Netlist Reports Reports Q4 EPS of $(0.13) vs. $(0.15)

Netlist, Inc. NLST today reported financial results for the fourth quarter and fiscal year ended January 1, 2011. Revenues for the fourth quarter ended January 1, 2011, were $10.1 million, up 51 percent from revenues of $6.7 million for the fourth quarter ended January 2, 2010. Gross profit for the fourth quarter ended January 1, 2011, was $3.3 million, or 32.6 percent of revenues, up 94 percent from a gross profit of $1.7 million, or 25.1 percent of revenues, for the fourth quarter ended January 2, 2010. Net loss for the fourth quarter ended January 1, 2011, was $3.2 million, or $0.13 loss per share, compared to a net loss in the prior year period of $3.0 million, or $0.15 loss per share. These results include stock-based compensation expense in the fourth quarter ended January 1, 2011, of $0.3 million compared with $0.3 million in the prior year period.