Adesto Technologies Corporation provides application-specific and ultra-low power non-volatile memory products in the United States, the rest of Americas, the European Union, the Asia Pacific, and internationally. It offers standard serial flash products that include DataFlash for data-logging applications, such as industrial automation, home automation sensing, and health and fitness tracking; and Fusion Flash for use in various high-volume consumer applications, such as wearables, mobile, and other applications. The company also provides conductive bridging RAM based products comprising Mavriq for Internet of Things and other applications, which include camera sensors, Bluetooth low energy...
1250 Borregas Avenue
Sunnyvale, CA 94089
Founded in 2006
Adesto Technologies Corporation Presents at 29th Annual ROTH Conference, Mar-14-2017 10:30 AM
Feb 21 17
Adesto Technologies Corporation Presents at 29th Annual ROTH Conference, Mar-14-2017 10:30 AM. Venue: The Ritz Carlton, Laguna Niguel, Dana Point, California, United States. Speakers: Narbeh Derhacobian, Co-Founder, Chief Executive Officer, President and Director, Ronald K. Shelton, Chief Financial Officer and Secretary.
Adesto Technologies Corporation Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2016; Provides Earnings Guidance for the First Quarter of 2017
Feb 14 17
Adesto Technologies Corporation reported unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2016. For the quarter, revenue was $12,330,000 against $11,826,000 a year ago. Loss from operations was $1,546,000 against $1,630,000 a year ago. Loss before benefit from income taxes was $1,784,000 against $3,401,000 a year ago. Net loss was $1,722,000 against $3,264,000 a year ago. Basic and diluted net loss per share was $0.11 against $0.32 a year ago. Non-GAAP loss from operations was $403,000 against $731,000 a year ago. Non-GAAP net loss was $579,000 against $937,000 a year ago. Adjusted EBITDA was $111,000 against $494,000 a year ago. Non-GAAP basic and diluted net loss per share was $0.04 against $0.07 a year ago.
For the year, revenue was $43,968,000 against $43,259,000 a year ago. Loss from operations was $10,303,000 against $6,634,000 a year ago. Loss before benefit from income taxes was $11,628,000 against $8,444,000 a year ago. Net loss was $11,612,000 against $8,383,000 a year ago. Basic and diluted net loss per share was $0.77 against $2.79 a year ago. Non-GAAP loss from operations was $7,687,000 against $4,611,000 a year ago. Non-GAAP net loss was $8,996,000 against $5,454,000 a year ago. Adjusted EBITDA was $6,704,000 against $2,940,000 a year ago. Non-GAAP basic and diluted net loss per share was $0.60 against $0.52 a year ago.
For the first quarter of 2017, the Company expects revenue to range between $11.1 million and $11.3 million. Gross margin is expected to be between 48% and 50%. GAAP operating expenses are expected to range between $8.3 million and $8.5 million, which includes approximately $0.8 million in stock-based compensation and $0.3 million in amortization of acquisition-related intangible assets.
Adesto Technologies Corporation to Report Q4, 2016 Results on Feb 14, 2017
Jan 24 17
Adesto Technologies Corporation announced that they will report Q4, 2016 results at 5:00 PM, Eastern Standard Time on Feb 14, 2017