Adesto Technologies Corp (IOTS) Releases Earnings Results, Misses Expectations By $-0.02 EPS

Adesto Technologies Corp (IOTS) reported quarterly earnings results on Tuesday, Aug-9-2016. The company reported $-0.21 earnings per share for the quarter, missing the analyst consensus estimate by $-0.02. Analysts had a consensus of $-0.19. The company posted revenue of $10.30 million in the period, compared to analysts expectations of $10.20 million. The company’s revenue was up 1.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.15 EPS.

In a different news, on May 11, 2016, Ron Shelton (CFO) purchased 25,000 shares at $3.54 per share price.

Adesto Technologies Corporation is a provider of application-specific non-volatile memory (NVM) products. The Company optimizes its NVM products for Internet of Things (IoT) applications including Internet-connected devices in the consumer electronics industrial medical and wearables markets. The Company’s NVM product families include DataFlash Fusion Flash and Mavriq. The Company’s products offer different feature sets and architectures and are organized into three product families based on two silicon technology platforms: floating gate and Conductive Bridging Random Access Memory (CBRAM). The Company sells its products directly to original equipment manufacturers (OEMs) and original design manufacturers (ODMs) that manufacture products for its end customers.

Adesto Technologies Corp

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