)
Overview
<ul>
<li>U.S. mmWave wireless tech firm’s Q4 revenue fell year-over-year</li>
<li>Quarterly net loss narrowed from prior year as operating expenses declined</li>
<li>Full-year mmWave product revenue grew six-fold over 2024, offsetting lower memory IC shipments</li>
</ul>
Outlook
<ul>
<li>Company says it is encouraged by growing market awareness of 60 GHz wireless technology</li>
<li>Peraso plans to broaden its customer base and pipeline of design wins in 2026</li>
</ul>
Result Drivers
<ul>
<li>MMWAVE PRODUCT GROWTH - Co said full-year mmWave product revenue grew six-fold over 2024, supported by increased shipments</li>
<li>LOWER MEMORY IC SHIPMENTS - Co attributed Q4 year-over-year revenue decline primarily to lower shipments of memory IC products</li>
<li>OPERATING EXPENSE REDUCTION - Co said lower operating expenses in Q4 were mainly due to reduced stock-based compensation and end of intangible asset amortization Company press release:</li>
</ul>
Key Details
Metric Beat/Mis Actual Consensu
s s
Estimate
Q4 Miss $2.9 mln $2.96
Revenue mln (2
Analysts
)
Q4 Beat $1.20 -$1.48
Adjusted mln mln (2
Net Analysts
Income )
Q4 Net -$1.20
Income mln
Q4 Beat -$1.10 -$1.40
Adjusted mln mln (2
EBITDA Analysts
)
Q4 Gross 52.20%
Margin
Analyst Coverage
<ul>
<li>The current average analyst rating on the shares is “buy” and the breakdown of recommendations is 3 “strong buy” or “buy”, no “hold” and no “sell” or “strong sell”</li>
<li>The average consensus recommendation for the semiconductors peer group is “buy”</li>
<li>Wall Street’s median 12-month price target for Peraso Inc is $2.73, about 82.9% above its March 13 closing price of $1.49 For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact . (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)</li>
</ul>

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Peraso Q4 revenue falls on low shipments for memory products