A Business at a Glance
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NETLIST INC
NLST
$641M
Mkt Cap
$2.50
+0.81%
NETLIST INC (NLST) has a 5-year average return on invested capital (ROIC) of -29.4%. This is below average and may indicate limited pricing power.
NETLIST INC (NLST) has a market capitalization of $768M. It is classified as a small-cap stock.
NETLIST INC (NLST) does not currently pay a regular dividend.
NETLIST INC (NLST) operates in the Semiconductors & Related Devices industry, within the Technology sector.
NETLIST INC (NLST) reported annual revenue of $147 million in its most recent fiscal year, based on SEC EDGAR filings.
NETLIST INC (NLST) has a net profit margin of -36.6%. The company is currently unprofitable.
NETLIST INC (NLST) generated $-35 million in free cash flow in its most recent fiscal year. Negative free cash flow may indicate heavy investment or operational challenges.
We are a leading innovator in advanced memory and storage solutions, pushing the boundaries of technology to deliver unparalleled performance and reliability. With a rich portfolio of patented technologies, we have consistently driven innovation in the field of cutting-edge enterprise memory and storage, advancing artificial intelligence (“AI”) and empowering businesses and industries to thrive in the digital age. Our Industry The global high-performance memory market is driven by increasing demand from data center and enterprise storage applications for improved input/output performance, lower latency, and increased redundant persistent data storage capacities. The proliferation of mobile devices, social media platforms, cognitive/artificial intelligence systems and cloud-based software applications has resulted in the accelerating creation and transmission of data.
| Metric | TTM | FY2024 | FY2023 | FY2022 | FY2021 | FY2019 |
|---|---|---|---|---|---|---|
| Revenue | 189M | 147M | - | - | - | - |
| Net Income | -25M | -54M | -60M | -33M | -7.3M | -12M |
| EPS | $-0.09 | $-0.21 | $-0.25 | $-0.14 | $-0.04 | $-0.08 |
| Free Cash Flow | -15M | -35M | -42M | -15M | -8.2M | -12M |
| ROIC | -40.7% | -104.3% | -67.0% | 92.5% | -27.1% | -41.0% |
| Gross Margin | 6.1% | 2.0% | - | - | - | - |
| Debt/Equity | 0.00 | -0.20 | 0.10 | 0.11 | -0.06 | -2.01 |
| Dividends/Share | $0.00 | - | - | - | - | - |
| Operating Income | -26M | -55M | -62M | 11M | -6.8M | -11M |
| Operating Margin | -13.5% | -37.5% | - | - | - | - |
| ROE | 0.0% | -608.3% | -236.9% | -271.1% | 277.4% | 177.4% |
| Shares Outstanding | 307M | 257M | 242M | 238M | 182M | 156M |
| Metric | 2015 | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 37M | 23M | 19M | N/A | 20M | 38M | N/A | N/A | N/A | N/A | N/A | 147M | 189M |
| Gross Margin | 25.5% | 13.5% | 20.7% | N/A | 37.6% | 6.4% | N/A | N/A | N/A | N/A | N/A | 2.0% | 6.1% |
| R&D | 13M | 4.6M | 4.6M | 6.0M | 6.3M | 5.2M | 2.9M | 2.4M | 3.0M | 11M | 9.2M | 8.1M | 3.5M |
| SG&A | 10M | 6.3M | 6.8M | 7.8M | 9.0M | 7.4M | 6.9M | 7.5M | 8.2M | 14M | 12M | 12M | 13M |
| EBIT | -14M | -9.8M | -14M | -17M | -11M | -13M | -16M | -11M | -6.8M | 11M | -62M | -55M | -26M |
| Op. Margin | -36.7% | -42.7% | -71.9% | N/A | -56.1% | -33.5% | N/A | N/A | N/A | N/A | N/A | -37.5% | -13.5% |
| Net Income | -14M | -11M | -15M | -21M | -11M | -13M | -17M | -12M | -7.3M | -33M | -60M | -54M | -25M |
| Net Margin | -37.9% | -46.7% | -80.1% | N/A | -57.1% | -35.0% | N/A | N/A | N/A | N/A | N/A | -36.6% | -13.5% |
| Non-Recurring | 0 | 0 | 0 | 0 | -1K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Returns on Capital | |||||||||||||
| ROIC | -73.1% | -73.4% | -150.9% | N/A | -81.8% | -115.9% | -162.2% | -41.0% | -27.1% | 92.5% | -67.0% | -104.3% | -40.7% |
| ROE | -83.1% | -103.9% | -262.2% | N/A | N/A | 458.4% | 311.3% | 177.4% | 277.4% | -271.1% | -236.9% | -608.3% | 0.0% |
| ROA | -51.2% | -53.7% | -91.6% | N/A | -56.2% | -69.3% | -78.4% | -53.0% | -28.8% | -72.1% | -86.2% | -94.0% | -51.4% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | -7.0M | -4.0M | -6.4M | -9.3M | -21M | -11M | -11M | -11M | -8.1M | -15M | -42M | -35M | -15M |
| Free Cash Flow | -8.7M | -4.1M | -6.5M | -9.7M | -21M | -11M | -11M | -12M | -8.2M | -15M | -42M | -35M | -15M |
| Owner Earnings | -11M | -7.2M | -9.3M | -11M | -23M | -13M | -12M | -13M | -9.0M | -19M | -46M | -39M | -18M |
| CapEx | 1.7M | 119K | 141K | 366K | 346K | 94K | 74K | 83K | 43K | 467K | 0 | 71K | 42K |
| Maint. CapEx | 2.0M | 1.5M | 882K | 349K | 287K | 280K | 254K | 172K | 147K | 340K | 368K | 345K | 280K |
| Growth CapEx | 0 | 0 | 0 | 17K | 59K | 0 | 0 | 0 | 0 | 127K | N/A | 0 | 0 |
| D&A | 2.0M | 1.5M | 882K | 349K | 287K | 280K | 254K | 172K | 147K | 340K | 368K | 345K | 280K |
| CapEx/OCF | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 8.7% | N/A | N/A | 0.0% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | 64K | 14K | 22K | 22K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Buyback Yield | N/A | N/A | N/A | 0.0% | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.0% |
| Stock-Based Comp | 1.9M | 1.7M | 2.0M | 1.8M | 1.5M | 1.2M | 737K | 989K | 763K | 3.2M | 4.3M | 4.4M | 3.4M |
| Debt Repayment | 1.3M | 1.0M | 197K | 11M | 305K | 371K | 345K | 376K | 423K | 17M | 447K | 500K | 500K |
| Balance Sheet | |||||||||||||
| Net Debt | 8.8M | 2.0M | -5.5M | -6.0M | 6.0M | 8.0M | 2.9M | 7.9M | -13M | -22M | -38M | -44M | -31M |
| Cash & Equiv. | 7.8M | 6.7M | 11M | 20M | 9.5M | 6.7M | 15M | 9.0M | 13M | 25M | 40M | 23M | 32M |
| Long-Term Debt | 3.5M | 5.1M | 3.6M | 14M | 14M | 15M | 17M | 16M | 146K | 562K | 447K | 3K | 537K |
| Debt/Equity | 1.24 | 1.30 | 1.17 | N/A | -29.27 | -2.77 | -3.12 | -2.01 | -0.06 | 0.11 | 0.10 | -0.20 | 0.00 |
| Interest Coverage | -57.8 | -12.4 | -8.8 | N/A | -18.6 | -22.1 | -22.2 | -12.2 | -12.9 | 20.0 | -47.5 | -52.7 | -52.7 |
| Equity | 14M | 7.0M | 4.7M | N/A | -529K | -5.3M | -5.7M | -8.4M | -2.6M | 27M | 24M | -6.0M | -5.2M |
| Total Assets | 22M | 18M | 16M | N/A | 20M | 19M | 25M | 22M | 25M | 67M | 73M | 42M | 49M |
| Total Liabilities | 8.7M | 11M | 11M | 26M | 20M | 24M | 31M | 31M | 28M | 40M | 49M | 48M | 55M |
| Intangibles | N/A | N/A | N/A | 0 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Retained Earnings | -87M | -97M | -113M | -133M | -145M | -158M | -175M | -188M | -195M | -223M | -284M | -338M | -363M |
| Working Capital | 11M | 11M | 7.9M | 12M | 13M | 7.6M | 10M | 5.4M | -2.7M | 26M | 22M | -7.3M | -6.4M |
| Current Assets | 20M | 16M | 15M | 24M | 19M | 17M | 23M | 20M | 25M | 64M | 70M | 40M | 48M |
| Current Liabilities | 8.6M | 5.5M | 7.5M | 12M | 6.2M | 9.3M | 13M | 14M | 28M | 38M | 48M | 47M | 55M |
| Per Share Data | |||||||||||||
| EPS | -0.50 | -0.35 | -0.38 | -0.42 | -0.21 | -0.20 | -0.16 | -0.08 | -0.04 | -0.14 | -0.25 | -0.21 | -0.09 |
| Owner EPS | -0.39 | -0.23 | -0.23 | -0.23 | -0.42 | -0.19 | -0.11 | -0.08 | -0.05 | -0.08 | -0.19 | -0.15 | -0.06 |
| Book Value | 0.49 | 0.23 | 0.12 | N/A | -0.01 | -0.08 | -0.05 | -0.05 | -0.01 | 0.11 | 0.10 | -0.02 | -0.02 |
| Cash Flow/Share | -0.25 | -0.13 | -0.16 | -0.19 | -0.39 | -0.17 | -0.10 | -0.07 | -0.04 | -0.06 | -0.17 | -0.13 | -0.08 |
| Dividends/Share | N/A | N/A | N/A | 0.00 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.00 |
| Shares Out. | 28.0M | 30.8M | 40.5M | 48.9M | 53.5M | 67.1M | 107.0M | 155.7M | 181.7M | 238.4M | 241.6M | 256.5M | 307.3M |
| Valuation | |||||||||||||
| P/E Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 55.0 | N/A | N/A | -28.2 |
| P/FCF | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| EV/EBIT | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 21.2 | N/A | N/A | N/A |
| Price/Book | 1.5 | 3.2 | 6.1 | N/A | N/A | N/A | N/A | N/A | N/A | 9.8 | 17.6 | N/A | N/A |
| Price/Sales | 1.6 | 1.0 | 2.7 | N/A | 3.4 | 1.6 | 0.9 | 2.2 | 15.7 | 6.2 | 9.1 | 2.4 | 4.1 |
| FCF Yield | -41.3% | -18.7% | -22.8% | N/A | -39.1% | -56.8% | -26.2% | -23.2% | -0.7% | -5.8% | -10.0% | -16.1% | -1.9% |
| Market Cap | 21M | 22M | 29M | 0 | 54M | 20M | 41M | 50M | 1.1B | 266M | 418M | 215M | 768M |
| Avg. Price | 2.16 | 0.77 | 1.27 | 0.00 | 1.26 | 0.89 | 0.28 | 0.37 | 4.08 | 3.64 | 2.62 | 1.36 | 2.50 |
| Year-End Price | 0.75 | 0.72 | 0.71 | 0.00 | 1.01 | 0.30 | 0.38 | 0.32 | 6.16 | 1.10 | 1.73 | 0.84 | 2.50 |
NETLIST INC passes 0 of 9 quality checks, indicating weak fundamentals.
The company's 5-year average gross margin is 2.0%.
NETLIST INC (NLST) reported earnings per share (EPS) of $-0.21 in its most recent fiscal year.
NETLIST INC (NLST) has a return on equity (ROE) of -608.3%. A negative ROE may indicate losses or negative equity.
NETLIST INC (NLST) has a 5-year average gross margin of 2.0%. This lower margin is typical of capital-intensive or commodity businesses.
The Ledger Terminal provides 13 years of financial data for NETLIST INC (NLST), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
NETLIST INC (NLST) has a book value per share of $-0.02, based on its most recent annual SEC filing.