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) is a semiconductor and related device manufacturing company that focuses on advanced memory and storage technologies. Its press releases emphasize a portfolio of patented inventions that the company describes as foundational to AI computing, particularly in connection with DDR5 memory modules and high-bandwidth memory (HBM). The NLST news feed on Stock Titan aggregates these company-issued updates and related coverage.
Investors following NLST news can see announcements about quarterly financial results, where Netlist reports net sales, gross profit, operating expenses, and commentary on demand for DDR5 memory modules for AI and data center applications. These releases also detail research and development spending and intellectual property legal fees, providing insight into how the company balances technology development with patent enforcement activities.
Another central theme in Netlist’s news is its intellectual property strategy. The company regularly reports on patent litigation and proceedings before the U.S. International Trade Commission and U.S. district courts. Recent items include ITC complaints seeking exclusion and cease and desist orders against certain Samsung memory products, Federal Circuit decisions affirming the validity of Netlist patents, and new infringement actions involving DDR5-related patents.
Netlist also uses news releases to communicate capital markets and corporate actions, such as registered direct offerings of common stock and warrants, and scheduling of earnings conference calls. Readers who track NLST news can use this page to monitor developments in Netlist’s financial disclosures, patent enforcement efforts, and corporate transactions over time.
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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.
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.