Adesto® Reports Second Quarter 2019 Financial Results
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: GlobeNewswire
SANTA CLARA, Calif., Aug. 06, 2019 (GLOBE NEWSWIRE) -- Adesto Technologies Corporation (NASDAQ: IOTS), a leading provider of innovative application-specific semiconductors and embedded systems for the IoT, today announced financial results for its second quarter ended June 30, 2019. Second Quarter and Recent Highlights: Revenue increased 7.3% sequentially and 65.8% year-over-year to $30.2 millionGAAP gross margin was 47.9% and non-GAAP gross margin was 48.1%GAAP operating expenses were $17.4 million and non-GAAP operating expenses were $14.3 million—better than guidanceAdjusted EBITDA was a positive $0.9 million, representing the 9th consecutive quarter of positive adjusted EBITDAGenerated positive free cash flowAnnounced the appointment of two highly experienced industrial executives to its board of directors Commenting on the quarter, Narbeh Derhacobian, Adesto’s President and CEO, stated, “We posted another solid quarter with record revenue as our first-half revenue grew almos
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