Welcome to our dedicated page for Netlist news (Ticker: NLST), a resource for investors and traders seeking the latest updates and insights on Netlist stock.
Netlist, Inc. (NLST) designs high-performance memory subsystems that address critical challenges in enterprise computing and AI infrastructure. This page serves as the definitive source for official company announcements, financial updates, and technology developments.
Access real-time press releases, earnings reports, and strategic partnership announcements to stay informed about Netlist's patented innovations in modular memory solutions. Our curated collection ensures you never miss critical updates on product launches, intellectual property milestones, or industry recognition.
Bookmark this page for streamlined access to verified information about NLST's advancements in DDR technology and memory architecture. Regular updates provide insights into how the company continues to shape next-generation computing solutions through its engineering expertise and quality-certified manufacturing processes.
Netlist reported its Q1 2023 financial results with net sales of $9.0 million, a significant drop from $50.2 million in Q1 2022. The company faced a net loss of $15.8 million or $0.07 per share, compared to a loss of $5.9 million or $0.03 per share in the previous year. The gross profit also decreased to $0.6 million from $3.4 million. Positive news included a $303 million jury verdict against Samsung for infringing Netlist's patents. As of April 1, 2023, Netlist's cash, cash equivalents, and restricted cash totaled $36.6 million
Netlist, Inc. has achieved a significant legal victory against Samsung with a jury awarding $303 million in damages for the infringement of five patents. This outcome was reached in the United States District Court for the Eastern District of Texas after a six-day trial. The jury confirmed that all five Netlist patents were willfully infringed by Samsung's DDR4 and DDR5 memory products. Chief Judge Rodney Gilstrap stated that Samsung not only infringed on these patents but did so with knowledge of their validity. The damages awarded represent infringement occurring through March 2023. CEO C.K. Hong emphasized the case as a pivotal reminder of the challenges smaller innovators face against larger entities misusing their technology. Netlist plans to address its first quarter results and this announcement during a conference call on April 25, 2023.
Netlist, Inc. (OTCQB:NLST) announced it will report its financial results for Q1 ending April 1, 2023, on April 25, 2023, before 9:30 a.m. ET. A conference call will follow at 12:00 p.m. ET, where participants are encouraged to pre-register for immediate access. Callers can also join by dialing +1 (412) 317-5443. Netlist, known for providing high-performance memory solutions, licenses its intellectual property to various companies. It specializes in custom and specialty memory products for enterprise customers and cloud service providers. For detailed information, visit www.netlist.com.
Netlist reported its financial results for the fourth quarter and full year ended December 31, 2022. Net product sales for 2022 surged by 58% to $161.6 million, up from $102.4 million in 2021, while gross profit increased by 34% to $11.9 million. However, the company faced a net loss of $33.4 million for the year, a stark contrast to a net income of $4.8 million in the prior year. The fourth quarter showed lower sales at $21.7 million compared to $36.3 million last year, with a net loss of $12.9 million. CEO C.K. Hong cautioned about weak memory demand impacting near-term performance but highlighted ongoing efforts to license intellectual property.
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