Netlist Q4 revenue up 54% YoY; FY 2023 net loss widens to $60.4M

NETLIST INC

2023-FY EPS reported -$0.25 revenue$69,205,000

Q4 net product sales $33.4M, up 54% from $21.7M YoY and 100% QoQ.
Q4 net loss $13.2M ($0.05 per share) vs $12.9M loss ($0.06) in prior year.
Full year net sales $69.2M, down 57% from $161.6M; net loss $60.4M ($0.25) vs $33.4M ($0.14).
Cash, equivalents and restricted cash $52.8M as of Dec 30, 2023.
CEO expects 2024 trials against Micron and Samsung over IP used in AI memory products.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

NETLIST INC reported fourth quarter ended December 30, 2023 results: net income ($13.2) million, EPS ($0.05) per share.

Period: fourth quarter ended December 30, 2023
Net income: ($13.2) million
EPS: ($0.05) per share
Result: reported results

Exact text from the filing

Net sales for the fourth quarter ended December 30, 2023 were $33.4 million, compared to net sales of $21.7 million for the fourth quarter ended December 31, 2022.

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

NETLIST INC reported fourth quarter ended December 30, 2023 results: net income ($13.2) million, EPS ($0.05) per share.

Period: fourth quarter ended December 30, 2023
Net income: ($13.2) million
EPS: ($0.05) per share
Result: reported results

Exact text from the filing

Net loss for the fourth quarter ended December 30, 2023 was ($13.2) million, or ($0.05) per share, compared to a net loss of ($12.9) million in the same period of prior year, or ($0.06) per share.

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

NETLIST INC reported full year ended December 30, 2023 results: net income ($60.4) million, EPS ($0.25) per share.

Period: full year ended December 30, 2023
Net income: ($60.4) million
EPS: ($0.25) per share
Result: reported results

Exact text from the filing

Net sales for the full year ended December 30, 2023 were $69.2 million, compared to net sales of $161.6 million for the full year ended December 31, 2022.

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

NETLIST INC reported full year ended December 30, 2023 results: net income ($60.4) million, EPS ($0.25) per share.

Period: full year ended December 30, 2023
Net income: ($60.4) million
EPS: ($0.25) per share
Result: reported results

Exact text from the filing

Net loss for the full year ended December 30, 2023 was ($60.4) million, or ($0.25) per share, compared to a net loss in the prior year period of ($33.4) million, or ($0.14) per share.

View on SEC.gov

8 earnings releases filed in the last 30 days. Browse all earnings releases →

NETLIST INC filing history →

Source: SEC EDGAR

accession 0001104659-24-017426

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