Emerging Markets
Netlist, Inc. (OTCMKTS: NLST) Big Reversal Brewing as Semiconductor Revenues Grow Exponentially & Co Keeps Winning in Patent Infringement Lawsuits
Netlist, Inc. (OTCMKTS: NLST) major reversal brewing as NLST is under heavy accumulation at current levels. NLST is one of the most exciting stocks we have reported on here at MIcrocapdaily (since it was sub $0.50) and we will be reporting on it when it up lists to NASDAQ a move that will double the current market valuation at least. Netlist keeps winning and winning big in their patent infringement lawsuits against Samsung and Google. In 2021 Netlist won a settlement against SK Hynix and more recently they won an important victory against Google when Judge Seeborg ruled on Claim 16 and denied intervening rights to Google making it liable for infringement of Netlist technology dating back to 2004. There are also still multiple cases against Samsung and Micron that Netlist sits in very strong positions. Samsung had their previous contract with Netlist voided which makes all the licensed technology they sold during the period of the contract open to litigation. And, like the Google case, we know that they infringed Netlist technology.
Netlist has seen massive growth of its business over the past year and the Company now sits in a strong position to collect massive settlements in what could be the largest patent infringement lawsuit in history that could catapult this situation into a whole new stratosphere. During the past year alone the Company’s rapidly growing semiconductor business has doubled. According to the Company’s recent Q2 filing Netlist product sales for the second quarter ended July 2, 2022 were $55.4 million, compared to net product sales of $24.4 million for the second quarter ended July 3, 2021 and $50.2 million in the most recent quarter. Net loss for the second quarter ended July 2, 2022 was ($5.0) million, or ($0.02) per share and as of July 2, 2022, cash, cash equivalents and restricted cash was $60.6 million, total assets were $99.6 million, working capital was $46.3 million, and total debt was $8.2 million. The upside on Netlist is enormous as the Company’s semiconductor business continues to grow exponentially while the aggregate of the multiple infringement lawsuits Netlist is pursuing could very well yield the largest patent infringement settlements in history.
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Netlist, Inc. (OTCMKTS: NLST) provides high-performance solid-state drives and modular memory solutions to enterprise customers in diverse industries. The Company’s NVMe SSDs in various capacities and form factors and the line of custom and specialty memory products bring industry-leading performance to server and storage appliance customers and cloud service providers. Netlist licenses its portfolio of intellectual property including patents, in server memory, hybrid memory and storage class memory, to companies that implement our technology. Netlist holds a portfolio of 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, among others. The strength of Netlist’s patent portfolio reflects its many years of research and development and track record of bringing disruptive new products to market.
The Company invented the distributed buffer architecture that enables the buffering of data signals along the bottom edge of the memory module using multiple data buffer devices distributed between the edge connector and the DRAM. The result is shorter data paths, improved signal integrity, and reduced latency compared to the industry-standard design for DDR3 load-reduced dual in-line memory module (“LRDIMM”). The memory industry has widely adopted our distributed architecture for DDR4 LRDIMM. Our HyperCloud product was our first LRDIMM product built on this distributed buffer architecture.
Netlist has designed special algorithms that can be implemented in stand-alone integrated circuits or integrated into other functional blocks in application-specific integrated circuits (“ASICs”). We utilize these algorithms in our HybriDIMM product to incorporate load reduction functionality. We also incorporate these algorithms in our NVvault product line, which is also known in the industry as NVDIMM-N.
The Company is led by visionary CEO C.K. Hong, CEO, who brings over two decades of high-tech management experience to Netlist. He most recently served as President of Infinilink, a DSL equipment manufacturer, and as executive vice president of Viking Components, Inc. Prior to that, he spent 15 years with LG where he held various senior management positions in the U.S and Korea. Mr. Hong holds an MS in technology management from Pepperdine University and a BS in economics from Virginia Commonwealth University.
Below is a great summary of Netlist lawsuits from Stokd on Stocktwits
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Earlier this year Netlist reported financial results for the second quarter ended July 2, 2022.
Second Quarter 2022 Highlights:
- Net product sales more than doubled to $55.4 million compared to $24.4 million for last year’s quarter.
- Product gross profit dollars increased by 66%. Product gross profit was $4.7 million compared to $2.9 million for last year’s quarter.
Net product sales for the second quarter ended July 2, 2022 were $55.4 million, compared to net product sales of $24.4 million for the second quarter ended July 3, 2021 and $50.2 million in the most recent quarter. Product gross profit for the second quarter ended July 2, 2022 was $4.7 million, compared to a product gross profit of $2.9 million for the second quarter ended July 3, 2021 and $3.4 million for the most recent quarter.
Total net sales for the second quarter ended July 2, 2022 was $55.4 million, compared to total net sales of $64.4 million for the second quarter ended July 3, 2021. Net loss for the second quarter ended July 2, 2022 was ($5.0) million, or ($0.02) per share, compared to a net income in the prior year period of $27.8 million, or $0.12 per diluted share. These results include stock-based compensation expense of $0.8 million and $0.4 million for the quarters ended July 2, 2022 and July 3, 2021, respectively.
As of July 2, 2022, cash, cash equivalents and restricted cash was $60.6 million, total assets were $99.6 million, working capital was $46.3 million, total debt was $8.2 million, and stockholders’ equity was $47.9 million.
On August 8 Netlist reported the United States District Court for the District of Delaware issued an Order granting in part Netlist’s motion for dismissing Samsung’s First Amended Complaint and denying Samsung’s request to file a Second Amended Complaint. The Court issued a written opinion supporting the Order, and dismissed Samsung’s Counts IV, V, VI, VII, X, and XI from the case. The partial dismissal means Samsung cannot pursue a separate action on the patents Netlist first asserted in Texas, and now cannot carry out its alleged obligation to protect Google from the ‘912 Patent in Delaware. In addition, Samsung voluntarily withdrew its Motion to Sever and Stay the case that Netlist brought in the Eastern District of Texas. Separately, following the Order, Netlist filed a complaint against Samsung in the Eastern District of Texas for Samsung’s infringement of the ‘912 Patent.
Jayson Sohi, Netlist’s Director of IP Strategy, said, “We are pleased Judge Andrews dismissed half of the pending claims from Samsung’s Delaware lawsuit, including the ‘912 claim. We look forward to continue defending our intellectual property rights in the remaining portion of this case.”
$NLST GRAPHIC. Untouchable presence in the computer memory market. Netlist owns seminal and validated industry shifting patents. SK Hynix was first domino to fall. $GOOG next? $MU? Samsung? Many catalysts behind $NLST. Clawback underway.@Chris_Mellor @MicronTech @Google @Samsung pic.twitter.com/Lt2OfQhrG5
— Unofficial Netlist (@NetlistNetlist) July 18, 2021
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Currently trading at a $644 million market valuation NLST has 232 million shares outstanding and an excellent balance sheet with $99 million in assets vs. $52 million in liabilities. Netlist traded over $10 per share with the same share structure in summer 2021 and since than the Company has seen dramatic improvements to its balance sheets. Netlist has been reporting one record breaking quarter after another as the Company’s semiconductor business has more than doubled over the past year. The upside on Netlist is enormous as the aggregate of the multiple infringement lawsuits Netlist is pursuing could very well yield the largest patent infringement settlements in history and we could see multiple resolutions within the next 6 months. There is little wonder why investors are accumulating heavily at current levels and a major reversal to the upside is brewing. 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.
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Disclosure: we hold no position in NLST either long or short and we have not been compensated for this article.
Aemetis, Inc. (NASDAQ: AMTX) shares surged 105% this week. The renewable natural gas and renewable fuels company received approval from the U.S. EPA to generate renewable identification numbers (RINs) under the federal Renewable Fuel Standard. They have six dairy biogas digesters up and running, with a seventh one scheduled to start operating in June 2023.
Aemetis plans to generate multiple sources of revenue from its renewable natural gas. They will sell the gas to replace petroleum diesel in transportation, sell California Low Carbon Fuel Standard credits to fuel blenders who need to meet carbon reduction requirements in California, sell the RINs generated under the federal Renewable Fuel Standard, and benefit from production tax credits starting in 2025 under the Inflation Reduction Act.
this one went huge………..
$AMTX 370 https://t.co/Rbq3hnf6uM
— Sandman (@Sandman7591) May 19, 2023
They have completed constructing and operating six dairy digesters, a biogas pipeline spanning over 40 miles, a central facility to upgrade biogas to renewable natural gas, and a utility pipeline interconnection unit. The renewable natural gas is injected into the utility gas system and stored underground until Aemetis Biogas obtains carbon intensity (CI) pathway approvals from the California Air Resources Board (CARB) to sell credits under the California Low Carbon Fuel Standard.
$Amtx EPA approved kaboom another winner from rara koko private discord – we know the news and catalyst first stamp now 1025am 5/19/23 alert sent to subscribers cell phone all over the world -super fast super quick. pic.twitter.com/2RVHENSnqd
— rara koko (@rarakoko3) May 19, 2023
They have already completed 90 days of renewable natural gas production and data collection required for the CARB approval process. While the final pathway is under review by CARB, Aemetis can use a temporary CI pathway with a value of -150, allowing them to start generating revenue in the third quarter of 2023.
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Andy Foster, the president of Aemetis Biogas Inc., expressed excitement about the approval of Aemetis Biogas for generating D3 RINs, as it marks a significant milestone towards generating full product revenue. He emphasized that the company’s investments since 2019 have directly reduced greenhouse gas pollution, improved air quality in Central Valley communities, and created jobs. Aemetis is committed to expanding their network of dairy digesters and producing more carbon-negative renewable natural gas to replace petroleum diesel.
Aemetis Setting Up For Short Squeeze $AMTX #stockstowatch #StockMarket #investment https://t.co/41OT89vgod pic.twitter.com/kDDKAHb9b0
— Kirk Spano (@KirkSpano) May 18, 2023
The dairy digesters, pipeline project, and biogas-to-RNG facility funding includes grants from the California Department of Food and Agriculture and the California Energy Commission. Aemetis also closed a $25 million long-term financing deal with Greater Commercial Lending last fall, supported by a loan guarantee from the USDA. This project financing has a low fixed interest rate for the first five years and spans over 20 years.
Aemetis has plans to file applications for an additional $100 million of loans from the USDA’s REAP loan program. These funds will support the engineering, permitting, and construction of 31 more dairies. Each loan application will be limited to a maximum of $25 million and carry a 20-year repayment term.
https://twitter.com/Theweedfarmer/status/1658946668052504576?s=20
Where could Aemetis, Inc. (NASDAQ: AMTX) be in 5 years?
The company has an ambitious Five Year Plan to generate substantial revenue and reduce air and carbon pollution. The plan projects $2.0 billion in revenues, $496 million in net income, and $682 million in adjusted EBITDA by 2027, with strong compound annual growth rates. Aemetis aims to expand its operations by producing Renewable Natural Gas (RNG), Sustainable Aviation Fuel (SAF), Renewable Diesel fuel (RD), and other low-carbon products. The plan emphasizes the positive financial impact of the Inflation Reduction Act.
(told ya) Aemetis Setting Up For Short Squeeze $AMTX our 1-year price target is $17 to $22 https://t.co/kMxOgQYEk2
— Kirk Spano (@KirkSpano) May 18, 2023
The plan highlights the financial benefits of the Inflation Reduction Act, which enables the transfer of tax credits and incentives related to production, projected to improve net income by $341 million in 2027.
The plan also focuses on revenue growth in all product lines, including expanding the dairy RNG business, constructing a renewable jet/diesel plant, implementing carbon sequestration, and improving energy efficiencies.
The company has already achieved significant milestones, such as completing biogas pipeline construction, upgrading facilities for biogas-to-RNG production, and progressing in carbon sequestration and renewable jet/diesel plant development. The company has also secured a biodiesel purchase agreement in India and made strides in constructing a solar microgrid and implementing energy-efficient measures.
We will update you on AMTX when more details emerge, so make sure you are subscribed to Microcapdaily to know what’s happening in the markets!
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Disclosure: We have not been compensated for this article/video. MicroCap Daily is not an investment advisor; this article/video does not provide investment advice. Always do your research, make your own investment decisions, or consult with your nearest financial advisor. This article/video is not a solicitation or recommendation to buy, sell, or hold securities. This article/video is our opinion, is meant for informational and educational purposes only, and does not provide investment advice. Past performance is not indicative of future performance.
Image by Leopold Böttcher from Pixabay
Emerging Markets
GSI Technology, Inc. (NASDAQ: GSIT): Pure AI Play Transforming Semiconductor Memory Solutions for Efficient AI Processing
GSI Technology, Inc. (NASDAQ: GSIT) has witnessed a significant surge in its stock price, from $1.62 to $3.84, at the time of writing on Friday, May 12. This represents an impressive 137% increase; the volume has been off the hook. If you look at their historical chart, $GSIT had meager volume, sometimes as low as 300 shares traded in a day. If you do the math, that’s less than $500 worth of shares traded in a day – safe to say it was virtually illiquid.
So what happened, and what drove the stock to trade 50M shares with filings or news releases?
After an in-depth examination, GSI Technology, Inc. appears to have experienced a notable turning point in its market trajectory. The catalyst for this transformation was the company’s prominent feature on Fox News, triggering an exponential dissemination of information across various platforms. It is worth highlighting an intriguing phenomenon that tends to transpire in such circumstances: purchasing shares often induces a ripple effect, encouraging further buying activity.
$GSIT no news I see . correct if im wrong
— S3NZU (@tech_watchlist) May 12, 2023
With Fox News bringing the company into the spotlight and stimulating investor interest, a domino effect occurred among astute day traders who eagerly seized the opportunity to partake in this promising venture. Consequently, the trading volume for GSI Technology, Inc. skyrocketed to unprecedented levels, surpassing all previously recorded thresholds.
$GSIT GSIT +64% this am: Number one pick for AI on stew varney fox business moments ago. Analyst said if your broker recommends Invidia fire them this is the company that could be leader of the world and AI.
— Van Hutcherson (@vhutcherson) May 12, 2023
This surge in volume stands as a testament to the immense enthusiasm that enveloped the market as traders recognized the tremendous potential inherent in $GSIT. This collective enthusiasm resulted in an extraordinary demonstration of market engagement, reflecting a widespread acknowledgment of the company’s significance and the opportunities it presents.
https://twitter.com/SamanthaLaDuc/status/1657033207412293634?s=20
This development showcases the power of influential media coverage and underscores the intriguing dynamics that can arise when investor sentiment aligns with a compelling market narrative.
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Founded in 1995, GSI Technology Inc. has established itself as a prominent provider of semiconductor memory solutions. The company is focused on introducing new products that capitalize on its core strengths, which include radiation-hardened memory products for extreme environments and Gemini, an advanced processing unit (APU) designed to enhance performance in various artificial intelligence (AI) applications. Headquartered in Sunnyvale, California, GSI Technology operates sales offices in the Americas, Europe, and Asia.
$GSIT been doing this a long time & always makes me laugh
NO one wanted GSIT at $1.50 or CASH on hand but killing it at $3.20 $$$Congrats to those that bought on the cheap & @super_trades for great DD https://t.co/M6fMQ2Aotj
— Pmony (@pmony5) May 12, 2023
GSI Technology is on the verge of reporting its earnings next week, and the company operates in the storage business, which supports the development of highly efficient AI chips. Traditionally, computing involves separate chips for storage and computation, necessitating frequent data exchange. This process incurs significant power consumption and presents scalability challenges.
To address these limitations, GSI Technology has developed a groundbreaking solution called In-memory processing. This innovation substantially reduces computation time from minutes to seconds, milliseconds, or even microseconds. Notably, it also significantly diminishes power consumption and overall cost of ownership. The key to this improvement lies in the massive parallel data processing offered by GSI’s technology, featuring two million-bit processors per chip compared to thousands found in standard graphic processing units (GPUs). Consequently, the system becomes more scalable, enabling efficient and accelerated AI processing.
The best AI play, $gsit don’t miss out pic.twitter.com/gGyryTXqNj
— wickmen (@wickmen) May 12, 2023
By streamlining the computing process and integrating storage and computation on a single chip, GSI Technology aims to revolutionize AI processing. This approach offers notable benefits regarding power efficiency, computational speed, and scalability, making it an attractive solution for a wide range of AI applications.
$GSIT earnings May 16 after the market close. Low volume domestic semi conductor. My favorite sector. I have buys at 1.60 and 1.64
— Woolz (@WoolseyCraig) May 11, 2023
In conclusion, GSI Technology, Inc. is poised to deliver innovative semiconductor memory solutions emphasizing AI chip development. The company aims to reduce computation time, power consumption, and total ownership cost through its In-memory processing technology while significantly improving scalability. With its upcoming earnings report, investors and industry observers will closely watch the company’s progress in the storage business and AI chip development.
We will update you on GSIT when more details emerge, so make sure you are subscribed to Microcapdaily to know what’s happening with GSIT.
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Disclosure: We have not been compensated for this article/video. MicroCap Daily is not an investment advisor; this article/video does not provide investment advice. Always do your research, make your own investment decisions, or consult with your nearest financial advisor. This article/video is not a solicitation or recommendation to buy, sell, or hold securities. This article/video is our opinion, is meant for informational and educational purposes only, and does not provide investment advice. Past performance is not indicative of future performance.
Image by Gerd Altmann from Pixabay
Small and micro-cap Chinese companies listed in the U.S. are experiencing a surge in share prices, similar to the 2020 meme rallies during COVID. These rallies appear driven by social media sites used by individual traders and financial influencers.
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Online brokerage firm Top Financial Group $TOP stock rose by nearly 4000% from $6.90 to $250 per share, while Magic Empire Global $MEGL stock jumped over 400% to $4.56 per share.
Both stocks are now popular among retail investors on Stocktwits, Twitter, Discord, Reddit – you name it. Two other companies, Top KingWin $TCJH and U Power $UCAR, also saw their shares rise by 130% and 105%, respectively.
Oh myyyyy
This was $8 this morning.
$8 > $187 is crazyyyyy $TOP pic.twitter.com/mG8YjYiabp— Wealth Squad Michael ♻️ (@Michael_Crowe) April 27, 2023
Thoughts from retail traders
THIS RANDOM CHINESE FINACIAL STOCK IS NOW UP 3800% ON THE DAY $TOP
IT JUST HIT $260 AFTERHOURS IT WAS AT $6 IN THE MORNING
$1000 -> $43,000 IN JUST 8 HOURS https://t.co/sfgK0KDHqp pic.twitter.com/nIaulqIiDg
— GURGAVIN (@gurgavin) April 28, 2023
With $TOP and $MEGL being the talk of the town, it’s safe to say that they have gained massive popularity online. Their growth and buzz are reminiscent of $AMC and $BB during their respective rallies in previous years. Some of the largest traders with over 1M followings have these stocks on their radar.
Remember random Chinese stocks rallying incredibly?
A Chinese stock called $TOP traded at $6 this morning.
It is now at $230, up 1,050% in afterhours. pic.twitter.com/eDYX4RXj0n
— unusual_whales (@unusual_whales) April 28, 2023
What does the NASDAQ have to say?
The NASDAQ regulatory body has a history of caution toward these kinds of investments. In October 2022, they stopped preparations for over four other micro-cap Chinese IPOs due to short-lived rallies following their debuts. Furthermore, U.S. exchanges and FINRA have issued warnings regarding the increased likelihood of fraud, especially in the IPOs of small companies, which are often influenced by social media-driven pump-and-dump schemes like the infamous “pig butchering” tactic.
Chinese Macro backdrop
While there was a significant sell-off just two weeks ago when China implemented stricter regulations regarding generative AI systems like ChatGPT, Chinese stocks are again on the rise. This is primarily due to the positive earnings forecast of electric car giant BYD and Chinese banks, which has sparked optimism in the market. The volatility of Hong Kong stocks over the past year far surpasses the meme stock frenzy of 2021, and savvy traders who can accurately time the market and make sound exit decisions are reaping significant profits. However, this requires long hours of tracking trends and charts, and those not up for the challenge risk losing everything by the following day.
We will update our subscribers when more details emerge, so make sure you are subscribed to Microcapdaily to know what’s happening with China meme stocks.
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Disclosure: We have not been compensated for this article/video. MicroCap Daily is not an investment advisor; this article/video does not provide investment advice. Always do your research, make your own investment decisions, or consult with your nearest financial advisor. This article/video is not a solicitation or recommendation to buy, sell, or hold securities. This article/video is our opinion, is meant for informational and educational purposes only, and does not provide investment advice. Past performance is not indicative of future performance.
Image by Leslin_Liu from Pixabay
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