earnings
confidence high
sentiment neutral
materiality 0.65
Netlist Q3 revenue up 29% to $34.4M; net loss narrows to $9.6M
NETLIST INC
2022-Q3 EPS reported
-$0.09
revenue$139,982,000
- Net product sales of $34.4M (+29% YoY) vs $26.7M; product gross profit fell to $2.2M from $2.5M.
- Net loss of $9.6M ($0.04/sh) compares to prior-year loss of $10.7M ($0.05/sh); includes $0.9M stock comp.
- Year-to-date sales more than doubled to $140.0M from $66.0M; net loss YTD $20.4M vs net income of $13.1M.
- Cash and equivalents $43.4M; total debt $8.0M; stockholders' equity $38.7M.
- CEO cites over-supplied environment expected to continue into 2023.