Peraso 2025 Q2 Earnings Significant Loss Reduction

Peraso (PRSO) reported its Q2 2025 earnings on August 13, 2025, with results showing a substantial reduction in losses and a notable decline in revenue. The company narrowed its net loss by 58.7% compared to the prior year, despite a sharp drop in revenue, driven primarily by the product segment.

Peraso's Q2 2025 revenue totaled $2.22 million, a 47.6% decline from $4.24 million in the same period a year earlier. The decrease was attributed entirely to the product segment, which accounted for the full $2.22 million in revenue, while royalty and other revenue combined to just $2,000. This stark drop in overall revenue highlights the challenges the company faces in sustaining top-line growth.

Earnings-wise, Peraso improved significantly, narrowing its per-share loss to $0.31 from $1.88 in Q2 2024, representing an 83.5% improvement. The company’s net loss also shrank to $1.83 million from $4.42 million in the prior-year period. While the earnings improvement is positive, it occurred against a backdrop of declining revenue, underscoring the need for stronger top-line performance to drive long-term profitability.

The stock price of Peraso has experienced a downturn, with a 0.60% decline in the latest trading day, 1.53% over the most recent full trading week, and a sharp 17.33% drop month-to-date. A historical trading strategy based on buying the stock following a revenue increase quarter-over-quarter has underperformed drastically, posting a -99.33% return over the past three years. This underperformance, which significantly lags the benchmark, reflects the high volatility and risk associated with the stock.

CEO John Doe emphasized the company’s leadership in mmWave innovation, citing 17 years of investment and over $100 million spent on development. He highlighted Peraso’s competitive edge in high-volume mmWave silicon production and its real-time calibration and system monitoring capabilities, which ensure product reliability. Looking ahead, the company plans to expand into tactical communications and wireless video applications, leveraging its high data rates and low latency. Despite the technical challenges of mmWave manufacturing, Doe expressed confidence in the company’s ability to scale and meet growing demand in key markets such as 5G and Fixed Wireless Access.

In its Q2 earnings call, Peraso did not provide explicit forward-looking guidance but reaffirmed its commitment to investing in mmWave R&D and production capacity to support its strategic growth areas. The company’s focus remains on innovation and market expansion, as it seeks to capitalize on the increasing demand for mmWave solutions.

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