Netlist (NLST) Tops Q1 EPS by 1c

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Go back to Netlist (NLST) Tops Q1 EPS by 1c

Netlist Reports First Quarter 2017 Results

May 16, 2017 4:38 PM EDT

IRVINE, Calif., May 16, 2017 /PRNewswire/ -- Netlist, Inc. (NASDAQ: NLST), today reported financial results for the first quarter ended April 1, 2017. 

Revenues for the first quarter ended April 1, 2017, were $9.4 million, compared to revenues of $4.6 million for the quarter ended April 2, 2016, an increase of 105%.  Gross profit for the quarter ended April 1, 2017, was $680,000, or 7.2% of revenues, compared to a gross profit of $3.5 million, or 75% of revenues, for the quarter ended April 2, 2016.  The first quarter of 2016 included $3.4 million in non-recurring engineering revenues and gross profit for Phase 1 of the five year Joint Development Agreement with... More