Netlist - NLST STOCK NEWS

Netlist (NLST) reported its full year and fourth quarter 2024 financial results. Annual revenue surged 113% to $147.1 million from $69.2 million in 2023, while gross profit increased 21% to $2.9 million. The company secured significant legal victories, winning patent infringement trials against Micron and Samsung with total damages awarded of $866 million.

Q4 2024 performance showed mixed results with revenue of $34.3 million compared to $33.4 million in Q4 2023, while gross profit decreased to $0.3 million from $1.2 million. The company reported a net loss of $12.7 million ($0.05 per share) in Q4 2024 and $53.8 million ($0.21 per share) for the full year. As of December 28, 2024, Netlist had $34.6 million in cash and cash equivalents, with total assets of $41.8 million and a working capital deficit of $7.3 million.

Netlist (OTCQB:NLST) has secured a unanimous jury verdict against Samsung in the Federal District Court for the Central District of California. The jury found that Samsung materially breached the Joint Development and License Agreement signed in November 2015, confirming Samsung does not have a license to Netlist's patent portfolio.

The verdict follows two previous successful patent infringement cases against Samsung, where Netlist was awarded damages of $303 million in April 2023 and $118 million in November 2024, totaling $421 million in damages to date. As the world's largest memory manufacturer, Samsung faces significant exposure due to its tens of billions of dollars in annual memory revenue.

Netlist (OTCQB:NLST) has scheduled its fourth quarter and full year 2024 financial results announcement for March 27, 2025. The company will release its financial results before 9:30 a.m. Eastern Time, followed by a conference call at 12:00 p.m. Eastern Time on the same day.

Participants can pre-register for the conference call to receive a unique PIN for immediate access. Alternatively, those who haven't pre-registered can join by dialing +1 (412) 317-5443 and requesting the "Netlist Conference Call." A live webcast and archived replay will be available in the Investor's section of Netlist's website.

Netlist (OTCQB:NLST) has secured a significant legal victory against Samsung as the United States Court of Appeals for the Federal Circuit (CAFC) affirmed the U.S. Patent Trial and Appeal Board's (PTAB) decision upholding the validity of Netlist's U.S. Patent No. 10,217,523 ('523 Patent). This patent is particularly relevant to DDR4 LRDIMM technology.

The ruling follows Samsung's preemptive declaratory judgment action and could expose Samsung to significant liability due to potentially infringing sales of DDR4 LRDIMM products worth billions of dollars. A related case in the U.S. District Court for the District of Delaware remains stayed pending developments in other courts regarding the Joint Development and License Agreement (JDLA). A jury trial for the JDLA case is scheduled for March 18, 2025, in the U.S. District Court for the Central District of California.

Netlist (NLST) has announced its participation in the 27th Annual Needham Growth Conference, scheduled for January 14-17, 2025. The company will engage in one-on-one meetings throughout the conference duration. This prestigious growth-focused investment conference, taking place in early 2025, provides Netlist an opportunity to connect directly with potential investors and industry participants.

Netlist (OTCQB:NLST) announced that its U.S. Patent No. 10,268,608 was upheld by the Patent Trial and Appeal Board (PTAB), confirming its validity. This follows a November 2024 jury verdict in the Eastern District of Texas where Netlist won a $118 million damages award against Samsung. The company has filed a motion for preliminary and permanent injunction against Samsung regarding all infringing products related to the '608 patent, including Samsung DDR4 LRDIMMs. A hearing on the injunction motion is scheduled for December 23, 2024.

Netlist (OTCQB:NLST) has secured a Final Judgment in its patent infringement case against Samsung Electronics in the United States District Court for the Eastern District of Texas. The Court upheld the November 2024 jury verdict, confirming Samsung's willful infringement of Netlist's patented technologies and ordering a $118 million damages payment.

This ruling follows a separate $303 million jury award from April 2023 for similar patent infringement claims against Samsung, bringing the total damages awarded to Netlist to $421 million. The company remains confident the Court's ruling will withstand any post-judgment motions and appeals.

Netlist (NLST) has won a $118 million damages award against Samsung in a patent infringement trial at the United States District Court for the Eastern District of Texas. The federal jury unanimously found that Samsung willfully infringed three Netlist patents (7,619,912, 11,093,417, and 10,268,608) related to DDR4 RDIMMs and DDR4 LRDIMMs technology. This marks Netlist's third major victory in 19 months, following a $303 million award against Samsung in April 2023 and a $445 million award against Micron in May 2024, bringing total damages to $866 million.

Netlist (OTCQB:NLST) announced its participation in the 13th Annual Roth Technology Conference. The company will engage in one-on-one meetings during the event, scheduled for November 19th and 20th. This conference participation represents an opportunity for Netlist to connect with industry stakeholders and potential investors.