Adept Technology (ADEP -17.7%) takes a hit after its FQ2 posts a big miss on its bottom line....

|About: Adept Technology, Inc. (ADEP)|By:, SA News Editor

Adept Technology (ADEP -17.7%) takes a hit after its FQ2 posts a big miss on its bottom line. Revenues were also down 28.6% from the same period a year ago. Gross margin got slammed, down from 43.0% to 31.8%, largely due to impairment charges for excess and obsolete inventory as the company restructures. Read more on its earnings call here: Earnings Call Transcript.