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Tuesday, September 27, 2022

Netlist, Inc. (OTCMKTS: NLST) Under Heavy Accumulation as Co Reports Record Revenues, Sets to Up list to Big Boards & Wins Big in Court

Netlist, Inc. (OTCMKTS: NLST) continues to drift towards $3.40 per share and investors are heavily accumulating at these levels. There is also a significant amont of shorting going on. NLST is one of the most exciting stocks we have reported on here at MIcrocapdialy (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. Everything changed in July of 2021 when 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. Many suggested NLST would drop down below a quarter but it never did and just kept on going. Microcapdaily suggested in July that there were way too many good things happening here for Netlist not to keep rising and that is exactly what has happened. Watch the l2, there are plenty of buyers and not a lot of sellers. Netlist has been reporting one record breaking quarter after another recently reporting financial results for the first quarter 2022, ended April 2. Revenue more than tripled to $50.2 million compared to $14.9 million for last year’s quarter Gross profit dollars more than doubled to $3.4 million compared to $1.5 million for last year’s quarter. Up listing could be announced at any moment and it could ignite NLST to move into a new stratosphere. We have covered many penny stocks that went to NASDAQ, once there most never really did anything, AVLX has been ok. LWLG is a good one too but NLST is on another level and could go big on a higher exchange. 

Netlist is currently embroiled in patent infringement lawsuits against a number of businesses including Samsung and Google. You can find out more info here and here. Once the first suit is over and the verdict comes down in NLST favor as has been happening constantly against the biggest names in business with the best lawyers that money can buy but NLST keeps winning. The netlist story really took off in July when the US 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 a resounding win for Netlist and has set the tone for everything that has followed. The (‘912) patent is a seminal patent; an invention so impactful that it creates or shifts the technology space. This ruling has much larger implications than just GOOG which will more than likely set the tone for other settlements long overdue here. Netlist is one of the biggest runners Microcapdaily has ever reported on here on the website. We first reported on NLST on November 19, 2018 when the stock was $0.48 and it hit a high of $10.20 in July of 2021 up over 2000% since we first reported on it. We are expecting one day NLST could be a 10k% plus winner on the big boards since we first reported on it in 2018. Microcapdaily nominates NLST as the highest growth potential stock that we currently report on, this one could easily go into a whole new dimension and $3.40 per share is prime accumulation level territory you won’t get it much cheaper. 

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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. 

Netlist has been reporting one record setting quarter after another reoprting financial results for the first quarter 2022, ended April 2. Revenue more than tripled to $50.2 million compared to $14.9 million for last year’s quarter Gross profit dollars more than doubled to $3.4 million compared to $1.5 million for last year’s quarter. Net sales for the first quarter ended April 2, 2022 were $50.2 million, compared to net sales of $14.9 million for the first quarter ended April 3, 2021 and $36.3 million in the prior quarter. Gross profit for the first quarter ended April 2, 2022 was $3.4 million, compared to a gross profit of $1.5 million for the first quarter ended April 3, 2021 and $2.0 million for the prior quarter. As of April 2, 2022, cash, cash equivalents and restricted cash was $58.3 million, total assets were $88.5 million, working capital was $48.7 million, total debt was $5.1 million, and stockholders’ equity was $50.2 million.  

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. 

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Microcapdaily has been reporting on Netlist since November 9, 2018 and was here too last summer when the stock was under $0.25. On July 18, 2020 we stated on Netlist: “The stock is quickly emerging as the darling of small caps, attracting legions of shareholders ever since 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 is 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. This ruling has much larger implications than just GOOG which will more than likely set the tone for other settlements long overdue here.  

On June 14 Netlist announced that, the United States District Court for the Central District of California (the Court) issued an order granting in part Netlist’s motion for associated attorneys’ fees and expenses. The order is a final step in Netlist’s action against Samsung’s material breaches of the parties’ Joint Development and License Agreement, where on February 15, 2022, the Court entered Judgment for Netlist on each of its three claims. Netlist filed a patent infringement action against Samsung in December 2021 in the United States District Court for the Eastern District of Texas. Netlist now asserts six of its patents there. A claim construction hearing is currently scheduled for October 14, 2022, with a trial beginning next year on May 1, 2023. 

Jayson Sohi, Netlist’s Director of IP Strategy, said, “We are pleased that the Court recognized Samsung’s failure to admit requests for admissions, and saw fit to award Netlist compensation.” 

This follows May 6 when the United States District Court for the Northern District of California issued an order granting Netlist’s motion for summary judgement on intervening rights as to claim 16 of Netlist’s U.S. 7,619,912 (‘912) patent. As a result, Netlist’s enforcement of claim 16 cannot be abridged, and may proceed unencumbered by Google’s latest attempt to escape responsibility for their long history of using Netlist’s intellectual property without permission. The ‘912’s other claims were subject to intervening rights by the order, and they will continue to be asserted by Netlist under a narrower window of time for quantifying the harm caused by Google’s acts. 

Netlist believes that the teachings of the ‘912 patent can be found in various DDR3 and DDR4 server DIMMs (Dual Inline Memory Module) as well as future products that will be produced under the DDR5 server DIMM standards currently being established by the industry. The Court set a case management conference for June 23, 2022 at 10 a.m. PT. 

C.K. Hong, Netlist’s Chief Executive Officer, said, “This ruling stands as vindication of Netlist’s rights in its decade-plus fight against Google. We now look forward to a complete discovery of Google’s make and use of infringing products over this period, and bringing this case before a jury as soon as possible.” 

https://twitter.com/Jakesteakfarm/status/1537451769755602945

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Currently trading at a $814 million market valuation NLST has 232 million shares outstanding and an excellent balance sheet with $88.4 million in assets vs. $38 million in liabilities. Netlist has been reporting one record breaking quarter after another recently reporting financial results for the first quarter 2022, ended April 2. Revenue more than tripled to $50.2 million compared to $14.9 million for last year’s quarter Gross profit dollars more than doubled to $3.4 million compared to $1.5 million for last year’s quarter. The stock continues to drift towards $3.40 per share and investors are heavily accumulating at these levels. NLST is one of the most exciting stocks we have reported on here at MIcrocapdialy (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. Everything changed in July of 2021 when 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 a resounding win for Netlist and has set the tone for everything that has followed since. The (‘912) patent is a seminal patent; an invention so impactful that it creates or shifts the technology space. We are expecting one day NLST could be a 10k% plus winner on the big boards since we first reported on it in 2018. Microcapdaily nominates NLST as the highest growth potential stock that we currently report on, this one could easily go into a whole new dimension and $3.40 per share is prime accumulation level territory you won’t get it much cheaper. 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.

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