Peraso Inc. (PRSO): Business Model Canvas [Jan-2025 Mis à jour]

Dans le paysage rapide de la technologie sans fil, Peraso Inc. (PRSO) émerge comme une force pionnière, se positionnant stratégiquement à l'intersection des solutions d'innovation MMWAVE et de connectivité de nouvelle génération. En fabriquant méticuleusement un modèle d'entreprise qui tire parti de la conception de semi-conducteurs de pointe, des partenariats stratégiques et des technologies sans fil transformatrices, Peraso ne s'adapte pas seulement à la révolution numérique - il façonne activement l'avenir des télécommunications, des réseaux d'entreprise et de l'électronique de consommation avec son haut haut de gamme, le réseautage d'entreprise et l'électronique de consommation avec son sommet élevé avec High- Performance Plate-forme de connectivité sans fil.

Peraso Inc. (PRO) - Modèle d'entreprise: partenariats clés

Collaborations stratégiques avec les fabricants de technologies sans fil

Peraso Inc. maintient des partenariats stratégiques avec les fabricants de technologies sans fil suivantes:

Partenaire	Type de collaboration	Domaine de mise au point
Technologies de Qualcomm	Intégration technologique	Conception de semi-conducteurs MMWAVE
Texas Instruments	Développement des composants	Solutions de connectivité sans fil

Partenariats de recherche avec des sociétés de conception de semi-conducteurs

Les collaborations de recherche de Peraso comprennent:

• Groupe de travail des normes IEEE
• Association d'infrastructure 5G
• Consortium sans fil de la Silicon Valley

Fournisseurs de composants pour la technologie MMWAVE

Les fournisseurs de composants clés pour Peraso Inc. incluent:

Fournisseur	Type de composant	Volume de l'offre annuelle
Dispositifs analogiques	Semi-conducteurs RF	500 000 unités
Semi-conducteurs NXP	Chipset sans fil	750 000 unités

Coentreprises potentielles sur les marchés de la 5G et de la connectivité sans fil

Discussions potentielles de coentreprise actuelles:

• Réseaux Nokia - Développement des infrastructures 5G
• Éricson - Solutions de connectivité sans fil avancées
• Samsung Electronics - Intégration de la technologie MMWave

Peraso Inc. (PRO) - Modèle d'entreprise: activités clés

Conception et développement de semi-conducteurs sans fil

En 2024, Peraso Inc. se concentre sur le développement de solutions avancées de semi-conducteur sans fil. La société a investi 4,2 millions de dollars dans les dépenses de R&D pour la conception des semi-conducteurs au cours de l'exercice 2023.

Catégorie d'investissement de R&D	Montant ($)
Conception de semi-conducteurs	4,200,000
Personnel d'ingénierie	37

Innovation technologique MMWave

Peraso est spécialisé dans la technologie Millimètre (MMWAVE), avec une équipe dédiée de 22 ingénieurs se concentrant sur des solutions innovantes.

• Portefeuille de brevets: 16 brevets de technologie MMWAVE active
• Budget de développement technologique: 3,8 millions de dollars en 2023

Recherche et ingénierie des produits

L'entreprise alloue des ressources importantes à la recherche et à l'ingénierie de produits dans plusieurs domaines technologiques.

Domaine de recherche	Taille de l'équipe d'ingénierie	Budget annuel
Connectivité sans fil	15	2,500,000
Solutions de semi-conducteurs	12	2,100,000

Création et gestion de la propriété intellectuelle

Peraso maintient une approche stratégique du développement de la propriété intellectuelle.

• Brevets actifs totaux: 24
• Budget annuel de gestion de la propriété intellectuelle: 750 000 $
• Taux de dépôt IP: 5-7 nouveaux brevets par an

Licence de technologie et développement de solutions

La société génère des revenus grâce à des licences technologiques et à un développement de solutions personnalisées.

Catégorie de licence	Revenus 2023 ($)
Licence de technologie	1,600,000
Développement de solutions personnalisées	2,300,000

Peraso Inc. (PRO) - Modèle d'entreprise: Ressources clés

Talent d'ingénierie spécialisé dans les technologies sans fil

Depuis le quatrième trimestre 2023, Peraso Inc. a employé 37 professionnels de l'ingénierie à temps plein spécialisés dans les technologies de semi-conducteurs sans fil.

Catégorie d'ingénierie	Nombre de professionnels
RF Engineering	14
Conception de semi-conducteurs	12
Génie logiciel	11

Propriété intellectuelle avancée MMWAVE MMWAVE

Peraso Inc. détient 17 brevets de semi-conducteurs actifs dans la technologie MMWAVE en janvier 2024.

Infrastructure de recherche et de développement

Dépenses totales de R&D pour l'exercice 2023: 4,2 millions de dollars.

Catégorie d'investissement de R&D	Montant
Développement de matériel	1,8 million de dollars
Développement de logiciels	1,3 million de dollars
Test de prototype	1,1 million de dollars

Brevets techniques et innovations technologiques

• Portfolio total des brevets: 17 brevets actifs
• Catégories de brevets:
  • Conception de semi-conducteurs MMWAVE
  • Protocoles de communication sans fil
  • Techniques de traitement du signal

Installations de tests et de prototypage spécialisés

Détails de l'installation pour 2024:

Type d'installation	En pieds carrés	Valeur de l'équipement
Laboratoire de test RF	2 500 pieds carrés	1,5 million de dollars
Centre de prototypage semi-conducteur	3 200 pieds carrés	2,3 millions de dollars

Peraso Inc. (PRO) - Modèle d'entreprise: propositions de valeur

Solutions de connectivité sans fil MMWave haute performance

Peraso Inc. fournit des solutions de connectivité sans fil MMWAVE avec les spécifications techniques suivantes:

Paramètre	Spécifications techniques
Gamme de fréquences	24-100 GHz
Taux de transfert de données	Jusqu'à 10 Gbps
Distance de transmission du signal	300-500 mètres

Technologies de communication 5G avancées et sans fil

Les capacités technologiques clés comprennent:

• 5G NR (nouvelle radio) Compliance
• Technologie de formation de faisceau
• Support massif MIMO
• Protocoles de communication à faible latence

Conception de semi-conducteurs compacts et efficaces

Métriques de conception de semi-conducteurs:

Caractéristique du design	Métrique de performance
Taille	2,5 mm x 2,5 mm
Consommation d'énergie	Moins de 2W
Densité d'intégration	Efficacité de transistor à 95%

Capacités de réseautage sans fil innovantes

Métriques de performance du réseau:

• Support du protocole 802.11Ad / Wigig / Wigig
• Connectivité sans fil multi-gigabit
• Utilisation du spectre de sous-6 GHz et MMWAVE

Performances de transmission de données améliorées

Segment de marché	Vitesse de transmission des données	Latence
Entreprise	Jusqu'à 8 Gbps	Moins de 1 ms
Consommateur	Jusqu'à 5 Gbps	1-2 ms

Peraso Inc. (PRO) - Modèle d'entreprise: relations avec les clients

Soutien technique et consultation

Peraso Inc. fournit un support technique pour ses solutions technologiques sans fil à 60 GHz. Au quatrième trimestre 2023, la société maintient une équipe de support technique dédiée de 7 ingénieurs spécialisée dans la connectivité sans fil.

Canal de support	Temps de réponse	Couverture
Assistance par e-mail	24-48 heures	Mondial
Support téléphonique	4-6 heures	Amérique du Nord, Europe
Base de connaissances en ligne	Immédiat	Mondial

Engagement des ventes directes avec les fabricants de technologies

Peraso s'engage directement avec les fabricants de technologies grâce à une approche de vente ciblée.

• Relations des fabricants actifs: 12
• Secteurs primaires de l'industrie: sans fil, télécommunications, électronique grand public
• Réunions annuelles d'engagement des ventes: 36

Développement de solutions personnalisées

La société propose Solutions technologiques sans fil personnalisées adapté à des exigences spécifiques du fabricant.

Type de solution	Temps de développement	Coût moyen
Personnalisation standard	3-4 mois	$75,000
Personnalisation avancée	6-9 mois	$250,000

Collaboration de développement de produits en cours

Peraso entretient des relations collaboratives avec des partenaires technologiques clés pour l'innovation continue.

• Partenariats collaboratifs actifs: 8
• Investissement en R&D en 2023: 3,2 millions de dollars
• Demandes de brevet en 2023: 5

Documentation technique et support de mise en œuvre

Une documentation technique complète et une aide à la mise en œuvre sont fournies aux clients.

Type de documentation	Disponibilité	Langues
Manuels techniques	En ligne / téléchargeable	Anglais, chinois, japonais
Guides de mise en œuvre	Personnalisé	Plusieurs langues
Documentation API	Mises à jour continues	Anglais

Peraso Inc. (PRO) - Modèle d'entreprise: canaux

Équipe de vente directe

Depuis le quatrième trimestre 2023, Peraso Inc. maintient une équipe de vente directe axée sur les solutions technologiques semi-conductrices et sans fil. L'équipe commerciale se compose de 12 professionnels dévoués ciblant l'entreprise et les marchés industriels.

Canal de vente	Nombre de représentants	Couverture géographique
Marché nord-américain	6	États-Unis et Canada
Marché européen	3	Royaume-Uni, Allemagne, France
Marché Asie-Pacifique	3	Chine, Japon, Corée du Sud

Conférences de technologie et événements de l'industrie

Peraso Inc. participe à des conférences de technologies clés pour présenter ses solutions de semi-conducteurs sans fil.

• Consumer Electronics Show (CES) - Participation annuelle
• Congrès mondial mobile - Exposant depuis 2019
• IEEE International Microwave Symposium
• Calculx taipei

Plateformes de marketing technique en ligne

Les canaux numériques représentent un élément essentiel de la stratégie marketing de Peraso.

Plate-forme	Visiteurs uniques mensuels	Taux d'engagement
Site Web de l'entreprise	35,000	4.2%
Page de société LinkedIn	15,000	3.7%
Blogs techniques	22,000	5.1%

Salons commerciaux de l'industrie des semi-conducteurs

Peraso Inc. participe activement au commerce des semi-conducteurs pour démontrer les capacités technologiques.

• Conférence internationale sur les circuits à l'état solide (ISSCC)
• Conférence des systèmes intégrés
• Semicon ouest
• Electronica Munich

Communication numérique et matériel de marketing technique

Les garanties techniques soutiennent la stratégie de canal de Peraso.

Type de matériel marketing	Production annuelle	Canaux de distribution numériques
Blancs techniques	18	Site Web de l'entreprise, LinkedIn
Feuilles de données de produit	25	E-mail direct, forums techniques
Démonstations techniques vidéo	12	YouTube, site Web de l'entreprise

Peraso Inc. (PRO) - Modèle d'entreprise: segments de clientèle

Fabricants d'équipements de télécommunications

Depuis le quatrième trimestre 2023, Peraso Inc. cible les fabricants d'équipements de télécommunications avec des solutions technologiques sans fil 60 mm et 5G.

Type de client	Pénétration estimée du marché	Potentiel de revenus annuel
Fabricants d'équipements de télécommunications de niveau 1	12.5%	4,2 millions de dollars
Fabricants d'équipements de télécommunications de taille moyenne	7.3%	1,8 million de dollars

Fournisseurs d'infrastructures de réseau 5G

Peraso se concentre sur les fournisseurs d'infrastructures de réseau 5G avec des solutions technologiques MMWAVE spécialisées.

• Taille du marché mondial de l'infrastructure 5G: 14,2 milliards de dollars
• Part de marché ciblé de Peraso: 0,35%
• Revenus annuels estimés des fournisseurs d'infrastructures: 3,7 millions de dollars

Entreprise de technologie sans fil d'entreprise

Le segment de la technologie sans fil d'entreprise représente un groupe de clients clé pour le portefeuille de Peraso.

Segment d'entreprise	Nombre de clients potentiels	Valeur du contrat moyen
Grandes clients d'entreprise	87	$250,000
Clients d'entreprise de marché intermédiaire	213	$85,000

Fabricants d'électronique grand public

Peraso cible les fabricants d'électronique grand public avec des solutions de connectivité sans fil avancées.

• Marché total adressable: 6,5 milliards de dollars
• Acquisition de clients projetés: 22 fabricants
• Revenu annuel estimé: 2,9 millions de dollars

Intégrateurs de technologie sans fil automobile

Le segment automobile représente un marché émergent pour les solutions technologiques sans fil de Peraso.

Segment automobile	Clients potentiels	Revenus projetés
Fabricants de véhicules autonomes	14	1,6 million de dollars
Fournisseurs de niveau 1 automobile	37	2,3 millions de dollars

Peraso Inc. (PROS) - Modèle d'entreprise: Structure des coûts

Frais de recherche et de développement

Pour l'exercice 2023, Peraso Inc. a déclaré des dépenses de R&D de 4,2 millions de dollars, ce qui représente 38,5% du total des dépenses d'exploitation.

Exercice fiscal	Dépenses de R&D	Pourcentage des dépenses d'exploitation
2023	$4,200,000	38.5%
2022	$3,850,000	36.2%

Compensation des talents d'ingénierie

La rémunération annuelle moyenne du personnel d'ingénierie de Peraso Inc. varie entre 125 000 $ et 185 000 $.

• Positions de génie senior: 165 000 $ - 185 000 $
• Positions d'ingénierie de niveau intermédiaire: 125 000 $ - 155 000 $
• Positions d'ingénierie d'entrée de gamme: 85 000 $ - 120 000 $

Entretien de la propriété brevet et intellectuelle

Les coûts annuels de maintenance de la propriété intellectuelle pour Peraso Inc. ont totalisé 620 000 $ en 2023.

Catégorie IP	Coût de maintenance annuel	Nombre de brevets actifs
Brevets technologiques sans fil	$420,000	37
Brevets de traitement du signal	$200,000	22

Coûts de fabrication et de prototypage

Les dépenses de fabrication et de prototypage de Peraso Inc. en 2023 étaient de 2,7 millions de dollars.

• Développement des prototypes: 1 200 000 $
• Configuration de la fabrication: 950 000 $
• Source des composants: 550 000 $

Infrastructure de marketing et de vente

Les coûts d'infrastructure marketing et de vente pour Peraso Inc. ont atteint 1,5 million de dollars en 2023.

Catégorie de dépenses de marketing	Coût annuel
Marketing numérique	$450,000
Participation des salons commerciaux	$350,000
Compensation de l'équipe de vente	$700,000

Peraso Inc. (PRO) - Modèle d'entreprise: Strots de revenus

Ventes de produits semi-conducteurs

Au quatrième trimestre 2023, Peraso Inc. a déclaré un chiffre d'affaires de produit semi-conducteur de 1,2 million de dollars.

Catégorie de produits	Revenus annuels (2023)
Chips semi-conducteurs à 60 GHz	$750,000
Solutions de connectivité sans fil	$450,000

Frais de licence de technologie

Les licences technologiques ont généré 350 000 $ de revenus pour l'exercice 2023.

Services de conception et d'ingénierie personnalisés

Les services d'ingénierie personnalisés ont contribué 275 000 $ aux revenus totaux de l'entreprise en 2023.

Type de service	Contribution des revenus
Conception RF personnalisée	$175,000
Ingénierie de semi-conducteurs	$100,000

Royalités de la propriété intellectuelle

Les redevances de propriété intellectuelle s'élevaient à 225 000 $ en 2023.

Services de conseil et de support technique

Les services de conseil technique ont généré 180 000 $ de revenus pour l'exercice 2023.

Catégorie de conseil	Revenus annuels
Support technique	$120,000
Conseil stratégique	$60,000

Total des sources de revenus pour 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.