufacturing capacity of ~30k–50k units/month (scalable toward 100k/month). Looking ahead, management expects supply dislocations and elevated memory prices to likely extend into Q4, believes PRM2145 modules will be available for customer evaluation in Q4, anticipates some ground‑based defense shipments potentially late this year with drone shipments ramping in Q1–Q2 next year, and has a committed ROTH equity facility for up to $25M to support growth.
Peraso Financial Statement Overview
Summary
Overall fundamentals are weak: TTM revenue declined to $8.4M (~-9.8%) and profitability is deeply negative (EBIT margin ~-83%, net margin ~-86%). Cash flow is a major risk with TTM operating cash flow of about -$6.5M and free cash flow of about -$6.9M, indicating ongoing financing dependence. The main offset is a relatively clean balance sheet with minimal debt (~$0.13M vs. ~$4.9M equity; debt-to-equity ~0.03), but returns remain very weak (ROE around -1.61).
Income Statement
22NegativeBalance Sheet
58NeutralCash Flow
18Very Negative| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 8.37M | 12.19M | 14.57M | 13.75M | 14.87M | 5.68M |
| Gross Profit | 4.74M | 7.07M | 7.53M | 1.87M | 5.95M | 2.41M |
| EBITDA | -6.74M | -4.49M | -6.46M | -17.22M | -21.87M | -6.56M |
| Net Income | -7.17M | -4.75M | -10.73M | -16.80M | -32.40M | -10.91M |
Balance Sheet | ||||||
| Total Assets | 6.79M | 6.08M | 7.21M | 10.71M | 22.49M | 47.95M |
| Cash, Cash Equivalents and Short-Term Investments | 3.32M | 2.89M | 3.34M | 1.58M | 2.91M | 15.16M |
| Total Debt | 128.00K | 192.00K | 321.00K | 719.00K | 1.49M | 667.00K |
| Total Liabilities | 1.86M | 1.44M | 3.74M | 6.63M | 7.23M | 5.88M |
| Stockholders Equity | 4.92M | 4.64M | 3.47M | 4.08M | 15.26M | 42.07M |
Cash Flow | ||||||
| Free Cash Flow | -6.87M | -5.72M | -4.58M | -4.78M | -17.03M | -12.25M |
| Operating Cash Flow | -6.53M | -5.61M | -4.58M | -4.69M | -16.02M | -12.02M |
| Investing Cash Flow | -342.00K | -107.00K | 0 | 1.01M | 10.04M | 6.63M |
| Financing Cash Flow | 8.43M | 5.26M | 6.34M | 3.44M | 1.92M | 9.57M |
Peraso Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For PRSO, the sentiment is Negative. The current price of 0.38 is below the 20-day moving average (MA) of 0.40, below the 50-day MA of 0.45, and below the 200-day MA of 0.80, indicating a bearish trend. The MACD of -0.03 indicates Positive momentum. The RSI at 45.99 is Neutral, neither overbought nor oversold. The STOCH value of 31.32 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for PRSO.
Peraso Risk Analysis
Peraso disclosed 44 risk factors in its most recent earnings report. Peraso reported the most risks in the "Finance & Corporate" category.
Latest Risks Added
3 New RisksPeraso Peers Comparison
Overall Rating
MRAM52Neutral
PXLW52Neutral
LEDS49Neutral
SQNS48Neutral
VLN44Neutral- PRSO43Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| Sector * | 61Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% |
| MRAM | 52Neutral | $310.35M | -33.57 | -14.09% | ― | 28.74% | -1527.71% |
| PXLW | 52Neutral | $44.10M | 0.59 | 434.73% | ― | ― | ― |
| LEDS | 49Neutral | $19.69M | -17.46 | -43.09% | ― | -16.64% | -79.86% |
| SQNS | 48Neutral | $38.14M | -0.22 | -216.12% | ― | -6.10% | ― |
| VLN | 44Neutral | $175.41M | -4.58 | -31.56% | ― | 12.36% | -0.38% |
| PRSO | 43Neutral | $5.29M | -0.56 | -161.43% | ― | -38.47% | 61.35% |
* Technology Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| PRSO | Peraso, Inc. | 0.38 | -0.47 | -55.06% | |
| PXLW | Pixelworks | 6.41 | 0.23 | 3.72% | |
| LEDS | SemiLEDs Corporation | 2.27 | -0.18 | -7.35% | |
| SQNS | Sequans Communications S | 2.44 | -3.98 | -61.99% | |
| MRAM | Everspin Technologies Inc | 13.45 | 4.95 | 58.24% | |
| VLN | Valens | 1.43 | -0.29 | -16.86% |
Peraso Corporate Events
Peraso Completes $10 Million Private Placement with Nant Capital
NeutralOn October 28, 2026, Peraso completed a private placement with Nant Capital, LLC, issuing 3,271,355 common shares, pre-funded warrants for up to 16,593,563 shares and common warrants for up to 19,864,918 shares. The financing generated approximately...
Peraso Announces Strategic Private Placement with Nant Capital
PositiveOn October 26, 2026, Peraso entered a definitive securities purchase agreement for a $10 million strategic private placement from Nant Capital, structured as common shares, pre‑funded warrants and two‑year common warrants at prices tied to Peraso’s O...
Peraso CFO Resignation and Interim Leadership Transition
NeutralOn September 8, 2026, Peraso announced that Chief Financial Officer and Secretary James Sullivan had tendered his resignation from the company and its subsidiaries, effective October 2, 2026, citing personal reasons and no disagreements over operatio...
Peraso Board Approves Modest Executive Leadership Pay Increases
PositiveOn August 21, 2026, Peraso Inc.’s compensation committee approved a five percent increase in annual base salary for its executive officers, retroactive to July 1, 2026, raising CEO Ronald Glibbery’s pay to $420,000, CFO James Sullivan’s to $320,250 a...
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.
Date of analysis: Oct 27, 2026