---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-051650"
form_type: "8-K"
ticker: "NLST"
cik: "0001282631"
company_name: "NETLIST INC"
filed_at: "2024-04-25T23:59:59+00:00"
generated_at: "2026-06-03T07:35:22.359324+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-24-051650
- form_type: 8-K
- ticker: NLST
- cik: 0001282631
- company_name: NETLIST INC
- filed_at: 2024-04-25T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1282631/000110465924051650/0001104659-24-051650-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1282631/000110465924051650/tm2412480d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-051650
- JSON: https://secwatch.observer/filing/0001104659-24-051650.json
- Plain text: https://secwatch.observer/filing/0001104659-24-051650.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1282631/000110465924051650/0001104659-24-051650-index.htm

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