Adesto Technologies

In 2007, the founders of Adesto Technologies set out to build a new company focused on developing innovative, low-power memory solutions based on a promising type of Resistive RAM technology called Conductive Bridging RAM (CBRAM). CBRAM is different from other emerging memories in that it can be customized to serve a wide range of applications. As a standalone memory, commercial CBRAM products have inherent advantages over competitive non-volatile memories. Its advantages include ultra low-energy consumption and ultra-fast write capabilities, making it a natural fit for Internet of Things, Wearables, and other energy-conscious applications. In addition, Adesto has licensed its technology as an embedded memory to several large SOC (System on Chip) Semiconductor companies and thus enabled them to develop a future roadmap without limitations. Unlike other memory technologies, CBRAM is completely CMOS compatible and through optimizations of the memory cell, its architecture, and the manufacturing process it can be shown to be extremely versatile in the way it operates. Adesto released its first CBRAM-based memory devices in 2012 and now offers commerical CBRAM-serial memory product selections, targeting the $5B non-volatile EEPROM and NOR Flash markets. In September 2012, Adesto expanded the company’s value-added memory business by acquiring Atmel’s DataFlash and Serial Flash product lines. Since the acquisition, Adesto has enhanced its Serial Flash lines by bringing to market new, low voltage, feature-rich products. These products deliver to customers high quality Serial Flash solutions which help designers to extend battery life, reduce system power, and reduce overall system costs.
Type
Public
HQ
Sunnyvale, US
Founded
2007
Size (employees)
95 (est)
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 $44 m in FY, 2016 which is a 2% increase from the previous period.
$, USD

Revenue (FY, 2016)

44 m

Revenue growth (FY, 2015 - FY, 2016), %

2%

Gross profit (FY, 2016)

21.4 m

Gross profit margin (FY, 2016), %

49%

Net income (FY, 2016)

(11.6 m)

EBIT (FY, 2016)

(10.3 m)

Market capitalization (23-Jun-2017)

71.3 m

Closing share price (23-Jun-2017)

4.8

Cash (31-Dec-2016)

19.7 m
Adesto Technologies's current market capitalization is $71.3 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)
$, 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

Current Liabilities

17.6 m15.4 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

Financial Leverage

2 x2.8 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
Y, 2016

Financial Leverage

2.8 x

Adesto Technologies Market Value History

Adesto Technologies Online and Social Media Presence

Adesto Technologies Company Life and Culture

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