Adesto Technologies

Adesto Technologies is a leading provider of application-specific, ultra-low power, smart non-volatile memory products. The Company has designed and built a portfolio of innovative products with intelligent features to conserve energy and enhance performance, including Fusion Serial Flash, DataFlash®, EcoXiP™ and products based on its trademark resistive RAM technology called Conductive Bridging RAM. 

Conductive Bridging RAM is a breakthrough Resistive RAM (ReRAM) technology platform that overcomes a critical power barrier for IoT and other energy-conscious devices. Adesto’s Mavriq™ memory, built on ReRAM technology, is adaptable for a broad range of applications–from medical devices and appliances to wearables and smartphones. It enables 10-100 times less energy consumption than today’s leading memory technologies without sacrificing performance and reliability.


Company Growth (employees)
Type
Public
HQ
Sunnyvale, US
Founded
2007
Size (employees)
101 (est)+7%
Adesto Technologies was founded in 2007 and is headquartered in Sunnyvale, US

Key People at Adesto Technologies

Ron Shelton

Ron Shelton

CFO
Gideon Intrater

Gideon Intrater

Chief Technology Officer
Julie Delamarre

Julie Delamarre

Director, EMEA Sales

Adesto Technologies Office Locations

Adesto Technologies has offices in Sunnyvale, Fleet and Shenzhen
Sunnyvale, US (HQ)
1250 Borregas Ave
Fleet, GB
Harvest Cres

Adesto Technologies Data and Metrics

Adesto Technologies Financial Metrics

Adesto Technologies's revenue was reported to be $11.3 m in Q1, 2017
USD

Revenue (Q1, 2017)

11.3 m

Gross profit (Q1, 2017)

5.6 m

Gross profit margin (Q1, 2017), %

49%

Net income (Q1, 2017)

(2.8 m)

EBIT (Q1, 2017)

(2.6 m)

Market capitalization (17-Aug-2017)

106.2 m

Cash (31-Mar-2017)

17.5 m
Adesto Technologies's current market capitalization is $106.2 m.
USDFY, 2015FY, 2016

Revenue

43.3 m44 m

Revenue growth, %

2%

Cost of goods sold

24.8 m22.6 m

Gross profit

18.5 m21.4 m

Gross profit Margin, %

43%49%

Sales and marketing expense

8.3 m11 m

R&D expense

12.8 m15.9 m

General and administrative expense

4 m6.7 m

Operating expense total

25.1 m31.7 m

EBIT

(6.6 m)(10.3 m)

EBIT margin, %

(15%)(23%)

Interest expense

(1.1 m)(1.3 m)

Income tax expense

(61 k)(16 k)

Net Income

(8.4 m)(11.6 m)
USDQ3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Revenue

11.1 m10.2 m10.3 m11.2 m11.3 m

Cost of goods sold

6.1 m5.2 m5.5 m5.8 m5.8 m

Gross profit

5 m5 m4.7 m5.4 m5.6 m

Gross profit Margin, %

45%49%46%48%49%

Sales and marketing expense

2.1 m2.6 m2.8 m2.9 m2.6 m

R&D expense

3.2 m3.9 m4.2 m4.4 m3.4 m

General and administrative expense

919 k1.7 m1.7 m1.6 m2.1 m

Operating expense total

6.3 m8.2 m8.7 m8.8 m8.1 m

EBIT

(1.2 m)(1.3 m)(4 m)(3.5 m)(2.6 m)

EBIT margin, %

(11%)(13%)(39%)(31%)(23%)

Interest expense

(336 k)(258 k)(224 k)(576 k)(213 k)

Pre tax profit

(1.1 m)(1.5 m)(4.3 m)(4.1 m)(2.7 m)

Income tax expense

5 k14 k17 k15 k27 k

Net Income

(1.5 m)(4.3 m)(4.1 m)(2.8 m)
USDFY, 2015FY, 2016

Cash

23.1 m19.7 m

Accounts Receivable

6.5 m6.1 m

Inventories

7.4 m5.2 m

Current Assets

39.3 m31.6 m

PP&E

909 k6 m

Goodwill

22 k22 k

Total Assets

49.9 m46.2 m

Accounts Payable

9.7 m5.2 m

Total Debt

1.8 m

Current Liabilities

17.6 m15.4 m

Total Liabilities

29.8 m

Additional Paid-in Capital

107.2 m110.7 m

Retained Earnings

(82.5 m)(94.2 m)

Total Equity

24.5 m16.4 m

Debt to Equity Ratio

0.1 x

Debt to Assets Ratio

0 x

Financial Leverage

2 x2.8 x
USDQ3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Cash

5.3 m19.2 m14.1 m21.4 m17.5 m

Accounts Receivable

4.5 m5.4 m5.9 m5 m6.1 m

Inventories

7 m8.6 m9.1 m7.9 m4.3 m

Current Assets

19.9 m35.4 m31.6 m35.9 m28.6 m

PP&E

987 k1 m3.6 m6.2 m6.5 m

Goodwill

22 k22 k22 k22 k22 k

Total Assets

32.6 m45.8 m44.4 m51 m43.5 m

Accounts Payable

9.5 m7 m9.9 m7.8 m5.6 m

Current Liabilities

18.3 m15.7 m19.2 m17.4 m16.1 m

Additional Paid-in Capital

4.1 m108 m108.8 m109.9 m111.8 m

Retained Earnings

(79.3 m)(84.1 m)(88.4 m)(92.4 m)(96.9 m)

Total Equity

(75.3 m)23.7 m20.3 m17.3 m14.7 m

Financial Leverage

-0.4 x1.9 x2.2 x3 x3 x
USDFY, 2015FY, 2016

Net Income

(8.4 m)(11.6 m)

Depreciation and Amortization

1.5 m987 k

Accounts Receivable

(4.5 m)425 k

Inventories

85 k2.2 m

Accounts Payable

1.9 m(3.6 m)

Cash From Operating Activities

17.1 m(5 m)

Purchases of PP&E

(559 k)(2.5 m)

Cash From Investing Activities

(559 k)(2.5 m)

Cash From Financing Activities

25.1 m4.2 m
USDQ3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Net Income

(1.5 m)(4.3 m)(4.1 m)(2.8 m)

Accounts Receivable

4.5 m5.4 m5.9 m5 m6.1 m

Inventories

7 m8.6 m9.1 m7.9 m4.3 m

Accounts Payable

9.5 m7 m9.9 m7.8 m5.6 m
USDY, 2017

Revenue/Employee

119 k

Financial Leverage

3 x

Adesto Technologies Market Value History

Traffic Overview of Adesto Technologies

Adesto Technologies Online and Social Media Presence

Adesto Technologies Company Life and Culture

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