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Edge15 May 2026
TOMRA: Closing the Loop
The story of TOMRA: from reverse vending machine pioneer to global technology for deposit systems, recycling, and resource optimization.
Peraso
Peraso (PRSO) investor relations material
Peraso Q1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q1 2026 earnings summary11 May, 2026
Executive summary
Q1 2026 revenue declined due to delayed shipments from supplier material shortages, with the issue now resolved and steps taken to diversify suppliers.
Active customer engagement continued across all target markets, with new opportunities and wins in 60 GHz technology for tactical communications, Edge AI, and industrial automation, including MikroTik's nRay launch and InTACT's adoption for drone IFF systems.
Memory IC product line discontinued due to foundry process termination; minimal revenue expected from memory products going forward.
Ongoing strategic review process, including evaluation of acquisition proposals from Mobix Labs.
Focus remains on securing new purchase orders and converting customer engagements into design wins for future growth.
Financial highlights
Q1 2026 net revenue was $1 million, down from $2.9 million in Q4 2025 and $3.9 million in Q1 2025.
Product revenue was $0.7 million, compared to $2.8 million in the prior quarter and $3.8 million a year ago.
mmWave product revenue was $0.6 million, down from $2.4 million in Q4 2025 and $1.5 million in Q1 2025.
Gross margin was 61.5%, up sequentially from 52.2% but down from 69.3% year-over-year.
GAAP net loss was $2.5 million ($0.22/share), compared to $1.2 million ($0.13/share) in Q4 2025 and $0.5 million ($0.08/share) in Q1 2025.
Non-GAAP net loss was $2.3 million ($0.20/share).
Adjusted EBITDA was -$2.3 million, compared to -$1.1 million in Q4 2025 and -$0.3 million in Q1 2025.
Cash and cash equivalents at quarter end were $2.7 million.
Outlook and guidance
Q2 2026 net revenue is expected to be approximately $1.2 million.
Gross margin is expected to decrease in Q2 as revenue mix shifts back toward product sales.
Expects continued operating losses and negative cash flow through at least Q4 2026; additional capital will be needed thereafter.
Focus remains on mmWave product commercialization and securing new purchase orders for renewed growth.
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Latest events from Peraso
- Dominates mmWave wireless chips, targeting military and AI markets with strong growth plans.PRSO
Second Annual Centri Capital Conference14 Apr 2026 - Dominates 60 GHz wireless, expanding into military and AI, with growth reliant on new applications.PRSOInvestor Summit Virtual Conference25 Mar 2026
- Leader in 60 GHz mmWave, driving FWA and tactical markets, with strong growth and innovation.PRSOCorporate presentation25 Mar 2026
- mmWave revenue surged in 2025, but Q1 2026 faces a temporary setback from shipment delays.PRSOQ4 202517 Mar 2026
- Dominant in millimeter wave wireless, driving growth in fixed wireless and military markets.PRSO17th Annual LD Micro Main Event Conference3 Feb 2026
- Q2 revenue up 70% YoY to $4.2M, gross margin 55.5%, but liquidity risks remain.PRSOQ2 20241 Feb 2026
- Q3 revenue $3.8M, net loss $2.7M, memory IC exit, new mmWave wins, and ongoing liquidity risks.PRSOQ3 202414 Jan 2026
- Q4 revenue doubled with improved margins and strong mmWave demand for 2025.PRSOQ4 202426 Dec 2025
- Shelf registration amendment includes a going concern warning and updated auditor consent.PRSORegistration Filing16 Dec 2025
Next Peraso earnings date
Q2 202610 Aug, 2026
Peraso
Next Peraso earnings date
Q2 202610 Aug, 2026
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