
Overview
Memory solutions provider's Q4 net sales rose 121% yr/yr
Q4 net loss improved by 82% compared to last year
Gross profit for Q4 increased 2,620% yr/yr
Outlook
Company did not provide specific financial guidance for future periods
Result Drivers
PRODUCT AND IP INITIATIVES - Co attributed improved financial performance to progress in product and IP initiatives, including appellate wins and expanded enforcement actions
R&D INVESTMENT - Co continues to invest in R&D for next-generation memory technologies, positioning for future growth
Company press release: ID:nACS64gqba
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q4 Revenue | Beat | $75.72 mln | $44 mln (1 Analyst) |
Q4 EPS | Meet | -$0.01 | -$0.01 (1 Analyst) |
Q4 Net Income | Beat | -$2.25 mln | -$3.50 mln (1 Analyst) |
Q4 Operating Income | Beat | -$2.35 mln | -$6.50 mln (1 Analyst) |
Q4 Gross Profit |
| $6.91 mln |
|
Q4 Operating Expenses |
| $9.26 mln |
|
Analyst Coverage
The one available analyst rating on the shares is "buy"
The average consensus recommendation for the computer hardware peer group is "buy"
Wall Street's median 12-month price target for Netlist Inc is $2.00, about 61.1% above its March 2 closing price of $1.24
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