Netlist reports Q2 EPS (6c) vs. (2c) last year

Reports Q2 revenue $10M vs. $55.4M last year. “Second quarter results reflect a sluggish memory market which appears to have bottomed, and we expect a return to growth of our product business in the second half of the year” said Chief Executive Officer, C.K. Hong. “We were pleased with the favorable outcome in the Claim Construction in the Micron case last week and look forward to the Court’s final judgement for the $303 million jury verdict for Samsung’s willful past infringement. It should now be clear that Netlist’s IP portfolio is important to the memory industry’s rapid move to DDR5 and AI.”