Netlist is a leading provider of high-performance modular memory subsystems to the world’s premier OEMs. Netlist specializes in hybrid memory – the merging of DRAM and NAND flash raw materials to create memory solutions. The Company’s patented memory technologies provide superior performance, and high density in a cost efficient solution. From database to enterprise applications, Netlist serves diverse industries that require superior memory performance to empower critical business decisions in today’s data-driven environment.

Company Growth (employees)
Type
Public
HQ
Irvine, US
Founded
2000
Size (employees)
87 (est)
Netlist was founded in 2000 and is headquartered in Irvine, US

Key People at Netlist

Chun Ki Hong

Chun Ki Hong

Co-Founder, CEO & Board of Directors
Christopher Lopes

Christopher Lopes

VP Worldwide Sales and Co-Founder
Jayesh Bhakta

Jayesh Bhakta

VP Chief Module Architect & Co-Founder
Hyun Lee

Hyun Lee

VP & CTO
Paik Ki Hong

Paik Ki Hong

VP Worldwide Operations
Harrison Jin

Harrison Jin

VP Technology Partnerships

Netlist Office Locations

Netlist has offices in Irvine and Suzhou
Irvine, US (HQ)
175 Technology Dr
Suzhou, CN
A1, EPZ B Zone No.288 Sheng Pu Road

Netlist Data and Metrics

Netlist Financial Metrics

Netlist's revenue was reported to be $9.4 m in Q1, 2017
USD

Revenue (Q1, 2017)

9.4 m

Gross profit (Q1, 2017)

680 k

Gross profit margin (Q1, 2017), %

7%

Net income (Q1, 2017)

(3.3 m)

EBIT (Q1, 2017)

(3.2 m)

Market capitalization (17-Aug-2017)

37.1 m

Cash (01-Apr-2017)

7.8 m
Netlist's current market capitalization is $37.1 m.
USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

23 m19.2 m8 m5.5 m

Revenue growth, %

(17%)(58%)(31%)

Cost of goods sold

19.9 m2.6 m1.6 m5.3 m

Gross profit

3.1 m16.6 m6.4 m275 k

Gross profit Margin, %

13%86%80%5%

R&D expense

1.3 m

General and administrative expense

2.2 m

Operating expense total

13 m17.8 m19.5 m4.4 m

EBIT

(9.8 m)(13.8 m)(17.4 m)(4.1 m)

EBIT margin, %

(43%)(72%)(217%)(75%)

Interest expense

932 k393 k648 k(150 k)

Income tax expense

9 k2 k4 k

Net Income

(10.8 m)(15.4 m)(20.5 m)(3.9 m)
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Revenue

4.9 m4.8 m2.1 m1.4 m1.6 m4.6 m6.9 m2.6 m9.4 m

Cost of goods sold

3.9 m3.7 m1.4 m1.3 m1.6 m1.1 m3.3 m2.6 m8.7 m

Gross profit

979 k1.1 m699 k105 k24 k3.5 m3.7 m9 k680 k

Gross profit Margin, %

20%23%33%7%1%75%53%0%7%

R&D expense

2.3 m3 m1.4 m1.5 m1.4 m1.6 m1.8 m1.5 m1.5 m

General and administrative expense

1.8 m1.8 m1.8 m1.7 m1.7 m2.3 m2.2 m2.4 m1.9 m

Operating expense total

4.1 m4.8 m3.1 m3.3 m3.2 m3.9 m4 m3.9 m3.4 m

EBIT

(3.1 m)(3.7 m)(6 m)(5.4 m)(4 m)(1.3 m)(1.4 m)(4.3 m)(3.2 m)

EBIT margin, %

(64%)(77%)(283%)(379%)(249%)(28%)(20%)(165%)(34%)

Interest expense

(393 k)(393 k)(480 k)(489 k)(447 k)(137 k)(132 k)(159 k)(148 k)

Pre tax profit

(3.5 m)(4.1 m)

Income tax expense

2 k1 k2 k1 k1 k1 k1 k1 k

Net Income

(3.5 m)(4.1 m)(6.5 m)(4.4 m)(5.4 m)(1.4 m)(1.5 m)(4.4 m)(3.3 m)
USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

6.7 m11 m19.7 m9.5 m

Accounts Receivable

263.9 m

Inventories

2.6 m1.9 m1.7 m3.2 m

Current Assets

16.1 m15.7 m24.2 m19.3 m

PP&E

1.1 m393 k408 k645 k

Total Assets

17.7 m16.2 m24.7 m20 m

Accounts Payable

3.8 m4 m3.3 m4 m

Current Liabilities

5.5 m7.8 m12.3 m6.2 m

Total Liabilities

20.5 m

Additional Paid-in Capital

104.5 m117.5 m132 m144 m

Retained Earnings

(97.5 m)(112.9 m)(133.4 m)(144.6 m)

Total Equity

7 m4.7 m(529 k)

Financial Leverage

2.5 x3.4 x-37.7 x
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Cash

16.2 m14.1 m19.6 m16.5 m12.6 m14.9 m10.8 m15.4 m7.8 m

Accounts Receivable

3 m3.1 m

Inventories

2.5 m2.4 m1.8 m1.9 m1.8 m1.6 m2 m3 m4.5 m

Current Assets

23.4 m21.4 m25.1 m21.6 m16.3 m19.3 m16.2 m22.4 m19.1 m

PP&E

678 k516 k284 k196 k218 k493 k735 k694 k602 k

Total Assets

24.4 m22.1 m25.5 m21.9 m16.6 m19.9 m17 m23.2 m19.8 m

Accounts Payable

3.4 m4.5 m4.8 m6.2 m6.9 m3.2 m4.3 m4.2 m6.3 m

Current Liabilities

6 m7.8 m10.9 m12.1 m16.2 m8.4 m6.5 m6.1 m8.9 m

Additional Paid-in Capital

116.6 m117.1 m128.6 m129 m129.4 m132.5 m132.8 m143.6 m144.4 m

Retained Earnings

(103 m)(107.1 m)(119.3 m)(123.7 m)(129.1 m)(134.8 m)(136.3 m)(140.7 m)(148 m)

Total Equity

13.6 m10.1 m9.3 m5.4 m380 k(2.2 m)(3.4 m)3 m(3.5 m)

Financial Leverage

1.8 x2.2 x2.7 x4.1 x43.7 x-8.9 x-4.9 x7.8 x-5.6 x
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

(10.8 m)(4.3 m)(3.9 m)

Inventories

3.2 m

Accounts Payable

4 m

Cash From Operating Activities

(1.1 m)4.3 m8.6 m
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Net Income

(3.5 m)(4.1 m)(6.5 m)(4.4 m)(5.4 m)(1.4 m)(1.5 m)(4.4 m)(3.3 m)

Depreciation and Amortization

148 k

Accounts Receivable

3 m3.1 m214 k

Inventories

2.5 m2.4 m59 k3 m4.5 m

Accounts Payable

3.4 m4.5 m889 k4.2 m6.3 m

Cash From Operating Activities

(5.1 m)

Purchases of PP&E

(40 k)

Cash From Investing Activities

(38 k)

Cash From Financing Activities

13.6 m
Y, 2017

Financial Leverage

-5.6 x

Netlist Market Value History

Traffic Overview of Netlist

Netlist Online and Social Media Presence

Netlist Company Life and Culture

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