Adesto Technologies Announces First Quarter 2017 Financial Results
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Adesto Technologies (IOTS) PT Raised to $7 at Needham & Company Following 1Q
May 11, 2017 10:23 AM EDTNeedham & Company raised its price target on Adesto Technologies (NASDAQ: IOTS) to $7.00 (from $6.50) while maintaining a Strong Buy rating. Adesto posted $11.3 million in revenue for the 1Q, in line with the consensus estimate of $11.2M. Non-GAAP EPS came in at (-$0.10).
Adesto guided to... More
Adesto Technologies Corporation (IOTS) Tops Q1 EPS by 3c
May 10, 2017 4:26 PM EDTAdesto Technologies Corporation (NASDAQ: IOTS) reported Q1 EPS of ($0.10), $0.03 better than the analyst estimate of ($0.13). Revenue for the quarter came in at $11.3 million versus the consensus estimate of $11.21 million.
Revenue of $11.3 million increased 11.1% year-over-year and seasonally declined 8.3% from prior quarter;GAAP gross margin was 49.1%, compared to 49.1% in the first quarter of 2016 and 50.6% in the fourth quarter of 2016;GAAP operating expenses were $8.1 million and non-GAAP operating expenses were $7.0 million; andAdjusted EBITDA was... More