Revenue: As of FY2025 Q1, the actual value is USD 28.98 M.EPS: As of FY2025 Q1, the actual value is USD -0.03.EBIT: As of FY2025 Q1, the actual value is USD -9.487 M.<h3>Segment Revenue</h3><ul><li>Net Sales: For the three months ended March 29, 2025, Netlist, Inc. reported net sales of $28.975 million, a decrease from $35.807 million in the same period of 2024, primarily due to declines in sales of registered DIMM, discrete memory component products, flash and SSD products, and low-profile memory subsystem products.</li></ul><h3>Operational Metrics</h3><ul><li>Gross Profit: Gross profit increased to $1.3 million from $0.715 million in the same period of 2024, with a gross margin percentage increase from 2% to 4%.</li><li>Operating Loss: The operating loss was reduced to $9.767 million from $17.382 million in the same period of 2024.</li><li>Net Loss: Net loss for the three months ended March 29, 2025, was $9.487 million, compared to $16.968 million in the same period of 2024.</li></ul><h3>Cash Flow</h3><ul><li>Net Cash Used in Operating Activities: Net cash used in operating activities was $10.070 million for the three months ended March 29, 2025, compared to $14.218 million in the same period of 2024.</li><li>Net Cash Provided by Financing Activities: Net cash provided by financing activities was $1.056 million for the three months ended March 29, 2025, compared to $2.546 million in the same period of 2024.</li></ul><h3>Unique Metrics</h3><ul><li>Deferred Revenue: As of March 29, 2025, deferred revenue was $1.6 million, related to advance payments received during the quarter on orders shipped subsequent to the end of the quarter.</li></ul><h3>Future Outlook and Strategy</h3><ul><li>Core Business Focus: Netlist, Inc. plans to continue focusing on developing and selling its advanced memory and storage solutions, leveraging its patented technologies to drive innovation in enterprise memory and storage, and advancing AI applications.</li><li>Non-Core Business: The company has entered into a purchase agreement with Lincoln Park Capital Fund, LLC, allowing it to sell up to $75 million in shares of common stock over a 36-month term, which will support its operations and strategic initiatives.</li><li>Priority: The company emphasizes maintaining sufficient cash resources to meet anticipated needs for at least the next 12 months, supported by existing cash balances, proceeds from agreements, and potential future equity offerings.</li></ul>

Netlist, Inc. | 10-Q: FY2025 Q1 Revenue: USD 28.98 M