CEO C.K. Hong said, “The results reflect the positive impact of ongoing cost management, which partially compensated for the short-term softness in revenue related to the global erosion in the pricing of server DRAM.
The memory products maker said its gross profit for the quarter ended March 30, 2019, was 5.5% of net sales, compared to 4.3% of net sales for the quarter ended March 31, 2018.
Last month, rival Rambus (NASDAQ: RMBS) reported a loss of 8 cents per share in the first quarter of 2019, even as analysts were
expecting earnings of 23 cents per share. Investors sent the stock down over
13% immediately following the disappointing earnings announcement.
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Netlist offers Hybri dual in-line memory module (DIMM), a
storage class memory product, which unifies dynamic random access memory (DRAM)
and NAND flash, delivering terabyte storage capacities operating at nanosecond
memory speeds.