Significant Revenue Growth
Second quarter revenue increased by 44% sequentially and by 13% year-over-year, driven by strong demand for DDR5 and DDR4 products.
Legal Victories and Patent Strength
Netlist secured a $445 million damages award against Micron and successfully concluded a breach of contract case against Samsung, with $866 million in total damages from three verdicts for patent infringement.
Strategic Financial Positioning
Netlist strengthened its financial position with $29 million in cash and cash equivalents, minimal debt, and a successful $11.7 million direct offering.
Board Expansion
Appointment of two seasoned attorneys, Jun Cho and Blake Welcher, to the Board of Directors to strengthen expertise in product distribution, intellectual property, and licensing.