After absorbing two acquisitions, we think the time has arrived for Adesto Technologies (IOTS) to recover.
Things are turning at the company even if operationally there is a substantial GAAP deterioration, which is mostly the result of acquisitions:
Growth
But as the figure indicates, revenues are taking off on the back of acquisitions:
Significant opportunities are materializing:
- ASIC business (S3 Semiconductors)
- Mavriq (first design win imminent)
- EcoXiP
- DataFlash-L
- Embedded Systems (Echelon)
Traditionally, the company sells specialist memory like:
Its memory business is booming (from