Netlist Stock Price, News & Analysis

Netlist (OTCQB:NLST) announced a registered direct offering to sell an aggregate of 14,285,716 shares of common stock together with warrants to purchase up to 28,571,432 shares at a combined purchase price of $0.70 per share and accompanying warrants. The warrants are immediately exercisable, have a $0.70 exercise price and expire five years after issuance. The offering is expected to close on or about October 7, 2025, with gross proceeds to the company of approximately $10.0 million before fees and expenses.

The company said net proceeds will be used for general corporate purposes, including working capital. Netlist also agreed to amend June 2025 warrants to reduce their exercise price to the lesser of $0.60 and the lowest VWAP during a specified post-closing window. Roth Capital Partners is the exclusive placement agent. The securities are offered under a Form S-3 shelf declared effective on August 14, 2024.

Netlist (OTCQB:NLST) has initiated legal proceedings against Samsung, Google, and Super Micro before the U.S. International Trade Commission (ITC). The company is seeking exclusion and cease and desist orders based on the alleged infringement of six Netlist patents related to advanced memory technologies.

The patents in question cover DDR5 memory modules (including RDIMM, UDIMM, SODIMM, and MRDIMM) and high-bandwidth memory (HBM). The legal action aims to prevent Samsung memory products that allegedly infringe on Netlist's intellectual property from entering the U.S. through Customs and Border Protection. The ITC investigation is expected to proceed to trial within a year.

Netlist (OTCQB:NLST) reported its Q2 2025 financial results, showing mixed performance. Revenue reached $41.7 million, up 44% quarter-over-quarter and 13.3% year-over-year. The company reduced operating expenses by 31% compared to Q1 2025 and 52% year-over-year.

Despite revenue growth, Netlist reported a net loss of ($6.1) million, or ($0.02) per share, though improved from ($14.8) million loss in Q2 2024. The company's financial position shows $29.0 million in cash and equivalents, but faces a working capital deficit of ($8.2) million.

Notable developments include strong DDR5 memory module demand for AI and data centers, and legal actions against Samsung and Micron for patent infringement, with a $445 million damages award against Micron being finalized.

[ "Revenue increased 44% quarter-over-quarter to $41.7 million", "Operating expenses decreased significantly by 31% QoQ and 52% YoY", "Net loss improved to ($6.1) million from ($14.8) million year-over-year", "$445 million damages award against Micron was finalized", "Strong demand for DDR5 memory modules in AI and data center markets" ]

Netlist (OTCQB:NLST) has initiated a new patent infringement lawsuit against Samsung and Micron, along with their distributor Avnet, in the U.S. District Court for the Eastern District of Texas. The lawsuit concerns the alleged infringement of U.S. Patent No. 12,373,366, which covers power management technology used in DDR5 DIMM memory products.

The patent, set to expire in June 2028, comes at a crucial time when U.S. DDR5 annual revenue is projected to reach $30 billion in 2028. Notably, Netlist has already secured jury verdicts totaling $866 million in damages against Samsung and Micron for willful patent infringement over the past two years.

Netlist (OTCQB:NLST) has scheduled its second quarter 2025 financial results announcement and conference call. The company will release its Q2 2025 results on Thursday, August 7, 2025, before 9:30 a.m. Eastern Time.

A conference call will follow at 12:00 p.m. Eastern Time the same day. Participants can pre-register for immediate access or join by dialing +1 (412) 317-5443 and requesting the "Netlist Conference Call." A live webcast and replay will be available on the company's investor relations website.

Netlist (OTCQB:NLST) has expanded its legal actions against Samsung and Micron by amending complaints filed in the U.S. District Court for the Eastern District of Texas. The company has added its U.S. Patent No. 10,025,731 to the existing litigation involving U.S. Patent No. 12,308,087, targeting DDR5 DIMM and High-Bandwidth Memory (HBM) products respectively.

The patents cover critical technologies for AI computing, with projected annual U.S. revenues of $25 billion each for Samsung and Micron by 2031 in HBM, and $65 billion in DDR5 DIMM by 2029. Notably, Netlist has previously secured $866 million in damages from Samsung and Micron for willful patent infringement over the past two years.

Netlist (OTCQB:NLST) has announced a $12.0 million registered direct offering of common stock and warrants. The company will sell 17,142,860 shares at $0.70 per share, with investors receiving warrants to purchase up to two additional shares for each share purchased.

CEO Chun K. Hong has committed to purchase $3.0 million of the offering. The warrants will have an exercise price of $0.70 per share, be immediately exercisable, and expire in five years. The offering, managed by Roth Capital Partners, is expected to close around June 25, 2025. Proceeds will be used for general corporate purposes and working capital.

Netlist (NLST) has strengthened its Board of Directors with the appointment of two independent members, Jun S. Cho and Blake Welcher, effective June 20, 2025. Jun Cho brings extensive experience in technology licensing and international business from his role as VP and General Counsel for Stellantis NV's India Asia Pacific Region, along with background in international financing from prestigious law firms. Blake Welcher, currently a Strategic Board Member at Curbit, contributes significant expertise in legal and licensing operations from his previous roles at Revolution Prep, PSI Services, and notably as Executive VP of Legal & Licensing at DTS, Inc. Both appointments align with Netlist's focus on product development and intellectual property initiatives.

Netlist (OTCQB:NLST) has secured a final court order upholding a $445 million damages award against Micron Technology in a patent infringement case. The United States District Court for the Eastern District of Texas denied Micron's post-trial motions, confirming the jury's May 2024 verdict that found Micron willfully infringed Netlist's patented technologies. The award represents reasonable royalties for infringement periods spanning April 2021 to May 2024 for the '912 patent and August 2021 to May 2024 for the '417 patent. The case centered on Netlist's intellectual property related to HBM and AI memory technologies, with CEO C.K. Hong emphasizing the significant value of their IP portfolio as reflected in the substantial award for a limited damages period.