Published on 13 Feb 2024 on GuruFocus.com via Yahoo Finance

Netlist Inc (NLST) Reports Mixed Annual and Q4 Results for 2023

Q4 Revenue Increase: Netlist Inc (NLST) reported a rise in Q4 revenue to $33.4 million from $21.7 million in the same quarter last year.Annual Revenue Decline: Full-year revenue decreased to $69.2 million from $161.6 million in the previous year.Gross Profit: Gross profit for Q4 was $1.2 million, down from $1.6 million in Q4 of the prior year. Annual gross profit also fell to $2.4 million from $11.9 million.Net Loss: Netlist experienced a net loss of ($13.2) million in Q4 and ($60.4) million for the full year.Cash Position: As of December 30, 2023, the company had $52.8 million in cash, cash equivalents, and restricted cash.Stock-Based Compensation: Included in the results is stock-based compensation expense of $0.9 million for Q4 and $4.3 million for the full year.

Warning! GuruFocus has detected 7 Warning Signs with NLST.

On February 13, 2024, Netlist Inc (NLST) released its 8-K filing, detailing the financial outcomes for both the fourth quarter and the full year of 2023. The company, known for its innovative memory and storage solutions, including Storage class memory, nonvolatile memory, specialty DIMMs, and embedded flash, faced a year of contrasts with a strong fourth quarter overshadowed by a yearly decline in revenue and gross profit.