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February 11, 2016 4:51 AM ET

Semiconductors and Semiconductor Equipment

Company Overview of Adesto Technologies Corporation

Company Overview

Adesto Technologies Corporation develops and sells application-specific ultra-low power non-volatile memory products. The company’s non-volatile memory products include DataFlash, Fusion Flash, and Mavriq family products. It offers non-volatile memory products for Internet of things applications including Internet-connected devices in the consumer, industrial, medical, and wearables markets. The company sells its products directly to original equipment manufacturers and original design manufacturers. Adesto Technologies Corporation incorporated in 2006 and is headquartered in Sunnyvale, California.

1250 Borregas Avenue

Sunnyvale, CA 94089

United States

Founded in 2006

92 Employees

Phone:

408-400-0578

Key Executives for Adesto Technologies Corporation

Co-Founder, Chief Executive Officer, President and Director
Age: 52
Total Annual Compensation: $297.4K
Co-Founder and Vice President of Engineering
Age: 47
Total Annual Compensation: $245.8K
Chief Financial Officer
Age: 53
Total Annual Compensation: $272.6K
Compensation as of Fiscal Year 2014.

Adesto Technologies Corporation Key Developments

Adesto Technologies Corporation Presents at 18th Annual Needham Growth Conference, Jan-13-2016 11:20 AM

Adesto Technologies Corporation Presents at 18th Annual Needham Growth Conference, Jan-13-2016 11:20 AM. Venue: Lotte New York Palace Hotel, New York, New York, United States. Speakers: Narbeh Derhacobian, Co-Founder, Chief Executive Officer, President and Director, Ronald K. Shelton, Chief Financial Officer.

Adesto Technologies Corporation Presents at ROTH Technology Corporate Access Day, Nov-18-2015

Adesto Technologies Corporation Presents at ROTH Technology Corporate Access Day, Nov-18-2015 . Venue: Park Hyatt New York, 153 W 57th St, New York, NY 10019, United States.

Adesto Technologies Corporation Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2015; Provides Earnings Guidance for the Fourth Quarter of 2015

Adesto Technologies Corporation announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2015. For the quarter, the company reported revenue of $11,143,000 against $10,034,000 a year ago. Loss from operations was $1,229,000 against $2,129,000 a year ago. Loss before provision for income taxes was $1,071,000 against $2,356,000 a year ago. Net loss attributable to common stockholders was $1,076,000 or $1.90 basic and diluted per share against $2,371,000 or $4.40 basic and diluted per share a year ago. Non-GAAP net loss was $682,000 or $0.07 diluted per share against $1,935,000 or $0.20 diluted per share a year ago. Adjusted EBITDA was $5,000 against adjusted LBITDA of $1,240,000 a year ago. The increase in revenue was due to broad-based strength across its end markets. For the nine months, the company reported revenue of $31,433,000 against $31,096,000 a year ago. Loss from operations was $5,004,000 against $6,823,000 a year ago. Loss before provision for income taxes was $5,043,000 against $7,429,000 a year ago. Net loss attributable to common stockholders was $5,119,000 or $9.11 basic and diluted per share against $7,554,000 or $14.01 basic and diluted per share a year ago. Non-GAAP net loss was $3,995,000 or $0.41 diluted per share against $6,423,000 or $0.67 diluted per share a year ago. Adjusted LBITDA was $1,924,000 against $4,323,000 a year ago. The company provided earnings guidance for the fourth quarter of 2015. For the quarter, the company expects revenue to range between $11.7 million and $12.0 million. Gross margin is expected to be between 43% and 45%, and operating expenses are expected to range between $6.3 million and $6.7 million.

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