Revenue Update on Adesto Technologies Corp(NASDAQ:IOTS)

Adesto Technologies Corp(NASDAQ:IOTS) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Aug 9, 2016. Company reported revenue of $10.28M. Analysts estimated a revenue of $10.20M. Earnings per share were $-0.21. Analysts had estimated an EPS of $-0.19.

Several Insider Transactions has been reported to the SEC. On May 11, 2016, Ron Shelton (CFO) purchased 25,000 shares at $3.54 per share price.Also, On Oct 28, 2015, Keith Crandell (director 10% owner) purchased 400,000 shares at $5.00 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.

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