Peraso Inc. (PRSO): modelo de negócios [Jan-2025 Atualizado]

No cenário em rápida evolução da tecnologia sem fio, a Pesoo Inc. (PRSO) surge como uma força pioneira, posicionando-se estrategicamente na interseção da inovação de MMWave e soluções de conectividade de próxima geração. Ao elaborar meticulosamente um modelo de negócios que aproveita o design de semicondutores de ponta, parcerias estratégicas e tecnologias sem fio transformadoras, o peraso não está apenas se adaptando à revolução digital-está moldando ativamente o futuro das telecomunicações, a rede empresarial e os eletrônicos de consumo com seu alto- Plataformas de conectividade sem fio de desempenho.

Peraso Inc. (PRSO) - Modelo de Negócios: Principais Parcerias

Colaborações estratégicas com fabricantes de tecnologia sem fio

A Peraso Inc. mantém parcerias estratégicas com os seguintes fabricantes de tecnologia sem fio:

Parceiro	Tipo de colaboração	Área de foco
Qualcomm Technologies	Integração de tecnologia	Design de semicondutores MMWave
Texas Instruments	Desenvolvimento de componentes	Soluções de conectividade sem fio

Parcerias de pesquisa com empresas de design de semicondutores

As colaborações de pesquisa de Pesoo incluem:

• Grupo de trabalho de padrões IEEE
• 5G Associação de Infraestrutura
• Consórcio sem fio do Vale do Silício

Fornecedores de componentes para tecnologia MMWave

Os principais fornecedores de componentes da Peraso Inc. incluem:

Fornecedor	Tipo de componente	Volume anual de oferta
Dispositivos analógicos	Semicondutores de RF	500.000 unidades
Semicondutores NXP	Chipsets sem fio	750.000 unidades

Potenciais joint ventures em mercados de conectividade 5G e sem fio

Discussões potenciais de joint venture atuais:

• Redes Nokia - Desenvolvimento de infraestrutura 5G
• Ericsson - Soluções avançadas de conectividade sem fio
• Samsung Electronics - Integração de tecnologia MMWave

Peraso Inc. (PRSO) - Modelo de Negócios: Atividades -chave

Design e desenvolvimento semicondutores sem fio

A partir de 2024, a Peraso Inc. se concentra no desenvolvimento de soluções avançadas semicondutores sem fio. A empresa investiu US $ 4,2 milhões em despesas de P&D para design de semicondutores no ano fiscal de 2023.

Categoria de investimento em P&D	Valor ($)
Design de semicondutores	4,200,000
Pessoal de engenharia	37

MMWAVE Inovação em tecnologia

A Peraso é especializada em tecnologia de onda de milímetro (MMWave), com uma equipe dedicada de 22 engenheiros focados em soluções inovadoras.

• Portfólio de patentes: 16 patentes de tecnologia ativa MMWave
• Orçamento de desenvolvimento de tecnologia: US $ 3,8 milhões em 2023

Pesquisa e engenharia de produtos

A empresa aloca recursos significativos para a pesquisa e a engenharia de produtos em vários domínios de tecnologia.

Área de pesquisa	Tamanho da equipe de engenharia	Orçamento anual
Conectividade sem fio	15	2,500,000
Soluções semicondutores	12	2,100,000

Criação e gerenciamento de propriedade intelectual

Peraso mantém uma abordagem estratégica do desenvolvimento da propriedade intelectual.

• Total de patentes ativas: 24
• Orçamento anual de gerenciamento de IP: US $ 750.000
• Taxa de arquivamento IP: 5-7 novas patentes por ano

Licenciamento de tecnologia e desenvolvimento de soluções

A empresa gera receita por meio de licenciamento de tecnologia e desenvolvimento de soluções personalizadas.

Categoria de licenciamento	Receita 2023 ($)
Licenciamento de tecnologia	1,600,000
Desenvolvimento de soluções personalizadas	2,300,000

Peraso Inc. (PRSO) - Modelo de Negócios: Recursos -Principais

Talento especializado em engenharia em tecnologias sem fio

A partir do quarto trimestre de 2023, a Peraso Inc. empregou 37 profissionais de engenharia em período integral especializados em tecnologias de semicondutores sem fio.

Categoria de engenharia	Número de profissionais
Engenharia de RF	14
Design de semicondutores	12
Engenharia de software	11

Propriedade intelectual avançada de semicondutores mmwave

Peraso Inc. detém 17 patentes de semicondutores ativos na MMWave Technology em janeiro de 2024.

Infraestrutura de pesquisa e desenvolvimento

Despesas totais de P&D para o ano fiscal de 2023: US $ 4,2 milhões.

Categoria de investimento em P&D	Quantia
Desenvolvimento de hardware	US $ 1,8 milhão
Desenvolvimento de software	US $ 1,3 milhão
Teste de protótipo	US $ 1,1 milhão

Patentes técnicas e inovações tecnológicas

• Portfólio total de patentes: 17 patentes ativas
• Categorias de patentes:
  • Design de semicondutores MMWave
  • Protocolos de comunicação sem fio
  • Técnicas de processamento de sinal

Instalações especializadas de testes e prototipagem

Detalhes da instalação para 2024:

Tipo de instalação	Metragem quadrada	Valor do equipamento
Laboratório de teste de RF	2.500 pés quadrados	US $ 1,5 milhão
Centro de Prototipagem de Semicondutores	3.200 pés quadrados	US $ 2,3 milhões

Peraso Inc. (PRSO) - Modelo de Negócios: Proposições de Valor

Soluções de conectividade sem fio MMWave de alto desempenho

A Peraso Inc. fornece soluções de conectividade sem fio MMWave com as seguintes especificações técnicas:

Parâmetro	Especificação técnica
Faixa de frequência	24-100 GHz
Taxa de transferência de dados	Até 10 Gbps
Distância da transmissão do sinal	300-500 metros

Tecnologias avançadas de 5G e comunicação sem fio

Os principais recursos tecnológicos incluem:

• 5G NR (nova conformidade com rádio)
• Tecnologia de formação de feixe
• Suporte maciço do MIMO
• Protocolos de comunicação de baixa latência

Design de semicondutores compactos e eficientes

Métricas de design de semicondutores:

Característica do design	Métrica de desempenho
Tamanho da matriz	2,5 mm x 2,5 mm
Consumo de energia	Menos de 2w
Densidade de integração	95% de eficiência do transistor

Recursos inovadores de rede sem fio

Métricas de desempenho de rede:

• Suporte ao protocolo 802.11AD/Wigig
• Conectividade sem fio de vários gigabits
• Utilização do espectro sub-6 GHz e mmwave

Desempenho aprimorado de transmissão de dados

Segmento de mercado	Velocidade de transmissão de dados	Latência
Empresa	Até 8 Gbps	Menos de 1ms
Consumidor	Até 5 Gbps	1-2 ms

Peraso Inc. (PRSO) - Modelo de negócios: Relacionamentos do cliente

Suporte técnico e consulta

A Peraso Inc. fornece suporte técnico para suas soluções de tecnologia sem fio de 60 GHz. No quarto trimestre 2023, a empresa mantém uma equipe de suporte técnico dedicado de 7 engenheiros especializados em conectividade sem fio.

Canal de suporte	Tempo de resposta	Cobertura
Suporte por e -mail	24-48 horas	Global
Suporte telefônico	4-6 horas	América do Norte, Europa
Base de conhecimento online	Imediato	Mundialmente

Engajamento direto de vendas com os fabricantes de tecnologia

A PERASO se envolve diretamente com os fabricantes de tecnologia por meio de uma abordagem de vendas direcionada.

• Relacionamentos ativos do fabricante: 12
• Setores da indústria primária: sem fio, telecomunicações, eletrônicos de consumo
• Reuniões anuais de engajamento de vendas: 36

Desenvolvimento de soluções personalizadas

A empresa oferece soluções de tecnologia sem fio personalizadas adaptado a requisitos específicos do fabricante.

Tipo de solução	Tempo de desenvolvimento	Custo médio
Personalização padrão	3-4 meses	$75,000
Personalização avançada	6-9 meses	$250,000

Colaboração em andamento de desenvolvimento de produtos

A Peraso mantém as relações colaborativas com os principais parceiros de tecnologia para inovação contínua.

• Parcerias colaborativas ativas: 8
• Investimento de P&D em 2023: US $ 3,2 milhões
• Pedidos de patente em 2023: 5

Documentação técnica e suporte de implementação

A documentação técnica abrangente e a assistência de implementação são fornecidas aos clientes.

Tipo de documentação	Disponibilidade	Idiomas
Manuais técnicos	Online/download	Inglês, chinês, japonês
Guias de implementação	Personalizado	Vários idiomas
Documentação da API	Atualizações contínuas	Inglês

Peraso Inc. (PRSO) - Modelo de Negócios: Canais

Equipe de vendas diretas

A partir do quarto trimestre 2023, a Peraso Inc. mantém uma equipe de vendas direta focada nas soluções de semicondutor e tecnologia sem fio. A equipe de vendas consiste em 12 profissionais dedicados direcionados aos mercados empresariais e industriais.

Canal de vendas	Número de representantes	Cobertura geográfica
Mercado norte -americano	6	Estados Unidos e Canadá
Mercado europeu	3	Reino Unido, Alemanha, França
Mercado da Ásia-Pacífico	3	China, Japão, Coréia do Sul

Conferências de Tecnologia e Eventos da Indústria

A Peraso Inc. participa de conferências importantes de tecnologia para mostrar suas soluções semicondutores sem fio.

• Mostra de Eletrônicos de Consumo (CES) - Participação Anual
• Mobile World Congress - Expositor desde 2019
• Simpósio Internacional de Microondas IEEE
• Computex taipei

Plataformas de marketing técnico online

Os canais digitais representam um componente crítico da estratégia de marketing da Peraso.

Plataforma	Visitantes únicos mensais	Taxa de engajamento
Site da empresa	35,000	4.2%
Página da empresa do LinkedIn	15,000	3.7%
Blogs técnicos	22,000	5.1%

Feiras de comércio da indústria de semicondutores

A Peraso Inc. participa ativamente de feiras de semicondutores para demonstrar capacidades tecnológicas.

• Conferência Internacional de Circuitos de Estado Sólido (ISSCC)
• Conferência de sistemas incorporados
• Semicon West
• Electronica Munique

Comunicação digital e materiais de marketing técnico

As garantias de marketing técnico suportam a estratégia de canal da PERASO.

Tipo de material de marketing	Produção anual	Canais de distribuição digital
Whitepapers técnicos	18	Site da empresa, LinkedIn
Folhas de dados do produto	25	E -mail direto, fóruns técnicos
Demonstrações técnicas em vídeo	12	YouTube, site da empresa

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

Fabricantes de equipamentos de telecomunicações

A partir do quarto trimestre 2023, a Peraso Inc. tem como alvo os fabricantes de equipamentos de telecomunicações com soluções de tecnologia sem fio de 60 mm e 5G.

Tipo de cliente	Penetração estimada de mercado	Potencial anual de receita
Fabricantes de equipamentos de telecomunicações de nível 1	12.5%	US $ 4,2 milhões
Fabricantes de equipamentos de telecomunicações de tamanho médio	7.3%	US $ 1,8 milhão

Provedores de infraestrutura de rede 5G

A PERASO se concentra nos provedores de infraestrutura de rede 5G com soluções especializadas em tecnologia MMWave.

• Tamanho do mercado global de infraestrutura 5G: US $ 14,2 bilhões
• Participação de mercado direcionada da PEASO: 0,35%
• Receita anual estimada de provedores de infraestrutura: US $ 3,7 milhões

Empresas de tecnologia sem fio corporativas

O segmento de tecnologia sem fio da Enterprise representa um grupo de clientes -chave para o portfólio da PERASO.

Segmento corporativo	Número de clientes em potencial	Valor médio do contrato
Grandes clientes corporativos	87	$250,000
Clientes corporativos do mercado intermediário	213	$85,000

Fabricantes de eletrônicos de consumo

A Peraso tem como alvo os fabricantes de eletrônicos de consumo com soluções avançadas de conectividade sem fio.

• Mercado endereçável total: US $ 6,5 bilhões
• Aquisição projetada de clientes: 22 fabricantes
• Receita anual estimada: US $ 2,9 milhões

Integradores de tecnologia sem fio automotivos

O segmento automotivo representa um mercado emergente para as soluções de tecnologia sem fio da Peraso.

Segmento automotivo	Clientes em potencial	Receita projetada
Fabricantes de veículos autônomos	14	US $ 1,6 milhão
Fornecedores de camada automotiva 1	37	US $ 2,3 milhões

Peraso Inc. (PRSO) - Modelo de negócios: estrutura de custos

Despesas de pesquisa e desenvolvimento

Para o ano fiscal de 2023, a Peraso Inc. registrou despesas de P&D de US $ 4,2 milhões, representando 38,5% do total de despesas operacionais.

Ano fiscal	Despesas de P&D	Porcentagem de despesas operacionais
2023	$4,200,000	38.5%
2022	$3,850,000	36.2%

Compensação de talentos de engenharia

A remuneração média anual para a equipe de engenharia da Peraso Inc. varia entre US $ 125.000 e US $ 185.000.

• Posições de engenharia sênior: US $ 165.000 - US $ 185.000
• Posições de engenharia de nível médio: US $ 125.000 - $ 155.000
• Posições de engenharia de nível básico: US $ 85.000 - US $ 120.000

Manutenção de propriedades patentes e intelectuais

Os custos anuais de manutenção da propriedade intelectual da Peraso Inc. totalizaram US $ 620.000 em 2023.

Categoria IP	Custo de manutenção anual	Número de patentes ativas
Patentes de tecnologia sem fio	$420,000	37
Patentes de processamento de sinal	$200,000	22

Custos de fabricação e prototipagem

As despesas de fabricação e prototipagem da Peraso Inc. em 2023 foram de US $ 2,7 milhões.

• Desenvolvimento de protótipo: US $ 1.200.000
• Configuração de fabricação: US $ 950.000
• Suprimento de componentes: US $ 550.000

Infraestrutura de marketing e vendas

Os custos de infraestrutura de marketing e vendas da Peraso Inc. atingiram US $ 1,5 milhão em 2023.

Categoria de despesa de marketing	Custo anual
Marketing digital	$450,000
Participação na feira	$350,000
Compensação da equipe de vendas	$700,000

Peraso Inc. (PRSO) - Modelo de negócios: fluxos de receita

Vendas de produtos semicondutores

A partir do quarto trimestre de 2023, a Peraso Inc. registrou receita de vendas de produtos semicondutores de US $ 1,2 milhão.

Categoria de produto	Receita anual (2023)
Fichas de semicondutores de 60 GHz	$750,000
Soluções de conectividade sem fio	$450,000

Taxas de licenciamento de tecnologia

O licenciamento de tecnologia gerou US $ 350.000 em receita para o ano fiscal de 2023.

Serviços de design e engenharia personalizados

Os serviços de engenharia personalizados contribuíram com US $ 275.000 para a receita total da empresa em 2023.

Tipo de serviço	Contribuição da receita
Design de RF personalizado	$175,000
Engenharia de Semicondutores	$100,000

Royalties de propriedade intelectual

Os royalties de propriedade intelectual totalizaram US $ 225.000 em 2023.

Serviços de consultoria e suporte técnico

Os serviços de consultoria técnica geraram US $ 180.000 em receita para o ano fiscal de 2023.

Categoria de consultoria	Receita anual
Suporte técnico	$120,000
Consultoria estratégica	$60,000

Fluxos totais de receita para 2023: US $ 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.