Adesto Technologies Corporation (IOTS) financial statements (2022 and earlier)

Company profile

Business Address 3600 PETERSON WAY
SANTA CLARA, CA 95054
State of Incorp.
Fiscal Year End December 31
SIC 3674 - Semiconductors and Related Devices (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in thousands)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments21,2628,63030,07819,71923,089
Cash and cash equivalents21,2628,63030,07819,71923,089
Receivables40,49923,2118,6686,1116,536
Inventory, net of allowances, customer advances and progress billings20,02318,6355,8145,1827,368
Inventory20,02318,6355,8145,1827,368
Prepaid expense2,0521,6689934621,155
Other current assets249871521051,186
Other undisclosed current assets453458   
Total current assets:84,53853,47345,60531,57939,334
Noncurrent Assets
Operating lease, right-of-use asset4,300
Property, plant and equipment8,1137,0856,8335,962909
Intangible assets, net (including goodwill)67,74874,9017,4748,3469,581
Goodwill38,64038,640222222
Intangible assets, net (excluding goodwill)29,10836,2617,4528,3249,559
Other noncurrent assets2,5031,729900296114
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 liabilities31,82621,93610,8938,94212,038
Accounts payable22,84416,1467,0755,1679,680
Accrued liabilities2,6211,7521,2042,1761,413
Employee-related liabilities5,2794,0382,6141,599893
Taxes payable132   52
Interest and dividends payable950    
Deferred revenue415
Debt1,2301412,4266,46616
Deferred rent credit 514
Customer refund liability4,144366468  
Business combination, contingent consideration, liability2,91110,450   
Deferred revenue and credits422  
Contract with customer, liability1,848
Other undisclosed current liabilities4,7465,511265 5,590
Total current liabilities:45,27240,76614,47415,40817,644
Noncurrent Liabilities
Long-term debt and lease obligation61,31529,41810,90811,5827,814
Long-term debt, excluding current maturities56,58929,41810,90811,5827,814
Operating lease, liability4,726
Liabilities, other than long-term debt1,8394,2622,4802,8281
Deferred revenue and credits2,4042,826 
Deferred rent credit 1,947
Deferred tax liabilities, net1,735121
Deferred income tax liabilities1,363
Other liabilities47658075  
Total noncurrent liabilities:63,15433,68013,38814,4107,815
Total liabilities:108,42674,44627,86229,81825,459
Stockholders' equity
Stockholders' equity attributable to parent58,77662,74232,95016,36524,479
Common stock33222
Additional paid in capital206,356184,158133,087110,749107,167
Accumulated other comprehensive income (loss)309(135)(295)(230)(146)
Accumulated deficit(147,892)(121,284)(99,844)(94,156)(82,544)
Total stockholders' equity:58,77662,74232,95016,36524,479
TOTAL LIABILITIES AND EQUITY:167,202137,18860,81246,18349,938

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues118,16683,49056,11243,96843,259
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
Net loss available to common stockholders, diluted:(26,856)(21,440)(5,688)(11,612)(8,383)

Comprehensive Income ($ in thousands)

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 parent444160(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 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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