Adesto Technologies Corp. (IOTS) Reports Q2 Loss of $0.21
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Adesto Technologies Announces Second Quarter Financial Results
August 9, 2016 9:04 AM EDTSUNNYVALE, Calif., Aug. 09, 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 second quarter ended June 30, 2016.
Second Quarter and Recent Highlights:
Revenue was $10.3 million, compared to $10.2 million in the first quarter 2016 and $10.6 million in the second quarter 2015;GAAP gross margin was 46.0%, compared to 49.1% in the first quarter of 2016 and 39.6% in the second quarter of 2015;Secured 59 new design wins across the industrial, consumer, communications and... More