Adesto Technologies (IOTS) Tops Q4 EPS by 3c; Issues Light Q1 Revenue Outlook

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Go back to Adesto Technologies (IOTS) Tops Q4 EPS by 3c; Issues Light Q1 Revenue Outlook

Adesto Technologies Announces Fourth Quarter and Full Year 2015 Financial Results

February 11, 2016 8:01 AM EST

SUNNYVALE, Calif., Feb. 11, 2016 (GLOBE NEWSWIRE) -- Adesto Technologies Corporation (NASDAQ: IOTS), a leading provider of application-specific, feature-rich, ultra-low power non-volatile memory products, today announced financial results for the fourth quarter and full year ended December 31, 2015.

Fourth Quarter and Recent Highlights:

Revenue increased 14.1% year-over-year and 6.1% sequentially to $11.8 million;Gross margin was 45.6%, compared to 40.5% in the fourth quarter of 2014 and 45.2% in the third quarter of 2015;Adjusted EBITDA for the fourth quarter of 2015 was a loss of $494,000, compared to a loss of $442,000 in the fourth... More