Netlist (NLST) Reports Q4 Loss of $0.04/Share
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Netlist Reports Full Year And Fourth Quarter 2017 Results
March 27, 2018 4:30 PM EDTIRVINE, Calif., March 27, 2018 /PRNewswire/ --Â Netlist, Inc. (Nasdaq: NLST) today reported financial results for the fiscal year and fourth quarter ended December 30, 2017.
Revenues for the year ended December 30, 2017 were $38.3 million, compared to revenues of $19.7 million for the year ended December 31, 2016, an increase of 95%. Gross profit for the year ended December 30, 2017 was $2.5 million, or 6.4% of revenues, compared to a gross profit of $7.4 million, or 37.6% of revenues, for the year ended December 31, 2016. The year ended December 31, 2016 included $6.9 million in non-recurring engineering revenues related to our joint development arrangement with Samsung Electronics.
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