Revenue in Line with Expectations
Netlist's revenue for Q1 2025 was $29 million, in line with expectations despite short-term softness in consumer demand.
Operating Expense Reduction
Operating expenses for Q1 2025 declined by 44% compared to the prior year's quarter, mainly due to reductions in IT legal fees.
Significant Financial Flexibility
Netlist ended Q1 2025 with $25.6 million in cash and cash equivalents and a $10 million working capital line of credit, maintaining significant financial flexibility and liquidity.
Patent Litigation Progress
Netlist is progressing through appeals in multiple patent cases, with significant damages awarded in previous judgments, including $303 million and $118 million against Samsung, and $445 million against Micron.
Growth in AI Memory Market
Netlist is positioned to capitalize on the growing demand for AI memory, with plans to introduce high-capacity, high-performance MRDIMM products later in the year.