Adesto technologies corporation (IOTS)
Balance Sheet / Quarterly
Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Dec'14
Assets [Abstract]
Current assets:
Cash and cash equivalents

21,262

37,205

7,191

7,645

8,630

13,273

7,939

29,546

30,078

30,508

31,893

17,497

19,719

21,377

14,139

19,170

23,089

5,337

5,972

Restricted cash

460

459

459

459

458

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Short-term investments

-

-

-

-

-

1,275

-

-

-

-

-

-

-

-

-

-

-

-

-

Accounts receivable, net

40,492

33,913

24,025

23,220

23,211

24,706

17,172

12,188

8,668

8,810

9,055

6,062

6,111

5,008

5,854

5,417

6,536

4,510

1,994

Inventories

20,023

16,343

14,769

16,643

18,635

17,541

11,448

7,554

5,814

4,263

4,361

4,296

5,182

7,907

9,134

8,579

7,368

6,981

7,453

Prepaid expenses

2,052

1,660

1,705

1,952

1,668

1,853

1,977

1,153

993

348

488

659

462

436

1,262

1,006

1,155

520

239

Deferred tax asset, current

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

291

291

Other current assets

249

403

687

888

871

1,971

50

55

52

103

114

102

105

1,216

1,224

1,202

1,186

2,268

1,095

Total current assets

84,538

89,983

48,836

50,807

53,473

60,619

38,586

50,496

45,605

44,032

45,911

28,616

31,579

35,944

31,613

35,374

39,334

19,907

17,044

Property and equipment, net

8,113

8,040

7,714

6,873

7,085

8,729

8,236

7,632

7,183

6,325

6,349

6,473

5,962

6,218

3,608

1,029

909

987

1,725

Deferred tax assets, non-current

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,862

1,861

Intangible assets, net

29,108

30,896

32,684

34,473

36,261

38,013

21,461

6,808

7,102

7,397

7,706

8,015

8,324

8,632

8,941

9,250

9,559

9,868

10,795

Other non-current assets

2,503

2,300

1,810

1,704

1,729

1,594

1,235

1,029

900

607

430

375

296

218

216

115

114

-

-

Operating lease right-of-use asset

4,300

4,474

4,641

4,730

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Goodwill

38,640

38,640

38,640

38,640

38,640

38,640

34,374

22

22

22

22

22

22

22

22

22

22

22

22

Total assets

167,202

174,333

134,325

137,227

137,188

147,595

103,892

65,987

60,812

58,383

60,418

43,501

46,183

51,034

44,400

45,790

49,938

32,646

31,447

Liabilities and Equity [Abstract]
Current liabilities:
Accounts payable

22,844

20,778

18,592

16,856

16,146

16,316

11,473

7,845

7,075

5,907

6,247

5,611

5,167

7,804

9,938

7,034

9,680

9,458

7,814

Income taxes payable

-

-

-

-

-

-

-

-

-

-

-

-

-

95

82

66

-

194

134

Accrued compensation and benefits

5,279

4,359

4,162

4,095

4,038

3,701

2,735

2,819

2,614

2,132

2,174

1,786

1,599

1,341

1,582

1,247

893

979

877

Accrued expenses and other current liabilities

9,368

5,772

4,343

5,471

5,172

6,969

5,537

2,506

2,359

-

-

-

2,176

-

-

-

-

-

-

Price adjustments and other revenue reserves

3,640

5,108

4,379

4,820

4,819

5,202

4,404

4,545

-

-

-

-

-

-

-

-

-

-

-

Earn-out liability, current

2,911

10,130

10,130

10,130

10,450

9,997

10,037

-

-

-

-

-

-

-

-

-

-

-

-

Operating lease liabilities, current

1,230

1,186

1,152

1,099

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Line of credit, current

-

-

-

-

-

-

-

1,500

1,500

-

-

-

1,807

-

-

-

-

-

4,273

Accrued expenses and other current liabilities

-

-

-

-

-

-

-

-

-

1,946

2,095

2,200

-

1,718

1,852

1,669

1,465

1,932

1,334

Term loan, current

-

-

182

161

141

-

-

1,929

926

-

6,486

6,476

6,466

6,456

-

-

5,606

-

-

Deferred tax liability, current

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

736

726

Term loan, current

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5,713

5,660

-

5,042

6,476

Total current liabilities

45,272

47,333

42,940

42,632

40,766

42,185

34,186

21,144

14,474

9,985

17,002

16,073

17,215

17,414

19,167

15,676

17,644

18,341

21,634

Line of credit

-

-

-

-

-

-

-

-

-

2,000

1,987

1,898

-

2,000

-

-

-

-

-

Term loan, non-current

-

-

29,293

29,362

29,418

29,433

29,361

9,924

10,908

11,396

6,527

8,153

9,775

11,395

-

-

7,814

-

-

Convertible long-term debt

56,589

55,315

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Operating lease liabilities, non-current

4,726

5,048

5,366

5,620

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred rent, non-current

-

-

-

-

1,947

2,063

2,179

2,294

2,404

2,511

2,618

2,725

2,826

2,924

-

-

-

-

-

Deferred tax liability, non-current

1,363

1,515

1,584

-

1,735

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Preferred stock warrant liability

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

463

122

Term loan, non-current

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,929

6,378

-

9,229

-

Deferred tax liability, non-current

-

-

-

1,660

-

1,797

1,884

2

1

2

2

2

2

2

2

1

1

1,453

1,453

Other non-current liabilities

476

608

608

591

580

3,788

3,221

75

75

-

-

-

-

-

-

-

-

-

23

Total liabilities

108,426

109,819

79,791

79,865

74,446

79,266

70,831

33,439

27,862

25,894

28,136

28,851

29,818

33,735

24,098

22,055

25,459

29,486

23,232

Commitments and contingencies (See Note 9)

-

-

-

-

-

0

0

0

-

0

0

0

0

0

0

0

0

0

0

Convertible preferred stock, no par value, no shares and 4,653,586 shares authorized as of December 31, 2015 and 2014; no shares and 4,419,853 shares issued and outstanding as of December 31, 2015 and 2014.

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

78,467

78,467

Stockholders’ equity:
Preferred stock, $0.0001 par value, 5,000,000 shares authorized as of December 31, 2019 and 2018; no shares issued and outstanding as of December 31, 2019 and 2018

-

-

-

-

-

0

0

-

-

0

0

0

0

-

-

-

0

-

0

Common stock, $0.0001 par value, 100,000,000 shares authorized; 30,268,685 and 29,442,065 shares issued and outstanding as of December 31, 2019 and 2018, respectively

3

3

3

3

3

3

2

2

2

2

2

2

2

2

2

2

2

0

-

Additional paid-in capital

206,356

205,003

187,156

185,718

184,158

183,087

139,275

133,804

133,087

132,467

131,243

111,831

110,749

-

-

-

107,167

4,119

3,912

Additional paid-in capital

-

-

-

-

-

-

-

-

-

-

-

-

-

109,913

108,819

107,976

-

-

-

Accumulated other comprehensive income (loss)

309

-518

-219

-263

-135

-360

-212

-312

-295

-301

-281

-252

-230

-182

-163

-159

-146

-146

-3

Accumulated deficit

-147,892

-139,974

-132,406

-128,096

-121,284

-114,401

-106,004

-100,946

-99,844

-99,679

-98,682

-96,931

-94,156

-92,434

-88,356

-84,084

-82,544

-79,280

-74,161

Total stockholders’ equity

58,776

64,514

54,534

57,362

62,742

68,329

33,061

32,548

32,950

32,489

32,282

14,650

16,365

17,299

20,302

23,735

24,479

-75,307

-70,252

Total liabilities and stockholders’ equity

167,202

174,333

134,325

137,227

137,188

147,595

103,892

65,987

60,812

58,383

60,418

43,501

46,183

51,034

44,400

45,790

49,938

32,646

31,447