secwatch.observer — SEC 8-K summary
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Issuer:     NETLIST INC (NLST)
CIK:        0001282631
Form:       8-K
Filed at:   2025-05-06T23:59:59+00:00
Accession:  0001104659-25-044820
Event type: earnings
Sentiment:  neutral
Materiality: 0.50
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Netlist Q1 2025: revenue $29.0M (down 19% YoY), net loss $9.5M narrows from $17.0M
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- Net sales $29.0M vs $35.8M in Q1 2024; gross profit $1.3M up from $0.7M.
- Operating expenses down 39% to $11.1M; net loss $0.03 per share vs $0.07 loss last year.
- Cash, cash equivalents and restricted cash $25.6M; working capital deficit $15.0M.
- CEO C.K. Hong cites AI-driven memory market transition to HBM and DDR5 as growth catalyst.
- Stock-based compensation was $1.0M in Q1 2025 vs $1.4M in Q1 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1282631/000110465925044820/0001104659-25-044820-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1282631/000110465925044820/tm2513805d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-25-044820

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