<span item_type="fundamental" item_id="040154c94991d7ff8c6a03452244b12a" counter_id="ST/US/NLST" env="prod"></span><span item_type="announcement" item_id="579775639529134209" 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></p><h3>Segment Revenue</h3><ul><li>Net sales for the third quarter ended September 27, 2025, were $42.2 million, compared to $40.2 million for the same period in 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1282631/000110465925107421/tm2529692d1_ex99-1.htm"></span></li><li>Net sales for the nine months ended September 27, 2025, were $112.9 million, compared to $112.8 million for the same period in 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1282631/000110465925107421/tm2529692d1_ex99-1.htm"></span></li></ul><h3>Operational Metrics</h3><ul><li>Gross profit for the third quarter ended September 27, 2025, was $1.8 million, compared to $1.1 million for the same period in 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1282631/000110465925107421/tm2529692d1_ex99-1.htm"></span></li><li>Gross profit for the nine months ended September 27, 2025, was $4.5 million, compared to $2.6 million for the same period in 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1282631/000110465925107421/tm2529692d1_ex99-1.htm"></span></li><li>Net loss for the third quarter ended September 27, 2025, was - $7.0 million, or - $0.02 per share, compared to a net loss of - $9.4 million, or - $0.04 per share, for the same period in 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1282631/000110465925107421/tm2529692d1_ex99-1.htm"></span></li><li>Net loss for the nine months ended September 27, 2025, was - $22.6 million, or - $0.08 per share, compared to a net loss of - $41.2 million, or - $0.16 per share, for the same period in 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1282631/000110465925107421/tm2529692d1_ex99-1.htm"></span></li></ul><h3>Cash Flow</h3><ul><li>As of September 27, 2025, cash, cash equivalents, and restricted cash were $20.8 million.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1282631/000110465925107421/tm2529692d1_ex99-1.htm"></span></li></ul><h3>Unique Metrics</h3><ul><li>Operating expenses for the nine months ended September 27, 2025, decreased by 38% or $17.0 million compared to 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/1282631/000110465925107421/tm2529692d1_ex99-1.htm"></span></li><li>Stock-based compensation expense was $0.8 million for the third quarter ended September 27, 2025, compared to $1.1 million for the same period in 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1282631/000110465925107421/tm2529692d1_ex99-1.htm"></span></li></ul><h3>Outlook / Guidance</h3><ul><li>The company is positioned to capitalize on the transition to next-generation memory through its product offerings and intellectual property assets, including new patents covering DDR5 and HBM. Netlist has taken action before the U.S. International Trade Commission to stop Samsung memory products that infringe on its intellectual property from entering the country.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1282631/000110465925107421/tm2529692d1_ex99-1.htm"></span></li></ul>

Netlist, Inc. | 8-K: FY2025 Q3 Revenue: USD 42.23 M