Netlist Q1 sales surge 297% to $35.8M; net loss widens to $17.0M

NETLIST INC

2024-Q1 EPS reported -$0.07 revenue$35,807,000

Net sales $35.8M vs $9.0M YoY (+297%), driven by memory market turnaround.
Gross profit $0.7M vs $0.6M; net loss $17.0M ($0.07/shr) vs $15.8M ($0.07/shr).
Cash, cash equivalents and restricted cash $41.1M; working capital $9.0M.
CEO cites disappointing PTAB decisions on '912 patent; considering options to defend IP.
Stock-based compensation expense $1.4M in Q1 2024 vs $1.1M in Q1 2023.

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 0.9

NETLIST INC reported first quarter ended March 30, 2024 results: revenue $35.8 million, net income ($17.0) million, EPS ($0.07) per share.

Period: first quarter ended March 30, 2024
Revenue: $35.8 million
Net income: ($17.0) million
EPS: ($0.07) per share
Result: reported results

Exact text from the filing

NLST) today reported financial results for the first quarter ended March 30, 2024. First Quarter 2024 Highlights: · Net sales for the first quarter of 2024 increased by 297% to $35.8 million compared to $9.0 million from the same quarter one year ago. “First quarter revenue improved nearly threefold and reflects the strong turnaround in the memory market from the

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Source: SEC EDGAR

accession 0001104659-24-051650

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