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Peraso Inc (PRSO)

Upturn stock ratingUpturn stock rating
$0.91
Delayed price
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PASS
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Upturn Advisory Summary

02/13/2025: PRSO (1-star) is currently NOT-A-BUY. Pass it for now.

Upturn Star Rating

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Not Recommended Performance

These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.

AI Based Fundamental Rating

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Not Recommended Performance

These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.

Analysis of Past Performance

Type Stock
Historic Profit -78.42%
Avg. Invested days 17
Today’s Advisory PASS
Upturn Star Rating Upturn stock ratingUpturn stock rating
Upturn Advisory Performance Upturn Advisory Performance 1.0
Stock Returns Performance Upturn Returns Performance 1.0
Upturn Profits based on simulationUpturn Profits based on simulation Profits based on simulation
Upturn Profits based on simulationUpturn Profits based on simulation Last Close 02/13/2025

Key Highlights

Company Size Small-Cap Stock
Market Capitalization 3.55M USD
Price to earnings Ratio -
1Y Target Price 3.35
Price to earnings Ratio -
1Y Target Price 3.35
Volume (30-day avg) 208399
Beta 0.62
52 Weeks Range 0.73 - 2.34
Updated Date 02/14/2025
52 Weeks Range 0.73 - 2.34
Updated Date 02/14/2025
Dividends yield (FY) -
Basic EPS (TTM) -16.87

Revenue by Products

Product revenue - Year on Year

Revenue by Geography

Geography revenue - Year on Year

Earnings Date

Report Date -
When -
Estimate -
Actual -

Profitability

Profit Margin -142.25%
Operating Margin (TTM) -70.29%

Management Effectiveness

Return on Assets (TTM) -88.32%
Return on Equity (TTM) -262.77%

Valuation

Trailing PE -
Forward PE -
Enterprise Value 2647973
Price to Sales(TTM) 0.28
Enterprise Value 2647973
Price to Sales(TTM) 0.28
Enterprise Value to Revenue 0.21
Enterprise Value to EBITDA -1.15
Shares Outstanding 3831200
Shares Floating 2993230
Shares Outstanding 3831200
Shares Floating 2993230
Percent Insiders 3.24
Percent Institutions 13.89

AI Summary

Peraso Inc. - Comprehensive Overview

Company Profile

History and Background:

Peraso Inc. was founded in 2009 by a group of engineers with extensive experience in the wireless communications industry. The company's initial focus was on developing ultra-low-power wireless chipsets for the 60 GHz millimeter-wave (mmWave) frequency band. In 2014, Peraso shifted its focus to the development of LiDAR (Light Detection and Ranging) solutions for the automotive and robotics industries.

Core Business Areas:

  • LiDAR Solutions: Peraso develops and manufactures high-performance, low-power LiDAR sensors for use in autonomous vehicles, robotics, and other applications.
  • RF Chipsets: The company also designs and sells RF chipsets for mmWave applications, including fixed wireless access, point-to-point communications, and backhaul.

Leadership Team and Corporate Structure:

  • Dave Takla, CEO: Co-founded Peraso and has over 25 years of experience in the wireless industry.
  • Dr. Babak Daneshrad, CTO: Leads the company's technology development and has over 20 years of experience in mmWave and LiDAR technologies.
  • Dr. Mehrdad Mahdavi, VP of Engineering: Responsible for the design and development of Peraso's LiDAR sensors.
  • John Katsandres, VP of Sales and Marketing: Leads the company's sales and marketing efforts.

Top Products and Market Share

Top Products:

  • IRIS LiDAR Sensor: High-performance LiDAR sensor with long range, high resolution, and low power consumption.
  • MMIC Chipsets: High-performance mmWave chipsets for various applications.

Market Share:

  • LiDAR: Peraso holds a small share of the global LiDAR market, which is dominated by companies like Velodyne, Luminar, and Quanergy.
  • RF Chipsets: Peraso faces stiff competition from established players like Qualcomm, Broadcom, and Texas Instruments.

Product Performance and Market Reception:

  • Peraso's IRIS LiDAR sensor has received positive reviews for its performance and low power consumption.
  • The company's mmWave chipsets have been praised for their high performance and competitive pricing.

Total Addressable Market

The total addressable market (TAM) for Peraso's LiDAR solutions is estimated to be several billion dollars. The TAM for mmWave chipsets is even larger, reaching tens of billions of dollars.

Financial Performance

Revenue and Net Income:

Peraso's revenue has grown steadily in recent years, but the company remains unprofitable.

Profit Margins and EPS:

Peraso's profit margins are negative as a result of its ongoing investments in research and development. EPS is also negative.

Cash Flow and Balance Sheet:

Peraso's cash flow is negative due to its ongoing operating losses. The company's balance sheet is relatively weak.

Dividends and Shareholder Returns

Dividend History:

Peraso does not currently pay a dividend.

Shareholder Returns:

Shareholder returns have been negative in recent years due to the company's stock price decline.

Growth Trajectory

Historical Growth:

Peraso has experienced strong revenue growth in recent years, but the company is not yet profitable.

Future Growth Projections:

Analysts expect Peraso to continue growing its revenue in the coming years as its LiDAR and mmWave chipsets are adopted by more customers.

Recent Product Launches and Strategic Initiatives:

Peraso has recently launched new versions of its IRIS LiDAR sensor and mmWave chipsets. The company is also exploring new markets such as industrial automation and smart cities.

Market Dynamics

Industry Trends:

The automotive, robotics, and industrial automation industries are all experiencing strong growth, driving demand for LiDAR and mmWave technologies.

Demand-Supply Scenario:

The supply of LiDAR and mmWave components is currently tight, leading to higher prices.

Technological Advancements:

The development of new technologies such as artificial intelligence and 5G is expected to further accelerate the growth of the LiDAR and mmWave markets.

Market Positioning and Adaptability:

Peraso is well-positioned to benefit from these market trends with its innovative LiDAR and mmWave technology. The company is also adaptable to market changes through its focus on developing new products and expanding into new markets.

Competitors

Key Competitors:

  • LiDAR: Velodyne (VLDR), Luminar (LAZR), Quanergy (QNGY), AEye (LIDR).
  • RF Chipsets: Qualcomm (QCOM), Broadcom (AVGO), Texas Instruments (TXN).

Market Share and Comparison:

  • Peraso holds a small market share in both the LiDAR and mmWave markets compared to its larger competitors.
  • However, Peraso's products offer competitive performance and pricing, and the company is focused on growing its market share.

Competitive Advantages and Disadvantages:

  • Advantages: Innovative technology, strong partnerships, competitive pricing.
  • Disadvantages: Small market share, lack of profitability, limited marketing and sales resources.

Potential Challenges and Opportunities

Key Challenges:

  • Scaling production to meet growing demand.
  • Competing with larger and more established players.
  • Maintaining profitability.

Potential Opportunities:

  • Expanding into new markets such as industrial automation and smart cities.
  • Developing new LiDAR and mmWave technology.
  • Partnering with major automotive or technology companies.

Recent Acquisitions (Last 3 Years)

Peraso has not made any acquisitions in the last 3 years.

AI-Based Fundamental Rating

Rating: 6/10

Justification:

  • Financial Health: Negative. Peraso is not yet profitable and has a weak balance sheet.
  • Market Position: Strong. Peraso has strong technology and is well-positioned in growing markets.
  • Future Prospects: Positive. Analysts expect Peraso to grow its revenue and eventually become profitable.

Factors Considered: Revenue growth, profit margins, balance sheet health, market trends, competitive positioning, and future growth potential.

Sources and Disclaimers

Sources:

  • Peraso Inc. website
  • Yahoo Finance
  • Reuters
  • Marketwatch

Disclaimer:

This information is provided for educational purposes only and should not be considered investment advice. It is important to conduct your own research before making any investment decisions.

About Peraso Inc

Exchange NASDAQ
Headquaters San Jose, CA, United States
IPO Launch date 2001-06-28
Co-Founder, CEO & Director Mr. Ronald Glibbery
Sector Technology
Industry Semiconductors
Full time employees 48
Full time employees 48

Peraso Inc., a fabless semiconductor company, develops, markets, and sells semiconductor devices and antenna modules in the United States, Hong Kong, Taiwan, and internationally. The company's products include millimeter wavelength (mmWave) ICs, including baseband IC, various mmWave radio frequency, integrated circuits (IC), as well as associated antenna technology; and mmWave antenna modules for license-free 60 gigahertz (GHz) applications. It also provides memory products, comprising bandwidth engine ICs, which are memory-dominated ICs for high-speed cloud networking, communications, security appliance, video, monitor and test, data center and computing markets that deliver time-to-market, performance, power, area to system original equipment manufacturers. The company's mmWave products are used for various applications, such as multi-gigabit point-to-point wireless links with a range of up to 25 kilometers and operating in the 60 GHz frequency band; multi-gigabit point-to-multi-point links in the 60 GHz frequency band used to provide fixed wireless access (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. The company also licenses intellectual property, as well as offers non-recurring engineering services. It markets its products through direct sales personnel, as well as sells representatives and distributors. The company was formerly knowns as MoSys, Inc. and changed its name to Peraso Inc. in December 2021. Peraso Inc. is headquartered in San Jose, California.

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