Cash flow Netlist, Inc.

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US64118P1093

Computer Hardware

Real-time OTC Markets 15:59:43 2026-06-04 EDT			5-day change	1st Jan Change
3.120 ^USD	+1.30%		-46.94%	+251.00%

08-05	Netlist, Inc. - Special Call
08-05	Netlist, Inc. and Samsung Enter Strategic Alliance for Advanced Memory Technology	CI

bee121c1c4d35b8d0572.s-R_0x7RacMlNQCiHKMCnqOIsUsUDxsbZi7BwxJzPOM.0pMxqjPmGakRAXj9W5M1_fnZhjh5QH8iPGSLu3sZc4vHnRyrLrMl-whRRQ

Published financial data: NETLIST, INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021	2022	2023	2024	2025
Revenues	142M	162M	69.2M	147M	189M
Total Revenues	142M	162M	69.2M	147M	189M
Cost of Goods Sold, Total	93.46M	150M	66.81M	144M	177M
Gross Profit	48.9M	11.89M	2.39M	2.88M	11.44M
Selling General & Admin Expenses, Total	10.78M	14.35M	12.41M	12.09M	13.22M
R&D Expenses	7.24M	10.62M	9.16M	8.06M	3.5M
Other Operating Expenses, Total	18.02M	24.97M	21.58M	20.15M	16.72M
Operating Income	30.88M	-13.08M	-19.18M	-17.27M	-5.28M
Interest Expense, Total	-568K	-	-	-	-
Interest And Investment Income	-	57K	1.3M	1.05M	522K
Net Interest Expenses	-568K	57K	1.3M	1.05M	522K
Other Non Operating Income (Expenses)	43K	74K	60K	316K	164K
EBT, Excl. Unusual Items	30.35M	-12.95M	-17.82M	-15.91M	-4.59M
Gain (Loss) On Sale Of Assets	-	-	-	-	-
Legal Settlements	-19.49M	-20.42M	-42.57M	-37.96M	-20.23M
Other Unusual Items	600K	-	-	-	-
EBT, Incl. Unusual Items	11.46M	-33.37M	-60.4M	-53.86M	-24.82M
Income Tax Expense	6.63M	1K	1K	1K	-
Earnings From Continuing Operations	4.83M	-33.37M	-60.4M	-53.86M	-24.82M
Net Income to Company	4.83M	-33.37M	-60.4M	-53.86M	-24.82M
Net Income - (IS)	4.83M	-33.37M	-60.4M	-53.86M	-24.82M
Net Income to Common Incl Extra Items	4.83M	-33.37M	-60.4M	-53.86M	-24.82M
Net Income to Common Excl. Extra Items	4.83M	-33.37M	-60.4M	-53.86M	-24.82M
Per Share Items
Net EPS - Basic	0.02	-0.14	-0.25	-0.21	-0.09
Basic EPS - Continuing Operations	0.02	-0.14	-0.25	-0.21	-0.09
Basic Weighted Average Shares Outstanding	218M	231M	244M	260M	287M
Net EPS - Diluted	0.02	-0.14	-0.25	-0.21	-0.09
Diluted EPS - Continuing Operations	0.02	-0.14	-0.25	-0.21	-0.09
Diluted Weighted Average Shares Outstanding	226M	231M	244M	260M	287M
Normalized Basic EPS	0.09	-0.03	-0.05	-0.04	-0.01
Normalized Diluted EPS	0.08	-0.03	-0.05	-0.04	-0.01
Supplemental Items
EBITDA	31M	-12.74M	-18.82M	-16.92M	-5M
EBITA	30.88M	-13.08M	-19.18M	-17.27M	-5.28M
EBIT	30.88M	-13.08M	-19.18M	-17.27M	-5.28M
EBITDAR	31.43M	-11.95M	-18.04M	-16.27M	-4.38M
Total Revenues (As Reported)	142M	162M	69.2M	-	-
Effective Tax Rate - (Ratio)	57.84	-0	-0	-0	-
Current Domestic Taxes	27K	1K	1K	1K	-
Current Foreign Taxes	6.6M	-	-	-	-
Total Current Taxes	6.63M	1K	1K	1K	-
Deferred Domestic Taxes	3.8M	8.81M	0	0	0
Deferred Foreign Taxes	15K	17K	0	0	0
Total Deferred Taxes	3.81M	8.83M	0	0	0
Normalized Net Income	18.97M	-8.09M	-11.14M	-9.94M	-2.87M
Interest on Long-Term Debt	3K	11K	9K	1K	-
Supplemental Operating Expense Items
Research And Development Expense From Footnotes	7.24M	10.62M	9.16M	8.06M	3.5M
Net Rental Expense, Total	422K	786K	772K	656K	615K
Imputed Operating Lease Interest Expense	125K	-	-	-	-
Imputed Operating Lease Depreciation	297K	-	-	-	-
Stock-Based Comp., COGS (Total)	12K	63K	110K	99K	83K
Stock-Based Comp., R&D Exp. (Total)	570K	903K	875K	908K	552K
Stock-Based Comp., SG&A Exp. (Total)	998K	2.25M	3.35M	3.43M	2.8M
Total Stock-Based Compensation	1.58M	3.21M	4.34M	4.44M	3.44M

Fiscal Period: December	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	47.68M	25.01M	40.44M	22.51M	31.78M
Total Cash And Short Term Investments	47.68M	25.01M	40.44M	22.51M	31.78M
Accounts Receivable, Total	12.73M	8.24M	4.56M	1.67M	2.41M
Total Receivables	12.73M	8.24M	4.56M	1.67M	2.41M
Inventory	15.67M	10.69M	12.03M	2.74M	3.38M
Prepaid Expenses	1.13M	1.31M	441K	733K	332K
Restricted Cash	10.8M	18.6M	12.4M	12.1M	10.3M
Total Current Assets	88M	63.85M	69.88M	39.76M	48.21M
Gross Property Plant And Equipment	13.24M	13.81M	12.68M	4.75M	3.84M
Accumulated Depreciation	-10.36M	-10.63M	-10.32M	-3.13M	-3M
Net Property Plant And Equipment	2.88M	3.18M	2.36M	1.62M	841K
Other Long-Term Assets, Total	294K	295K	560K	466K	428K
Total Assets	91.18M	67.32M	72.8M	41.84M	49.48M
Liabilities
Accounts Payable, Total	25.89M	28.47M	39.83M	42.31M	20.61M
Accrued Expenses, Total	1.6M	3.56M	3.21M	808K	852K
Short-term Borrowings	7M	4.94M	3.84M	1.23M	1.79M
Current Portion of Long-Term Debt	562K	447K	-	-	-
Current Portion of Leases	342K	662K	707K	644K	622K
Unearned Revenue Current, Total	-	-	-	40K	30.57M
Other Current Liabilities	-	-	-	2.03M	196K
Total Current Liabilities	35.39M	38.07M	47.59M	47.06M	54.64M
Long-Term Debt	-	-	-	-	-
Long-Term Leases	1.63M	1.84M	1.22M	644K	23K
Other Non Current Liabilities	111K	174K	230K	183K	17K
Total Liabilities	37.13M	40.09M	49.04M	47.89M	54.68M
Common Stock, Total	231K	233K	254K	273K	308K
Additional Paid In Capital	244M	250M	307M	331M	357M
Retained Earnings	-190M	-223M	-284M	-338M	-363M
Total Common Equity	54.04M	27.24M	23.76M	-6.05M	-5.2M
Total Equity	54.04M	27.24M	23.76M	-6.05M	-5.2M
Total Liabilities And Equity	91.18M	67.32M	72.8M	41.84M	49.48M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	231M	236M	255M	274M	317M
ECS Total Common Shares Outstanding	230M	233M	254M	272M	307M
Book Value / Share	0.23	0.12	0.09	-0.02	-0.02
Tangible Book Value	54.04M	27.24M	23.76M	-6.05M	-5.2M
Tangible Book Value Per Share	0.23	0.12	0.09	-0.02	-0.02
Total Debt	9.54M	7.88M	5.77M	2.52M	2.43M
Net Debt	-38.14M	-17.13M	-34.67M	-19.99M	-29.35M
Debt Equivalent Oper. Leases	3.38M	6.29M	6.18M	5.25M	4.92M
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	4.21M	8.22M	4.13M	379K	181K
Inventories - Work In Process, Total	154K	185K	274K	54K	190K
Inventories - Finished Goods, Total	11.31M	2.28M	7.62M	2.31M	3.01M
Machinery, Total	10.43M	10.98M	10.31M	3.16M	3.19M
Full Time Employees	120	100	96	60	66
Part Time Employees	-	-	-	6	6
Accumulated Allowance for Doubtful Accounts (Supple)	283K	137K	68K	41K	33K

Fiscal Period: December	2021	2022	2023	2024	2025
Net Income	4.83M	-33.37M	-60.4M	-53.86M	-24.82M
Depreciation & Amortization - CF	127K	340K	368K	345K	280K
Depreciation & Amortization, Total	127K	340K	368K	345K	280K
Amortization of Deferred Charges, Total - (CF)	228K	-	-	-	-
(Gain) Loss From Sale Of Asset	-	-	-	-	-
Stock-Based Compensation (CF)	1.58M	3.21M	4.34M	4.44M	3.44M
Provision and Write-off of Bad Debts	-	-	-	-	-
Other Operating Activities, Total	32K	640K	640K	99K	-70K
Change In Accounts Receivable	-8.05M	4.48M	3.68M	2.89M	-740K
Change In Inventories	-12.47M	4.98M	-1.34M	9.29M	-639K
Change In Accounts Payable	20.17M	2.58M	11.36M	2.48M	-21.7M
Change in Unearned Revenues	-	-	-	40K	30.53M
Change in Other Net Operating Assets	-438K	2.13M	-246K	-294K	-1.02M
Cash from Operations	6.01M	-15M	-41.6M	-34.58M	-14.74M
Capital Expenditure	-520K	-467K	-	-71K	-42K
Cash from Investing	-520K	-467K	-	-71K	-42K
Short Term Debt Issued, Total	3.32M	-	-	-	558K
Long-Term Debt Issued, Total	-	-	-	-	-
Total Debt Issued	3.32M	-	-	-	558K
Short Term Debt Repaid, Total	-	-2.06M	-1.09M	-2.61M	-
Long-Term Debt Repaid, Total	-17.11M	-691K	-658K	-590K	-537K
Total Debt Repaid	-17.11M	-2.76M	-1.75M	-3.2M	-537K
Issuance of Common Stock	51.39M	4.72M	52.58M	19.64M	22.29M
Repurchase of Common Stock	-1.14M	-1.37M	-	-19K	-59K
Other Financing Activities, Total	-	-	-	-	-
Cash from Financing	36.47M	594K	50.84M	16.42M	22.25M
Net Change in Cash	41.95M	-14.87M	9.23M	-18.24M	7.48M
Supplemental Items
Cash Interest Paid	56K	90K	47K	101K	56K
Cash Income Tax Paid (Refund)	6.6M	1K	1K	1K	-
Levered Free Cash Flow	12.34M	944K	13.13M	8.25M	8.24M
Unlevered Free Cash Flow	12.47M	944K	13.13M	8.25M	8.24M
Change In Net Working Capital	8.02M	-6.03M	-20.41M	-14.33M	-7.87M
Net Debt Issued / Repaid	-13.78M	-2.76M	-1.75M	-3.2M	21K

Fiscal Period: December	2021	2022	2023	2024	2025
Profitability
Return on Assets	33.14	-10.31	-17.11	-18.83	-7.23
Return on Total Capital	47.06	-16.56	-37.09	-83.03	104.74
Return On Equity %	18.79	-82.11	-236.88	-608.27	441.28
Return on Common Equity	18.79	-82.11	-236.88	-608.27	441.28
Margin Analysis
Gross Profit Margin %	34.35	7.36	3.46	1.96	6.06
SG&A Margin	7.57	8.88	17.94	8.22	7.01
EBITDA Margin %	21.78	-7.88	-27.19	-11.51	-2.65
EBITA Margin %	21.69	-8.09	-27.72	-11.74	-2.8
EBIT Margin %	21.69	-8.09	-27.72	-11.74	-2.8
Income From Continuing Operations Margin %	3.39	-20.64	-87.27	-36.62	-13.16
Net Income Margin %	3.39	-20.64	-87.27	-36.62	-13.16
Net Avail. For Common Margin %	3.39	-20.64	-87.27	-36.62	-13.16
Normalized Net Income Margin	13.33	-5.01	-16.1	-6.76	-1.52
Levered Free Cash Flow Margin	8.67	0.58	18.97	5.61	4.37
Unlevered Free Cash Flow Margin	8.76	0.58	18.97	5.61	4.37
Asset Turnover
Asset Turnover	2.44	2.04	0.99	2.57	4.13
Fixed Assets Turnover	89.64	53.34	24.98	73.96	153.42
Receivables Turnover (Average Receivables)	16.36	15.42	10.81	47.2	92.42
Inventory Turnover (Average Inventory)	9.91	11.36	5.88	19.52	57.84
Short Term Liquidity
Current Ratio	2.49	1.68	1.47	0.84	0.88
Quick Ratio	1.71	0.87	0.95	0.51	0.63
Operating Cash Flow to Current Liabilities	0.17	-0.39	-0.87	-0.73	-0.27
Days Sales Outstanding (Average Receivables)	22.25	23.61	33.67	7.71	3.94
Days Outstanding Inventory (Average Inventory)	36.74	32.03	61.88	18.65	6.29
Average Days Payable Outstanding	53.63	68.34	182.38	110.79	64.39
Cash Conversion Cycle (Average Days)	5.37	-12.69	-86.82	-84.43	-54.16
Long Term Solvency
Total Debt/Equity	17.65	28.95	24.29	-41.63	-46.76
Total Debt / Total Capital	15	22.45	19.54	-71.33	-87.83
LT Debt/Equity	3.02	6.76	5.13	-10.65	-0.44
Long-Term Debt / Total Capital	2.57	5.24	4.13	-18.24	-0.83
Total Liabilities / Total Assets	40.73	59.54	67.36	114.46	110.52
EBIT / Interest Expense	54.36	-	-	-	-
EBITDA / Interest Expense	55.33	-	-	-	-
(EBITDA - Capex) / Interest Expense	54.41	-	-	-	-
Total Debt / EBITDA	0.3	-0.66	-0.32	-0.15	-0.55
Net Debt / EBITDA	-1.21	1.43	1.92	1.23	6.69
Total Debt / (EBITDA - Capex)	0.31	-0.63	-0.32	-0.15	-0.55
Net Debt / (EBITDA - Capex)	-1.23	1.38	1.92	1.22	6.63
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	201.38	13.54	-57.18	112.56	28.23
Gross Profit, 1 Yr. Growth %	626.44	-75.68	-79.88	20.52	296.67
EBITDA, 1 Yr. Growth %	-817.35	-141.09	47.71	-10.05	-70.46
EBITA, 1 Yr. Growth %	-790.92	-142.36	46.69	-9.98	-69.43
EBIT, 1 Yr. Growth %	-790.92	-142.36	46.69	-9.98	-69.43
Earnings From Cont. Operations, 1 Yr. Growth %	-166.47	-790.75	80.99	-10.82	-53.91
Net Income, 1 Yr. Growth %	-166.47	-790.75	80.99	-10.82	-53.91
Normalized Net Income, 1 Yr. Growth %	-719.56	-142.66	37.67	-10.77	-71.12
Diluted EPS Before Extra, 1 Yr. Growth %	-150	-820.77	73.43	-16.23	-58.21
Accounts Receivable, 1 Yr. Growth %	171.94	-35.24	-44.65	-63.37	44.28
Inventory, 1 Yr. Growth %	389.99	-31.81	12.59	-77.19	23.29
Net Property, Plant and Equip., 1 Yr. Growth %	872.97	10.45	-25.81	-31.44	-48.02
Total Assets, 1 Yr. Growth %	260.78	-26.16	8.13	-42.53	18.26
Tangible Book Value, 1 Yr. Growth %	-2.16K	-49.6	-12.77	-125.46	-13.97
Common Equity, 1 Yr. Growth %	-2.16K	-49.6	-12.77	-125.46	-13.97
Cash From Operations, 1 Yr. Growth %	-173.85	-349.63	177.43	-16.86	-57.39
Capital Expenditures, 1 Yr. Growth %	1.11K	-10.19	-	-	-40.85
Levered Free Cash Flow, 1 Yr. Growth %	-291.07	-92.35	1.29K	-37.16	-0.08
Unlevered Free Cash Flow, 1 Yr. Growth %	-296.68	-92.43	1.29K	-37.16	-0.08
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	133.53	84.99	-30.28	-4.6	65.1
Gross Profit, 2 Yr. CAGR %	336.19	32.92	-77.88	-50.75	118.65
EBITDA, 2 Yr. CAGR %	107.7	71.68	-22.09	15.26	-48.46
EBITA, 2 Yr. CAGR %	104.84	71.07	-21.18	14.91	-47.54
EBIT, 2 Yr. CAGR %	104.84	71.07	-21.18	14.91	-47.54
Earnings From Cont. Operations, 2 Yr. CAGR %	-37.71	114.27	253.58	27.05	-35.89
Net Income, 2 Yr. CAGR %	-37.71	114.27	253.58	27.05	-35.89
Normalized Net Income, 2 Yr. CAGR %	91.14	62.57	-24.11	10.84	-49.24
Diluted EPS Before Extra, 2 Yr. CAGR %	-51.22	89.84	253.55	19.9	-40.84
Accounts Receivable, 2 Yr. CAGR %	86.17	32.71	-40.13	-54.97	-27.3
Inventory, 2 Yr. CAGR %	111.71	82.8	-12.38	-49.33	-46.97
Net Property, Plant and Equip., 2 Yr. CAGR %	51.55	227.82	-9.48	-28.68	-40.3
Total Assets, 2 Yr. CAGR %	102.93	63.22	-10.64	-21.17	-17.56
Tangible Book Value, 2 Yr. CAGR %	154.21	222.42	-33.69	-52.88	-53.2
Common Equity, 2 Yr. CAGR %	154.21	222.42	-33.69	-52.88	-53.2
Cash From Operations, 2 Yr. CAGR %	-27.68	35.78	163.16	51.87	-40.49
Capital Expenditures, 2 Yr. CAGR %	150.3	229.55	-	-61.01	-
Levered Free Cash Flow, 2 Yr. CAGR %	42.31	-61.77	3.14	195.67	-20.76
Unlevered Free Cash Flow, 2 Yr. CAGR %	44.35	-61.42	2.61	195.67	-20.76
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	61.93	83.63	13.58	1.1	5.28
Gross Profit, 3 Yr. CAGR %	176.98	66.64	-29.16	-61.07	-1.28
EBITDA, 3 Yr. CAGR %	62.69	21.02	63.29	-18.27	-26.79
EBITA, 3 Yr. CAGR %	60.6	21.13	62.52	-17.61	-26.1
EBIT, 3 Yr. CAGR %	60.6	21.13	62.52	-17.61	-26.1
Earnings From Cont. Operations, 3 Yr. CAGR %	-34.41	38.9	102.55	123.4	-9.39
Net Income, 3 Yr. CAGR %	-34.41	38.9	102.55	123.4	-9.39
Normalized Net Income, 3 Yr. CAGR %	54.66	15.94	53.81	-19.9	-29.21
Diluted EPS Before Extra, 3 Yr. CAGR %	-49.99	19.7	84.2	118.02	-15.62
Accounts Receivable, 3 Yr. CAGR %	63.4	30.93	-0.85	-49.17	-33.62
Inventory, 3 Yr. CAGR %	74.56	45.13	55.53	-44.05	-31.85
Net Property, Plant and Equip., 3 Yr. CAGR %	117.74	36.38	99.77	-17.49	-35.82
Total Assets, 3 Yr. CAGR %	54.2	44.87	42.29	-22.87	-9.76
Tangible Book Value, 3 Yr. CAGR %	112	48.23	108.53	-51.81	-42.41
Common Equity, 3 Yr. CAGR %	112	48.23	108.53	-51.81	-42.41
Cash From Operations, 3 Yr. CAGR %	-17.16	9.3	72.29	79.23	-0.58
Capital Expenditures, 3 Yr. CAGR %	91.54	77.86	-	-48.51	-55.2
Levered Free Cash Flow, 3 Yr. CAGR %	122.22	-46.3	26.67	-12.56	105.95
Unlevered Free Cash Flow, 3 Yr. CAGR %	115.12	-45.97	27.47	-12.86	105.95
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	61.9	33.36	15.6	41.31	31.91
Gross Profit, 5 Yr. CAGR %	146.34	37.09	0.79	2.33	11.19
EBITDA, 5 Yr. CAGR %	16.42	5.24	21.18	18.69	2.95
EBITA, 5 Yr. CAGR %	15.87	5.2	20.81	18.6	3.39
EBIT, 5 Yr. CAGR %	15.87	5.2	20.81	18.6	3.39
Earnings From Cont. Operations, 5 Yr. CAGR %	-15.53	19.98	28.68	34.03	27.85
Net Income, 5 Yr. CAGR %	-15.53	19.98	28.68	34.03	27.85
Normalized Net Income, 5 Yr. CAGR %	15.18	3.87	16.79	13.87	-1.28
Diluted EPS Before Extra, 5 Yr. CAGR %	-37.45	-6.79	9.35	19.78	16.71
Accounts Receivable, 5 Yr. CAGR %	48.69	22.42	9.36	-14.57	-12.42
Inventory, 5 Yr. CAGR %	37.75	21.09	32.5	-4.73	1.13
Net Property, Plant and Equip., 5 Yr. CAGR %	34.89	47.28	53.27	5.23	23.23
Total Assets, 5 Yr. CAGR %	35.49	29.08	23.97	13.57	14.38
Tangible Book Value, 5 Yr. CAGR %	152.26	38.6	33.17	-6.28	14.71
Common Equity, 5 Yr. CAGR %	152.26	38.6	33.17	-6.28	14.71
Cash From Operations, 5 Yr. CAGR %	-21.99	5.74	31.53	24.67	12.62
Capital Expenditures, 5 Yr. CAGR %	8.49	37.8	-	-3.08	-0.47
Levered Free Cash Flow, 5 Yr. CAGR %	-9.26	-23.59	63.47	6.25	5
Unlevered Free Cash Flow, 5 Yr. CAGR %	-8.94	-23	59.99	6.64	5.4