Adesto Technologies Corporation (IOTS) Financial Statements (2024 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)

3/31/2020
MRQ
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 21,2628,63030,07819,71923,089
Cash and cash equivalents 21,2628,63030,07819,71923,089
Receivables 40,49923,2118,6686,1116,536
Inventory, net of allowances, customer advances and progress billings 20,02318,6355,8145,1827,368
Inventory 20,02318,6355,8145,1827,368
Prepaid expense 2,0521,6689934621,155
Other current assets 249871521051,186
Other undisclosed current assets 453458   
Total current assets: 84,53853,47345,60531,57939,334
Noncurrent Assets
Operating lease, right-of-use asset 4,300
Property, plant and equipment 8,1137,0856,8335,962909
Intangible assets, net (including goodwill) 67,74874,9017,4748,3469,581
Goodwill 38,64038,640222222
Intangible assets, net (excluding goodwill) 29,10836,2617,4528,3249,559
Other noncurrent assets 2,5031,729900296114
Total noncurrent assets: 82,66483,71515,20714,60410,604
TOTAL ASSETS: 167,202137,18860,81246,18349,938
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 31,82621,93610,8938,94212,038
Interest and dividends payable 950    
Taxes payable 132   52
Employee-related liabilities 5,2794,0382,6141,599893
Accounts payable 22,84416,1467,0755,1679,680
Accrued liabilities 2,6211,7521,2042,1761,413
Deferred revenue 415
Debt 1,2301412,4266,46616
Deferred rent credit  514
Customer refund liability 4,144366468  
Business combination, contingent consideration, liability 2,91110,450   
Deferred revenue and credits422  
Contract with customer, liability1,848
Other undisclosed current liabilities 4,7465,511265 5,590
Total current liabilities: 45,27240,76614,47415,40817,644
Noncurrent Liabilities
Long-term debt and lease obligation 61,31529,41810,90811,5827,814
Long-term debt, excluding current maturities 56,58929,41810,90811,5827,814
Liabilities, other than long-term debt 1,8394,2622,4802,8281
Deferred revenue and credits2,4042,826 
Deferred rent credit  1,947
Deferred tax liabilities, net1,735121
Deferred income tax liabilities 1,363
Other liabilities 47658075  
Operating lease, liability 4,726
Total noncurrent liabilities: 63,15433,68013,38814,4107,815
Total liabilities: 108,42674,44627,86229,81825,459
Equity
Equity, attributable to parent 58,77662,74232,95016,36524,479
Common stock 33222
Additional paid in capital 206,356184,158133,087110,749107,167
Accumulated other comprehensive income (loss) 309(135)(295)(230)(146)
Accumulated deficit (147,892)(121,284)(99,844)(94,156)(82,544)
Total equity: 58,77662,74232,95016,36524,479
TOTAL LIABILITIES AND EQUITY: 167,202137,18860,81246,18349,938

Income Statement (P&L) ($ in thousands)

3/31/2020
TTM
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues 118,16683,49056,11243,96843,259
Cost of revenue (61,461)(47,429)(28,637)(22,618)(24,775)
Cost of goods and services sold (61,461)(47,429)1,3001,100900
Gross profit: 56,70536,06127,47521,35018,484
Operating expenses (72,323)(56,445)(32,306)(31,653)(25,118)
Operating loss: (15,618)(20,384)(4,831)(10,303)(6,634)
Nonoperating expense (11,054)(1,135)(756)(1,325)(1,810)
Other nonoperating income (expense) (90)2,656(3)(50)(695)
Interest and debt expense    (1,275)(1,115)
Loss from continuing operations before equity method investments, income taxes: (26,672)(21,519)(5,587)(12,903)(9,559)
Other undisclosed income from continuing operations before income taxes    1,2751,115
Loss from continuing operations before income taxes: (26,672)(21,519)(5,587)(11,628)(8,444)
Income tax expense (benefit) (184)79(101)1661
Loss from continuing operations: (26,856)(21,440)(5,688)(11,612)(8,383)
Loss before gain (loss) on sale of properties: (26,856)(21,440)(5,688)(11,612)(8,383)
Net loss available to common stockholders, diluted: (26,856)(21,440)(5,688)(11,612)(8,383)

Comprehensive Income ($ in thousands)

3/31/2020
TTM
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net loss: (26,856)(21,440)(5,688)(11,612)(8,383)
Comprehensive loss: (26,856)(21,440)(5,688)(11,612)(8,383)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent 444160(65)(84)(143)
Comprehensive loss, net of tax, attributable to parent: (26,412)(21,280)(5,753)(11,696)(8,526)

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.

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