Peraso reported second quarter 2026 revenue of $1.3 million, up approximately 36% sequentially and above its previous expectations, driven by fulfillment of a previously delayed order to a new fixed wireless access customer. Gross margin was 63.7%, up from 61.5% in the prior quarter and 48.3% a year ago, while GAAP net loss narrowed to $2.2 million, or $0.16 per share, from $2.5 million, or $0.22 per share, in the first quarter. The company ended the quarter with $3.3 million in cash, boosted by $2.4 million in net proceeds from its at-the-market offering program, and announced a committed equity facility with ROTH Principal Investments allowing it to sell up to $25 million of common stock. CEO Ron Glibbery highlighted growing traction in defense and drone applications, including the new PRM2145 jam-resistant communications module expected to be available for customer evaluation in the fourth quarter, and said the company is seeing reorders from fixed wireless customers with a turnaround expected in the fourth quarter. Peraso did not provide quarterly guidance due to limited visibility from irregular order patterns.
Peraso IncQ2 revenue beat expectations, gross margin improved, net loss narrowed, and cash position strengthened via ATM and equity facility.
CTO Realty Growth Inc