NETLIST (NLST) Company Report

Netlist reported net sales of $42.2 million for the third quarter ended September 27, 2025, an increase from $40.2 million in the prior year period.
The company's net loss improved to ($7.0) million for Q3 2025, or ($0.02) per share, compared to ($9.4) million, or ($0.04) per share, in Q3 2024.
For the nine months ended September 27, 2025, operating expenses decreased by 38% or $17.0 million, contributing to a 45% improvement in net loss to ($22.6) million.
As of September 27, 2025, cash, cash equivalents and restricted cash totaled $20.8 million, with total assets at $56.3 million.
CEO C.K. Hong highlighted strong demand for DDR5 memory, reduced operating expenses, and the company's action before the U.S. International Trade Commission regarding Samsung memory products infringing Netlist’s intellectual property.

Nov 6, 2025, 1:00 PM

Netlist Announces Registered Direct Offering

NLST

Netlist, Inc. announced a registered direct offering for the purchase and sale of 14,285,716 shares of its common stock and warrants to purchase up to 28,571,432 shares of common stock at a combined purchase price of $0.70 per share and accompanying warrants.
The offering is expected to generate approximately $10.0 million in gross proceeds and $9.1 million in net proceeds, which the company intends to use for general corporate purposes, including working capital.
The offering is anticipated to close on or about October 7, 2025, with Roth Capital Partners serving as the exclusive placement agent.
The warrants issued in this offering will have an exercise price of $0.70 per share, be immediately exercisable, and will expire five years following the date of issuance.
In connection with the offering, the exercise price of June 2025 Warrants will be reduced to the lesser of $0.60 and the lowest VWAP of the common stock on any trading day during a specified period.