Netlist - NLST STOCK NEWS

Netlist announced a victory in a patent infringement trial against Micron Technology, securing $445 million in damages. The U.S. District Court for the Eastern District of Texas found Micron guilty of willfully infringing Netlist's U.S. Patent Nos. 7,619,912 and 11,093,417. The infringement involved Micron's DDR4 RDIMMs and DDR4 LRDIMMs, covering periods from April 2021 to May 2024 and August 2021 to May 2024, respectively. This marks the second consecutive jury win for Netlist within a year for patent infringement by a global semiconductor manufacturer, highlighting Netlist's firm stance on protecting its intellectual property.

Netlist (OTCQB:NLST) announced a significant legal victory against Samsung in the Federal District Court for the Central District of California. The jury found that Samsung materially breached the 2015 Joint Development and License Agreement, resulting in Samsung losing its license to Netlist's patent portfolio.

Samsung, being the largest memory manufacturer globally with annual memory revenues in the tens of billions, faces substantial implications from this verdict. Netlist's CEO, C.K. Hong, expressed gratitude to the jury and emphasized the company's commitment to protecting its intellectual property and ensuring fair compensation for its shareholders.

Netlist, Inc. (NLST) reported a significant increase in net sales for the first quarter of 2024, reaching $35.8 million compared to $9.0 million in the same quarter of the previous year. The company's gross profit improved to $0.7 million, with a net loss of ($17.0) million. Despite the positive financial results, Netlist faced challenges with recent Patent Trial Board decisions regarding their '912 patent. The company remains focused on defending its intellectual property rights and aims to fairly license its innovative technologies.

Netlist, Inc. (NLST) will release its first-quarter 2024 financial results on April 25, 2024, before 9:30 a.m. Eastern Time. A conference call will follow at 12:00 p.m. Eastern Time. Participants are encouraged to pre-register for immediate access. The call can be joined by dialing +1 (412) 317-5443 and requesting the 'Netlist Conference Call'. A webcast and replay will be available on Netlist's website.

Netlist, Inc. (NLST) to participate in the 36th Annual Roth Conference, engaging in 1-on-1 meetings with investors on March 18th.

Netlist, Inc. (NLST) reported strong financial results for the full-year and fourth quarter of 2023, with net product sales increasing by 100% and 54% in the fourth quarter compared to the previous quarter and the same period last year, respectively. The company's CEO highlighted continued revenue growth and investments in intellectual property. However, despite revenue gains, there was a significant decrease in net sales and gross profit for the full year of 2023 compared to 2022. Net losses also increased for both the fourth quarter and full year of 2023, mainly due to stock-based compensation expenses. As of December 30, 2023, the company had $52.8 million in cash and equivalents.

Netlist, Inc. (NLST) will release its financial results for Q4 and full year 2023 on February 13, 2024. A conference call will be held at 12:00 p.m. ET on the same day. Participants are encouraged to pre-register for the call to receive a unique PIN for immediate access. The call can also be joined without pre-registration by dialing +1 (412) 317-5443 and requesting the 'Netlist Conference Call'. A live webcast and archived replay will be available on Netlist's website.

Netlist, Inc. reported a 67% improvement in product revenue for the third quarter of 2023 compared to the previous quarter. The company attributes this growth to the recovery of the memory market and the increasing demand for its technology in new DDR5 based servers and high bandwidth memory for AI. Net sales for the quarter were $16.7 million, a decrease from $34.4 million in the same quarter last year. The gross profit for the quarter was $0.4 million, down from $2.2 million in the previous year. Net loss for the quarter was ($17.3) million, compared to ($9.6) million in the prior year period. As of September 30, 2023, the company had $50.6 million in cash, cash equivalents, and restricted cash.

Netlist, Inc. will report its financial results for Q3 2023 on October 31, 2023. A conference call will be held at 12:00 p.m. ET on the same day.