Peraso (NASDAQ:PRSO) Issues Earnings Results

Peraso (NASDAQ:PRSO) announced its quarterly earnings data on Wednesday. The company reported ($0.19) EPS for the quarter, missing analysts’ consensus estimates of ($0.17) by ($0.02), Zacks reports. Peraso had a negative net margin of 142.26% and a negative return on equity of 374.33%.

Peraso Stock Performance

NASDAQ:PRSO traded up $0.03 during mid-day trading on Wednesday, hitting $0.83. The stock had a trading volume of 280,268 shares, compared to its average volume of 388,203. Peraso has a twelve month low of $0.68 and a twelve month high of $2.34. The stock has a market cap of $2.92 million, a price-to-earnings ratio of -0.05 and a beta of 1.62. The company’s 50 day simple moving average is $0.90 and its 200 day simple moving average is $1.14.

About Peraso

Peraso Inc, a fabless semiconductor company, develops, markets, and sells semiconductor devices and modules. The company's products include millimeter wavelength (mmWave) ICs, including baseband IC, various mmWave radio frequency, integrated circuits, as well as associated antenna technology; and mmWave antenna modules.