Adesto's Acquisitions Will Propel The Company Forward [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
Summary Adesto Technologies ( IOTS ), the specialist fabless memory maker, experienced a bit of a fall from grace: However, underneath, things aren't quite as bad as that fall might indicate, and we think the shares offer an opportunity here. Q2 delivered $18.2M in revenues (+30%), but roughly $2M of that was from the acquired S3 Semiconductors which closed about halfway through the quarter. So Q2 revenues ex S3 were $16.2M, which are still $2.8M (21%) over the $13.4M of Q2 2017. The company is growing at a nice clip, at least in revenues. There were two small headwinds: Smart home demand is ramping a little slower, affecting DataFlash-L memory. Gross margin declined as a result of a land-and-expand strategy with Tier-1 industrial customers (see below). Both are temporary and set to clear during Q3, according to management. The latest investor presentation (September 2018) has a nice overview of how the company fits into the IoT markets:
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