- Neonode (NASDAQ:NEON) fell 9% yesterday after posting nearly in-line Q4 results, and dropped 7.5% today. Going into earnings, shares had rallied 39% from a Jan. 20 close of $2.31.
- During its CC (transcript), the touchscreen tech developer guided for license revenue to rise Q/Q in Q1, and for 2015 cash operating expenses to total $16M (roughly flat Y/Y). CFO Lars Lindqvist insisted Neonode is "confident that we get to cash flow breakeven during 2015."
- The company stated it had reached a licensing deal with a PC OEM it originally announced a deal with in January, and says a monitor product is expected by mid-2015 (no word on volumes). It forecasts printer-related revenue will "keep growing in the next 12 to 24 months and beyond."
- Neonode ended Q4 with $6.1M in cash, flat Q/Q and down from $8.8M a year earlier. 2014 op. cash flow was -$11.8M.