<span item_type="fundamental" item_id="989702f21e7af1046cc6862decb615d8" counter_id="ST/US/NLST" env="prod"></span><span item_type="announcement" item_id="582086059490089089" env="prod"></span><p>Revenue: As of FY2025 Q3, the actual value is USD 42.23 M.</p><p>EPS: As of FY2025 Q3, the actual value is USD -0.02.</p><p>EBIT: As of FY2025 Q3, the actual value is USD -7.116 M.</p><p></p><h3>Segment Revenue</h3><ul><li><strong>Net Sales</strong>: For the three months ended September 27, 2025, net sales were $42.2 million, a 5% increase from $40.2 million in the same period of 2024. For the nine months ended September 27, 2025, net sales were $112.9 million, consistent with $112.8 million in the same period of 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1282631/000110465925110494/nlst-20250927x10q.htm"></span></li></ul><h3>Operational Metrics</h3><ul><li><strong>Gross Profit</strong>: Gross profit for the three months ended September 27, 2025, was $1.8 million, a 61% increase from $1.1 million in the same period of 2024. For the nine months ended September 27, 2025, gross profit was $4.5 million, a 72% increase from $2.6 million in the same period of 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1282631/000110465925110494/nlst-20250927x10q.htm"></span></li><li><strong>Operating Loss</strong>: Operating loss for the three months ended September 27, 2025, was - $7.2 million, compared to - $9.7 million in the same period of 2024. For the nine months ended September 27, 2025, operating loss was - $23.2 million, compared to - $42.1 million in the same period of 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1282631/000110465925110494/nlst-20250927x10q.htm"></span></li><li><strong>Net Loss</strong>: Net loss for the three months ended September 27, 2025, was - $7.0 million, compared to - $9.4 million in the same period of 2024. For the nine months ended September 27, 2025, net loss was - $22.6 million, compared to - $41.2 million in the same period of 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1282631/000110465925110494/nlst-20250927x10q.htm"></span></li></ul><h3>Cash Flow</h3><ul><li><strong>Net Cash Used in Operating Activities</strong>: For the nine months ended September 27, 2025, net cash used in operating activities was - $28.0 million, compared to - $25.5 million in the same period of 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1282631/000110465925110494/nlst-20250927x10q.htm"></span></li><li><strong>Net Cash Provided by Financing Activities</strong>: For the nine months ended September 27, 2025, net cash provided by financing activities was $14.3 million, compared to $2.5 million in the same period of 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1282631/000110465925110494/nlst-20250927x10q.htm"></span></li></ul><h3>Unique Metrics</h3><ul><li><strong>Deferred Revenue</strong>: As of September 27, 2025, deferred revenue was $27.0 million, related to advance payments received during the quarter on orders shipped subsequent to the end of the quarter.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1282631/000110465925110494/nlst-20250927x10q.htm"></span></li></ul><h3>Future Outlook and Strategy</h3><ul><li><strong>Core Business Focus</strong>: The company plans to continue focusing on developing and launching new products that are attractive to the market and stimulate customer demand. It also aims to monetize its intellectual property portfolio through licensing and other revenue-producing arrangements.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1282631/000110465925110494/nlst-20250927x10q.htm"></span></li><li><strong>Non-Core Business</strong>: The company is involved in multiple lawsuits and administrative actions to protect and assert its intellectual property rights, which requires substantial financial and management resources.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1282631/000110465925110494/nlst-20250927x10q.htm"></span></li></ul>

Netlist, Inc. | 10-Q: FY2025 Q3 Revenue: USD 42.23 M