Netlist Reports Full Year and Fourth Quarter 2022 Results
NETLIST INC (NLST)
Last netlist inc earnings: 11/4 09:00 am
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US:NASDAQ Investor Relations:
netlist.com/investors/investors-home/default.aspx
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Source: Accesswire
IRVINE, CA / ACCESSWIRE / February 21, 2023 / Netlist, Inc. (OTCQB:NLST) today reported financial results for the full year and fourth quarter ended December 31, 2022.2022 Highlights:Full year net product sales increased by 58% to $161.6 million compared to $102.4 million for last year.Full year product gross profit dollars increased by 34% to $11.9 million compared to $8.9 million for last year."For the full year Netlist delivered strong revenue and product gross profit growth, reflecting a favorable memory market in the first half of 2022," said Chief Executive Officer C.K. Hong. "As we look to 2023 the demand for memory is expected to remain significantly weak, and this will impact our near-term performance. The campaign to fairly license Netlist's intellectual property continues to advance and we look forward to the upcoming trials in Texas and in Germany."Net product sales for the fourth quarter ended December 31, 2022 were $21.7 million, compared to net product sales of $36.3 mi
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