secwatch.observer — SEC 8-K summary
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Issuer:     NETLIST INC (NLST)
CIK:        0001282631
Form:       8-K
Filed at:   2023-04-25T23:59:59+00:00
Accession:  0001104659-23-049321
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1282631/000110465923049321/0001104659-23-049321-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1282631/000110465923049321/tm2313342d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-049321

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer