Peraso Partners with Virewirx to Enhance VX60 Platform, Faces Financial Challenges with Distressed Altman Z-Score

Peraso (PRSO) has partnered with Virewirx to enhance wireless connectivity in robotaxi fleets. The company operates in the semiconductor industry, focusing on millimeter wavelength wireless technology. However, Peraso faces financial challenges, including significant negative margins and a distressed Altman Z-Score. The partnership with Virewirx could enhance its technological offerings, but investors should consider the high volatility and financial distress indicators when evaluating potential investments in Peraso.