trending Market Intelligence /marketintelligence/en/news-insights/trending/4H7N3ehp1qI33chNXAAeNQ2 content esgSubNav
In This List

Adesto Technologies Q1 loss widens 56.6% YOY


Global smart TV forecast return to growth in 2022, sustained through 2026

Case Study

Broad Environmental Data Guides an Insurer’s Journey to Net Zero


Broadcast deal market recap, Q2'22


Japan M&A By the Numbers: Q1 2022

Adesto Technologies Q1 loss widens 56.6% YOY

Adesto Technologies Corp. said its normalized net income for the first quarter amounted to a loss of 15 cents per share, compared with the S&P Capital IQ consensus estimate of a loss of 16 cents per share.

The per-share loss narrowed 94.2% year over year from $2.49.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of $2.2 million, compared with a loss of $1.4 million in the prior-year period.

The normalized profit margin dropped to negative 21.4% from negative 14.4% in the year-earlier period.

Total revenue grew 5.0% on an annual basis to $10.2 million from $9.7 million, and total operating expenses increased 15.6% from the prior-year period to $13.4 million from $11.6 million.

Reported net income totaled a loss of $1.5 million, or a loss of 10 cents per share, compared to a loss of $2.3 million, or a loss of $4.07 per share, in the year-earlier period.