Tuesday, August 02, 2022 8:15:09 AM
Net product sales for the second quarter ended July 2, 2022 were $55.4 million , compared to net product sales of $24.4 million for the second quarter ended July 3, 2021 and $50.2 million in the most recent quarter. Product gross profit for the second quarter ended July 2, 2022 was $4.7 million , compared to a product gross profit of $2.9 million for the second quarter ended July 3, 2021 and $3.4 million for the most recent quarter.
Total net sales for the second quarter ended July 2, 2022 was $55.4 million , compared to total net sales of $64.4 million for the second quarter ended July 3, 2021 . Net loss for the second quarter ended July 2, 2022 was ($5.0) million , or ( $0.02 ) per share, compared to a net income in the prior year period of $27.8 million , or $0.12 per diluted share. These results include stock-based compensation expense of $0.8 million and $0.4 million for the quarters ended July 2, 2022 and July 3, 2021 , respectively.
As of July 2, 2022 , cash, cash equivalents and restricted cash was $60.6 million , total assets were $99.6 million , working capital was $46.3 million , total debt was $8.2 million , and stockholders' equity was $47.9 million .
Conference Call Information
C.K. Hong , Chief Executive Officer, and Gail Sasaki , Chief Financial Officer, will host an investor conference call today, August 2, 2022 at 12:00 p.m. Eastern Time to review Netlist's results for the second quarter ended July 2, 2022 . The live webcast and archived replay of the call can be accessed for 90 days in the Investors section of Netlist's website at www.netlist.com.
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