NETLIST INC - NLST STOCK NEWS

Netlist, Inc. reports financial results for Q2 2023, with a sluggish memory market and expected growth in the second half of the year. The favorable outcome in the Micron case is anticipated to result in a $303 million jury verdict for Samsung's infringement. Net sales for Q2 2023 were $10.0 million, compared to $55.4 million in Q2 2022. Net loss for Q2 2023 was ($14.0) million, or ($0.06) per share, compared to ($5.0) million, or ($0.02) per share, in the prior year period.

Netlist, Inc. will report its financial results for the second quarter ended July 1, 2023, before 9:30 a.m. Eastern Time on Tuesday, August 1, 2023. A conference call will be hosted at 12:00 p.m. Eastern Time on August 1, 2023. Participants are encouraged to pre-register for the call to gain immediate access. Dial-in details and a webcast can be found on Netlist's website.

Netlist reported its Q1 2023 financial results with net sales of $9.0 million, a significant drop from $50.2 million in Q1 2022. The company faced a net loss of $15.8 million or $0.07 per share, compared to a loss of $5.9 million or $0.03 per share in the previous year. The gross profit also decreased to $0.6 million from $3.4 million. Positive news included a $303 million jury verdict against Samsung for infringing Netlist's patents. As of April 1, 2023, Netlist's cash, cash equivalents, and restricted cash totaled $36.6 million

Netlist, Inc. has achieved a significant legal victory against Samsung with a jury awarding $303 million in damages for the infringement of five patents. This outcome was reached in the United States District Court for the Eastern District of Texas after a six-day trial. The jury confirmed that all five Netlist patents were willfully infringed by Samsung's DDR4 and DDR5 memory products. Chief Judge Rodney Gilstrap stated that Samsung not only infringed on these patents but did so with knowledge of their validity. The damages awarded represent infringement occurring through March 2023. CEO C.K. Hong emphasized the case as a pivotal reminder of the challenges smaller innovators face against larger entities misusing their technology. Netlist plans to address its first quarter results and this announcement during a conference call on April 25, 2023.

Netlist, Inc. (OTCQB:NLST) announced it will report its financial results for Q1 ending April 1, 2023, on April 25, 2023, before 9:30 a.m. ET. A conference call will follow at 12:00 p.m. ET, where participants are encouraged to pre-register for immediate access. Callers can also join by dialing +1 (412) 317-5443. Netlist, known for providing high-performance memory solutions, licenses its intellectual property to various companies. It specializes in custom and specialty memory products for enterprise customers and cloud service providers. For detailed information, visit www.netlist.com.

Netlist reported its financial results for the fourth quarter and full year ended December 31, 2022. Net product sales for 2022 surged by 58% to $161.6 million, up from $102.4 million in 2021, while gross profit increased by 34% to $11.9 million. However, the company faced a net loss of $33.4 million for the year, a stark contrast to a net income of $4.8 million in the prior year. The fourth quarter showed lower sales at $21.7 million compared to $36.3 million last year, with a net loss of $12.9 million. CEO C.K. Hong cautioned about weak memory demand impacting near-term performance but highlighted ongoing efforts to license intellectual property.

Netlist, Inc. (OTCQB:NLST) plans to announce its financial results for Q4 and full-year 2022 on February 21, 2023, before 9:30 a.m. Eastern Time. A conference call is scheduled for the same day at 12:00 p.m. Eastern Time, where participants can pre-register to gain immediate access through a unique PIN. The company specializes in high-performance memory solutions and licenses its patents to enhance server and storage systems for enterprise customers. Investors can access a live webcast and archived replay of the call on its website.

Netlist, Inc. (OTCQB:NLST) announced a favorable claim construction order from the U.S. District Court for the Eastern District of Texas in its case against Samsung. The court largely adopted Netlist's arguments during the hearing held on November 4, 2022. The final order paves the way for a jury trial scheduled to begin on May 1, 2023. Netlist's Director of IP Strategy expressed satisfaction with the ruling, which supports the majority of terms contested. This legal victory may strengthen Netlist's position in the ongoing litigation.

Netlist, Inc. (OTCQB:NLST) reported a 29% increase in net product sales, reaching $34.4 million for Q3 2022, compared to $26.7 million in Q3 2021. Year-to-date sales more than doubled to $140.0 million from $66.0 million. Gross profit for Q3 was $2.2 million, down from $2.5 million a year prior. However, a net loss of $9.6 million was recorded, slightly improved from a $10.7 million loss in the previous year. Despite strong revenue growth, the company highlighted challenges due to an oversupplied market, which is expected to persist into 2023.