Netlist full-year revenue up 58% to $161.6M; Q4 sales drop 40% YoY, net loss widens

NETLIST INC

2022-FY EPS reported -$0.14 revenue$161,637,000

Full year 2022 net product sales $161.6M (+58% YoY); product gross profit $11.9M (+34% YoY).
Q4 2022 net sales $21.7M (down from $36.3M in Q4 2021); product gross profit $1.6M (down from $2.0M).
Q4 net loss ($12.9M) or ($0.06)/share vs. ($8.2M) or ($0.04)/share in prior year period.
Full year net loss ($33.4M) or ($0.14)/share vs. net income of $4.8M or $0.02/share in 2021.
Cash and equivalents $43.6M; CEO expects weak memory demand in 2023 to impact near-term performance.

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