Netlist was founded in 2000 and is headquartered in Irvine, US

Co-Founder, CEO & Board of Directors

VP Worldwide Sales and Co-Founder

VP Chief Module Architect & Co-Founder

VP & CTO

VP Worldwide Operations

VP Technology Partnerships

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'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.

USD | FY, 2013^{} | FY, 2014^{} | FY, 2015^{} | FY, 2016^{} |
---|---|---|---|---|

## Revenue | 23 m | 19.2 m | 8 m | 5.5 m |

## Revenue growth, % | (17%) | (58%) | (31%) | |

## Cost of goods sold | 19.9 m | 2.6 m | 1.6 m | 5.3 m |

## Gross profit | 3.1 m | 16.6 m | 6.4 m | 275 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 m | 17.8 m | 19.5 m | 4.4 m |

## EBIT | (9.8 m) | (13.8 m) | (17.4 m) | (4.1 m) |

## EBIT margin, % | (43%) | (72%) | (217%) | (75%) |

## Interest expense | 932 k | 393 k | 648 k | (150 k) |

## Income tax expense | 9 k | 2 k | 4 k | |

## Net Income | (10.8 m) | (15.4 m) | (20.5 m) | (3.9 m) |

USD | Q2, 2014^{} | Q3, 2014^{} | Q1, 2015^{} | Q2, 2015^{} | Q3, 2015^{} | Q1, 2016^{} | Q2, 2016^{} | Q3, 2016^{} | Q1, 2017^{} |
---|---|---|---|---|---|---|---|---|---|

## Revenue | 4.9 m | 4.8 m | 2.1 m | 1.4 m | 1.6 m | 4.6 m | 6.9 m | 2.6 m | 9.4 m |

## Cost of goods sold | 3.9 m | 3.7 m | 1.4 m | 1.3 m | 1.6 m | 1.1 m | 3.3 m | 2.6 m | 8.7 m |

## Gross profit | 979 k | 1.1 m | 699 k | 105 k | 24 k | 3.5 m | 3.7 m | 9 k | 680 k |

## Gross profit Margin, % | 20% | 23% | 33% | 7% | 1% | 75% | 53% | 0% | 7% |

## R&D expense | 2.3 m | 3 m | 1.4 m | 1.5 m | 1.4 m | 1.6 m | 1.8 m | 1.5 m | 1.5 m |

## General and administrative expense | 1.8 m | 1.8 m | 1.8 m | 1.7 m | 1.7 m | 2.3 m | 2.2 m | 2.4 m | 1.9 m |

## Operating expense total | 4.1 m | 4.8 m | 3.1 m | 3.3 m | 3.2 m | 3.9 m | 4 m | 3.9 m | 3.4 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 k | 1 k | 2 k | 1 k | 1 k | 1 k | 1 k | 1 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) |

USD | FY, 2013^{} | FY, 2014^{} | FY, 2015^{} | FY, 2016^{} |
---|---|---|---|---|

## Cash | 6.7 m | 11 m | 19.7 m | 9.5 m |

## Accounts Receivable | 263.9 m | |||

## Inventories | 2.6 m | 1.9 m | 1.7 m | 3.2 m |

## Current Assets | 16.1 m | 15.7 m | 24.2 m | 19.3 m |

## PP&E | 1.1 m | 393 k | 408 k | 645 k |

## Total Assets | 17.7 m | 16.2 m | 24.7 m | 20 m |

## Accounts Payable | 3.8 m | 4 m | 3.3 m | 4 m |

## Current Liabilities | 5.5 m | 7.8 m | 12.3 m | 6.2 m |

## Total Liabilities | 20.5 m | |||

## Additional Paid-in Capital | 104.5 m | 117.5 m | 132 m | 144 m |

## Retained Earnings | (97.5 m) | (112.9 m) | (133.4 m) | (144.6 m) |

## Total Equity | 7 m | 4.7 m | (529 k) | |

## Financial Leverage | 2.5 x | 3.4 x | -37.7 x |

USD | Q2, 2014^{} | Q3, 2014^{} | Q1, 2015^{} | Q2, 2015^{} | Q3, 2015^{} | Q1, 2016^{} | Q2, 2016^{} | Q3, 2016^{} | Q1, 2017^{} |
---|---|---|---|---|---|---|---|---|---|

## Cash | 16.2 m | 14.1 m | 19.6 m | 16.5 m | 12.6 m | 14.9 m | 10.8 m | 15.4 m | 7.8 m |

## Accounts Receivable | 3 m | 3.1 m | |||||||

## Inventories | 2.5 m | 2.4 m | 1.8 m | 1.9 m | 1.8 m | 1.6 m | 2 m | 3 m | 4.5 m |

## Current Assets | 23.4 m | 21.4 m | 25.1 m | 21.6 m | 16.3 m | 19.3 m | 16.2 m | 22.4 m | 19.1 m |

## PP&E | 678 k | 516 k | 284 k | 196 k | 218 k | 493 k | 735 k | 694 k | 602 k |

## Total Assets | 24.4 m | 22.1 m | 25.5 m | 21.9 m | 16.6 m | 19.9 m | 17 m | 23.2 m | 19.8 m |

## Accounts Payable | 3.4 m | 4.5 m | 4.8 m | 6.2 m | 6.9 m | 3.2 m | 4.3 m | 4.2 m | 6.3 m |

## Current Liabilities | 6 m | 7.8 m | 10.9 m | 12.1 m | 16.2 m | 8.4 m | 6.5 m | 6.1 m | 8.9 m |

## Additional Paid-in Capital | 116.6 m | 117.1 m | 128.6 m | 129 m | 129.4 m | 132.5 m | 132.8 m | 143.6 m | 144.4 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 m | 10.1 m | 9.3 m | 5.4 m | 380 k | (2.2 m) | (3.4 m) | 3 m | (3.5 m) |

## Financial Leverage | 1.8 x | 2.2 x | 2.7 x | 4.1 x | 43.7 x | -8.9 x | -4.9 x | 7.8 x | -5.6 x |

USD | FY, 2013^{} | FY, 2014^{} | FY, 2015^{} | FY, 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 m | 8.6 m |

USD | Q2, 2014^{} | Q3, 2014^{} | Q1, 2015^{} | Q2, 2015^{} | Q3, 2015^{} | Q1, 2016^{} | Q2, 2016^{} | Q3, 2016^{} | Q1, 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 m | 3.1 m | 214 k | ||||||

## Inventories | 2.5 m | 2.4 m | 59 k | 3 m | 4.5 m | ||||

## Accounts Payable | 3.4 m | 4.5 m | 889 k | 4.2 m | 6.3 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 |