The Netlist Inc (OTCMKTS:NLST) stock has been one of the biggest gainers this year so far despite the bit of a rollercoaster rise that it experienced in recent days. Last week the stock had declined by as much as 35% over the course of the week leading up to Monday but yesterday the Netlist stock managed to make a recover and jumped by 13%.
It should be noted that the stock is up by a staggering 865% over the course of the year so far. Despite the recovery in the stock yesterday, it should be noted that there was no news about Netlist that might have triggered it.
The last major news with regards to Netlist emerged earlier on this month when the company announced its financial results for the second fiscal quarter that ended on July 3, 2021. The company managed to generate revenues of as much as $64.4 million for the quarter. Out of that, $40 million was in the form of licensing fees and the rest was from product revenues, both of which clocked sequential rise of 123% and 64% respectively.
On the other hand, the net income for the quarter stood at $27.8 million, which was again a significant turnaround from the $1.8 million in net loss in the prior year quarter.