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Peraso Inc. (NASDAQ:PRSO) announced Tuesday the delivery of an initial limited production shipment of its proprietary 60GHz modules to iNTACT, an Israeli defense contractor. The company, with a market capitalization of just $11.91 million, maintains a solid balance sheet with more cash than debt despite posting a negative EBITDA of $4.72 million over the last twelve months. The modules are optimized for military Identification Friend or Foe (IFF) applications, including deployment for infantry and drones, according to a statement released by the company.
The shipment demonstrates Peraso’s production capability for these modules, which integrate both hardware and specialized software designed to implement the IFF protocol. The company stated that the solution includes power reduction algorithms intended for use in battery-operated devices.
Peraso noted that there is no assurance iNTACT will place additional orders or that further modules will be produced for IFF systems.
This information is based on a statement included in a Form 8-K filing with the U.S. Securities and Exchange Commission.
In other recent news, Peraso Inc. has adjusted its revenue expectations for the first quarter of 2026, now projecting total revenues to be between $0.9 million and $1.0 million. This revised estimate is lower than the previous forecast of approximately $1.2 million announced during a March conference call. Additionally, Peraso has delivered an initial shipment of its 60GHz modules to the Israeli defense contractor InTACT. These modules are intended for use in military Identification Friend or Foe applications, combining Peraso’s hardware with InTACT’s software protocols. While the company has seen a decline in overall revenue, its millimeter wave product line has shown significant growth. This development aligns with Peraso’s strategic focus on expanding this segment. Despite the revenue decline, the company’s recent earnings call highlighted investor optimism, particularly regarding its strategic direction.
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