Netlist INC. (OTCQX: NLST) stock price has been seeing a series of surges and drops in the past six months, right after its first massive price boost that came in September 2018. This particular spike up soon came back down, although the price of the company’s stock managed to find a new bottom at $0.3, as opposed to the previous $0.1. Since then, the price continued to fluctuate between its support at $0.3 and a strong resistance at $0.7. The surges that followed the September spike up came in late September, late December, as well as late March 2019. If the price continues to follow this pattern, another massive surge might be coming soon.
Who is Netlist?
Netlist INC. is a provider of high-performance SSDs, as well as modular memory subsystems to various enterprises in many different industries. The company’s main products are NVvault and EXPRESSvault, which allow their users to improve the data speed on their servers, as well as increase storage and reliability. This allows them to protect enterprise-level cache, log data, metadata, and other data types in unfortunate situations such as power outage or system failure.
Netlist also has another product, HybiDIMM, which is a next-gen storage class memory product which came as a response to the growing need for real-time analytics. It can be used for Big Data applications, high-performance computing, in-memory databases, as well as advanced data storage solutions.
In addition, Netlist also creates and distributes specialty and legacy memory products. These are quite popular among appliance and storage customers, but also system builders, datacenter, and cloud customers. Netlist has an entire portfolio of its own patents in areas of rank multiplication, storage class memory, load reduction, and hybrid memory.
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Netlist’s rapid growth
Netlist announced the move to OTCQX in late September, which is when the price of the company’s stock started following its up-and-down pattern. The firm was welcomed by OTC Markets Group, and since then, the company got a lot more exposure.
Soon after that, in mid-October 2018, the company appointed Chuck Hausman as its Chief Licensing officer, which was followed by another big move — a partnership with Nyriad. The partnership came in early November, with the goal of reaching the most demanding storage applications.
In the following months, the company delivered several new high-performing tech solutions and was granted yet another patent by the US Patent Trial and Appeal Board.
One issue that continued to haunt the company for the last several months is claim construction order of SK hynix regarding two patents, which was found to be favorable to Netlist back in early September 2018. The dispute between the two remained unresolved to this day, as the US International Trade Commission (ITC) still conducts its investigation.
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Netlist has $18.1 million in the treasury and significant sales reporting revenues for the third quarter ended September 29, 2018 were $7.2 million, compared to revenues of $9.0 million for the quarter ended September 30, 2017. The Company recently received a favorable ruling from the U.S. International Trade Commission (ITC) as part of its case against SK hynix which targets billions of dollars of unlicensed server memory products. With the recent financing behind them NLST now has the cash on hand to make it through to the end of litigation and the prospect is promising. 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 Netlist either long or short and we have not been compensated for this article.