NETLIST INC - NLST STOCK NEWS

Netlist (OTCQB:NLST) has secured a Final Judgment in its patent infringement case against Samsung Electronics in the United States District Court for the Eastern District of Texas. The Court upheld the November 2024 jury verdict, confirming Samsung's willful infringement of Netlist's patented technologies and ordering a $118 million damages payment.

This ruling follows a separate $303 million jury award from April 2023 for similar patent infringement claims against Samsung, bringing the total damages awarded to Netlist to $421 million. The company remains confident the Court's ruling will withstand any post-judgment motions and appeals.

Netlist (NLST) has won a $118 million damages award against Samsung in a patent infringement trial at the United States District Court for the Eastern District of Texas. The federal jury unanimously found that Samsung willfully infringed three Netlist patents (7,619,912, 11,093,417, and 10,268,608) related to DDR4 RDIMMs and DDR4 LRDIMMs technology. This marks Netlist's third major victory in 19 months, following a $303 million award against Samsung in April 2023 and a $445 million award against Micron in May 2024, bringing total damages to $866 million.

Netlist (OTCQB:NLST) announced its participation in the 13th Annual Roth Technology Conference. The company will engage in one-on-one meetings during the event, scheduled for November 19th and 20th. This conference participation represents an opportunity for Netlist to connect with industry stakeholders and potential investors.

Netlist (NLST) reported Q3 2024 financial results with net sales increasing 140% to $40.2 million compared to $16.7 million in Q3 2023. The company secured a $303 million damages award against Samsung for patent infringement. Gross profit was $1.1 million, up from $0.4 million year-over-year. Net loss improved to ($9.4) million, or ($0.04) per share, compared to ($17.3) million, or ($0.07) per share in Q3 2023. The company raised $15 million post-quarter and reported cash and equivalents of $29.8 million as of September 28, 2024.

Netlist, Inc. (OTCQB:NLST) has announced its schedule for reporting third quarter 2024 financial results and hosting a conference call. The company will release its financial results for the quarter ended September 28, 2024, before 9:30 a.m. Eastern Time on Tuesday, October 29, 2024. Following this, Netlist will host a conference call at 12:00 p.m. Eastern Time on the same day.

Participants are encouraged to pre-register for the conference call to receive a unique PIN for immediate access. Those who haven't pre-registered can join by dialing +1 (412) 317-5443 and requesting the "Netlist Conference Call." Additionally, a live webcast and archived replay of the call will be available in the Investor's section of Netlist's website at www.netlist.com.

Netlist (OTCQB:NLST) has announced a $15 million registered direct offering of common stock and warrants. The offering includes 13,636,364 shares of common stock, along with Series A and B Warrants to purchase an additional 13,636,364 shares each. Series A Warrants have an exercise price of $1.30 per share and a 5-year expiration, while Series B Warrants have an exercise price of $1.10 per share and expire in 100 days. The offering is expected to close around October 14, 2024. Roth Capital Partners is the exclusive placement agent. Netlist plans to use the net proceeds for general corporate purposes, including working capital. The offering is made under a shelf registration statement filed with the SEC on July 24, 2024, and declared effective on August 14, 2024.

Netlist, Inc. (OTCQB:NLST) reported its Q2 2024 financial results, highlighting significant legal victories and revenue growth. Net sales increased by 267% to $36.8 million, compared to $10.0 million in Q2 2023. The company won a $445 million damages award against Micron for patent infringement and secured a jury verdict against Samsung for breaching their joint development agreement. Despite the sales growth, Netlist reported a net loss of $14.8 million, or $0.06 per share. For the first half of 2024, net sales were $72.6 million with a net loss of $31.7 million. As of June 29, 2024, Netlist had $36.4 million in cash and cash equivalents, with total assets of $55.6 million and a working capital deficit of $1.3 million.

Netlist, Inc. (OTCQB:NLST) has secured a final order in its patent infringement case against Samsung Electronics. The United States District Court for the Eastern District of Texas has denied Samsung's post-trial motions, upholding the jury's verdict and $303,150,000 damages award from the April 2023 trial. The court confirmed that Samsung willfully infringed Netlist's patented technologies related to high bandwidth memory (HBM) and DDR5 memory, which are important for generative AI computing. The award represents a reasonable royalty for a past damages period. Netlist's CEO, C.K. Hong, emphasized the growing value of their technology in enabling AI.

Netlist, Inc. (OTCQB:NLST) has announced its schedule for reporting second quarter 2024 financial results and hosting a conference call. The company will release its financial results for the quarter ended June 29, 2024, on Tuesday, July 30, 2024, before 9:30 a.m. Eastern Time. A conference call will follow at 12:00 p.m. Eastern Time on the same day.

Netlist encourages participants to pre-register for the conference call to receive a unique PIN for immediate access. Those who haven't pre-registered can join by dialing +1 (412) 317-5443 and requesting the "Netlist Conference Call." A live webcast and archived replay of the call will be available in the Investor's section of Netlist's website at www.netlist.com.