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Robotaxis to drones: 60GHz bets lift Peraso’s 2025 mmWave sales 6x
Peraso (NASDAQ: PRSO) reported its fourth-quarter and full-year 2025 results, highlighting a six-fold increase in full-year mmWave product revenue against a slight decline in overall net revenue. Despite the overall revenue decrease to $12.2M from $14.6M in 2024, the company saw an improved GAAP gross margin of 58.0% and a narrowed GAAP net loss of $4.8M. The growth in mmWave sales was driven by design wins in fixed wireless and tactical communications, including applications in robotaxis and drones, alongside significant reductions in operating expenses.