Peraso Inc. (PRSO): Lienzo del Modelo de Negocio [Actualizado en Ene-2025]

En el panorama en rápida evolución de la tecnología inalámbrica, Peraso Inc. (PRSO) emerge como una fuerza pionera, posicionándose estratégicamente en la intersección de las soluciones de conectividad de innovación MMWave y de próxima generación. Al elaborar meticulosamente un modelo de negocio que aprovecha el diseño de semiconductores de vanguardia, las asociaciones estratégicas y las tecnologías inalámbricas transformadoras, Peraso no se adapta solo a la revolución digital: está configurando activamente el futuro de las telecomunicaciones, las redes empresariales y la electrónica de consumo con su alta- Plataformas de conectividad inalámbrica de rendimiento.

Peraso Inc. (PRSO) - Modelo de negocio: asociaciones clave

Colaboraciones estratégicas con fabricantes de tecnología inalámbrica

Peraso Inc. mantiene asociaciones estratégicas con los siguientes fabricantes de tecnología inalámbrica:

Pareja	Tipo de colaboración	Área de enfoque
Tecnologías Qualcomm	Integración tecnológica	Diseño de semiconductores mmwave
Instrumentos de Texas	Desarrollo de componentes	Soluciones de conectividad inalámbrica

Asociaciones de investigación con firmas de diseño de semiconductores

Las colaboraciones de investigación de Peraso incluyen:

• Grupo de trabajo de estándares IEEE
• Asociación de infraestructura 5G
• Consorcio inalámbrico de Silicon Valley

Proveedores de componentes para tecnología MMWAVE

Los proveedores de componentes clave para Peraso Inc. incluyen:

Proveedor	Tipo de componente	Volumen de suministro anual
Dispositivos analógicos	Semiconductores de RF	500,000 unidades
Semiconductores NXP	Conjuntos de chips inalámbricos	750,000 unidades

Potencios empresas conjuntas en los mercados de conectividad 5G e inalámbrica

Discusiones de empresas conjuntas potenciales actuales:

• Redes Nokia - Desarrollo de infraestructura 5G
• Ericsson - Soluciones avanzadas de conectividad inalámbrica
• Electrónica Samsung - Integración de tecnología MMWave

Peraso Inc. (PRSO) - Modelo de negocio: actividades clave

Diseño y desarrollo de semiconductores inalámbricos

A partir de 2024, Peraso Inc. se centra en desarrollar soluciones avanzadas de semiconductores inalámbricos. La compañía invirtió $ 4.2 millones en gastos de I + D para el diseño de semiconductores en el año fiscal 2023.

Categoría de inversión de I + D	Monto ($)
Diseño de semiconductores	4,200,000
Personal de ingeniería	37

innovación de tecnología mmwave

PERASO se especializa en tecnología Millimeter Wave (MMWAVE), con un equipo dedicado de 22 ingenieros que se centran en soluciones innovadoras.

• Portafolio de patentes: 16 patentes de tecnología de mmwave activa
• Presupuesto de desarrollo de tecnología: $ 3.8 millones en 2023

Investigación e ingeniería de productos

La compañía asigna recursos significativos a la investigación e ingeniería de productos en múltiples dominios de tecnología.

Área de investigación	Tamaño del equipo de ingeniería	Presupuesto anual
Conectividad inalámbrica	15	2,500,000
Soluciones de semiconductores	12	2,100,000

Creación y gestión de la propiedad intelectual

Peraso mantiene un enfoque estratégico para el desarrollo de la propiedad intelectual.

• Patentes activas totales: 24
• Presupuesto anual de gestión de IP: $ 750,000
• Tasa de presentación de IP: 5-7 nuevas patentes por año

Licencias de tecnología y desarrollo de soluciones

La compañía genera ingresos a través de licencias tecnológicas y desarrollo de soluciones personalizadas.

Categoría de licencias	Ingresos 2023 ($)
Licencias de tecnología	1,600,000
Desarrollo de soluciones personalizadas	2,300,000

Peraso Inc. (PRSO) - Modelo de negocio: recursos clave

Talento de ingeniería especializada en tecnologías inalámbricas

A partir del cuarto trimestre de 2023, Peraso Inc. empleó 37 profesionales de ingeniería a tiempo completo especializados en tecnologías inalámbricas de semiconductores.

Categoría de ingeniería	Número de profesionales
Ingeniería de RF	14
Diseño de semiconductores	12
Ingeniería de software	11

Propiedad intelectual de semiconductores mmwave avanzado

Peraso Inc. sostiene 17 patentes de semiconductores activos En MMWave Technology a partir de enero de 2024.

Infraestructura de investigación y desarrollo

Gasto total de I + D para el año fiscal 2023: $ 4.2 millones.

Categoría de inversión de I + D	Cantidad
Desarrollo de hardware	$ 1.8 millones
Desarrollo de software	$ 1.3 millones
Prueba de prototipo	$ 1.1 millones

Patentes técnicas e innovaciones tecnológicas

• Portafolio de patentes totales: 17 patentes activas
• Categorías de patentes:
  • Diseño de semiconductores mmwave
  • Protocolos de comunicación inalámbrica
  • Técnicas de procesamiento de señales

Instalaciones especializadas de pruebas y prototipos

Detalles de la instalación para 2024:

Tipo de instalación	Pies cuadrados	Valor del equipo
Laboratorio de pruebas de RF	2.500 pies cuadrados	$ 1.5 millones
Centro de creación de prototipos de semiconductores	3,200 pies cuadrados	$ 2.3 millones

Peraso Inc. (PRSO) - Modelo de negocio: propuestas de valor

Soluciones de conectividad inalámbrica MMWAVE de alto rendimiento

Peraso Inc. ofrece soluciones de conectividad inalámbrica MMWave con las siguientes especificaciones técnicas:

Parámetro	Especificación técnica
Rango de frecuencia	24-100 GHz
Tasa de transferencia de datos	Hasta 10 Gbps
Distancia de transmisión de señal	300-500 metros

Tecnologías avanzadas de 5G y Comunicación inalámbrica

Las capacidades tecnológicas clave incluyen:

• 5G NR (nueva radio) Cumplimiento
• Tecnología de formación de vigas
• Soporte MIMO masivo
• Protocolos de comunicación de baja latencia

Diseño de semiconductores compacto y eficiente

Métricas de diseño de semiconductores:

Característica de diseño	Métrico de rendimiento
Tamaño de matriz	2.5 mm x 2.5 mm
Consumo de energía	Menos de 2W
Densidad de integración	95% de eficiencia del transistor

Capacidades innovadoras de redes inalámbricas

Métricas de rendimiento de la red:

• Soporte de protocolo 802.11ad/wigig
• Conectividad inalámbrica multi-gigabit
• Sub-6 GHz y MMWave Spectrum Utilización

Rendimiento mejorado de transmisión de datos

Segmento de mercado	Velocidad de transmisión de datos	Estado latente
Empresa	Hasta 8 Gbps	Menos de 1 m
Consumidor	Hasta 5 Gbps	1-2 ms

Peraso Inc. (PRSO) - Modelo de negocio: relaciones con los clientes

Soporte técnico y consulta

Peraso Inc. proporciona soporte técnico para sus soluciones de tecnología inalámbrica de 60 GHz. A partir del cuarto trimestre de 2023, la compañía mantiene un equipo de soporte técnico dedicado de 7 ingenieros que se especializan en conectividad inalámbrica.

Canal de soporte	Tiempo de respuesta	Cobertura
Soporte por correo electrónico	24-48 horas	Global
Soporte telefónico	4-6 horas	América del Norte, Europa
Base de conocimiento en línea	Inmediato	Mundial

Compromiso directo de ventas con fabricantes de tecnología

Peraso se involucra directamente con los fabricantes de tecnología a través de un enfoque de ventas dirigido.

• Relaciones activas del fabricante: 12
• Sectores de la industria primaria: inalámbrica, telecomunicaciones, electrónica de consumo
• Reuniones anuales de compromiso de ventas: 36

Desarrollo de soluciones personalizadas

La compañía ofrece Soluciones de tecnología inalámbrica personalizadas personalizado a requisitos específicos del fabricante.

Tipo de solución	Tiempo de desarrollo	Costo promedio
Personalización estándar	3-4 meses	$75,000
Personalización avanzada	6-9 meses	$250,000

Colaboración continua de desarrollo de productos

Peraso mantiene relaciones colaborativas con socios tecnológicos clave para la innovación continua.

• Asociaciones colaborativas activas: 8
• Inversión en I + D en 2023: $ 3.2 millones
• Solicitudes de patentes en 2023: 5

Documentación técnica y soporte de implementación

Se proporciona documentación técnica integral y asistencia de implementación a los clientes.

Tipo de documentación	Disponibilidad	Lenguas
Manuales técnicos	En línea/descargable	Inglés, chino, japonés
Guías de implementación	Personalizado	Múltiples idiomas
Documentación de API	Actualizaciones continuas	Inglés

Peraso Inc. (PRSO) - Modelo de negocio: canales

Equipo de ventas directas

A partir del cuarto trimestre de 2023, Peraso Inc. mantiene un equipo de ventas directo centrado en soluciones de tecnología de semiconductores y inalámbricos. El equipo de ventas consta de 12 profesionales dedicados dirigidos a los mercados empresariales e industriales.

Canal de ventas	Número de representantes	Cobertura geográfica
Mercado norteamericano	6	Estados Unidos y Canadá
Mercado europeo	3	Reino Unido, Alemania, Francia
Mercado de Asia-Pacífico	3	China, Japón, Corea del Sur

Conferencias tecnológicas y eventos de la industria

Peraso Inc. participa en conferencias de tecnología clave para mostrar sus soluciones inalámbricas de semiconductores.

• Consumer Electronics Show (CES) - Participación anual
• Mobile World Congress - Expositor desde 2019
• Simposio de microondas internacional IEEE
• Computex Taipei

Plataformas de marketing técnico en línea

Los canales digitales representan un componente crítico de la estrategia de marketing de Peraso.

Plataforma	Visitantes únicos mensuales	Tasa de compromiso
Sitio web de la empresa	35,000	4.2%
Página de la empresa de LinkedIn	15,000	3.7%
Blogs técnicos	22,000	5.1%

Ferias comerciales de la industria de semiconductores

Peraso Inc. participa activamente en ferias comerciales de semiconductores para demostrar capacidades tecnológicas.

• Conferencia internacional de circuitos de estado sólido (ISSCC)
• Conferencia de sistemas integrados
• Semicon West
• Electrónica Munich

Materiales de comunicación digital y marketing técnico

La garantía de marketing técnico respalda la estrategia de canal de Peraso.

Tipo de material de marketing	Producción anual	Canales de distribución digital
Paperadores técnicos	18	Sitio web de la empresa, LinkedIn
Hojas de datos de productos	25	Correo electrónico directo, foros técnicos
Demostraciones técnicas de video	12	YouTube, sitio web de la compañía

Peraso Inc. (PRSO) - Modelo de negocio: segmentos de clientes

Fabricantes de equipos de telecomunicaciones

A partir del cuarto trimestre de 2023, Peraso Inc. se dirige a los fabricantes de equipos de telecomunicaciones con soluciones de tecnología inalámbrica de 60 mm y 5 g.

Tipo de cliente	Penetración estimada del mercado	Potencial de ingresos anual
Nivel 1 Fabricantes de equipos de telecomunicaciones	12.5%	$ 4.2 millones
Fabricantes de equipos de telecomunicaciones de tamaño mediano	7.3%	$ 1.8 millones

Proveedores de infraestructura de red 5G

PERASO se centra en proveedores de infraestructura de red 5G con soluciones especializadas de tecnología MMWAVE.

• Tamaño del mercado global de infraestructura 5G: $ 14.2 mil millones
• Cuota de mercado dirigida de Peraso: 0.35%
• Ingresos anuales estimados de proveedores de infraestructura: $ 3.7 millones

Empresas de tecnología inalámbrica empresarial

Enterprise Wireless Technology Segment representa un grupo de clientes clave para la cartera de Pereso.

Segmento empresarial	Número de clientes potenciales	Valor de contrato promedio
Grandes clientes empresariales	87	$250,000
Clientes empresariales del mercado medio	213	$85,000

Fabricantes de electrónica de consumo

PERASO se dirige a los fabricantes de productos electrónicos de consumo con soluciones avanzadas de conectividad inalámbrica.

• Mercado total direccionable: $ 6.5 mil millones
• Adquisición proyectada de clientes: 22 fabricantes
• Ingresos anuales estimados: $ 2.9 millones

Integradores de tecnología inalámbrica automotriz

El segmento automotriz representa un mercado emergente para las soluciones de tecnología inalámbrica de Peraso.

Segmento automotriz	Clientes potenciales	Ingresos proyectados
Fabricantes de vehículos autónomos	14	$ 1.6 millones
Proveedores de nivel 1 automotriz	37	$ 2.3 millones

Peraso Inc. (PRSO) - Modelo de negocio: Estructura de costos

Gastos de investigación y desarrollo

Para el año fiscal 2023, Peraso Inc. reportó gastos de I + D de $ 4.2 millones, lo que representa el 38.5% de los gastos operativos totales.

Año fiscal	Gastos de I + D	Porcentaje de gastos operativos
2023	$4,200,000	38.5%
2022	$3,850,000	36.2%

Compensación de talento de ingeniería

Compensación anual promedio para el personal de ingeniería en Peraso Inc. oscila entre $ 125,000 y $ 185,000.

• Puestos de ingeniería senior: $ 165,000 - $ 185,000
• Posiciones de ingeniería de nivel medio: $ 125,000 - $ 155,000
• Posiciones de ingeniería de nivel de entrada: $ 85,000 - $ 120,000

Mantenimiento de patentes e propiedad intelectual

Los costos anuales de mantenimiento de la propiedad intelectual para Peraso Inc. totalizaron $ 620,000 en 2023.

Categoría de IP	Costo de mantenimiento anual	Número de patentes activas
Patentes de tecnología inalámbrica	$420,000	37
Patentes de procesamiento de señales	$200,000	22

Costos de fabricación y creación de prototipos

Los gastos de fabricación y creación de prototipos para Peraso Inc. en 2023 fueron de $ 2.7 millones.

• Desarrollo de prototipos: $ 1,200,000
• Configuración de fabricación: $ 950,000
• Abastecimiento de componentes: $ 550,000

Infraestructura de marketing y ventas

Los costos de infraestructura de marketing y ventas para Peraso Inc. alcanzaron $ 1.5 millones en 2023.

Categoría de gastos de marketing	Costo anual
Marketing digital	$450,000
Participación de la feria comercial	$350,000
Compensación del equipo de ventas	$700,000

PERASO Inc. (PRSO) - Modelo de negocio: flujos de ingresos

Venta de productos de semiconductores

A partir del cuarto trimestre de 2023, Peraso Inc. reportó ingresos por ventas de productos de semiconductores de $ 1.2 millones.

Categoría de productos	Ingresos anuales (2023)
Chips semiconductores de 60 GHz	$750,000
Soluciones de conectividad inalámbrica	$450,000

Tarifas de licencia de tecnología

La licencia de tecnología generó $ 350,000 en ingresos para el año fiscal 2023.

Servicios de diseño e ingeniería personalizados

Los servicios de ingeniería personalizada contribuyeron con $ 275,000 a los ingresos totales de la compañía en 2023.

Tipo de servicio	Contribución de ingresos
Diseño de RF personalizado	$175,000
Ingeniería de semiconductores	$100,000

Regalías de propiedad intelectual

Las regalías de propiedad intelectual ascendieron a $ 225,000 en 2023.

Servicios de consultoría y soporte técnico

Los servicios de consultoría técnica generaron $ 180,000 en ingresos para el año fiscal 2023.

Categoría de consultoría	Ingresos anuales
Apoyo técnico	$120,000
Consultoría estratégica	$60,000

Flujos de ingresos totales para 2023: $ 2,035,000

Peraso Inc. (PRSO) - Canvas Business Model: Value Propositions

You're looking at the core reasons customers choose Peraso Inc. (PRSO) technology, especially as they ramp up shipments in late 2025. The value proposition centers on delivering fiber-like performance without the fiber deployment headache.

High-bandwidth, multi-gigabit data transfer over 60 GHz unlicensed spectrum.

This is the foundation. Peraso Inc. positions its 60 GHz mmWave technology as delivering fiber-class speeds. The unlicensed 60Ghz V-band offers the largest contiguous spectrum available, which is what enables these multi-gigabit data rates. This capability is now translating into real revenue; for instance, mmWave product revenue hit a quarterly record in Q3 2025, increasing 35% sequentially, contributing $3.1 million of the total $3.2 million in net revenue for that quarter.

The technology is being deployed in new areas, like the announced collaboration with WeLink to boost broadband in dense urban areas, and powering systems for physical AI and robotaxi fleet vehicles, which require multi-gigabit wireless connectivity.

Ultra-low latency connectivity for real-time applications like Edge AI.

Beyond just speed, the low latency is key for time-sensitive applications. The performance benefits that make millimeter wave ideal for fixed wireless access (FWA) include ultra-low latency. This is critical for next-generation solutions, including tactical communications and the physical AI applications mentioned in recent partnerships.

Secure and power-efficient wireless solutions via beamforming technology.

Security and efficiency are baked in. Peraso Inc. emphasizes the secure and power-efficient nature of its 60 GHz solutions. The efficiency comes partly from low wattage units and optimized transmission. They use proprietary advanced beamforming techniques, including adaptive beamforming, to dynamically adjust the beam direction, which helps maintain optimized connectivity even when obstacles are present.

The focus on these core benefits helped drive a GAAP gross margin of 56.2% in Q3 2025, up from 48.3% in the prior quarter, showing improved unit economics.

Cost-effective alternative to fiber deployment in dense urban areas.

This is where you see the hard numbers that make the business case for Wireless Internet Service Providers (WISPs). Deploying this wireless alternative avoids the high costs and delays associated with trenching and traditional fiber builds. The cost savings are substantial, particularly in rural settings, but the value holds in dense urban environments too, where deployment speed is often the bottleneck.

Here's the quick math on how this cost proposition stacks up against fiber deployment:

Metric	Peraso FWA Alternative (Rural Estimate)	Fiber Deployment (Benchmark)
Upfront Cost Percentage	10%	100%
Total Long-Term Cost Percentage	30%	100%

For other estimates, total capital expenditure (CAPEX) for FWA is placed at 50-60% of fiber's CAPEX. This cost advantage is validated by securing a $0.9 million initial production order from a new OEM customer in Q3 2025 for FWA equipment.

The market is clearly responding to the product momentum, as evidenced by the sequential total revenue growth of >45% in Q3 2025.

• Delivers multi-gigabit speeds.
• Reduces deployment time significantly.
• Lowers infrastructure costs versus trenching.
• Leverages abundant, interference-free spectrum.
• Enables rapid expansion in underserved areas.

Finance: draft 13-week cash view by Friday.

Peraso Inc. (PRSO) - Canvas Business Model: Customer Relationships

You're looking at how Peraso Inc. keeps its key customers locked in, which is critical when your technology is as specialized as 60 GHz mmWave. Honestly, for a fabless semiconductor company like Peraso Inc., customer relationships aren't just about selling chips; they're about embedding your IP deep into the customer's next-generation product line. That means long-term commitment from both sides.

The foundation of Peraso Inc.'s customer interaction is built on direct, long-term ties with Original Equipment Manufacturers (OEMs) and system integrators. This isn't a transactional business; it's about securing design wins that translate into years of production orders. For example, as of the third quarter of 2025, Peraso Inc. had nearly doubled the number of customer Stock Keeping Units (SKUs) in production over the preceding 2 years, showing a clear trend of deepening engagement with existing partners. Furthermore, the company secured an initial production volume order in September 2025 from a new OEM customer specifically for fixed wireless access equipment, valued at $0.9 million. This kind of order validates the design-in process.

Here's a snapshot of the OEM/System Integrator focus as of the Q3 2025 reporting period:

Metric	Value as of Late 2025	Context
SKUs in Production (Change)	Nearly doubled in 2 years	Indicates deepening long-term customer adoption.
New OEM Production Order (Sept 2025)	$0.9 million	Initial volume order from a new customer in FWA.
mmWave Product Revenue (Q3 2025)	$3 million	Represents revenue directly tied to these customer shipments.
New Customer Devices in Preproduction	Double-digit number	Represents future revenue visibility.

Dedicated support for design-in and product customization is where the engineering teams earn their keep. You can't just ship a datasheet and walk away; these complex wireless solutions require heavy collaboration to integrate perfectly. Peraso Inc. is actively working to convert its substantial pipeline into commercial reality. They are focused on continuing to convert existing customer engagements into additional design-wins across fixed wireless access and adjacent markets.

• Over 100 distinct customer engagement opportunities currently in the pipeline.
• Securing multiple new design wins throughout Q3 2025 with both existing and new customers.
• The company had a double-digit number of new customer devices in preproduction at the end of Q3 2025.

The strategic, collaborative engagement for new market entry is best exemplified by the WeLink Communications partnership. This isn't just a sale; it's a joint effort to redefine urban broadband deployment. WeLink selected Peraso Inc.'s 60 GHz mmWave technology to power its mesh-based Fixed Wireless Access (FWA) architecture, aiming to deliver fiber-class speeds up to 2 Gbps. This collaboration, announced in September 2025, targets dense urban areas, with WeLink already operating in three major U.S. metropolitan markets (Los Angeles, Las Vegas, and Phoenix). This move signals a shift from rural FWA opportunities to more complex urban environments for Peraso Inc.'s technology.

Finally, the high-touch sales approach is essential for complex applications like defense and tactical communications. This segment demands extreme reliability and security, which necessitates deep technical engagement. Peraso Inc. recently completed initial field trials with its lead customer in the tactical communications market for a next-generation, mission-critical defense application. This focus is on a very high-growth area; the defense marketplace is projected to grow at a compounded annual rate of 42%. The company's four main focus markets include fixed wireless access, tactical communications, transportation, and video. This level of engagement requires a defintely high-touch sales cycle to navigate the stringent requirements of defense contractors.

Finance: draft 13-week cash view by Friday.

Peraso Inc. (PRSO) - Canvas Business Model: Channels

You're looking at how Peraso Inc. gets its 60 GHz and mmWave technology into the hands of end-users as of late 2025. The channel strategy clearly leans heavily on partnerships, which makes sense when you are selling complex chipsets and modules rather than finished consumer goods.

The company's revenue stream is directly tied to the success of these channel partners, especially as they transition away from legacy memory IC products. For instance, in the third quarter of 2025, total net revenue hit $3.2 million, with mmWave product revenue accounting for $3.0 million of that total. This mmWave revenue alone was up 35% sequentially, showing the channel is gaining traction.

The engagement with system providers is where the direct sales effort is focused, securing design wins that translate into future volume. This is the core of the direct sales team engaging with global OEMs and system providers. We see this in the renewed collaboration with WeLink Communications to deploy high-speed broadband across dense urban areas and multiple major U.S. cities.

Also, the company is securing wins in specialized markets, like the initial production shipment for a solution tailored for education environments. Furthermore, Peraso Inc. is pushing into tactical communications, which includes mission-critical military defense applications.

Distribution through major global equipment suppliers is evidenced by the success with key partners who integrate Peraso Inc.'s components into their final products. This is how you scale without building out a massive internal sales force for every vertical. Here are some of the key partner activities we've seen recently:

Partner/Customer Segment	Technology Integration/Use Case	Key Metric/Detail
Tachyon Networks	Outdoor 60 GHz fixed wireless solution	Module with integrated 16-element phased array antenna
Tachyon Networks Solution	Fixed Wireless Access (FWA)	Offers gigabit connectivity with over a 3-kilometer range
WeLink Communications	Mesh-based fixed wireless access	Accelerating deployment across dense urban areas in the U.S.
Tactical Communications	Mission-critical military defense applications	Leveraging high data rates, ultra-low latency, and power efficiency

The technology is actively showcased to drive these channel relationships and build market awareness. Technology showcased at industry events like WISPAPALOOZA 2025 is a critical touchpoint for the WISP (Wireless Internet Service Provider) segment. Peraso Inc. showcased its 60 GHz FWA solutions at WISPAPALOOZA 2025 in Las Vegas, running from October 13-16, 2025.

The company maintained a physical presence at the event, specifically at booth #641, to engage with industry leaders and demonstrate its multi-gigabit connectivity solutions. This event presence supports the overall business outlook, even with Q4 2025 total net revenue guidance projected to be between $2.8 million to $3.1 million.

• Showcased 60 GHz fixed wireless access (FWA) solutions.
• Targeted WISPs for rural to dense urban connectivity.
• Met with executive teams and provided firsthand technology experiences.

The prior quarter, Q2 2025, saw a dip in revenue guidance to $1.8 million-$2.0 million due to the planned end-of-life for memory IC shipments, which underscores the channel shift to mmWave.

Peraso Inc. (PRSO) - Canvas Business Model: Customer Segments

You're looking at the specific groups of customers Peraso Inc. is targeting with its mmWave technology as of late 2025. This isn't just theory; we see the focus in their recent revenue mix and stated market efforts.

The company's recent financial trajectory shows a clear pivot, with millimeter wave (mmWave) product revenues hitting a quarterly record of $3.0 million in the third quarter of 2025, up 35% sequentially from the $2.2 million reported in the prior quarter. This shift is critical because total net revenue for Q3 2025 was $3.2 million.

Here is how the customer segments map to the market reality and Peraso Inc.'s reported activity:

• Fixed Wireless Access (FWA) providers for urban and rural broadband.
• Military and defense contractors (Tactical Communications).
• Transportation OEMs (e.g., high-speed internet on moving trains, robotaxis).
• Integrators for immersive video and Edge AI applications.

The Fixed Wireless Access segment is a major focus, with Peraso Inc. showcasing its 60 GHz FWA solutions to Wireless Internet Service Providers (WISPs) for both rural and dense urban connectivity. This aligns with the broader market, where the global FWA market size was estimated at USD 41.2 billion in 2025. Peraso Inc. specifically secured an order from a leading global FWA equipment provider that serves major service operators during the quarter.

For Military and defense contractors, Peraso Inc. announced initial production shipments of its 60 GHz wireless platform for tactical communications. The company estimates the addressable market here could exceed $500 million, driven by the need for secure, mobile connectivity for the NATO active force of 3.44 million soldiers.

While the segments for Transportation OEMs and Integrators for immersive video and Edge AI are noted as development areas or adjacent markets seeing increased activity, the direct financial attribution for these segments is not explicitly broken out in the latest public filings, though autonomous vehicles and drones are mentioned alongside Edge AI.

The shift in Peraso Inc.'s revenue mix is stark when looking at the mmWave performance versus prior periods:

Customer Focus Area	Key Metric/Activity (Late 2025)	Associated Financial/Statistical Data
Fixed Wireless Access (FWA)	Showcased 60 GHz solutions to WISPs; secured order from a leading global FWA equipment provider	Global FWA Market Size (2025): USD 41.2 billion
Military/Defense (Tactical Comms)	Announced initial production shipments following field trials; targeting next-gen battlefield operations	Estimated Addressable Market: Exceeds $500 million; NATO Active Force: 3.44 million soldiers
mmWave Product Revenue Driver	Primary driver of sequential revenue growth in Q3 2025	Q3 2025 mmWave Revenue: $3.0 million; Q1 2025 mmWave Revenue: $1.5 million
Overall Business Context	Total revenue for the last twelve months ending Q3 2025	LTM Revenue: $13.00 million; Q3 2025 Total Revenue: $3.2 million

The company is definitely leaning into the high-growth areas where its technology provides a fiber-like alternative, especially in FWA where deployment is faster and less costly than trenching. Finance: draft 13-week cash view by Friday.

Peraso Inc. (PRSO) - Canvas Business Model: Cost Structure

You're looking at the cost side of Peraso Inc.'s (PRSO) engine as of late 2025. The structure shows a company heavily focused on product development costs, even while managing its day-to-day spending tightly.

Significant R&D expenditure for next-generation mmWave products.

Research and Development (R&D) is bundled within the total Operating Expenses figure. Peraso Inc. reported total GAAP Operating Expenses (OpEx) of $3.0 million for the third quarter of 2025. This figure encompasses all spending on R&D, Sales, General, and Administrative activities, so R&D is a significant, though not separately itemized in the latest reports, portion of that $3.0 million.

Cost of Goods Sold (COGS) from outsourced semiconductor manufacturing.

Specific COGS figures aren't broken out, but the result of that cost structure is clear from the gross margin. For Q3 2025, the GAAP gross margin improved to 56.2%. This improvement was attributed to a more favorable revenue mix, heavily weighted toward mmWave products, and the recognition of previously written-down inventory, which effectively lowered the per-unit cost recognized in COGS for that period.

GAAP Operating Expenses (OpEx) reduced to $3.0 million in Q3 2025.

The company demonstrated operating discipline, trimming total GAAP OpEx to $3.0 million in the third quarter of 2025. This reduction helped narrow the GAAP net loss to $1.2 million for the same quarter, an improvement from the $1.8 million loss in Q2 2025.

Sales, General, and Administrative (SG&A) costs.

SG&A costs are included within the total GAAP Operating Expenses of $3.0 million for Q3 2025. Management remains committed to disciplined expense management to drive steady improvement in quarterly operating results.

Amortization of intangible assets and stock-based compensation.

These items are specifically excluded when calculating non-GAAP financial measures, which management uses to assess core operational performance. The non-GAAP net loss for Q3 2025 was $1.1 million, compared to the GAAP net loss of $1.2 million, indicating the magnitude of these non-cash adjustments.

Here are the key cost-related financial metrics from Peraso Inc.'s Q3 2025 results:

Metric	Amount / Rate (Q3 2025)
Total Net Revenue	$3.2 million
Product Revenue	$3.1 million
GAAP Gross Margin	56.2%
GAAP Operating Expenses (OpEx)	$3.0 million
Adjusted EBITDA Loss	$1.0 million
GAAP Net Loss	$1.2 million

The structure of the operating costs is further detailed by what is removed for non-GAAP reporting:

• Stock-based compensation.
• Amortization of reported intangible assets.
• Severance costs.
• Change in fair value of warrant liabilities.

To be fair, the cash balance as of September 30, 2025, was $1.9 million, which is a key constraint on funding these operating costs.

Finance: draft 13-week cash view by Friday.

Peraso Inc. (PRSO) - Canvas Business Model: Revenue Streams

You're looking at the revenue streams for Peraso Inc. (PRSO) as of late 2025, focusing on the hard numbers from the most recent reporting period. The story here is clearly the pivot to the high-growth mmWave segment.

The total net revenue for Peraso Inc. in the third quarter of 2025 was reported as \$3.2 million. This represented a sequential increase of more than 45% from the prior quarter.

The primary driver for this top-line performance is the revenue generated from mmWave chipsets and modules. Specifically, the revenue from mmWave products hit a quarterly record of \$3.0 million in Q3 2025. This figure is a massive jump compared to the \$0.1 million generated from mmWave products in the third quarter of 2024.

We can see the composition of the revenue streams in the table below, based on the Q3 2025 figures:

Revenue Component	Q3 2025 Amount	Notes
Total Net Revenue	\$3.2 million	Overall top-line result for the quarter
mmWave Product Revenue	\$3.0 million	Record quarterly revenue from 60 GHz solutions
Total Product Revenue	\$3.1 million	Reported total product revenue
Initial Production Order Revenue (Q3 2025)	\$0.9 million	From a new OEM customer for fixed wireless access equipment

The shift away from older technology is evident in the declining contribution from legacy products. Revenue from legacy memory IC products is phasing out due to the previously announced end of life for those products. The reduction in shipments of these memory IC products was a primary factor in the year-over-year revenue comparison, though the mmWave ramp more than offset this decline sequentially.

The revenue mix heavily favored the higher-margin mmWave business, which helped boost profitability metrics. The GAAP gross margin for the third quarter of 2025 improved to 56.2%. This margin expansion was attributed to a more favorable revenue mix of mmWave products and solutions.

The company is also seeing success in converting pipeline opportunities into immediate revenue, as evidenced by specific bookings:

• Secured an initial production volume order in September valued at \$0.9 million from a new OEM customer.
• Multiple design wins, including a collaboration with WeLink for high-speed broadband deployment.
• Completed initial field trials with a lead customer in the tactical communications market.

Looking ahead, Peraso Inc. provided guidance suggesting continued revenue generation in the near term, projecting total net revenue for the fourth quarter of 2025 to be in the range of \$2.8 million to \$3.1 million. Finance: draft 13-week cash view by Friday.