Adesto Technologies Corporation (IOTS) Reports In-Line Q1 EPS; Q2 Revs Guided Below the Street
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Adesto Technologies Announces First Quarter Financial Results
May 5, 2016 7:31 AM EDTSUNNYVALE, Calif., May 05, 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 first quarter ended March 31, 2016.
First Quarter Highlights:
Revenue was $10.2 million, compared to $9.7 million in the first quarter 2015 and $11.8 million in the fourth quarter 2015;Gross margin was 49.1%, compared to 39.8% in the first quarter of 2015 and 45.6% in the fourth quarter of 2015;Secured 29 new design wins across the industrial, consumer and communication markets;Announced agreement with TowerJazz... More