Peraso Expects -$0.16 EPS on $3.2M Sales; P/S at 0.48
Peraso Inc. projects Q1 EPS of -$0.16 on $3.2 million revenue, reflecting continued losses but potential growth after a six-fold Q4 2025 revenue surge in mmWave products. With price-to-sales of 0.48, EV/sales of 0.26, debt-to-equity of 0.041 and current ratio of 4.14, the company appears undervalued and stable.
1. Q1 Earnings Outlook
Peraso is set to report Q1 results on March 18, projecting an EPS of -$0.16 and revenue of $3.2 million. This follows a six-fold increase in mmWave product sales in Q4 2025, underscoring momentum in its core 60 GHz market.
2. Valuation Metrics Suggest Undervaluation
The company's price-to-sales ratio stands at 0.48, and its enterprise value-to-sales ratio at 0.26, while its negative P/E of -2.38 reflects current losses. These valuation metrics suggest that Peraso's stock trades at less than half its sales and at a quarter of its sales on an EV basis.
3. Financial Health and Strategic Wins
With a debt-to-equity ratio of 0.041 and a current ratio of 4.14, Peraso has minimal leverage and strong liquidity. Its strategic focus on expanding 60 GHz mmWave technology has yielded multiple fixed wireless market design wins, supported by disciplined expense management and healthy gross margins.