Fourth Quarter 2025 Earnings Conference Call Copyright © 2025 Peraso Inc. This presentation is for information purposes only and no representation or warranty, express or implied, is made by Peraso Inc. ("Peraso," "we," "us," or "our") or any of its representatives as to the information contained in this presentation. Certain information contained herein has been derived from sources prepared by third parties. While such information is believed to be reliable for the purposes used herein, we make no represe ...

Core Insights - Peraso (PRSO) shares more than doubled after securing a significant defense contract with InTACT for its 60 GHz mmWave technology, aimed at next-generation drone Identification Friend or Foe (IFF) systems [1][4] - Despite the recent surge, PRSO stock is still down over 30% compared to its 52-week high [1] Company Developments - The partnership with InTACT represents a strategic milestone, validating Peraso's millimeter-wave technology for military applications [4] - The demand for advanced drone technology has surged due to the escalating U.S.-Iran conflict, with Peraso's technology enabling highly directional, low-power communication that is difficult for adversaries to intercept [5] - This contract indicates a shift for PRSO from being a pure-play 5G component maker to a critical defense subcontractor, potentially leading to significant Department of Defense spending cycles and multi-year procurement deals [6] Financial Considerations - Despite the positive news, Peraso faces significant challenges as it remains a penny stock, which makes it susceptible to high volatility and potential pump-and-dump schemes [7] - The company is currently losing money, with a negative profit margin of 39% and less than a year of cash runway [7] - Peraso has also doubled its float in 2025, diluting existing shareholders to maintain its listing [7] Market Sentiment - Prior to the InTACT contract, Peraso shares were trading below $1, raising concerns about the risk of a reverse split or further dilution [8] - The relative strength index for PRSO shares is in the early 80s, indicating overbought conditions, yet Wall Street views the shares as undervalued at current levels [9]

Core Insights - Defense tech stocks are experiencing gains as military operations increase investor interest, with notable performances from both large and smaller companies in the sector [3][4]. Group 1: Major Defense Stocks - Lockheed Martin Corporation (NYSE:LMT) is trading at $664.44, up $9.44 or 1.44% [4]. - RTX Corporation (NYSE:RTX) is trading at $206.24, rising $2.38 or 1.17% [4]. - Smaller companies are showing better gains, indicating a shift in investor focus [4]. Group 2: VisionWave Holdings, Inc. - VisionWave Holdings (Nasdaq: VWAV) announced a non-binding Memorandum of Understanding (MOU) with C.M. Composite Materials Ltd. to explore a joint venture for manufacturing aerospace and defense composite components in India [5][7]. - The stock is currently trading at $7.52, up $0.29 or 4.01%, with a day's high of $7.83 on a volume of over 400,000 shares [6]. - The proposed joint venture aims to leverage C.M.'s engineering expertise and the Indian partner's manufacturing capabilities, targeting regional aerospace and defense markets [7]. Group 3: Peraso Inc. - Peraso Inc. (NASDAQ:PRSO) is recognized for its high-performance 60 GHz unlicensed and 5G mmWave wireless technology, currently trading at $1.7900, up $0.9790 or 120.72% [8]. - The stock gained attention due to its technology being selected for a next-gen military drone IFF system by Israeli defense contractor InTACT, highlighting the growing defense applications of its solutions [9].

Shares of Peraso, Inc. (NASDAQ:PRSO) are surging Friday after the company’s 60 GHz mmWave technology was selected for a next-generation drone identification system.Peraso stock is showing exceptional strength. What’s behind PRSO gains?Peraso Selected For Israeli Drone Identification SystemThe drone identification system is for Israeli military applications, a development that could have substantial implications for its market positioning and future revenue streams. This selection by InTACT, an Israeli defen ...