Netlist Inc (NLST) Financial Statements (2024 and earlier)

Company Profile

Business Address 111 ACADEMY, SUITE 100
IRVINE, CA 92617
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 3674 - Semiconductors and Related Devices (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments25,01147,67913,3268,96614,8026,720
Cash and cash equivalents25,01147,67913,3268,96614,8026,720
Restricted cash and investments      2,800
Receivables8,24212,7274,6803,6722,9172,997
Inventory, net of allowances, customer advances and progress billings10,68615,6703,1983,4962,9464,105
Inventory10,68615,6703,1983,4962,9464,105
Other current assets    1,3201,320 
Other undisclosed current assets19,90811,9263,7142,0571,207303
Total current assets:63,84788,00224,91819,51123,19216,925
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization    
Operating lease, right-of-use asset2,0431,891114968
Property, plant and equipment1,138989182286279459
Other noncurrent assets   5856741,406
Other undisclosed noncurrent assets295294 1,3201,320 
Total noncurrent assets:3,4763,1743542,6301,6731,865
TOTAL ASSETS:67,32391,17625,27222,14124,86518,790
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities32,69127,8276,91010,66710,4447,265
Employee-related liabilities1,5881,308806740604807
Accounts payable28,46825,8875,3279,1349,4976,120
Accrued liabilities2,635632777793343338
Debt4,9357,00020,7343,4023762,024
Other undisclosed current liabilities447562  2,293 
Total current liabilities:38,07335,38927,64414,06913,1139,289
Noncurrent Liabilities
Long-term debt and lease obligation  1,59314649817,34614,766
Long-term debt, excluding current maturities   146 17,34614,766
Liabilities, other than long-term debt2,0141521021447861
Accounts payable and accrued liabilities     7861
Other liabilities270152102144  
Operating lease, liability1,7441,593 498
Other undisclosed noncurrent liabilities    15,793  
Total noncurrent liabilities:2,0141,74524816,43517,42414,827
Total liabilities:40,08737,13427,89230,50430,53724,116
Equity
Equity, attributable to parent27,23654,042(2,620)(8,363)(5,672)(5,326)
Common stock23323119516913980
Additional paid in capital250,428243,866192,071179,086169,355152,640
Accumulated deficit(223,425)(190,055)(194,886)(187,618)(175,166)(158,046)
Total equity:27,23654,042(2,620)(8,363)(5,672)(5,326)
TOTAL LIABILITIES AND EQUITY:67,32391,17625,27222,14124,86518,790

Income Statement (P&L) ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues161,637142,35547,23426,10333,52938,322
Revenue, net38,322
Cost of revenue
(Cost of Goods and Services Sold)
(149,745)(93,458)(40,503)(23,533)(31,228)(35,866)
Gross profit:11,89248,8976,7312,5702,3012,456
Operating expenses(45,392)(37,514)(13,568)(14,060)(18,673)(15,310)
Operating income (loss):(33,500)11,383(6,837)(11,490)(16,372)(12,854)
Nonoperating income (expense)13175(430)(949)(750)(560)
Other nonoperating income (expense)74643101(4)(11)4
Interest and debt expense (11)643(4)(3) (581)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes  43 581
Income (loss) from continuing operations before equity method investments, income taxes:(33,380)12,101(7,267)(12,439)(17,122)(13,414)
Other undisclosed income (loss) from continuing operations before income taxes11(643)    
Income (loss) from continuing operations before income taxes:(33,369)11,458(7,267)(12,439)(17,122)(13,414)
Income tax expense (benefit)(1)(6,627)(1)(13)2(6)
Income (loss) from continuing operations:(33,370)4,831(7,268)(12,452)(17,120)(13,420)
Income (loss) before gain (loss) on sale of properties:4,831(7,268)(12,452)(17,120)(13,420)
Net income (loss) available to common stockholders, basic:(33,370)4,831(7,268)(12,452)(17,120)(13,420)
Dilutive securities, effect on basic earnings per share  7,418    
Net income (loss) available to common stockholders, diluted:(33,370)12,249(7,268)(12,452)(17,120)(13,420)

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):(33,370)4,831(7,268)(12,452)(17,120)(13,420)
Comprehensive income (loss), net of tax, attributable to parent:(33,370)4,831(7,268)(12,452)(17,120)(13,420)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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