Netlist reports full year revenue up 201% to $142.4M; net income $4.8M vs prior loss

NETLIST INC

2021-FY EPS reported $0.02 revenue$142,355,000

Full year 2021 revenue $142.4M (+201% YoY); gross profit $48.9M (34.3% margin vs 14.3%).
Full year net income $4.8M ($0.02 diluted EPS) vs net loss of $7.3M ($0.04 loss) prior year.
Q4 revenue $36.3M (up from $11.5M), but net loss $8.2M ($0.04 loss) vs $1.8M loss prior year.
Cash, cash equivalents & restricted cash $58.5M; working capital $52.6M; total debt $7.6M.
CEO cites strong product sales growth and progress in IP initiatives for continued growth in 2022.

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