Adesto Technologies Reports Third Quarter 2017 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., Nov. 08, 2017 (GLOBE NEWSWIRE) -- Adesto Technologies Corporation (NASDAQ:IOTS), a leading provider of application-specific, ultra-low power and smart non-volatile memory products, today announced financial results for its third quarter ended September 30, 2017. Third Quarter Highlights: Revenue was a record $15.2 million, increasing 36.3% from the third quarter of 2016 and 13.6% from the second quarter of 2017; GAAP gross margin was 49.0%, compared to 48.1% in the prior year quarter and 50.1% last quarter;GAAP operating expenses were $8.3 million, and non-GAAP operating expenses were $6.9 million, a $0.8 million decrease year-over-year;Adjusted EBITDA was a positive $0.9 million, compared to a positive $0.1 million in the prior quarter and a loss of $2.0 million in the third quarter of 2016.GAAP net loss was $1.0 million, or ($0.05) per share, and non-GAAP net income was $0.4 million, or $0.02 per diluted share; andEnded the quarter with $30.5 million of
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