NETLIST INC - NLST STOCK NEWS

Netlist, Inc. (OTCQB:NLST) announced its financial results for Q2 2022, reporting a significant increase in net product sales, which rose to $55.4 million, more than double from $24.4 million in Q2 2021. Product gross profit also saw a noteworthy rise, reaching $4.7 million compared to $2.9 million the previous year. However, the company recorded a net loss of $5.0 million for the quarter, contrasting with a net income of $27.8 million in Q2 2021. As of the end of Q2 2022, Netlist held $60.6 million in cash and total assets of $99.6 million.

Netlist, Inc. (OTCQB:NLST) will report its second quarter financial results for the period ending July 2, 2022, on August 2, 2022, at 9:30 a.m. ET. A conference call will follow at 12:00 p.m. ET, where participants can pre-register for quick access. Netlist specializes in high-performance solid-state drives and modular memory solutions, catering to diverse industries and cloud service providers. The company also licenses its innovative technology in server memory and storage class memory.

Netlist, Inc. (OTCQB:NLST) announced a significant legal victory as the U.S. District Court for the Northern District of California granted its motion for summary judgment regarding claim 16 of its patent '912. This ruling enables Netlist to enforce its patent rights against Google, which has allegedly used Netlist's intellectual property without authorization. Although other claims under the '912 patent face intervening rights, Netlist aims to pursue damages for Google's infringement. A case management conference is set for June 23, 2022.

Netlist reported impressive financial results for Q1 2022, with revenue soaring to $50.2 million, a significant increase from $14.9 million in Q1 2021. Gross profit also more than doubled to $3.4 million compared to $1.5 million year-over-year. However, the net loss widened to ($5.9 million), or ($0.03) per share, from ($4.0 million) last year. As of April 2, 2022, Netlist maintained a solid cash position with $58.3 million in cash and equivalents.

Netlist (OTCQB:NLST) has announced it will release its financial results for the first quarter ended April 2, 2022, on May 2, 2022, before 9:30 a.m. Eastern Time. A conference call will follow at 11:00 a.m. Eastern Time the same day, with options to pre-register or join via phone. The company's offerings include high-performance solid state drives and modular memory solutions for enterprise customers. For further details, visit Netlist's website.

Netlist (OTCQB:NLST) will participate in the 34th Annual Roth Conference on March 15, 2022, featuring a fireside chat at 9 a.m. PT. The event will be accessible via a live webcast on their investor website. Additionally, Netlist is open for 1-on-1 meetings on the same day for interested investors.

Netlist specializes in high-performance solid-state drives and modular memory solutions for various industries. The company is also noted for licensing its intellectual property in server and storage memory technologies.

Netlist reported significant financial growth for the year ending January 1, 2022. Revenue surged 201% to $142.4 million, driven by product sales of $102.4 million and licensing fees of $40 million. Gross profit skyrocketed by 626% to $48.9 million, reflecting a gross margin of 34.3%. The company achieved a net income of $4.8 million or $0.02 per share, a sharp recovery from a net loss of $7.3 million the previous year. Despite a fourth-quarter net loss of $8.2 million, the overall financial results mark a strong performance, with improved working capital and a solid cash position.

Netlist, Inc. (OTCQB:NLST) will release its financial results for the fourth quarter and full year ending January 1, 2022, on March 1, 2022, before 9:30 a.m. ET. A conference call is scheduled for the same day at 12:00 p.m. ET, encouraging pre-registration for immediate access. Netlist specializes in high-performance solid-state drives and modular memory solutions, serving enterprise customers in various sectors. The company also licenses its intellectual property related to server memory and hybrid memory.

Netlist has launched its N1563 Series PCIe Gen4 NVMe™ SSDs, expanding its product line with enhanced performance and security features for enterprise and cloud applications. The new SSDs utilize 176-layer 3D TLC NAND technology, offering a performance boost of up to 2X sequential speeds and 67% improvements in random read/write workloads. Available in capacities from 1.6TB to 7.68TB, the N1563 provides 30% lower latency and exceptional endurance features. Fast delivery times of <2 to 4 weeks are promised to meet high demand.