NETLIST INC reported first quarter ended March 28, 2026 results: revenue $104.9 million, net income $8.6 million, EPS $0.03 per share.
“, May 12, 2026 - Netlist, Inc. (OTCQB: NLST) today reported financial results for the first quarter ended March 28, 2026. Highlights: · Net sales for first quarter of 2026 were $104.9 million, an increase of 262% compared to the first quarter of 2025. · Gross profit for first quarter of 2026 was $22.4 million, an increase of 1,622% compared to the first quarter of”
Material Agreements
NETLIST INC amended First Amendment to Lease with University Research Park LLC (effective 2026-03-04).
“On March 4, 2026, Netlist, Inc. (the “Company”) entered into a First Amendment to Lease (the “Lease Amendment”) with University Research Park LLC (the “Landlord”), pursuant to which the Company and the Landlord agreed to renew the Company’s existing lease dated April 28, 2021 (the “Lease”), relating to the Company’s corporate headquarter located at 111 Academy, Suite 100, Irvine, CA 92617 (the “Premises”).”
Equity Issuances
NETLIST INC issued warrant to the Purchasers (as defined in the Purchase Agreement) for reduction of the exercise price of the June 2025 Warrants to the lesser of $0.60 and the lowest VWAP of the shares of common stock on any trading day during the.
“The Purchasers also agreed to amend certain issued and outstanding Common Stock Purchase Warrants held by such Purchasers (the “June 2025 Warrants”) previously issued pursuant to that certain Securities Purchase Agreement, dated as of June 24, 2025 (the “June 2025 Purchase Agreement”) to, among other things, revise certain anti-dilution provisions in the June 2025 Warrants in exchange for the reduction of the exercise price of the June 2025 Warrants to the lesser of $0.60 and the lowest VWAP of the shares of common stock on any trading day during the period commencing on the date of execution of the definitive agreements for the Offering and including, the fourth trading day immediately following the closing of the Offering”
Equity Issuances
NETLIST INC issued 28,571,432 shares of Common Stock of warrant to certain investors for $0.70 per Share and accompanying Warrants.
“the Company agreed to issue and sell to the Purchasers in a registered offering (the “Offering”) an aggregate of (i) 14,285,716 shares (the “Shares”) of the Company’s common stock, par value $0.001 per share (the “Common Stock”), and (ii) Common Stock Purchase Warrants (the “Warrants”) to purchase up to an aggregate of 28,571,432 shares of Common Stock (the “Warrant Shares”) at a combined purchase price of $0.70 per Share and accompanying Warrants”
Equity Issuances
NETLIST INC issued 14,285,716 shares of common stock to certain investors for $0.70 per Share and accompanying Warrants.
“the Company agreed to issue and sell to the Purchasers in a registered offering (the “Offering”) an aggregate of (i) 14,285,716 shares (the “Shares”) of the Company’s common stock, par value $0.001 per share (the “Common Stock”), and (ii) Common Stock Purchase Warrants (the “Warrants”) to purchase up to an aggregate of 28,571,432 shares of Common Stock (the “Warrant Shares”) at a combined purchase price of $0.70 per Share and accompanying Warrants”
Governance Changes
NETLIST INC: Approved amendment to Restated Certificate of Incorporation to increase authorized common stock from 450,000,000 to 675,000,000 shares (effective 2025-09-24).
“On September 24, 2025, the Company filed the Certificate of Amendment, which was effective upon filing, with the Secretary of State of the State of Delaware.”
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.
“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”
“fourth amendment (the “Fourth Amendment”) to the Rights Agreement. The Fourth Amendment appoints Equiniti Trust Company,”
Earnings Releases
NETLIST INC reported full year ended December 30, 2023 results: net income ($60.4) million, EPS ($0.25) per share.
“Net sales for the full year ended December 30, 2023 were $69.2 million, compared to net sales of $161.6 million for the full year ended December 31, 2022.”
Earnings Releases
NETLIST INC reported fourth quarter ended December 30, 2023 results: net income ($13.2) million, EPS ($0.05) per share.
“Net sales for the fourth quarter ended December 30, 2023 were $33.4 million, compared to net sales of $21.7 million for the fourth quarter ended December 31, 2022.”
Earnings Releases
NETLIST INC reported third quarter ended September 30, 2023 results: revenue $16.7 million, net income ($17.3) million, EPS ($0.07) per share.
“court. Netlist looks forward to having an opportunity to bring forth all the evidence supporting its position.” Net sales for the third quarter ended September 30, 2023 were $16.7 million, compared to net sales of $34.4 million for the third quarter ended October 1, 2022. Gross profit for the third quarter ended September 30, 2023 was $0.4 million, compared to a”
Shareholder Votes
NETLIST INC shareholders approved Ratification of Appointment of Independent Registered Public Accounting Firm at the 2023-08-16 meeting.
“For Against Abstain Broker Non-Votes 131,284,379 1,569,139 2,136,781 —”
Shareholder Votes
NETLIST INC shareholders approved Election of one Director at the 2023-08-16 meeting.
“Chun K. Hong 49,950,409 3,030,859 82,009,031”
Material Agreements
NETLIST INC entered into Lock-Up Agreements with directors and executive officers valued at 90-day lock-up period from closing (effective 2023-08-14).
“pursuant to the Purchase Agreement, the Company and its director and executive officers have entered into lock-up agreements (the "Lock-Up Agreements") pursuant to which they agreed not to offer for sale, contract to sell, or sell any shares of the Company's common stock or any securities convertible into, or exercisable or exchangeable for, shares of the Company's common stock, for a period of 90 days from the closing of the Offering, subject to certain customary exceptions.”
Material Agreements
NETLIST INC entered into Securities Purchase Agreement with certain investors valued at aggregate of 11,111,112 shares of common stock and warrants to purchase up to 11,111,112 shares of c (effective 2023-08-14).
“On August 14, 2023, Netlist, Inc. (the "Company") entered into a Securities Purchase Agreement (the "Purchase Agreement") with certain investors (the "Purchasers"), pursuant to which the Company agreed to issue and sell to the Purchasers in a registered offering (the "Offering") an aggregate of 11,111,112 shares (the "Shares") of the Company's common stock and warrants to purchase up to an aggregate of 11,111,112 shares of the Company's common stock (the "Warrants," and the shares issuable upon exercise of the Warrants, the "Warrant Shares") at a per share purchase price of $2.70 per share, for aggregate gross proceeds of approximately $30 million and expected net proceeds, after deducting placement agent fees and offering costs, of approximately $28.6 million.”
Material Agreements
NETLIST INC entered into Placement Agency Agreement with Roth Capital Partners, LLC valued at cash fee equal to 4% of aggregate gross proceeds (effective 2023-08-14).
“On August 14, 2023 the Company entered a Placement Agency Agreement (the "Placement Agreement") with Roth Capital Partners, LLC ("Roth"), pursuant to which Roth has agreed to act as the Company's placement agent in connection with the Offering.”
Earnings Releases
NETLIST INC reported the second quarter ended July 1, 2023 results: revenue $10.0 million, net income ($14.0) million, EPS ($0.06) per share.
“Net sales for the second quarter ended July 1, 2023 were $10.0 million, compared to net sales of $55.4 million for the second quarter ended July 2, 2022. Gross profit for the second quarter ended July 1, 2023 was $0.2 million, compared to a gross profit of $4.7 million for the second quarter ended July 2, 2022. Net sales for the six months ended July 1, 2023 were $19.0 million, compared to net sales of $105.6 million for the six months ended July 2, 2022. Gross profit for the six months ended July 1, 2023 was $0.8 million, compared to a gross profit of $8.1 million for the six months ended July 2, 2022. Net loss for the second quarter ended July 1, 2023 was ($14.0) million, or ($0.06) per share, compared to a net loss in the prior year period of ($5.0) million, or ($0.02) per share.”
Earnings Releases
NETLIST INC reported first quarter ended April 1, 2023 results: revenue $9.0 million, net income ($15.8) million, EPS ($0.07) per share.
“Net sales for the first quarter ended April 1, 2023 were $9.0 million, compared to net sales of $50.2 million for the first quarter ended April 2, 2022. Gross profit for the first quarter ended April 1, 2023 was $0.6 million, compared to a gross profit of $3.4 million for the first quarter ended April 2, 2022. Net loss for the first quarter ended April 1, 2023 was ($15.8) million, or ($0.07) per share, compared to a net loss in the prior year period of ($5.9) million, or ($0.03) per share.”
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