NETLIST INC - NLST STOCK NEWS

Netlist, Inc. (OTCQB:NLST) reported on December 7, 2021, that a jury trial against Samsung concluded without awarding the $2.5 million in direct damages sought by Netlist. However, the Court previously issued a summary judgment favoring Netlist, confirming Samsung's breach of the Joint Development and License Agreement (JDLA) and invalidating its license to Netlist's patents. This ruling could compel Samsung to negotiate a new licensing agreement. The case is now progressing to the post-trial phase over the upcoming months.

Netlist (OTCQB:NLST) will participate in the 10th Annual Roth Technology Virtual Event on November 17-18, 2021. The Company plans to hold 1-on-1 meetings on November 17, allowing investors to connect with representatives. Known for its high-performance solid state drives and modular memory solutions, Netlist targets enterprise customers across various sectors. The Company also licenses its intellectual property in server memory and storage class memory technologies. For inquiries, investors can contact Mike Smargiassi at The Plunkett Group.

Netlist, Inc. (OTCQB:NLST) reported third-quarter financial results for the period ending October 2, 2021. Revenue reached $26.7 million, a significant 162% increase year-over-year. However, the company faced a net loss of ($10.7 million), compared to a loss of ($2.1 million) in the prior year. As of the report date, cash and equivalents stood at $73.2 million, while total debt was $21.2 million. A recent legal victory against Samsung was noted, with upcoming hearings against Google scheduled for November 10.

Netlist, Inc. (OTCQB:NLST) will announce its third quarter financial results for the period ending October 2, 2021, on November 2, 2021, at 9:30 a.m. ET. The company will conduct a conference call at 12:00 p.m. ET the same day. Participants are encouraged to pre-register to receive a unique PIN for easier access. A live webcast and archived replay will be available on Netlist's investor website. The company specializes in high-performance SSDs and modular memory subsystems for enterprise clients, focusing on innovation in storage solutions.

Netlist, Inc. (OTCQB: NLST) achieved a significant legal victory against Samsung, with the Central District Court of California granting summary judgment in favor of Netlist for material breach of their Joint Development and License Agreement (JDLA) from November 2015. The court's ruling terminates Samsung's license to Netlist's patent portfolio. A trial to determine direct damages from the breach is set to begin on November 30, 2021.

Netlist, Inc. (OTCQB:NLST) reported strong financial results for Q2 2021, with revenues of $64.4 million, a 123% increase quarter-over-quarter. This included $40 million in licensing fees and $24.4 million in product revenue, marking a 64% year-over-year growth. The company achieved a net income of $27.8 million, or $0.13 per share, rebounding from a net loss of ($1.8) million in the same period last year. As of July 3, 2021, Netlist had $54.4 million in cash and $35.9 million in stockholders' equity, positioning itself for further investments.

Netlist, Inc. (NLST) will announce its financial results for Q2 2021 on August 3, 2021, at 9:30 a.m. ET. A conference call is scheduled for the same day at 12:00 p.m. ET. Netlist encourages participants to pre-register for the call to receive a unique PIN for easy access. If not pre-registered, participants can join by dialing +1 (412) 317-5443. The call will be available as a live webcast and archived replay on Netlist's investor website. The company specializes in high-performance SSDs and modular memory subsystems, catering to diverse enterprise sectors.

Netlist, Inc. (OTCQB:NLST) announced its Q1 2021 financial results, reporting net sales of $14.9 million, up from $14.6 million in Q1 2020. However, gross profit decreased to $1.5 million (10.1% of net sales) from $2.1 million (14.4% of net sales) year-over-year. The company incurred a net loss of $4.0 million compared to a loss of $1.5 million in the prior year. As of April 3, 2021, cash, cash equivalents, and restricted cash totaled $26.5 million. Product revenue grew by 30% sequentially, attributed to strong sales momentum and demand.

Netlist, Inc. (OTCQB:NLST) will announce its Q1 2021 financial results on May 11, 2021, before 9:30 a.m. ET. A conference call will follow at 12:00 p.m. ET, allowing participants to pre-register for immediate access. Netlist is known for its high-performance SSDs and modular memory subsystems, catering to various industries. The company holds patents in server memory, hybrid memory, and storage class memory. For details, visit www.netlist.com.