ADESTO TECHNOLOGIES CORPORATION (NASDAQ:IOTS) Files An 8-K Results of Operations and Financial Condition

ADESTO TECHNOLOGIES CORPORATION (NASDAQ:IOTS) Files An 8-K Results of Operations and Financial Condition
Item 2.02. Results of Operations and Financial Condition.

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On July9, 2018, Adesto Technologies Corporation (“Adesto”) announced preliminary estimates of its results of operations for the three months ended June 30, 2018.

On a preliminary estimated basis, Adesto expects its results of operations for the three months ended June30, 2018 to reflect:

· Unaudited Pro Forma Condensed Combined Statement of Operations for the three months ended March31, 2018 (page4); and

· Notes to the Unaudited Pro Forma Condensed Combined Financial Statements (pages5 and 12).

The pro forma financial information in Exhibit99.3 hereto contains statements reflecting assumptions, expectations, projections, intentions or beliefs about future events that are intended as “forward looking statements.” These statements can be identified by the fact that they do not relate strictly to historical or current facts. Examples of these statements include, but are not limited to, Adesto’s ability to complete the offering, its anticipated use of proceeds from the offering, and its ability to close the proposed acquisition. Management cautions that any or all of Adesto’s forward-looking statements may turn out to be wrong. Please read the risk factors set forth in Exhibit99.4 hereto and read Adesto’s annual, quarterly and current reports filed under the Exchange Act for additional information about the risks, uncertainties and other factors affecting these forward-looking statements and Adesto generally. Adesto’s actual future results may vary materially from those expressed or implied in any forward-looking statements. All of Adesto’s forward-looking statements, whether written or oral, are expressly qualified by these cautionary statements and any other cautionary statements that may accompany such forward-looking statements. In addition, Adesto disclaims any obligation to update any forward-looking statements to reflect events or circumstances after the date hereof.

(d)Exhibits.

Exhibit Number

DescriptionofExhibit

23.1

Consent of Armanino LLP,Independent Registered Public Accounting Firm

24.1

Power of Attorney

99.1

Audited consolidated balance sheets of Echelon Corporation as of December31, 2017 and 2016 and the related audited consolidated statements of operations, stockholders’ equity, and cash flows, for each of the two years in the period ended December31, 2017, and the related notes thereto and the report of independent registered public accounting firm thereon (incorporated herein by reference from pages44 through 73 of Echelon’s Annual Report on Form10-K for the fiscal year ended December31, 2017 (File No.001-37755), filed with the SEC on March27, 2018)

99.2

Unaudited condensed consolidated balance sheets of Echelon Corporation as of March31, 2017 and the related unaudited condensed consolidated statements of operations, statements of comprehensive loss and statements of cash flows for the three months ended March31, 2018 and 2017, and the related notes thereto (incorporated herein by reference from pages3 through 17 of Echelon’s Quarterly Report on Form10-Q for the quarterly period ended March31, 2018 (File No.001-37755), filed with the SEC on May10, 2018)

99.3

Unaudited Pro Forma Condensed Combined Financial Information

99.4

Updated Risk Factors


ADESTO TECHNOLOGIES Corp Exhibit
EX-23.1 2 a18-13098_2ex23d1.htm EX-23.1 Exhibit 23.1   Consent of Armanino LLP,…
To view the full exhibit click here

About ADESTO TECHNOLOGIES CORPORATION (NASDAQ:IOTS)

Adesto Technologies Corporation is a provider of application-specific and ultra-low power non-volatile memory products. The Company optimizes its non-volatile memory products for Internet of Things (IoT), applications, including current and next-generation Internet-connected devices in the consumer, industrial, medical and wearables markets. It operates in application-specific and feature-rich, ultra-low power non-volatile memory (NVM) products segment. It combines its non-volatile memory design capabilities with intellectual property and differentiated technology platforms to deliver products that manage the overall energy consumption of its customers’ systems and battery life. Its products feature embedded intelligence in a small form factor. It sells its products directly to original equipment manufacturers and original design manufacturers, respectively that manufacture products for its end customers.

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