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Netlist (NLST) Misses Q3 EPS by 3c

November 11, 2014 4:35 PM EST

Netlist (NASDAQ: NLST) reported Q3 EPS of ($0.10), $0.03 worse than the analyst estimate of ($0.07). Revenue for the quarter came in at $4.8 million versus the consensus estimate of $6 million.

Commenting on the results, C.K. Hong, Netlist's Chief Executive Officer, stated, "The third quarter results reflect our continuing investments in the three strategic areas of our business -- proliferation of our NVvault" product line into the cloud computing space, development of HyperVault, the fastest next generation hybrid memory solution and the monetization of our intellectual property assets. We saw tangible evidence of progress in each of these areas as we achieved NV qualifications in a number of new customers, reached important milestones in the development of HyperVault and motioned for a preliminary injunction against the ULLtraDIMM product in our year-long trade secrets case in the Northern District of California. We remain confident that the continued investments in these key areas will unlock the value of our products and intellectual property assets, and position the company for the long term."

For earnings history and earnings-related data on Netlist (NLST) click here.



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