Adesto Technologies Corporation (IOTS) Tops Q3 EPS by 3c

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Go back to Adesto Technologies Corporation (IOTS) Tops Q3 EPS by 3c

Adesto Technologies Reports Third Quarter 2017 Financial Results

November 8, 2017 4:06 PM EST

SANTA CLARA, Calif., Nov. 08, 2017 (GLOBE NEWSWIRE) -- Adesto Technologies Corporation (NASDAQ: IOTS), a leading provider of application-specific, ultra-low power and smart non-volatile memory products, today announced financial results for its third quarter ended September 30, 2017.

Third Quarter Highlights:

Revenue was a record $15.2 million, increasing 36.3% from the third quarter of 2016 and 13.6% from the second quarter of 2017; GAAP gross margin was 49.0%, compared to 48.1% in the prior year quarter and 50.1% last quarter;GAAP operating expenses were $8.3 million, and non-GAAP operating expenses were $6.9 million, a $0.8... More