Peraso (PRSO) Corporate presentation summary

Market opportunity and technology leadership

• Positioned as a global leader in 60 GHz mmWave wireless technology, with over 2 million devices sold and 60 issued or pending patents, including essential claims for IEEE 802.11ay.

• Addressing a multi-billion dollar market, with the mmWave chipset market projected at $5B in 2025 and a 25% CAGR through 2033; military & defense mmWave market expected to grow at 42% CAGR.

• Solutions target fixed wireless access (FWA), tactical communications, transportation, and advanced video delivery, with expanding design wins across these sectors.

• Technology enables high-bandwidth, low-latency, and secure wireless communications, overcoming spectrum congestion and bandwidth limitations of traditional wireless.

Product portfolio and applications

• Offers a vertically integrated 60 GHz mmWave solution with phased array antenna modules, supporting rapid deployment and competitive cost structure.

• Product family includes multiple antenna arrays with varying gain and power profiles, optimized for FWA, point-to-multipoint, and point-to-point configurations.

• DUNE platform designed for dense urban environments, enabling multi-gigabit, low-latency access; commercial deployments underway in cities like Los Angeles and regions in Africa.

• Tactical communications solutions provide stealthy, anti-jamming links for military and drone IFF systems, with recent production shipments for defense applications.

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

Financial performance and outlook

• FY2025 revenue reached $12.2M with a gross margin of 58%; Q1 2026 revenue was $1.0M with a 61.5% gross margin.

• Operating loss for FY2025 was $4.3M (non-GAAP); Q1 2026 operating loss was $2.3M.

• Medium-term outlook targets 30%+ revenue growth and 50%+ gross margin, with a path to cash generation in the long term.

• Balance sheet as of Q1 2026 shows $2.7M in cash, $6.4M in total assets, and $4.6M in stockholders' equity.