Filing Flows › Netlist (NLST) › Q4 2024
Netlist (NLST) Q4 2024 earnings results (fourth quarter 2024)
10-K filed Mar 28, 2025
Netlist (NLST) reported revenue of $34.3M for the fourth quarter 2024 (Q4 2024), +3% from a year earlier and -15% from the quarter before. Operating margin was -38.3%, net loss $12.7M (37.1% of revenue).
Netlist, Q4 2024: revenue $34.3M (+2% year over year), operating margin -38.3%, net loss $12.7M, operating cash flow −$9.1M. The chart follows the revenue to costs, profit and cash.
| Q4 2024 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $34.3M | -15% | +3% |
| Operating profit | −$13.1M | — | — |
| Net earnings | −$12.7M | — | — |
| Operating cash flow | −$9.1M | — | — |
What changed
Revenue was $34.3M in Q4 2024, up 3% year over year and down 15% from the previous quarter. Resales of third-party products was the largest line at 95% of revenue.
Gross margin was 0.7%, down 2.7 points from a year earlier. Operating costs exceeded revenue by $13.1M, an operating margin of -38.3%. Operating expenses fell 10% while revenue rose 3%. The quarter ended with a net loss of $12.7M, wider than the previous quarter's $9.4M loss.
Operating cash flow was −$9.1M. Non-cash charges added back $108K of depreciation and amortization and $804K of share-based compensation. Working capital and other items added $2.7M. Capital expenditures of $7K exceeded it, leaving free cash flow of −$9.1M.
Questions
What was Netlist's revenue in the fourth quarter 2024?
Netlist (NLST) reported revenue of $34.3M for the fourth quarter 2024 (Q4 2024), +3% from a year earlier and -15% from the quarter before.
Was Netlist profitable in the fourth quarter 2024?
Operating loss was $13.1M (-38.3% of revenue) and net loss $12.7M.
Source: Netlist 10-K on SEC EDGAR.