Adesto Technologies (IOTS)

[77Port]

Great quarter results, too: Thursday 8 August 2019.

Second Quarter 2019 Financial Results

Adesto Technologies Corporation (NASDAQ: IOTS) .... financial results for its second quarter ended June 30, 2019.

Revenue increased 7.3% sequentially and 65.8% year-over-year to $30.2 million
GAAP gross margin was 47.9% and non-GAAP gross margin was 48.1%
GAAP operating expenses were $17.4 million and non-GAAP operating expenses were $14.3 million—better than guidance
Adjusted EBITDA was a positive $0.9 million, representing the 9th consecutive quarter of positive adjusted EBITDA
Generated positive free cash flow
Announced the appointment of two highly experienced industrial executives to its board of directors
Commenting on the quarter, Narbeh Derhacobian, Adesto’s President and CEO, stated, “We posted another solid quarter with record revenue as our first-half revenue grew almost 75% over the same period in 2018. All of our divisions posted year-over-year growth in the second quarter.