secwatch.observer — SEC 8-K summary
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Issuer:     NETLIST INC (NLST)
CIK:        0001282631
Form:       8-K
Filed at:   2024-04-25T23:59:59+00:00
Accession:  0001104659-24-051650
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1282631/000110465924051650/0001104659-24-051650-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1282631/000110465924051650/tm2412480d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-051650

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