Adesto Technologies Corporation (IOTS) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
3600 PETERSON WAY SANTA CLARA, CA 95054 |
| State of Incorp. | |
| Fiscal Year End | December 31 |
| Industry (SIC) | 3674 - Semiconductors and Related Devices (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)Annual | Quarterly
| 3/31/2020 Q1 | 12/31/2019 Q4 | 9/30/2019 Q3 | 6/30/2019 Q2 | 3/31/2019 Q1 | 12/31/2018 Q4 | 9/30/2018 Q3 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 21,262 | 37,205 | 7,191 | 7,645 | 8,630 | 14,548 | |||
| Cash and cash equivalent | 21,262 | 37,205 | 7,191 | 7,645 | 8,630 | 13,273 | |||
| Short-term investments | 1,275 | ||||||||
| Receivables | 40,499 | 33,925 | 24,025 | 23,220 | 23,211 | 24,706 | |||
| Inventory, net of allowances, customer advances and progress billings | 20,023 | 16,343 | 14,769 | 16,643 | 18,635 | 17,541 | |||
| Inventory | 20,023 | 16,343 | 14,769 | 16,643 | 18,635 | 17,541 | |||
| Prepaid expense | 2,052 | 1,660 | 1,705 | 1,952 | 1,668 | 1,853 | |||
| Other current assets | 249 | 403 | 687 | 888 | 871 | 1,971 | |||
| Other undisclosed current assets | 453 | 447 | 459 | 459 | 458 | ||||
| Total current assets: | 84,538 | 89,983 | 48,836 | 50,807 | 53,473 | 60,619 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 4,300 | 4,474 | 4,641 | ✕ | ✕ | ||||
| Property, plant and equipment | 8,113 | 8,040 | 7,714 | 6,873 | 7,085 | 8,729 | |||
| Intangible assets, net (including goodwill) | 67,748 | 69,536 | 71,324 | 73,113 | 74,901 | 76,653 | |||
| Goodwill | 38,640 | 38,640 | 38,640 | 38,640 | 38,640 | 38,640 | |||
| Intangible assets, net (excluding goodwill) | 29,108 | 30,896 | 32,684 | 34,473 | 36,261 | 38,013 | |||
| Other noncurrent assets | 2,503 | 2,300 | 1,810 | 1,704 | 1,729 | 1,594 | |||
| Other undisclosed noncurrent assets | 4,730 | ||||||||
| Total noncurrent assets: | 82,664 | 84,350 | 85,489 | 86,420 | 83,715 | 86,976 | |||
| TOTAL ASSETS: | 167,202 | 174,333 | 134,325 | 137,227 | 137,188 | 147,595 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 31,826 | 27,833 | 24,000 | 22,934 | 21,936 | 23,656 | |||
| Interest and dividends payable | 950 | ||||||||
| Taxes payable | 132 | ||||||||
| Employee-related liabilities | 5,279 | 4,359 | 4,162 | 4,095 | 4,038 | 3,701 | |||
| Accounts payable | 22,844 | 20,778 | 18,592 | 16,856 | 16,146 | 16,316 | |||
| Accrued liabilities | 2,621 | 2,696 | 1,246 | 1,983 | 1,752 | 3,639 | |||
| Deferred revenue | 415 | 649 | 1,071 | ✕ | ✕ | ||||
| Debt | 1,230 | 1,186 | 1,334 | 161 | 141 | ||||
| Deferred rent credit | 514 | 527 | |||||||
| Customer refund liability | 4,144 | 366 | 812 | ||||||
| Business combination, contingent consideration, liability | 2,911 | 10,130 | 10,130 | 10,130 | 10,450 | 9,997 | |||
| Contract with customer, liability | ✕ | ✕ | ✕ | ✕ | 1,668 | 1,848 | 1,454 | ||
| Other undisclosed current liabilities | 4,746 | 7,535 | 6,405 | 7,739 | 5,511 | 5,739 | |||
| Total current liabilities: | 45,272 | 47,333 | 42,940 | 42,632 | 40,766 | 42,185 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 61,315 | 60,363 | 34,659 | 29,362 | 29,418 | 29,433 | |||
| Long-term debt, excluding current maturities | 56,589 | 55,315 | 29,293 | 29,362 | 29,418 | 29,433 | |||
| Liabilities, other than long-term debt | 1,839 | 2,123 | 2,192 | 2,251 | 4,262 | 7,648 | |||
| Deferred rent credit | 1,947 | 2,063 | |||||||
| Deferred tax liabilities, net | ✕ | ✕ | ✕ | ✕ | 1,660 | 1,735 | 1,797 | ||
| Deferred income tax liabilities | 1,363 | 1,515 | 1,584 | ✕ | ✕ | ||||
| Other liabilities | 476 | 608 | 608 | 591 | 580 | 3,788 | |||
| Operating lease, liability | 4,726 | 5,048 | 5,366 | ✕ | ✕ | ||||
| Other undisclosed noncurrent liabilities | 5,620 | ||||||||
| Total noncurrent liabilities: | 63,154 | 62,486 | 36,851 | 37,233 | 33,680 | 37,081 | |||
| Total liabilities: | 108,426 | 109,819 | 79,791 | 79,865 | 74,446 | 79,266 | |||
| Equity | |||||||||
| Equity, attributable to parent | 58,776 | 64,514 | 54,534 | 57,362 | 62,742 | 68,329 | |||
| Common stock | 3 | 3 | 3 | 3 | 3 | 3 | |||
| Additional paid in capital | 206,356 | 205,003 | 187,156 | 185,718 | 184,158 | 183,087 | |||
| Accumulated other comprehensive income (loss) | 309 | (518) | (219) | (263) | (135) | (360) | |||
| Accumulated deficit | (147,892) | (139,974) | (132,406) | (128,096) | (121,284) | (114,401) | |||
| Total equity: | 58,776 | 64,514 | 54,534 | 57,362 | 62,742 | 68,329 | |||
| TOTAL LIABILITIES AND EQUITY: | 167,202 | 174,333 | 134,325 | 137,227 | 137,188 | 147,595 | |||
Income Statement (P&L) ($ in thousands)Annual | Quarterly
| 3/31/2020 Q1 | 12/31/2019 Q4 | 9/30/2019 Q3 | 6/30/2019 Q2 | 3/31/2019 Q1 | 12/31/2018 Q4 | 9/30/2018 Q3 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 27,869 | 32,028 | 30,155 | 28,113 | 28,078 | 21,927 | ||
| Cost of revenue (Cost of Product and Service Sold) | (15,077) | (15,781) | (15,709) | (14,893) | (16,544) | (12,344) | ||
| Gross profit: | 12,792 | 16,247 | 14,446 | 13,220 | 11,534 | 9,583 | ||
| Operating expenses | (18,130) | (17,634) | (17,398) | (19,161) | (19,632) | (17,006) | ||
| Operating loss: | (5,338) | (1,387) | (2,952) | (5,941) | (8,098) | (7,423) | ||
| Nonoperating income (expense) | (2,632) | (5,844) | (1,428) | (1,150) | 1,216 | (1,038) | ||
| Other nonoperating income (expense) | (449) | 190 | (51) | 220 | 2,639 | 8 | ||
| Loss from continuing operations before income taxes: | (7,970) | (7,231) | (4,380) | (7,091) | (6,882) | (8,461) | ||
| Income tax expense (benefit) | 52 | (337) | 70 | 31 | (1) | 64 | ||
| Loss from continuing operations: | (7,918) | (7,568) | (4,310) | (7,060) | (6,883) | (8,397) | ||
| Loss before gain (loss) on sale of properties: | (7,918) | (7,568) | (4,310) | (7,060) | (6,883) | (8,397) | ||
| Net loss available to common stockholders, diluted: | (7,918) | (7,568) | (4,310) | (7,060) | (6,883) | (8,397) | ||
Comprehensive Income ($ in thousands)Annual | Quarterly
| 3/31/2020 Q1 | 12/31/2019 Q4 | 9/30/2019 Q3 | 6/30/2019 Q2 | 3/31/2019 Q1 | 12/31/2018 Q4 | 9/30/2018 Q3 | ||
|---|---|---|---|---|---|---|---|---|
| Net loss: | (7,918) | (7,568) | (4,310) | (7,060) | (6,883) | (8,397) | ||
| Comprehensive loss: | (7,918) | (7,568) | (4,310) | (7,060) | (6,883) | (8,397) | ||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | 827 | (299) | 44 | (128) | 225 | (148) | ||
| Comprehensive loss, net of tax, attributable to parent: | (7,091) | (7,867) | (4,266) | (7,188) | (6,658) | (8,545) | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.