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ADESTO TECHNOLOGIES Corp (IOTS)

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
 
In millions, except per share itemsDec-31-19Dec-31-18Dec-31-17Dec-31-16Dec-31-15Dec-31-14Dec-31-13
   10-K10-K10-K10-K10-K10-K10-K
Revenues:  
    Asia Pacific  59.239.534.3 28.725.932.5
    United States  31.923.211.7 8.87.37.7
    Europe  20.917.59.5 4.87.38.4
    Rest of Americas  5.22.80.2 0.60.80.9
    Other  1.00.50.4 0.30.30.3
Total revenues  118.283.556.144.043.341.549.7
            Revenue growth   [+]41.5%48.8%27.6%1.6%4.3%-16.5% 
Cost of goods sold  61.547.428.622.624.825.529.7
Gross profit  56.736.127.521.418.515.919.9
            Gross margin  48.0%43.2%49.0%48.6%42.7%38.4%40.1%
Selling, general and administrative   [+]32.322.617.517.012.39.610.8
Research and development  30.920.313.615.412.814.415.0
Other operating expenses   0.5 -0.7   
EBITDA   [+]-3.3-4.9-2.2-8.1-3.9-5.0-1.5
            EBITDA margin  -2.8%-5.9%-4.0%-18.4%-9.1%-12.1%-3.0%
Depreciation  3.22.41.41.01.51.81.1
EBITA  -6.5-7.3-3.6-9.1-5.4-6.8-2.5
            EBITA margin  -5.5%-8.7%-6.4%-20.6%-12.5%-16.4%-5.1%
Amortization of intangibles  7.23.91.21.21.21.23.3
EBIT   [+]-13.7-11.2-4.8-10.3-6.6-8.0-5.9
            EBIT margin  -11.6%-13.4%-8.6%-23.4%-15.3%-19.4%-11.8%
Non-recurring items   [+]1.99.2     
Interest expense  11.03.80.81.31.10.92.7
Other income (expense), net  -0.12.70.00.0-0.70.10.5
Pre-tax income  -26.7-21.5-5.6-11.6-8.4-8.8-8.1
Income taxes  0.2-0.10.10.0-0.10.10.1
            Tax rate   0.4% 0.1%0.7%  
Net income  -26.9-21.4-5.7-11.6-8.4-8.9-8.2
            Net margin  -22.7%-25.7%-10.1%-26.4%-19.4%-21.5%-16.4%
   
Basic EPS   [+]($0.90)($0.85)($0.31)($0.77)($2.79)($16.48)($15.14)
Diluted EPS   [+]($0.90)($0.85)($0.31)($0.77)($2.79)($16.48)($15.14)
   
Shares outstanding (basic)   [+]29.925.118.615.13.00.50.5
Shares outstanding (diluted)   [+]29.925.118.615.13.00.50.5
   
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.  

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