Netlist Q2 revenue rises, swings to profit - NLST News | RalliesNetlist Q2 revenue rises, swings to profit
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NLST• Outlook
- Company did not provide specific guidance for the current quarter or full year in the press release
Overview
- US memory solutions firm's Q2 revenue rose 163% yr/yr
- Company swung to Q2 net income from a loss a year earlier
- Gross profit for Q2 surged 1,544% yr/yr
Result drivers
- AI memory technologies - Co said ongoing development of next-generation AI memory technologies contributed to results
- IP portfolio defense - Co said it continues to defend its intellectual property portfolio, per CEO C.K. Hong
Key details and analyst coverage
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| Metric | Beat/Miss | Actual | Consensus Estimate |
| Q2 Revenue | Beat | $109.85 mln | $90 mln (1 Analyst) |
| Q2 Net Income | Beat | $1.40 mln | -$1.20 mln (1 Analyst) |
| Q2 Operating Income | Beat | $1.34 mln | -$1.30 mln (1 Analyst) |
| Q2 Gross Profit | | $22.88 mln | |
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- The one available analyst rating on the shares is "buy"
- The average consensus recommendation for the computer hardware peer group is "buy"
- Wall Street's median 12-month price target for Netlist Inc is $5.00, about 104.5% above its July 29 closing price of $2.45
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