Adesto Technologies (IOTS) Financials

$187.7 M

Mkt cap, 23-May-2018

$15.3 M

Revenue Q1, 2018
Gross profit (Q1, 2018)7.2 M
Gross profit margin (Q1, 2018), %46.9%
Net income (Q1, 2018)-1.1 M
EBIT (Q1, 2018)-950 K
Cash, 31-Mar-201829.5 M
EV159.7 M

Revenue/Financials

Income Statement

Annual

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 m33.6 m

EBIT

(6.6 m)(10.3 m)

EBIT margin, %

(15%)(23%)

Interest expense

1.1 m1.3 m

Income tax expense

(61 k)(16 k)

Net Income

(8.4 m)(11.6 m)

Quarterly

USDQ3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q1, 2018

Revenue

11.1 m10.2 m10.3 m11.2 m11.3 m13.4 m15.3 m

Cost of goods sold

6.1 m5.2 m5.5 m5.8 m5.8 m6.7 m8.1 m

Gross profit

5 m5 m4.7 m5.4 m5.6 m6.7 m7.2 m

Gross profit Margin, %

45%49%46%48%49%50%47%

Sales and marketing expense

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

R&D expense

3.2 m3.9 m4.2 m4.4 m3.4 m3.7 m3.7 m

General and administrative expense

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

Operating expense total

6.3 m6.3 m8.7 m8.8 m8.1 m8.3 m8.1 m

EBIT

(1.2 m)(1.3 m)(4 m)(3.5 m)(2.6 m)(1.5 m)(950 k)

EBIT margin, %

(11%)(13%)(39%)(31%)(23%)(11%)(6%)

Interest expense

336 k258 k224 k576 k213 k198 k141 k

Pre tax profit

(1.1 m)(1.5 m)(4.3 m)(4.1 m)(2.7 m)(1.7 m)(1.1 m)

Income tax expense

5 k14 k17 k15 k27 k13 k21 k

Net Income

(1.5 m)(4.3 m)(4.1 m)(2.8 m)(1.8 m)(1.1 m)

Balance Sheet

Annual

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

Long-term debt

1.8 m

Total Debt

1.8 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

Quarterly

USDQ3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q1, 2018

Cash

5.3 m19.2 m14.1 m21.4 m17.5 m31.9 m29.5 m

Accounts Receivable

4.5 m5.4 m5.9 m5 m6.1 m9.1 m12.2 m

Inventories

7 m8.6 m9.1 m7.9 m4.3 m4.4 m7.6 m

Current Assets

19.9 m35.4 m31.6 m35.9 m28.6 m45.9 m50.5 m

PP&E

987 k1 m3.6 m6.2 m6.5 m6.3 m7.6 m

Goodwill

22 k22 k22 k22 k22 k22 k22 k

Total Assets

32.6 m45.8 m44.4 m51 m43.5 m60.4 m66 m

Accounts Payable

9.5 m7 m9.9 m7.8 m5.6 m6.2 m7.8 m

Short-term debt

1.5 m

Current Liabilities

18.3 m15.7 m19.2 m17.4 m16.1 m17 m21.1 m

Long-term debt

2 m1.9 m2 m

Total Debt

2 m1.9 m2 m1.5 m

Total Liabilities

29.5 m22.1 m24.1 m33.7 m28.9 m28.1 m33.4 m

Additional Paid-in Capital

4.1 m108 m108.8 m109.9 m111.8 m131.2 m133.8 m

Retained Earnings

(79.3 m)(84.1 m)(88.4 m)(92.4 m)(96.9 m)(98.7 m)(100.9 m)

Total Equity

(75.3 m)23.7 m20.3 m17.3 m14.7 m32.3 m32.5 m

Financial Leverage

-0.4 x1.9 x2.2 x3 x3 x1.9 x2 x

Cash Flow

Annual

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

Quarterly

USDQ3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q1, 2018

Net Income

(1.5 m)(4.3 m)(4.1 m)(2.8 m)(1.1 m)

Depreciation and Amortization

488 k

Accounts Receivable

4.5 m5.4 m5.9 m5 m6.1 m(3.5 m)

Inventories

7 m8.6 m9.1 m7.9 m4.3 m(1.7 m)

Accounts Payable

9.5 m7 m9.9 m7.8 m5.6 m125 k

Cash From Operating Activities

(515 k)

Purchases of PP&E

(293 k)

Cash From Investing Activities

(293 k)

Cash From Financing Activities

274 k

Ratios

USDY, 2018

EV/EBIT

-168.1 x

EV/CFO

-310.1 x

Financial Leverage

2 x
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