Record Revenue Growth
Netlist's revenue more than doubled to $147 million in 2024, reflecting a 113% increase compared to the previous year, driven by recovery in the memory market.
Legal Victories Against Samsung
Netlist secured a second unanimous jury verdict confirming Samsung's breach of the joint development and license agreement, resulting in a total of $421 million in damages awarded across multiple cases.
Introduction of New Products
Netlist introduced the Lightning brand of ultra-low latency memory solutions and MRDIMM products, expected to grow significantly in the AI memory market.
Strong Financial Position
Netlist ended 2024 with cash and cash equivalents of $34.6 million and minimal debt, bolstered by a $15 million direct offering and a $10 million working capital line of credit.
Advancements in IP and Legal Team
Netlist increased its patent portfolio by over 10% in 2024 and enhanced its legal team with experienced IP experts.