Reports Q2 revenue $41.7M vs. $36.8M last year. “Second quarter revenue improvement was driven by healthy demand for DDR5 memory modules for AI and data centers,” said Chief Executive Officer, C.K. Hong. “We continue to advance legal efforts to protect our intellectual property, filing multiple legal actions against Samsung and Micron for infringement of our new HBM and DDR5 patents. During the quarter, we also secured an order finalizing the district court’s $445 million damages award against Micron.”
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on NLST:
- NLST Earnings Report this Week: Is It a Buy, Ahead of Earnings?
- Netlist files new legal action against Samsung, Micron
- Netlist expands legal action against Samsung, Micron for patent infringement
- Netlist Expands Board with New Independent Directors
- Netlist Announces $12 Million Securities Purchase Agreement