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ADESTO TECHNOLOGIES Corp

No Longer Reporting

The company has not filed an annual or quarterly report since its Q1 FY2020 10-Q, filed Jun 22, 2020. Its latest SEC filing is a SC 13G/A from Feb 16, 2021.

The sections below describe the company as of the FY2019 annual report.

What Did They Do?

Sold application-specific memory chips, embedded control and communication systems, and custom chips and design licenses to equipment makers, system integrators, and semiconductor companies.

How Did They Make Money?

Memory and other finished products were sold to customers, generally through distributors. Custom chip projects brought design fees and any intellectual-property license fees at project milestones, followed by sales of the chips once production began.

FY2016 revenue

Who Were Their Customers?

Equipment makers and design manufacturers used the semiconductor products; most memory sales reached end customers through distributors. Embedded systems were sold to equipment makers and system integrators directly and through distributors, while intellectual-property products were sold through the company’s web portal and representatives.

Customers above 10% of revenue, FY2019
of revenue from two customers (16%, 13%)
FY2018: 17% from one customer

Did Revenues Turn Into Profits?

No. It lost $11.6M in FY2016.

Operating income, FY2016
−23% of revenue
▲ +55% (Loss) vs FY2015 (−$6.6M, −15%)
Net income, FY2016
−26% of revenue
▲ +39% (Loss) vs FY2015 (−$8.4M, −19%)

How Were They Changing?

Since the FY2019 annual report
Latest quarter: Q1 FY2020, the three months to Mar 31, 2020
Revenue
▼ −29%
vs $28.1M in Q1 FY2019
Net income
▲ +56% (Loss)
vs −$7.1M in Q1 FY2019
  • Jun 29, 2020 Dialog completed its acquisition of Adesto Adesto shares were converted into a right to receive cash under the merger terms.

Shrank. Revenue fell 12% in 3 years, from $49.7M in FY2013 to $44M in FY2016, about 4% a year.

Broader product range The earlier report described a business centered on application-specific, low-power non-volatile memory. The latest report also covered custom chips and intellectual-property blocks, along with embedded communication, control, gateway, and management products.

Who Did They Compete With?

Competes with Macronix International, Micron Technology, Cypress Semiconductor, Winbond Electronics, GigaDevices, Semtech, Maxim Integrated Products, STMicroelectronics, Texas Instruments, NXP, Freescale Semiconductor, Intel, Global Unichip, eASIC, Faraday, Open-Silicon, Ansem, Microsemi, On Semiconductor, and Socionext

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