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
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(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.)