Netlist Stock Price, News & Analysis

Netlist, Inc. (OTCQB: NLST) achieved a significant legal victory against Samsung, with the Central District Court of California granting summary judgment in favor of Netlist for material breach of their Joint Development and License Agreement (JDLA) from November 2015. The court's ruling terminates Samsung's license to Netlist's patent portfolio. A trial to determine direct damages from the breach is set to begin on November 30, 2021.

Netlist, Inc. (OTCQB:NLST) reported strong financial results for Q2 2021, with revenues of $64.4 million, a 123% increase quarter-over-quarter. This included $40 million in licensing fees and $24.4 million in product revenue, marking a 64% year-over-year growth. The company achieved a net income of $27.8 million, or $0.13 per share, rebounding from a net loss of ($1.8) million in the same period last year. As of July 3, 2021, Netlist had $54.4 million in cash and $35.9 million in stockholders' equity, positioning itself for further investments.

Netlist, Inc. (NLST) will announce its financial results for Q2 2021 on August 3, 2021, at 9:30 a.m. ET. A conference call is scheduled for the same day at 12:00 p.m. ET. Netlist encourages participants to pre-register for the call to receive a unique PIN for easy access. If not pre-registered, participants can join by dialing +1 (412) 317-5443. The call will be available as a live webcast and archived replay on Netlist's investor website. The company specializes in high-performance SSDs and modular memory subsystems, catering to diverse enterprise sectors.

Netlist, Inc. (OTCQB:NLST) announced its Q1 2021 financial results, reporting net sales of $14.9 million, up from $14.6 million in Q1 2020. However, gross profit decreased to $1.5 million (10.1% of net sales) from $2.1 million (14.4% of net sales) year-over-year. The company incurred a net loss of $4.0 million compared to a loss of $1.5 million in the prior year. As of April 3, 2021, cash, cash equivalents, and restricted cash totaled $26.5 million. Product revenue grew by 30% sequentially, attributed to strong sales momentum and demand.

Netlist, Inc. (OTCQB:NLST) will announce its Q1 2021 financial results on May 11, 2021, before 9:30 a.m. ET. A conference call will follow at 12:00 p.m. ET, allowing participants to pre-register for immediate access. Netlist is known for its high-performance SSDs and modular memory subsystems, catering to various industries. The company holds patents in server memory, hybrid memory, and storage class memory. For details, visit www.netlist.com.

Netlist has announced a strategic agreement with SK hynix for a patent cross-license covering memory technologies. The deal includes access to Netlist's patent portfolio and a royalty agreement from SK hynix. Additionally, both companies will collaborate on developing Netlist's CXL HybriDIMM technology. This agreement aims to resolve all pending legal matters between them in Texas courts. A conference call is scheduled for April 7, 2021, to discuss the announcement further. This partnership marks a significant step in enhancing collaboration and innovation in memory technology.

Netlist announced the launch and shipment of its N1962 Series Gen4 NVMe SSDs, designed for high-performance server and storage applications. These SSDs utilize the PCIe Gen4 protocol and offer backward compatibility with Gen3, enabling speeds of 7 GB/s sequential and 1.6M IOPS random read. With capacities available up to 16TB, the N1962 SSDs aim to meet the growing demand amid a tight supply environment. Short lead times of <2 to 4 weeks enhance service to enterprise clients, ensuring their production schedules remain intact.

Netlist, Inc. (OTCQB:NLST) has appointed Todd Levy as Vice President of Sales. With over 25 years of experience in memory and storage businesses, Levy previously held significant roles at SMART Modular Technologies and served as Global Account Manager for Dell at Netlist in the early 2000s. C.K. Hong, CEO, emphasized Levy's strong industry knowledge and relationships, marking a potential strategic advantage for the company.

Netlist offers high-performance SSDs and modular memory solutions, focusing on innovation in data storage and advanced memory technologies.

Netlist, Inc. (OTCQB:NLST) announced a favorable claim construction order from the U.S. District Court for the Western District of Texas regarding patent infringement against SK hynix related to its RDIMM and LRDIMM memory products.

The Court's decision supports Netlist's proposed definitions for key patent claims, positioning them strongly in the case. A jury trial is scheduled for July 6, 2021, following the discovery and pre-trial phase. This order is seen as a critical development for Netlist in asserting patent validity and potential infringement.