Earnings ·
Netlist reports Q3 net sales of $105.1M, up 149% year over year
NLSTNetlist Inc
Netlist reported third-quarter net sales of $105.1 million, a 149% increase from the prior-year period, driven by $44.9 million in license fee revenue from Samsung and $60.2 million in product sales. The company posted an operating income of $40.6 million and net income of $85.4 million, or $0.22 per diluted share, compared to a net loss in the previous year. Cash reserves rose to $327.7 million following initial and quarterly payments from Samsung. Netlist is a leading innovator in advanced memory and storage solutions.