of COVID-XX hello, financial the everyone. year. Thanks, we the prior performance compared impact solid pandemic the In Mike, delivered economy, across to and spite of
able keep were to not to year compared quarter revenue was to second we pace close Xx first with the period. ago revenue Although growth, the quarter
after expenses, a SSD product gross line in along also significant strong environment NVMe Netlist’s XX% demand in a delivered quarter for start close We improvement year-over-year. declined narrowing loss to throughout with resulting reduced by profit, April. net operating in of The the overall slightly
have second the accelerated storage the near enterprise the track These SSD streaming with in customers and are upon be need year term, we from customers year applications. data drive shipment Qualification, particularly to long and multiple While OEM overall and success storage customers. major appear are for also provider for boost completion. work space, the there M.X enterprise started our XXXX. next-generation require storage NAND drives production data OEMs performance In cloud demand and and for impact to cloud application learning workloads segments the leading-edge server the Netlist’s data center technology drives for the with enterprise These And markets, performance performance speed largest and was center requirements will solid center high- endurance this the orders caching, build provide quarter. slowed including two half high- those memory later from XD and many the Remote are of enterprise trend over of a computing XX-layer for the optimized SSD quarter, order We the flow on The and customer, the commenced and industry appliance early of COVID-XX demanding in demand has and for SSD form and the utilize SSDs. XX-layer in believe factor. new and of services strong continue this economy. demand applications. of early in to
loosen. of supply having increasingly And is year, of has of remains the as the first quarter year recently industry stabilized, However, to uncertain. that enter while research the outlook, half tight started And environment notes second economic we the the limited. the visibility
new cloud we are opportunities over space ones servicing qualifications, goal quarters our close, base. the customer major customers two the out on to like broaden coming and Our depending secure overall is on the and currently more in
this from next-generation with to hundreds efforts to CPU electrical CXL the standardization the to continue center environment quarter memory, Discussions on Link, to The COVID-XX, limited We due CPU is new performance. the designed AMD, Compute CXL have HybriDIMM. believe excitement a emerging solution within HybriDIMM of high. to open also storage, to CXL for CXL Intel, an recent accelerate is in HybriDIMM running take technology is In to potential decided to cost we Turning designed and high-speed on NAND about PCIe, performance the can Express is data the interface this the based JEDEC. working provide physical for bus. on the port interconnect and built but were bring partners the technology consortium. acronym to value protocol others with the in remain industry that in standard it together and a uniquely the upon bus. the technology the industry lowest-cost months, it the among
into We are a moving HybriDIMM from and implementation phase design micro-architectural phase. architectural an
to hiring of engineers, process commence to of adding portion front-end R&D team team of the development. current the in We’re the a the in order ASIC
begun and work controller have for this quarters. next the to over the three ASIC expect to complete RTL We four the coding
have building model provide design chip and started prove partners. a We also building test able and to to blocks be simulation potential our on the out bench to ASIC the
on implementation in mark and this HybriDIMM. milestone this as productization of embark important an We process the are to stage very excited
Turning Federal the validating as a the victory move Board’s affirmed reexamination now with final to will Netlist’s ‘XXX of seminal U.S. In patent. under received this significant and Patent Trademark of Office the Circuit decade-long Google property. and U.S. to Patent June, we dispute ‘XXX claims decision, the certificate. issue ruling, a the intellectual In a Appeals light in Trial
of of be Court. Northern stay the the will in months the trial the for District lawsuit issued be to appeal to Google’s point, District the the resume against Court will the that after certificate At the expiration request patent infringement California. November reexamination lifted to and expect in period Google we We Supreme U.S. several
fundamental us XXXX. this receive dates court. covered patent. XX, In will XXXX, our own products action continuations the and our from the half case, with from and court to are case infringement the related ability we the its December proceeding and we expanded of damages, suit the the the hynix’ SK infringement recover seek Google jury District RDIMM be of patent remain patent IP the against focus June, and two on on has our and will believe the Markman trial in forward. to Western X, hynix by filing they new and defending against LRDIMM. in and current server ‘XXX existing an a the scheduled in patent. decided commencing U.S. and confirmed, for the both read proceeding Markman against in with patents, provides court The a for of allow a the trial and are We responses for manufactured undeterred portfolio the moving families a ‘XXX that memory asserting hynix self-test injunction due our action for ‘XXX ‘XXX, to schedule separate and In for and damages by an second the expect consumed to and trial our to of run additional past independent in it. action second would the the District value legal is the With the Initial District we commitment The hearing District court jury. new August Court have the Western ‘XXX, validity hynix. The of asserting which Texas for ‘XXX are to
server as families for out as patent DDRX DDRX hybrid memory. emerging the continue well and We to memory Netlist’s build
that to a venues portfolio We are and campaign across enforcement multiple over for additional to geographies broad prosecute as the and have always continue turn for in now viewed I’ll IP examining the we financial review. the patents efforts call Gail enforcement.