Netlist Inc. (NASDAQ: NLST) shares dropped nearly 4% to trade at $2.51 in today’s mid-day trading.
Earlier this week the company reported its fourth-quarter results, posting a 51% increase in its revenue for the quarter. Gross profit was 32.6% of the revenue. Quarterly revenue was $10.1 million, up from $6.7 million in revenue it had earned a year earlier. The company�s gross profit for the quarter stood at $3.3 million, up from $1.7 million in gross profit it had earned a year ago.
Netlist reported its net loss for the quarter at $(3.2 million), or $(0.13) per share, down from $(0.15) per share in loss it had incurred during the fourth quarter of the last year. These figures include stock based compensation expenses.
Net loss for the year stood at $(15.1 million) or $(0.64) per share. The company�s annual revenue has been reported at $37.9 million, in comparison to $18.5 million in revenue it had earned a year ago. Netlist reported its gross profit for the fiscal year at $9.9 million.
Netlist is a designing and manufacturing company and is involved in the business of manufacturing high performance, logic based memory subsystems. Such subsystems are used for datacenter server and high-performance communication and computing markets. The company is operational in the U.S. and People�s Republic of China. The company�s memory subsystems include combinations of RAM integrated circuits and flash memory modules and cards.
Netlist reported its total current assets at $21.25 million for the year ended Jan. 2, 2010. Its total assets were worth $27.191 million for the same time period. Netlist had valued its total liabilities at $7.922 million. The company had reported its revenue at $18.479 million and its gross profit for the year at $2.957 million. Netlist�s net income for the year stood at ($12.913) million.
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