IOTS - Adesto's Acquisitions Will Propel The Company Forward
Adesto Technologies (IOTS), the specialist fabless memory maker, experienced a bit of a fall from grace:
However, underneath, things aren't quite as bad as that fall might indicate, and we think the shares offer an opportunity here.
Q2 delivered $18.2M in revenues (+30%), but roughly $2M of that was from the acquired S3 Semiconductors which closed about halfway through the quarter.
So Q2 revenues ex S3 were $16.2M, which are still $2.8M (21%) over the $13.4M of Q2 2017. The company is growing at a nice clip, at least in revenues. There were