Adesto Technologies provided earnings guidance for the second quarter of 2018. For the quarter, the company expects revenue to be approximately $18.1 million to $18.3 million, within the company’s prior expectations of $18.1 million to $19.0 million. The company expects gross margin to be 42% to 44%, below the company’s prior expectations of 46% to 48%, primarily driven by product mix during the quarter. Additionally, the company expects GAAP operating expenses for the second quarter to be in the range of $11.3 million to $11.5 million, compared to the company’s prior expectations of $9.1 million to $9.7 million. On a non-GAAP basis, the company expects operating expenses for the second quarter to be approximately $8.3 million to $8.5 million, also within the company’s prior expectations of $8.2 million and $8.8 million.