Netlist Inc
OTC:NLST
Netlist Inc
Netlist, Inc. engages in the design, manufacture and sale of memory subsystems for the computing and communications markets. The company is headquartered in Irvine, California and currently employs 120 full-time employees. The company went IPO on 2006-11-30. The firm operates in the design and manufacture of memory subsystems for the server, computing and communications markets. Its products include load-reduced dual in-line memory module (LRDIMM) based on its distributed buffer architecture, which has been adopted by the industry for DDR4 LRDIMM. The company also provides NAND flash memory (NAND flash) to the memory channel with its NVvault non-volatile dual in-line memory modules (NVDIMM) using software-intensive controllers and merging dynamic random access memory integrated circuits (DRAM ICs) and NAND flash to solve data bottleneck and data retention. The firm also offers storage-class memory products called HybriDIMM to address the growing need for real-time analytics in Big Data applications, in-memory databases, computing and data storage solutions.
Netlist, Inc. engages in the design, manufacture and sale of memory subsystems for the computing and communications markets. The company is headquartered in Irvine, California and currently employs 120 full-time employees. The company went IPO on 2006-11-30. The firm operates in the design and manufacture of memory subsystems for the server, computing and communications markets. Its products include load-reduced dual in-line memory module (LRDIMM) based on its distributed buffer architecture, which has been adopted by the industry for DDR4 LRDIMM. The company also provides NAND flash memory (NAND flash) to the memory channel with its NVvault non-volatile dual in-line memory modules (NVDIMM) using software-intensive controllers and merging dynamic random access memory integrated circuits (DRAM ICs) and NAND flash to solve data bottleneck and data retention. The firm also offers storage-class memory products called HybriDIMM to address the growing need for real-time analytics in Big Data applications, in-memory databases, computing and data storage solutions.
Revenue: Netlist reported Q3 2025 revenue of $42.2 million, which was in line with internal expectations.
Outlook: Management expects Q4 2025 revenue to be slightly higher than Q3, supported by ongoing demand.
Profitability: Net loss improved by 25% year-over-year, and operating expenses declined 17% versus last year.
Legal Developments: Netlist filed a new ITC action against Samsung, Google, and Supermicro, seeking to block imports of infringing memory products.
Cash Position: Ended Q3 with $20.8 million in cash and strengthened liquidity post-quarter with a $10 million capital raise.
AI & Product Demand: AI-driven demand is creating a memory shortage and higher prices, benefiting Netlist’s product outlook, especially for its Lightning DDR5 DIMM.
Litigation Expenses: Legal expenses are down 50% from last year; similar spending expected in 2026 as in 2025.
