Adesto Technologies Corporation (IOTS) Misses Q3 EPS by 1c

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Go back to Adesto Technologies Corporation (IOTS) Misses Q3 EPS by 1c

Adesto Technologies Announces Third Quarter Financial Results

October 27, 2016 4:05 PM EDT

SANTA CLARA, Calif., Oct. 27, 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 third quarter ended September 30, 2016.

Third Quarter Highlights:

Revenue was $11.2 million, compared to $10.3 million in the second quarter 2016 and $11.1 million in the third quarter 2015;GAAP gross margin was 48.1%, compared to 46.0% in the second quarter of 2016 and 45.2% in the third quarter of 2015;Secured a record 65 design wins across the industrial, consumer, communications and automotive markets... More