Netlist Reports Second Quarter Results (NLST)

Netlist, Inc. NLST today reported financial results for the second quarter and six months ended July 3, 2010. Revenues for the second quarter ended July 3, 2010, were $9.3 million, up 193 percent from revenues of $3.2 million for the second quarter ended July 4, 2009. Sequentially, revenues improved 17.9 percent from the $7.9 million in revenues for the first quarter ended April 3, 2010. Gross profit for the second quarter ended July 3, 2010, was $1.8 million, or 19.5 percent of revenues, compared to a gross profit of $0.2 million, or 7.7 percent of revenues, for the second quarter ended July 4, 2009. Net loss for the second quarter ended July 3, 2010, was $4.0 million, or $0.16 loss per share, compared to a net loss in the prior year period of $4.0 million, or $0.20 loss per share. These results include stock-based compensation expense in the second quarter ended July 3, 2010, of $0.4 million compared with $0.3 million in the prior year period.