Revenue Update on Netlist(NASDAQ:NLST)

Netlist(NASDAQ:NLST) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Aug 3, 2016. Company reported revenue of $6.93M. Analysts estimated a revenue of $5.00M. Earnings per share were $-0.03. Analysts had estimated an EPS of $-0.02.

Netlist (NLST) shares turned negative on Fridays trading session with the shares closing down -0.04 points or -2.34% at a volume of 1,74,753. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $1.7299. The peak price level was also seen at $1.7299 while the days lowest was $1.65. Finally the shares closed at $1.67. The 52-week high of the shares is $1.8 while the 52-week low is $0.28. According to the latest information available, the market cap of the company is $85 M.

Several Insider Transactions has been reported to the SEC. On Dec 21, 2015, Chun K Hong (director officer 10% owner (President, CEO and Ch) sold 25,251 shares at $0.81 per share price.

Netlist Inc. (Netlist) designs manufactures and sells a range of memory subsystems for datacenter server and high-performance computing and communications markets. The Company’s memory subsystems consist of combinations of dynamic random access memory integrated circuits (DRAM ICs or DRAM) NAND flash memory (NAND) application-specific integrated circuits (ASICs) and other components assembled on printed circuit boards (PCBs). The Company primarily markets and sells its products to original equipment manufacturer (OEM) customers hyper scale datacenter operators and storage vendors. The Company’s products include NVvault HyperCloud and specialty memory modules and flash-based products. The Company’s NVvault product line consists primarily of battery-free and battery-powered flash backed cache memory subsystems focusing RAID storage application acceleration and mission critical data integrity.

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