Peraso Inc. (NASDAQ: PRSO), a leader in mmWave wireless technology solutions, announced its financial results for the fourth quarter and full year ended December 31, 2025. The company reported total net revenue of $2.9 million for Q4 2025, a decrease from $3.7 million in the same quarter last year. However, product revenue for mmWave solutions increased six-fold year-over-year, reflecting strong demand in the market. CEO Ron Glibbery highlighted the company's strategic focus on expanding its customer base and securing design wins, particularly in the fixed wireless and tactical communications sectors. The company also noted a GAAP gross margin of 52.2% for Q4 2025, down from 56.3% in the prior year, primarily due to reduced shipments of memory IC products. Despite the challenges, Peraso's operational execution and disciplined expense management contributed to a notable improvement in year-over-year bottom-line results. The company recorded a GAAP net loss of $1.2 million, or ($0.13) per share, compared to a net loss of $1.6 million, or ($0.37) per share, in Q4 2024. For the full year, total net revenue was $12.2 million, down from $14.6 million in 2024, with a GAAP net loss of $4.8 million, or ($0.67) per share. The company continues to focus on its strategic outlook for 2026, emphasizing the growing market awareness of its mmWave technology and its potential to deliver high-bandwidth connectivity in congested environments.

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