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.
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