Thu, Jun. 30, 3:00 PM
Wed, Jun. 8, 3:00 PM
Tue, May 10, 10:29 AM
- Neonode (NASDAQ:NEON) is off 2.7% in early going after Q1 earnings where revenues grew 37% but the company missed consensus on top and bottom lines and its license fee mix shifted more heavily to printers and automotive.
- Net loss narrowed to $1.4M, but not as far as analysts expected. Gross margin was $2.5M vs. a year-ago $1.9M.
- License fee revenue distribution per market: Printers, 51% (up from 34%); Automotive, 23% (up from 5%); E-readers, 26% (down from 61%).
- AirBar for PCs has started initial production and "we are on plan to ramp to mass-production over the coming months," says CEO Thomas Eriksson.
- Press Release
Mon, Mar. 7, 12:45 PM
Oct. 7, 2015, 12:45 PM
Oct. 7, 2015, 9:20 AM
- Neonode (NASDAQ:NEON) expects Q3 revenue of $2.9M-$3.1M, +156%-174% Y/Y but below a $3.5M 3-analyst consensus. License fee revenue is expected to total $2M-$2.1M, and non-recurring engineering revenue $0.9M-$1M.
- The company adds "an All-in-One PC containing Neonodes zForce [touchscreen] technology completed a preproduction build in Taiwan." It expects the PC will be the first of multiple large-screen devices containing its technology to be brought to market by an OEM.
- Meanwhile, Neonode has priced a 3.2M-share stock offering at $1.90, 28% below a Tuesday close of $2.63. Gross proceeds are expected to total $6.1M; chairman Per Bystedt, CEO Thomas Eriksson, and director Mats Dahlin are expected to collectively buy $300K worth of shares. Neonode had $3.2M in cash at the end of Q2, and no debt.
- Shares have tumbled to $2.25 premarket.
Sep. 1, 2015, 11:56 AM
- Neonode (NASDAQ:NEON) has signed "a multi-year, multi-device license agreement with a leading Japanese printer OEM." Epson and Canon are possibilities.
- The company notes the licensing deal follows a development agreement, and notes its zForce IP is being increasingly used by printer OEMs to create touch controls that replace physical buttons.
- Shares are back above $3. They fell as low as $2.21 during last month's market plunge.
Jun. 4, 2015, 12:48 PM| Jun. 4, 2015, 12:48 PM | 4 Comments
Jun. 4, 2015, 9:14 AM
Apr. 8, 2015, 3:12 PM
- With the Nasdaq up 0.7% and high-beta names performing especially well, only a handful of tech companies are posting outsized losses. A larger number are posting big gains.
- Notable gainers include Chinese auto sites Autohome (ATHM +6.3%) and Bitauto (BITA +6.7%), insurance software firm Ebix (EBIX +4.8%), Russian online payments leader Qiwi (QIWI +5%), touchscreen tech developer Neonode (NEON +7.8%), IT services firm WidePoint (WYY +4.9%), and online video ad-buying platform TubeMogul (TUBE +4.4%).
- Autohome and Bitauto have joined a long list of Chinese Internet stocks that have shot higher following an overnight rally in Hong Kong. Ebix is about $1.50 away from a 52-week high of $31.55. Qiwi is now up 9% on the week amid a broader rally in U.S.-traded Russian firms (aided by rising oil prices and a stronger ruble).
- Previously covered: Yahoo, Rambus, Qualys, Digital Ally, Silicon Motion, Energous
Mar. 24, 2015, 1:57 PM
- Neonode (NEON +14.3%) has skyrocketed over the last two days. Today's gains come on volume of 1.48M shares, over 3x a 3-month daily average of 462K.
- The gains have more than erased the touchscreen tech developer's steep post-earnings losses. They come a week after Neonode shared details about its deal with automotive safety system provider Autolive, and four days after director Mats Dahlin disclosed the purchase of 10K shares at $2.77, bringing his total stake to 193K. Dahlin made multiple purchases in 2014, as did various Neonode execs.
Mar. 24, 2015, 12:45 PM
Mar. 16, 2015, 2:43 PM
- Neonode (NASDAQ:NEON) states an agreement with automotive safety system maker Autoliv (mentioned in last week's Q4 report) will result in Autoliv making an initial $1.5M payment to Neonode, along with "an additional $1,500,000 in three staggered payments subject to and after achievement of project milestones during a 12 months period."
- The agreement covers the development of "a new Human Machine Interface sensing product for vehicle steering wheel applications," and the licensing of Neonode's zForce Drive active sensor steering wheel tech.
- Neonode has "agreed not to license its steering wheel technology zForce DRIVE to any other third party in the steering wheel market for a period of 24 months after Autoliv commences production."
- Shares are recovering a large chunk of last week's post-earnings losses.
Mar. 13, 2015, 6:56 PM
- 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.
Jan. 7, 2015, 12:54 PM
- Neonode (NASDAQ:NEON) has signed a new "technology development agreement" with an unnamed tied-one printer OEM The deal is related to the integration of Neonode's MultiSensing touchscreen tech within the OEM's printers.
- Neonode already has a deal with HP; last year, the IT giant launched a line of OfficePro inkjet printers featuring MultiSensing.
- Cowen's bullish Dec. 30 note was well-timed.
- Update: Neonode has also announced "a business award from a Global PC OEM to deliver touch modules for their next generation All-In-One PC."
Jan. 7, 2015, 12:45 PM
Neonode, Inc. develops and distributes optical touch technology for a wide range of devices. The company operates in a single segment which is the Touch Technology Licensing. It offers solutions for handheld, small to midsized industrial electronic devices. Its businesses activities are... More
Industry: Diversified Electronics
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