---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-049321"
form_type: "8-K"
ticker: "NLST"
cik: "0001282631"
company_name: "NETLIST INC"
filed_at: "2023-04-25T23:59:59+00:00"
generated_at: "2026-06-16T15:40:45.688078+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Netlist Q1 revenue plunges 82% to $9.0M; net loss widens to $15.8M; $303M jury verdict against Samsung

## Summary
- Net sales $9.0M vs $50.2M YoY; gross profit $0.6M vs $3.4M.
- Net loss ($15.8M) or ($0.07) per share vs ($5.9M) or ($0.03) per share.
- Cash and restricted cash $36.6M; total assets $55.7M; working capital $22.0M.
- Unanimous jury verdict awarded Netlist $303M for Samsung's willful infringement of five patents.
- CEO cites ongoing memory market downturn; product business continues to be impacted.

## SEC filing metadata
- accession: 0001104659-23-049321
- form_type: 8-K
- ticker: NLST
- cik: 0001282631
- company_name: NETLIST INC
- filed_at: 2023-04-25T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1282631/000110465923049321/0001104659-23-049321-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1282631/000110465923049321/tm2313342d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-049321
- JSON: https://secwatch.observer/filing/0001104659-23-049321.json
- Plain text: https://secwatch.observer/filing/0001104659-23-049321.txt

## Key facts
- Earnings Releases
  NETLIST INC reported first quarter ended April 1, 2023 results: revenue $9.0 million, net income ($15.8) million, EPS ($0.07) per share.
  - Period: first quarter ended April 1, 2023
  - Revenue: $9.0 million
  - Net income: ($15.8) million
  - EPS: ($0.07) per share
  - Result: reported results
  source text: Net sales for the first quarter ended April 1, 2023 were $9.0 million, compared to net sales of $50.2 million for the first quarter ended April 2, 2022. Gross profit for the first quarter ended April 1, 2023 was $0.6 million, compared to a gross profit of $3.4 million for the first quarter ended April 2, 2022. Net loss for the first quarter ended April 1, 2023 was ($15.8) million, or ($0.07) per share, compared to a net loss in the prior year period of ($5.9) million, or ($0.03) per share.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1282631/000110465923049321/0001104659-23-049321-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.