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Article: Netlist Reports Third Quarter, Nine-Month Results.(Financial report)
- Article from:
- Investment Weekly News
- Article date:
- November 21, 2009
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Netlist, Inc. (NASDAQ: NLST) reported financial results for the third quarter and nine months ended October 3, 2009. Revenues for the third quarter and nine months ended October 3, 2009, were $6.4 million and $11.8 million, respectively, compared to $28.9 million and $60.4 million for the third quarter and nine months ended September 27, 2008. Revenue for the 2009 third quarter doubled from the $3.2 million in this year's second quarter.
The year-over-year decline in revenues was driven by a reduction in demand from the Company's customer base mainly due to the commoditization of certain product offerings. In response to the current lower base of revenue, costs ...