Netlist Stock Price, News & Analysis

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.

Netlist, Inc. (OTCQB:NLST) plans to announce its financial results for Q4 and full-year 2022 on February 21, 2023, before 9:30 a.m. Eastern Time. A conference call is scheduled for the same day at 12:00 p.m. Eastern Time, where participants can pre-register to gain immediate access through a unique PIN. The company specializes in high-performance memory solutions and licenses its patents to enhance server and storage systems for enterprise customers. Investors can access a live webcast and archived replay of the call on its website.

Netlist, Inc. (OTCQB:NLST) announced a favorable claim construction order from the U.S. District Court for the Eastern District of Texas in its case against Samsung. The court largely adopted Netlist's arguments during the hearing held on November 4, 2022. The final order paves the way for a jury trial scheduled to begin on May 1, 2023. Netlist's Director of IP Strategy expressed satisfaction with the ruling, which supports the majority of terms contested. This legal victory may strengthen Netlist's position in the ongoing litigation.

Netlist, Inc. (OTCQB:NLST) reported a 29% increase in net product sales, reaching $34.4 million for Q3 2022, compared to $26.7 million in Q3 2021. Year-to-date sales more than doubled to $140.0 million from $66.0 million. Gross profit for Q3 was $2.2 million, down from $2.5 million a year prior. However, a net loss of $9.6 million was recorded, slightly improved from a $10.7 million loss in the previous year. Despite strong revenue growth, the company highlighted challenges due to an oversupplied market, which is expected to persist into 2023.

Netlist, Inc. (OTCQB:NLST) will report its third-quarter financial results for the period ending October 1, 2022, on October 27, 2022, before 9:30 a.m. Eastern Time. A conference call will follow at 12:00 p.m. Eastern Time, with pre-registration encouraged for participants to streamline access. The call will also be available via live webcast and archived replay on Netlist's website. The company specializes in high-performance SSDs and modular memory solutions for enterprise clients, licensing its intellectual property in server and hybrid memory.

Netlist, Inc. (OTCQB:NLST) announced its financial results for Q2 2022, reporting a significant increase in net product sales, which rose to $55.4 million, more than double from $24.4 million in Q2 2021. Product gross profit also saw a noteworthy rise, reaching $4.7 million compared to $2.9 million the previous year. However, the company recorded a net loss of $5.0 million for the quarter, contrasting with a net income of $27.8 million in Q2 2021. As of the end of Q2 2022, Netlist held $60.6 million in cash and total assets of $99.6 million.

Netlist, Inc. (OTCQB:NLST) will report its second quarter financial results for the period ending July 2, 2022, on August 2, 2022, at 9:30 a.m. ET. A conference call will follow at 12:00 p.m. ET, where participants can pre-register for quick access. Netlist specializes in high-performance solid-state drives and modular memory solutions, catering to diverse industries and cloud service providers. The company also licenses its innovative technology in server memory and storage class memory.

Netlist, Inc. (OTCQB:NLST) announced a significant legal victory as the U.S. District Court for the Northern District of California granted its motion for summary judgment regarding claim 16 of its patent '912. This ruling enables Netlist to enforce its patent rights against Google, which has allegedly used Netlist's intellectual property without authorization. Although other claims under the '912 patent face intervening rights, Netlist aims to pursue damages for Google's infringement. A case management conference is set for June 23, 2022.