Netlist, Inc. is a Delaware-registered corporation headquartered in Irvine, California that designs and sells high-performance SSDs and modular memory subsystems to enterprise customers in diverse industries. It also manufactures a line of specialty and legacy memory products to storage customers, appliance customers, system builders and cloud and datacenter customers.[5] Netlist holds a portfolio of patents in the areas of server memory, hybrid memory, storage class memory, rank multiplication and load reduction.[6] Netlist has more than 120 employees and an annual revenue of US$142.4 million as of 2021[4] The stock was added to NASDAQ in late 2006.[7] In the initial public offering of its common stock in 2006, Netlist sold 6,250,000 shares at $7.00 each.[8] On September 26, 2018, Netlist announced they were moving from NASDAQ and currently trades on the OTCQB.[9]