Strong Revenue Growth
Netlist delivered a strong revenue growth of 140% from the third quarter of 2023, with revenues reaching $40.2 million compared to $16.7 million in the previous year.
Decrease in Operating Expenses
Operating expenses were reduced by 41% year-over-year, from $18.3 million in the prior year's quarter to $10.8 million in Q3 2024.
Significant Progress in IP Monetization
Netlist secured nearly $0.75 billion from two patent infringement jury awards in the past 18 months, highlighting the value of its intellectual property.
Introduction of New Products
The company introduced an ultra-low latency memory product line called Lightning for workstations and servers, expected to address a projected market of $250 million starting next year.