Adesto Tech +2.9% on Q1 beats, S3 Semiconductors acquisition [Seeking Alpha]
ADESTO TECHNOLOGIES CORP COMMON (IOTS)
Last adesto technologies corp common earnings: 3/16 05:11 pm
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US:NASDAQ Investor Relations:
ir.adestotech.com/investor-overview
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Source: Seeking Alpha
Adesto Tech +2.9% on Q1 beats, S3 Semiconductors acquisitionAdesto Technologies (NASDAQ:IOTS) reports Q1 EPS and revenue beats with 35% Y/Y revenue growth. Q2 guidance has revenue from $18.1M to $19M and gross margin of 46% to 48%.Revenue guidance includes $1.5M to $2M of expected revenue contribution from the newly announced acquisition of S3 Semiconductors, an ARM design partner, for $35M with an additional earn-out provision based on milestones up to the end of CY19.Adesto says the acquisition is immediately accretive to gross margin and adjusted EBITDA.Earningspress release.Acquisitionpress release.Adesto shares areup 2.9% aftermarket to $8.95.Previously:Adesto Technologies beats by $0.01, beats on revenue (May 9)See all stocks on the move »Now read:Advanced Micro Devices, Inc.: Strong Buy »
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