Peraso Inc. · NASDAQ:PRSO
Peraso — IPO Roadshow (January 2024)
31 slides from Peraso's IPO roadshow presentation, Jan 23, 2024
Slide 1: Peraso Inc. January 2024 Free Writing Prospectus
NASDAQ:PRSO JANUARY 2024 1 Copyright © 2024 Peraso Inc. Filed Pursuant to Rule 433 of the Securities Act of 1933 Issuer Free Writing Prospectus dated January 23, 2024 Registration Statement No. 333 - 276247
Slide 2: Disclaimer
DISCLAIMER This presentation is for information purposes only . 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 makes no representation or warrant with respect to the acc
Slide 3: Free Writing Prospectus
FREE WRITING PROSPECTUS This presentation highlights basic information about the Company and the offering . Because it is a summary that has been prepared solely for informational purposes, it does not contain all of the information that you should consider before investing in our Company . Except a
Slide 4: Free Writing Prospectus (cont'd)
FREE WRITING PROSPECTUS (CONT’D..) We have filed a registration statement on Form S - 1 (File No . 333 - 276427 ) with the SEC, including a preliminary prospectus dated January 23 , 2024 (the “Preliminary Prospectus”), with respect to the offering of our securities to which this communication relate
Slide 5: Risk Factors
RISK FACTORS Investing in our securities includes a high degree of risk . Prior to making a decision about investing in our securities, you should consider carefully the specific risk factors discussed below, together with all other information contained in the Preliminary Prospectus and the documen
Slide 6: Risk Factors (cont'd)
RISK FACTORS (cont’d..) • Our revenue has been highly concentrated among a small number of customers, and our results of operations could be harmed if we lose a key revenue source and fail to replace it . • Our revenue concentration may also pose credit risks which could negatively affect our cash f
Slide 7: Company Overview
Copyright © 2024 Peraso Inc. 7 ▪ 12 years of pioneering experience in mmWave RFIC, mmWave baseband IC, Module and Antenna design ▪ Field Proven, high - performance, mmWave phased array - Advanced Beamforming ▪ Fully integrated solutions; mmWave antennas, RF phased array transceivers, software, on -
Slide 8: What is mmWave?
8 What is mmWave? Copyright © 2024 Peraso Inc. A very high frequency band, typically from 24GHz to 300Ghz • mmWave can carry more data, transmit data much more quickly and is less likely to be blocked by obstacles than traditional cellular frequencies High Band 5G Fixed Wireless Access, Military and
Slide 9: Peraso's mmWave Solutions
9 Expand broadband availability in the U.S. FWA market. Address high density, low - income populations which are saturated and highly congested Peraso’s mmWave Solutions Copyright © 2024 Peraso Inc. Provide high - speed, portable and “stealth” communication solutions for military applications Provid
Slide 10: Peraso's Complete 60GHz mmWave Solution with Integrated Antenna
10 mmWave Antenna Software Stack PCB/BOM Design System Design Production Test Peraso’s Complete 60GHz mmWave Solution with Integrated Antenna mmWave RF Circuits mmWave Baseband Vertical integration offers competitive cost structure, reduced time - to - market Copyright © 2024 Peraso Inc.
Slide 11: Positioning to be Leading Supplier of mmWave Silicon
Positioning to be Leading Supplier of mmWave Silicon Copyright © 2023 Peraso Inc. 11 6G mmWave – THz frequencies utilize common design principles required for mmWave WiFi 8 (IEEE 802.11bn) – IEEE contemplating 60 GHz WiFi to support ultra - high data rates for AR/VR – ‘In - room’ characteristic of 6
Slide 12: mmWave Fixed Wireless Access (FWA)
mmWave Fixed Wireless Access (FWA) 12 Copyright © 2022 Peraso Inc.
Slide 13: mmWave Fixed Wireless Access Opportunity
13 mmWave Fixed Wireless Access (“FWA”) Opportunity Copyright © 2024 Peraso Inc. • Remote and low - income regions are under - served by incumbent networks • Expansion or upgrade of cable and fiber networks is disruptive and cost prohibitive • Consumers dissatisfied with monopolistic service provide
Slide 14: FWA Capturing +90% of Subscriber Net Adds in U.S.
FWA Capturing +90% of Subscriber Net Adds in U.S. 14 Global Carriers Utilizing mmWave Technology FWA ‘Net Adds’ by Top Broadband Providers in U.S. (2) Copyright © 2024 Peraso Inc. FWA emerging battleground for broadband providers • C - band + mmWave = potential to exceed gigabit connectivity • mmWav
Slide 15: Wireless ISPs Experiencing High Growth
6.9M wireless ISP (WISP) subscribers in U.S. at end of 2020 • Expected to grow to 12.7M subscribers by 2025 • Source : The 2021 Fixed - Wireless and Hybrid ISP Industry Report by the Carmel Group U.S. government providing significant support for universal broadband access • BEAD: $42B (1) to expand
Slide 16: Established Leader in mmWave FWA Silicon
Established Leader in mmWave FWA Silicon The PERSPECTUS antenna module product family for FWA solidified Peraso as a premier supplier of mmWave silicon to wireless internet service provider (“WISP”) ecosystem • Support of Point - to - Multipoint (PtMP) significantly increased Peraso’s TAM (vs PtP) •
Slide 17: Current FWA Customers
Copyright © 2024 Peraso Inc. 17 NYSE:UI Current FWA Customers ▪ Have been sole source supplier for Ubiquiti’s “Wave” products introduced in 2022 ▪ 3 new Wave models introduced in 2023 ▪ Sole source supplier for WeLink - designed equipment used to deliver WISP residential service since 2022 ▪ WeLink
Slide 18: Leveraging FWA Success to Dense Urban Environments
In September 2023, we announced our new mmWave module designed for dense urban areas. Peraso PRM2144X | PERSPECTUS series mmWave module • Specifically designed for dense urban areas • 128 element, integrated, phased array antenna • Low - cost implementation, high - power efficiency Copyright © 2024
Slide 19: Integrated HW/SW Platform for Dense Urban Network Environment
Peraso’s Integrated HW/SW Platform focused on Dense Urban Network Environment Copyright © 2024 Peraso Inc. 19 DUNE • Network Isolation allows coexistence of overlapping networks • Firmware recognizes and rejects neighboring network traffic interference • Received signal level and time - based detect
Slide 20: Cost Effective Solution for Wide Broadband Access
Copyright © 2024 Peraso Inc. 20 Cost Effective Solution for Wide Broadband Access Wi - Fi Hotspot with 60GHz Backhaul 60GHz Base Station • Hardware incorporates 60GHz backhaul and Wi - Fi hotspot in one unit • Easy install and remote management • Power over ethernet with battery backup Significant u
Slide 21: Military and V/R
Military and V/R 21 Copyright © 2024 Peraso Inc.
Slide 22: 60 GHz Wireless Solution for Defense Market
• Fast, easy set - up • Gigabit capable speeds to all platforms • Last mile and On - the - Move communications • Small, lightweight and power efficient • Inherently Stealthy protocol • Low probability of Interception (LPI)/Low Probability of Detection (LPD)/Anti - jamming(AJ) • Open Standards • Unli
Slide 23: VR Wireless Connectivity Opportunity
VR Wireless Connectivity Opportunity 23 mmWave is an ideal technology to support wireless VR headsets • High data rate (3 Gbps), low latency (< 5ms), low interference • High speed USB cable is a ‘showstopper’ Latest ABI Research report predicts ~6M VR headsets in 2025 • Translates to 2025 TAM of ~$1
Slide 24: 5G
5G 24 Copyright © 2024 Peraso Inc.
Slide 25: 5G Wireless Demand Outpacing Network Capacity
25 Demand Capacity for Data in U.S. Networks Source: Mobile Experts: 5G Business Case April 2023 » Wireless network demand is growing exponentially; video a primary driver » Current cellular networks are quickly saturated – mmWave is future of wireless networks » Early 6G research utilizing mmWave a
Slide 26: mmWave to Address 5G Network Congestion
Believe mmWave will be utilized to address 5G network congestion • U.S. carriers will saturate capacity of networks using existing spectrum by 2025 (1) Introduced world’s most highly integrated 5G mmWave beamformer • Support for frequency band from 24 GHz – 43 GHz • Dual - stream MIMO support with t
Slide 27: Financials & Cap Table
FINANCIALS & CAP TABLE 27 Copyright © 2024 Peraso Inc.
Slide 28: Estimated Preliminary Financial Results
Estimated Preliminary Financial Results 28 • Non - cancelable purchase orders of ~$14.0 million for end - of - life memory IC products. (1) • Shipments of memory IC products expected through at least December 2024 . (1) Certain customers have paid deposits upon purchase order placement. ~$10.3M to b
Slide 29: Capitalization as of January 16, 2024
Capitalization as of January 16, 2024 Common Equivalents Securities 818,944 Common Stock Outstanding (1) 241,876 Warrants (Weighted Avg Exercise Price: $33.21) 35,748 Options (Weighted Avg Exercise Price: $132.80) 15,212 RSUs 1,111,780 Fully Diluted 29 (1) Includes: i) 95,176 exchangeable shares wit
Slide 30: Summary
30 Peraso Inc. • Increase in 5G wireless demand has strained the existing wireless spectrum • Leader in mmWave technology with a clear and defensible competitive advantage • Pure play investment opportunity in the mmWave semiconductor space Delivering High - Speed Wireless SUMMARY Copyright © 2024 P
Slide 31: Thank You
THANK YOU 31 Investor Relations Contact : Shelton Group Leanne K . Sievers | Brett Perry P : 949 - 224 - 3874 | 214 - 272 - 0070 E : sheltonir@sheltongroup . com Peraso Contact : Jim Sullivan Chief Financial Officer P : 408 - 418 - 7582 E : jsullivan@ perasoinc . com Copyright © 2024 Peraso Inc.