web analytics
14.6 C
Munich
Sunday, September 25, 2022

Netlist, Inc. (OTCMKTS: NLST) Getting Noticed as 912 Seminal Patent Holder Reports Record Full Year and Q4 Results

Netlist, Inc. (OTCMKTS: NLST) continues to move steady northbound since the lows of $3.30 back at the end of January. NLST skyrocketed in June of last year after the U.S. Court of Appeals for the Federal Circuit affirmed the U.S. Patent Trial and Appeal Board’s decision upholding the validity of Netlist’s U.S. 7,619,912 (‘912) patent that applies to DDR server memory modules. The decision was final and binding on future cases and represents a resounding win for Netlist. The (‘912) patent is a seminal patent; an invention so impactful that it creates or shifts the technology space. Investors currently accumulating NLST and there are many are looking for a move back to previous highs and a break northbound of $10.20 highs reached in July 2021. 

NLST recently reported record financial results for the full year and the fourth quarter ended January 1, 2022. Net sales for the full year ended January 1, 2022 increased 201% to $142.4 million compared to $47.2 million last year with $40 million in licensing fees and $102.4 million in product revenue. Net income for the full year ended January 1, 2022 was $4.8 million, or $0.02 per share, compared to a net loss in the prior year period of ($7.3) million, or a loss per share of ($0.04). As C.K. Hong stated, During the year Netlist more than doubled product sales, entered into a strategic relationship with the world’s second-largest maker of memory chips, and made substantial progress in intellectual property initiatives.” 

Netlist, Inc. (OTCMKTS: NLST) headquartered in Irvine, California provides high-performance SSDs and modular memory subsystems to enterprise customers in diverse industries. The Company’s NVMe™ SSD portfolio provides industry-leading performance offered in multiple capacities and form factors. HybriDIMM™, Netlist’s next-generation storage class memory product, addresses the growing need for real-time analytics in Big Data applications, in-memory databases, high-performance computing and advanced data storage solutions. Netlist also manufactures a line of specialty and legacy memory products to storage customers, appliance customers, system builders and cloud and datacenter customers. Netlist holds a portfolio of patents in the areas of server memory, hybrid memory, storage class memory, rank multiplication and load reduction.  Netlist continues this tradition with the introduction of HybriDIMM, the industry’s first Storage Class Memory product built on commodity DRAM and flash. HybriDIMM is the first SCM product to operate in current Intel® x86 servers without BIOS and hardware changes, and the first unified DRAM-NAND solution that scales memory to terabyte storage capacities and accelerates storage to nanosecond memory speeds. Netlist first gained attention back in 2015 when the Company announced a partnership with Samsung to produce and commercialize its NVDIMM-N solution, HyperVault / NVvault. At the time the product was considered as a potential 3D XPoint alternative. The Company is led by founder and CEO Chun K. Hong. Prior to Netlist, Mr. Hong was president and chief operating officer of Infinilink Corp., a communications software company based in Irvine, CA. Prior to that, he was executive vice president of Viking Components, Inc., a memory manufacturing company based in RSM, CA.

Netlist has built a valuable and lucrative portfolio of over 130 issued and pending U.S. and foreign patents, many seminal, in the areas of hybrid memory, storage class memory, rank multiplication and load reduction. Netlist has been monetizing its intellectual property through a combination of product sales and licensing, royalty and other revenue-producing arrangements.

Recently Netlist reported the US District Court for the Central District of California entered Judgment in Netlist’s favor and against Samsung for material breaches of various obligations under the Joint Development and License Agreement (JDLA), which the parties executed in November 2015. In the Post-trial hearing held on February 14, 2022, Netlist argued that it was entitled to at least nominal damages, which satisfies a claim for breach under New York law. On February 15, 2022, the Court entered Judgment for Netlist on each of its three claims: (1) that Samsung breached its supply obligations to Netlist; (2) that Samsung breached its payment obligations to Netlist; and (3) that Netlist properly terminated the JDLA such that Samsung’s licenses and rights under the JDLA have ceased. 

To Find out the inside Scoop on NLST Subscribe to Microcapdaily.com Right Now by entering your Email in the box below

NLST

In January Netlist reported the release of its PCIe Gen4 NVMe™ N1563 Series of SSDs, expanding Netlist’s Gen4 NVMe portfolio. This new line of SSDs brings exceptional performance, new NVMe and TCG Opal security features, and short lead times necessary to meet enterprise and cloud design requirements. Utilizing 176-layer 3D TLC NAND, best-in-class firmware, and offering a wide array of NVMe and security features, the N1563 generates higher levels of performance and increased data protection required by server and data center storage systems. The N1563 delivers a significant performance boost compared to prior generation solutions with up to 2X sequential and higher than 67% random read and write workload performance improvements, and offers on average 30% lower latency. Available in two form factors: 2.5-inch U.2 and HHHL AIC with capacities ranging from 1.6TB to 7.68TB, the N1563 provides the required fit and scale for mainstream and high-performance applications. 

On March 1, Netlist reported financial results for the full year and the fourth quarter ended January 1, 2022. Net sales for the full year ended January 1, 2022 increased 201% to $142.4 million compared to $47.2 million last year with $40 million in licensing fees and $102.4 million in product revenue. Gross profit for the full year ended January 1, 2022 was $48.9 million an increase of 626%compared to a gross profit of $6.7 million for the full year ended January 2, 2021.Net sales for the fourth quarter ended January 1, 2022 were $36.3 million, compared to net sales of $11.5 million for the quarter ended January 2, 2021. Net income for the full year ended January 1, 2022 was $4.8 million, or $0.02 per share, compared to a net loss in the prior year period of ($7.3) million, or a loss per share of ($0.04).  

CEO C.K. Hong stated: “Netlist delivered strong financial results on the back of significant increases in revenue and gross profit in 2021. During the year we more than doubled product sales, entered into a strategic relationship with the world’s second-largest maker of memory chips, and made substantial progress in intellectual property initiatives. These accomplishments validate the strategies we have in place for both product sales and licensing, and position us for continued growth in 2022.” 

For More on NLST Subscribe Right Now!

NLST continues to move steady northbound since the lows of $3.30 back at the end of January. NLST skyrocketed in June of last year after the U.S. Court of Appeals for the Federal Circuit affirmed the U.S. Patent Trial and Appeal Board’s decision upholding the validity of Netlist’s U.S. 7,619,912 (‘912) patent that applies to DDR server memory modules. The decision was final and binding on future cases and represents a resounding win for Netlist. The (‘912) patent is a seminal patent; an invention so impactful that it creates or shifts the technology space. Investors currently accumulating NLST and there are many are looking for a move back to previous highs and a break northbound of $10.20 highs reached in July 2021. NLST recently reported record financial results for the full year and the fourth quarter ended January 1, 2022. Net sales for the full year ended January 1, 2022 increased 201% to $142.4 million compared to $47.2 million last year with $40 million in licensing fees and $102.4 million in product revenue. Net income for the full year ended January 1, 2022 was $4.8 million, or $0.02 per share, compared to a net loss in the prior year period of ($7.3) million, or a loss per share of ($0.04). As C.K. Hong stated, During the year Netlist more than doubled product sales, entered into a strategic relationship with the world’s second-largest maker of memory chips, and made substantial progress in intellectual property initiatives.” We will be updating on Netlist when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with Netlist.

Subscribe to Our 100% Free Penny Stock Newsletter. We Have Something Big Coming!

Disclosure: we hold no position in NLST either long or short and we have not been compensated for this article.

More articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest article

Sign up now for our 100% FREE Penny Stock Newsletter

Privacy Policy. we will never share your email with anyone.