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Neonode Inc   (NEON)
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Price: $1.4200 $-0.08 -5.333%
Day's High: $1.48 Week Perf: -13.57 %
Day's Low: $ 1.40 30 Day Perf: -16.96 %
Volume (M): 49 52 Wk High: $ 8.97
Volume (M$): $ 69 52 Wk Avg: $3.85
Open: $1.48 52 Wk Low: $1.02



 Market Capitalization (Millions $) 22
 Shares Outstanding (Millions) 16
 Employees 60
 Revenues (TTM) (Millions $) 5
 Net Income (TTM) (Millions $) -5
 Cash Flow (TTM) (Millions $) 7
 Capital Exp. (TTM) (Millions $) 0

Neonode Inc

Neonode Inc. develops and licenses user interfaces and optical interactive touch solutions. Our patented technology offers multiple features including the ability to sense an object’s size, depth, velocity, pressure, and proximity to any type of surface. We license our multi-touch technology to Original Equipment Manufacturers (“OEMs”) and Original Design Manufacturers (“ODMs”) who incorporate it into devices that they develop, manufacture and sell.

Neonode Inc., formerly known as SBE, Inc., was incorporated in the State of Delaware on September 4, 1997. As a result of the merger, the business and operations of Neonode AB became the primary business and operations of Neonode Inc. Our principal executive office is located in Stockholm, Sweden. Our office in the United States is located in San Jose, California.


We develop and license user interface and touch technology. We also are developing, and intend to manufacture and sell, hardware solutions incorporating our interface and touch technology.

We offer a patented family of optical touch solutions under the zForce and MultiSensing brands . Our optical touch technology is capable of projecting a full plane of light beams in free air or over any flat touch surface. Our technology can also send light into a fluid or a glass to achieve a flush design without a bezel. An object touching the touch surface obstructs a portion of the projected light beams. This small variance of signal is detected with sensitive light sensors connected to our touch controllers that process the analog signals and produce touch object coordinates.

Automotive

Touch interface displays are becoming standard equipment in vehicles. Display sizes are increasing and curved displays are appearing on the market. Our touch technology is able to support size and shape in a cost-effective manner. We develop our touch technology to meet stringent operating requirements for automotive environments, including electrical, temperature, moisture and vibration standards. Unlike competing technologies such as resistive and projected capacitive, our optical touch solutions does not require an additional layer to be placed in front of the screen which otherwise would reduce the readability of the screen and causes glare and reflections. We believe our technology delivers the highest performance and the highest reliability in the market.

In 2015, our ten automotive OEM customers had a total of twenty automobile models in the market. The majority of these are in China and include SUVs (Boojun 560 and Haval H6 ) and the two top-selling sedans (Chevrolet Cruize and Buick Excelle). In the fourth quarter of 2014, Volvo launched their new XC90 incorporating a 9.7 inch display using our touch technology. In the fourth quarter of 2014, the new MG GT was launched also using our technology.

We believe that our optical touch solutions are positioned to make further inroads in the global automotive market by providing brighter, more readable displays, with a full operating temperature range that are easily usable while wearing gloves. The Volvo XC90 and S90 infotainment systems have received awards citing properties such as responsiveness and gloved operation. These properties are based upon our zForce touch technology.

In addition to infotainment displays, our zForce AIR technology is adaptable to other automobile components:

our zForce DRIVE technology enables high fidelity detection of hands and fingers positions on the steering wheel. This helps create a safer and more natural interaction with the automobile’s systems and the driver’s smart phone to decrease driver distraction.

In 2015, we entered into an agreement with Autoliv Development AB, a leading supplier of safety products for the automotive industry, to explore and industrialize our zForce technology for the steering wheel.


our zForce AIR technology is being deployed in door handles and other exterior parts of the automobile to enable keyless entry and automation of door functions. We estimate that the first systems will be available in early 2017.

We currently are engaged with several global automotive OEMs and their tier one suppliers developing automotive Human Machine Interface (“HMI”) infotainment and entry systems. These projects typically have long development cycles that can take as long as four to five years before any meaningful production and license fee generation will occur.


Printers and Office Equipment

Photo printers and printers combining printer/scanner/fax functions typically require feature-rich menus and settings to deliver the best user experience, and printer OEMs are increasingly replacing mechanical buttons with interactive displays. We have signed agreements with five of the leading global printers and office equipment OEMs including Hewlett Packard (“HP”) and Samsung. HP started shipping the first consumer printer with our touch technology integrated in early 2014 and today the majority of their printer models with interactive displays are using our technology.

E-Readers and Tablets

Our touch technology is widely used in e-readers and tablets. Since 2011, over 23 million e-reader and tablet units have been shipped containing our touch technology by customers such as Amazon, Kobo, Deutsche Telekom, Barnes & Noble and Sony. Sony is currently shipping a 13.3 inch writing tablet named “Digital Paper” that integrates our technology. Customers such as LeapFrog Enterprises and LG are shipping tablets with our technology.

Computers and Monitors

Our touch technology is suitable for laptops, all-in-one computers and stand-alone monitors. Our technology provides for a state of the art modern looking industrial design with no bezels and a flush edge to edge design optimized for the new generation of LCD panels with only a few millimeters of black frame. Because it does not require any expensive and brittle glass in front of the LCD to carry the touch sensors, our touch solution can result in more reduction in the cost to implement touch functionality, and in a glare free product with less weight and more usage time on the same battery.



   Company Address: Karlavägen 100 Stockholm 115
   Company Phone Number: 70 29 58 519   Stock Exchange / Ticker: NASDAQ NEON
   NEON is expected to report next financial results on March 08, 2024.


   

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Neonode Inc

Revamping Strategies to Overcome Sales Slump: Neonode Inc Faces Challenges in Recent Financial Update2.

Interpreting the recent financial results of Neonode Inc, it is evident that the company is facing some challenges. The deficit has swelled to $-0.08 per share, compared to $-0.06 a year prior. However, there is a silver lining as the EPS has improved from $-0.10 per share from the prior quarter.
One of the major concerns for Neonode Inc is the decline in revenue. It has declined considerably by -17.516% to $1.00 million from $1.22 million in the similar quarter a year ago. Sequentially, the revenue fell by -16.417% from $1.20 million. This decline in revenue is not a positive sign for the company and indicates that they need to find strategies to boost sales.

Neonode Inc

Neonode Inc Reports Declining Revenue of -5.288% in Second Quarter of 2023, Signaling Concerns for Future Growth

Neonode Inc, a company in the Electronic Instruments & Controls industry, recently released their financial results for the most recent fiscal period. Unfortunately, the company recorded a loss of $0.10 per share, slightly better than the $0.11 loss per share recorded a year ago, but worse than the $0.09 loss per share in the previous quarter. This signifies a continuing trend of declining profitability for Neonode Inc.
The company also experienced a decline in revenue, with a decrease of 5.288% to $1.20 million compared to $1.27 million in the same quarter last year. Sequentially, revenue decreased by 4.23% from $1.25 million. This decline in revenue indicates a lack of strong demand for Neonode Inc's products, which may hinder future growth and profitability.

Neonode Inc

Neonode Inc. Remains Resilient Despite Insignificant Top-line Decline throughout January to March 31, 2023

Neonode Inc. is a Swedish-based technology company that specializes in the development of contactless sensing solutions. Since its incorporation in 2001, the company has remained at the forefront of innovation by leveraging its expertise in optical sensing technology. The company boasts a wide range of contactless sensing solutions that are designed to improve the user experience across various applications.
Despite experiencing a drop in revenue, the company's management has continued to remain optimistic about the future. The fiscal first quarter of 2023 saw the company post a loss of $-0.09 per share compared to $-0.10 the previous year. However, this was an improvement from the $-0.07 per share posted in the previous reporting period.






 

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