Netlist Q4 net sales rise 121% driven by product and IP initiatives

Reuters03-03
Netlist Q4 net sales rise 121% driven by product and IP initiatives

Overview

  • Memory solutions provider's Q4 net sales rose 121% yr/yr

  • Q4 net loss improved by 82% compared to last year

  • Gross profit for Q4 increased 2,620% yr/yr

Outlook

  • Company did not provide specific financial guidance for future periods

Result Drivers

  • PRODUCT AND IP INITIATIVES - Co attributed improved financial performance to progress in product and IP initiatives, including appellate wins and expanded enforcement actions

  • R&D INVESTMENT - Co continues to invest in R&D for next-generation memory technologies, positioning for future growth

Company press release: ID:nACS64gqba

Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q4 Revenue

Beat

$75.72 mln

$44 mln (1 Analyst)

Q4 EPS

Meet

-$0.01

-$0.01 (1 Analyst)

Q4 Net Income

Beat

-$2.25 mln

-$3.50 mln (1 Analyst)

Q4 Operating Income

Beat

-$2.35 mln

-$6.50 mln (1 Analyst)

Q4 Gross Profit

$6.91 mln

Q4 Operating Expenses

$9.26 mln

Analyst Coverage

  • The one available analyst rating on the shares is "buy"

  • The average consensus recommendation for the computer hardware peer group is "buy"

  • Wall Street's median 12-month price target for Netlist Inc is $2.00, about 61.1% above its March 2 closing price of $1.24

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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