---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-086073"
form_type: "8-K"
ticker: "NLST"
cik: "0001282631"
company_name: "NETLIST INC"
filed_at: "2023-08-01T23:59:59+00:00"
generated_at: "2026-06-12T17:11:42.607022+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Netlist Q2 sales drop 82% to $10M; net loss widens to $14M; CEO sees market bottom and legal wins

## Summary
- Q2 net sales $10.0M vs $55.4M YoY; gross profit $0.2M vs $4.7M.
- Net loss $14.0M ($0.06/sh) vs $5.0M ($0.02/sh) in Q2 2022; six-month loss $29.8M.
- Cash & restricted cash $31.4M; total debt $0.2M; stockholders' equity $21.6M.
- CEO: memory market bottomed; expects H2 growth; favorable Micron claim construction; awaiting $303M Samsung verdict.
- Stock-based compensation $1.2M in Q2 (vs $0.8M prior year).

## SEC filing metadata
- accession: 0001104659-23-086073
- form_type: 8-K
- ticker: NLST
- cik: 0001282631
- company_name: NETLIST INC
- filed_at: 2023-08-01T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1282631/000110465923086073/0001104659-23-086073-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1282631/000110465923086073/tm2322264d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-086073
- JSON: https://secwatch.observer/filing/0001104659-23-086073.json
- Plain text: https://secwatch.observer/filing/0001104659-23-086073.txt

## Key facts
- Earnings Releases
  NETLIST INC reported the second quarter ended July 1, 2023 results: revenue $10.0 million, net income ($14.0) million, EPS ($0.06) per share.
  - Period: the second quarter ended July 1, 2023
  - Revenue: $10.0 million
  - Net income: ($14.0) million
  - EPS: ($0.06) per share
  - Result: reported results
  source text: Net sales for the second quarter ended July 1, 2023 were $10.0 million, compared to net sales of $55.4 million for the second quarter ended July 2, 2022. Gross profit for the second quarter ended July 1, 2023 was $0.2 million, compared to a gross profit of $4.7 million for the second quarter ended July 2, 2022. Net sales for the six months ended July 1, 2023 were $19.0 million, compared to net sales of $105.6 million for the six months ended July 2, 2022. Gross profit for the six months ended July 1, 2023 was $0.8 million, compared to a gross profit of $8.1 million for the six months ended July 2, 2022. Net loss for the second quarter ended July 1, 2023 was ($14.0) million, or ($0.06) per share, compared to a net loss in the prior year period of ($5.0) million, or ($0.02) per share.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1282631/000110465923086073/0001104659-23-086073-index.htm

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