<span item_type="fundamental" item_id="d70d63172c5ff6b231309b24e8dae56c" counter_id="ST/US/NLST" env="prod"></span><span item_type="announcement" item_id="546783203784333441" env="prod"></span><p>Revenue: As of FY2025 Q2, the actual value is USD 41.71 M.</p><p>EPS: As of FY2025 Q2, the actual value is USD -0.02.</p><p>EBIT: As of FY2025 Q2, the actual value is USD -6.078 M.</p><p></p><h3>Segment Revenue</h3><ul><li>Net sales for the second quarter ended June 28, 2025, were $41.7 million, compared to $36.8 million for the second quarter ended June 29, 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1282631/000110465925074985/tm2522045d1_ex99-1.htm"></span></li><li>Net sales for the six months ended June 28, 2025, were $70.7 million, compared to $72.6 million for the six months ended June 29, 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1282631/000110465925074985/tm2522045d1_ex99-1.htm"></span></li></ul><h3>Operational Metrics</h3><ul><li>Gross profit for the second quarter ended June 28, 2025, was $1.4 million, compared to $0.8 million for the second quarter ended June 29, 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1282631/000110465925074985/tm2522045d1_ex99-1.htm"></span></li><li>Gross profit for the six months ended June 28, 2025, was $2.7 million, compared to $1.5 million for the six months ended June 29, 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1282631/000110465925074985/tm2522045d1_ex99-1.htm"></span></li><li>Net loss for the second quarter ended June 28, 2025, was - $6.1 million, or - $0.02 per share, compared to a net loss of - $14.8 million, or - $0.06 per share, in the same prior year period.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1282631/000110465925074985/tm2522045d1_ex99-1.htm"></span></li><li>Net loss for the six months ended June 28, 2025, was - $15.6 million, or - $0.06 per share, compared to a net loss of - $31.7 million, or - $0.12 per share, in the same prior year period.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1282631/000110465925074985/tm2522045d1_ex99-1.htm"></span></li><li>Operating expenses for the second quarter of 2025 decreased by 31% or $3.4 million compared to the first quarter of 2025 and by 52% or $8.2 million year over year.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1282631/000110465925074985/tm2522045d1_ex99-1.htm"></span></li></ul><h3>Cash Flow</h3><ul><li>As of June 28, 2025, cash, cash equivalents, and restricted cash were $29.0 million.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1282631/000110465925074985/tm2522045d1_ex99-1.htm"></span></li></ul><h3>Unique Metrics</h3><ul><li>The company secured an order finalizing the district court’s $445 million damages award against Micron.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1282631/000110465925074985/tm2522045d1_ex99-1.htm"></span></li></ul><h3>Outlook / Guidance</h3><ul><li>Netlist is advancing legal efforts to protect its intellectual property, filing multiple legal actions against Samsung and Micron for infringement of its new HBM and DDR5 patents.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1282631/000110465925074985/tm2522045d1_ex99-1.htm"></span></li><li>Forward-looking statements include risks related to Netlist’s ability to execute strategic initiatives and defend its intellectual property, as well as potential adverse outcomes in litigation with Samsung, Micron, or Google.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1282631/000110465925074985/tm2522045d1_ex99-1.htm"></span></li></ul>

Netlist, Inc. | 8-K: FY2025 Q2 Revenue: USD 41.71 M