Peraso (PRSO) Corporate presentation summary

Market positioning and technology leadership

• Recognized as a pioneer in high-performance 60 GHz unlicensed and 5G mmWave wireless technology, with over 2 million mmWave devices sold globally and 60 issued or pending patents, including key IEEE 802.11ay claims.

• Solutions target diverse markets: fixed wireless access (FWA), tactical communications, transportation, and advanced video delivery.

• mmWave technology operates in the 24–71 GHz spectrum, offering high data rates, low latency, and congestion relief compared to sub-6 GHz frequencies.

• Vertical integration enables competitive cost structure and reduced time-to-market for mmWave solutions.

Market opportunity and applications

• Global mmWave chipset market projected at $5B in 2025, with 25% CAGR through 2033; military & defense mmWave market expected to grow at 41.8% CAGR from 2023 to 2030.

• FWA solutions serve both rural (notably with Ubiquiti since 2019) and dense urban markets, with new deployments in cities like Los Angeles and regions in South Africa and Kenya.

• Tactical communications benefit from stealthy, anti-jamming mmWave protocols, with recent selection for drone IFF systems.

• Adjacent markets include Edge AI, last-mile delivery, autonomous vehicles, and professional video delivery, leveraging high data rates and low latency.

Financial performance and outlook

• FY2025 revenue was $12.2M, down from $14.6M in FY2024 due to end-of-life memory IC products; Q4 2025 revenue was $2.9M.

• Gross margin declined to 58.0% in FY2025 from 67.2% in FY2024; Q4 2025 gross margin was 52.2%.

• Non-GAAP operating loss for FY2025 was $4.3M, with cash burn continuing but medium-term targets aim for positive cash flow.

• Cash at year-end 2025 was $2.9M, with total assets of $6.1M and stockholders’ equity of $4.6M.