Peraso Enters $25 Million Equity Facility with RPI
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 5 days ago
0mins
Peraso has entered into a committed equity facility with Roth Principal Investments, or RPI, an affiliate of CR Financial, the holding company for Roth Capital Partners. The CEF allows, but does not obligate, Peraso to issue and sell up to $25 million of its shares of common stock to RPI, at the company's discretion and subject to certain conditions set forth in the CEF agreement, following the filing and effectiveness of a registration statement registering the resale of such shares. Peraso intends to use any net proceeds for working capital and general corporate purposes, including continued product development and expansion in the drone, defense and tactical communications markets. The company is under no obligation to utilize the full amount available under the facility. The company may not be able to sell the full $25M of shares available under the facility due to limitations, including the number of shares registered for resale and applicable Nasdaq rules.
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Analyst Views on PRSO
Wall Street analysts forecast PRSO stock price to rise
1 Analyst Rating
1 Buy
0 Hold
0 Sell
Moderate Buy
Current: 0.800
Low
3.00
Averages
3.00
High
3.00
Current: 0.800
Low
3.00
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3.00
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3.00
No data
About PRSO
Peraso Inc. is a semiconductor company focused on the development and sale of millimeter wavelength wireless technology, or mmWave, semiconductor devices and antenna modules based on its proprietary semiconductor devices and performance of non-recurring engineering, or NRE, services and licensing of intellectual property, or IP. Its mmWave products primarily operate in the spectrum from 24 GHz to 71 GHz, enable a range of applications including: multi-gigabit point-to-point, or PtP, wireless links with a range of up to 25 kilometers and operating in the 60 GHz frequency band; multi-gigabit point-to-multi-point, or PtMP, links in the 60 GHz frequency band used to provide fixed wireless access, or FWA, services; FWA in the 5G operating bands from 24 GHz to 43 GHz to provide multi-gigabit capability and low latency connections; military communications; and consumer applications, such as high performance wireless video streaming and untethered augmented reality and virtual reality.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Peraso Secures $25M Committed Equity Facility with Roth
- Equity Facility Agreement: Peraso has entered into a committed equity facility with Roth Principal Investments for up to $25 million, allowing the company to sell common shares to RPI at its discretion, thereby enhancing financial flexibility to adapt to market changes.
- Clear Use of Proceeds: The proceeds from this financing will support working capital, general corporate purposes, product development, and expansion in the drone, defense, and tactical communications markets, indicating Peraso's focus on future growth areas.
- Revenue Guidance Update: Peraso expects Q2 2026 revenue of approximately $1.2 million, reflecting the company's proactive adjustments to its supply chain following a shipment delay in Q1, aiming to ensure a stable revenue stream going forward.
- Market Diversification Strategy: While actively diversifying suppliers, the company aims to reduce reliance on a single supply chain, thereby enhancing its resilience and adaptability in a competitive market landscape.
See More
Peraso Inc. Q1 2026 Earnings Call Insights
- Revenue Decline: Total net revenue for Q1 2026 was $1 million, a 74.4% decrease from $3.9 million in Q1 2025, primarily due to shipment delays of a sizable order, negatively impacting cash flow and market confidence.
- Margin Improvement: The gross margin for Q1 2026 was 61.5%, up from 52.2% in the prior quarter, driven by an increased contribution from nonrecurring engineering products, indicating positive progress in cost control and product mix optimization.
- Supply Chain Resolution: CEO Ronald Glibbery stated that the supply chain issues have been fully resolved, and measures have been implemented to reduce reliance on any single supplier, which will enhance future order stability and production capacity, strengthening the company's competitive position.
- Cautious Future Outlook: The company expects total net revenue for Q2 2026 to be approximately $1.2 million, and despite challenges from rising memory device prices and availability, management remains cautious about future demand visibility, emphasizing the impact of market dynamics on order patterns.
See More
Peraso Inc Reports 2025 Financial Results with Mixed Signals
- Revenue Decline: Fourth quarter revenue for 2025 was $2.9 million, down from $3.7 million in the same quarter of 2024, indicating vulnerability in the company's market demand and potentially affecting investor confidence moving forward.
- mmWave Product Surge: The revenue from mmWave products reached $9.1 million in 2025, a sixfold increase from $1.3 million in 2024, demonstrating significant customer wins in the Fixed Wireless Access market, thereby enhancing the company's competitive position.
- Cost Control Success: GAAP operating expenses were reduced to $11.8 million in 2025 from $20 million in 2024, showcasing effective cost management that contributes to improving overall financial health and operational efficiency.
- Uncertain Future Outlook: Although the GAAP net loss for 2025 was $4.8 million, an improvement from $10.7 million in 2024, low visibility into future demand due to irregular order patterns may hinder the company's long-term strategic planning.
See More
Peraso Inc. Q4 2025 Earnings Call Insights
- Revenue Growth and Challenges: Peraso reported total net revenue of $2.9 million in Q4 2025, down from $3.2 million in Q3, primarily due to supply chain delays that are expected to reduce Q1 revenue to approximately $1.2 million, impacting anticipated revenue by over $0.5 million, indicating short-term financial pressure.
- mmWave Product Performance: Revenue from mmWave products was $2.4 million in Q4, a decrease from $3 million in Q3, yet a significant increase from $0.2 million in Q4 2024, demonstrating strong market demand in this segment despite recent softness.
- Market Expansion and Partnerships: The company's expansion into tactical communications is seen as a significant step forward, particularly with the contract with InTACT for next-gen drone identification systems, highlighting Peraso's potential in the defense sector.
- Strategic Investments and Outlook: Management is exploring potential strategic alternatives, including mergers or asset sales, while emphasizing customer-funded R&D to support future growth, despite facing short-term supply chain challenges.
See More
Peraso (PRSO) Q4 2025 Earnings Call Transcript
See More
Peraso Reports Q4 Earnings Results
- Earnings Performance: Peraso reported a Q4 Non-GAAP EPS of -$0.13, exceeding market expectations by $19.87, indicating an unexpected improvement in profitability despite overall financial weakness.
- Revenue Decline: The company's Q4 revenue stood at $2.9 million, reflecting a 20.5% year-over-year decline and missing market expectations by $0.31 million, highlighting challenges from weakened market demand and increased competition.
- Financial Data Analysis: According to Seeking Alpha's Quant Rating, Peraso's financial condition shows volatility, prompting investors to monitor its future profitability and market strategies to navigate the current environment.
- Historical Performance Review: Historical earnings data for Peraso indicates that despite facing challenges, the company achieved profitability in certain quarters, necessitating a focus on innovation and market expansion to regain growth momentum.
See More
Peraso Secures $25M Committed Equity Facility with Roth
- Equity Facility Agreement: Peraso has entered into a committed equity facility with Roth Principal Investments for up to $25 million, allowing the company to sell common shares to RPI at its discretion, thereby enhancing financial flexibility to adapt to market changes.
- Clear Use of Proceeds: The proceeds from this financing will support working capital, general corporate purposes, product development, and expansion in the drone, defense, and tactical communications markets, indicating Peraso's focus on future growth areas.
- Revenue Guidance Update: Peraso expects Q2 2026 revenue of approximately $1.2 million, reflecting the company's proactive adjustments to its supply chain following a shipment delay in Q1, aiming to ensure a stable revenue stream going forward.
- Market Diversification Strategy: While actively diversifying suppliers, the company aims to reduce reliance on a single supply chain, thereby enhancing its resilience and adaptability in a competitive market landscape.
See More
Peraso Inc. Q1 2026 Earnings Call Insights
- Revenue Decline: Total net revenue for Q1 2026 was $1 million, a 74.4% decrease from $3.9 million in Q1 2025, primarily due to shipment delays of a sizable order, negatively impacting cash flow and market confidence.
- Margin Improvement: The gross margin for Q1 2026 was 61.5%, up from 52.2% in the prior quarter, driven by an increased contribution from nonrecurring engineering products, indicating positive progress in cost control and product mix optimization.
- Supply Chain Resolution: CEO Ronald Glibbery stated that the supply chain issues have been fully resolved, and measures have been implemented to reduce reliance on any single supplier, which will enhance future order stability and production capacity, strengthening the company's competitive position.
- Cautious Future Outlook: The company expects total net revenue for Q2 2026 to be approximately $1.2 million, and despite challenges from rising memory device prices and availability, management remains cautious about future demand visibility, emphasizing the impact of market dynamics on order patterns.
See More
Peraso Inc Reports 2025 Financial Results with Mixed Signals
- Revenue Decline: Fourth quarter revenue for 2025 was $2.9 million, down from $3.7 million in the same quarter of 2024, indicating vulnerability in the company's market demand and potentially affecting investor confidence moving forward.
- mmWave Product Surge: The revenue from mmWave products reached $9.1 million in 2025, a sixfold increase from $1.3 million in 2024, demonstrating significant customer wins in the Fixed Wireless Access market, thereby enhancing the company's competitive position.
- Cost Control Success: GAAP operating expenses were reduced to $11.8 million in 2025 from $20 million in 2024, showcasing effective cost management that contributes to improving overall financial health and operational efficiency.
- Uncertain Future Outlook: Although the GAAP net loss for 2025 was $4.8 million, an improvement from $10.7 million in 2024, low visibility into future demand due to irregular order patterns may hinder the company's long-term strategic planning.
See More
Peraso Inc. Q4 2025 Earnings Call Insights
- Revenue Growth and Challenges: Peraso reported total net revenue of $2.9 million in Q4 2025, down from $3.2 million in Q3, primarily due to supply chain delays that are expected to reduce Q1 revenue to approximately $1.2 million, impacting anticipated revenue by over $0.5 million, indicating short-term financial pressure.
- mmWave Product Performance: Revenue from mmWave products was $2.4 million in Q4, a decrease from $3 million in Q3, yet a significant increase from $0.2 million in Q4 2024, demonstrating strong market demand in this segment despite recent softness.
- Market Expansion and Partnerships: The company's expansion into tactical communications is seen as a significant step forward, particularly with the contract with InTACT for next-gen drone identification systems, highlighting Peraso's potential in the defense sector.
- Strategic Investments and Outlook: Management is exploring potential strategic alternatives, including mergers or asset sales, while emphasizing customer-funded R&D to support future growth, despite facing short-term supply chain challenges.
See More
Peraso (PRSO) Q4 2025 Earnings Call Transcript
See More
Peraso Reports Q4 Earnings Results
- Earnings Performance: Peraso reported a Q4 Non-GAAP EPS of -$0.13, exceeding market expectations by $19.87, indicating an unexpected improvement in profitability despite overall financial weakness.
- Revenue Decline: The company's Q4 revenue stood at $2.9 million, reflecting a 20.5% year-over-year decline and missing market expectations by $0.31 million, highlighting challenges from weakened market demand and increased competition.
- Financial Data Analysis: According to Seeking Alpha's Quant Rating, Peraso's financial condition shows volatility, prompting investors to monitor its future profitability and market strategies to navigate the current environment.
- Historical Performance Review: Historical earnings data for Peraso indicates that despite facing challenges, the company achieved profitability in certain quarters, necessitating a focus on innovation and market expansion to regain growth momentum.
See More
