Netlist Q2 sales up 267% to $36.8M; secures $445M Micron verdict and Samsung breach ruling

NETLIST INC

2024-Q2 EPS reported -$0.12 revenue$72,642,000

Net sales $36.8M (up 267% YoY from $10.0M); net loss ($14.8M) or ($0.06)/share.
Won $445M damages verdict against Micron for willful patent infringement in Eastern District of Texas.
Jury confirmed Samsung materially breached 2015 JDLA; Samsung no longer licensed to Netlist patents.
Cash and restricted cash $36.4M; working capital deficit ($1.3M); stockholders' deficit ($0.2M).
CEO reports $748M in total jury awards for willful infringement over the past year.

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