Adesto Technologies Corporation (IOTS) Tops Q1 EPS by 3c

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Go back to Adesto Technologies Corporation (IOTS) Tops Q1 EPS by 3c

Adesto Technologies Announces First Quarter 2017 Financial Results

May 10, 2017 4:05 PM EDT

SANTA CLARA, Calif., May 10, 2017 (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, 2017.

First Quarter Highlights:

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;... More