Neonode

Neonode, Inc. engages in the provision of advanced optical sensing solutions for contactless touch, touch, and gesture sensing. It offers software solutions for scene analysis that feature advanced machine learning algorithms to detect and track persons and objects in video streams for cameras and other types of imagers. It operates through the following geographical segments: United States, Japan, South Korea, China, Germany, Switzerland, and Other. The company was founded by Thomas Eriksson Bjorn on September 4, 1997 and is headquartered in Stockholm, Sweden.

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Neonode reports Q4 revenue decline but eyes significant 2023 growth

Neonode's Q4 2022 performance reflects mixed results with revenue declines but operational improvements and strategic investments for future growth.
The company's financial stability, confidence in growth prospects, and resilience in the face of challenges signal a promising trajectory.
With a focus on innovation, market expansion, and cost efficiency, Neonode aims to capitalize on opportunities and overcome obstacles to drive sustainable growth.

Neonode reports stable Q1 revenues, eyes growth through strategic partnerships

Neonode's Q1 2023 showcased stable licensing revenues, challenges with slow product sales, and a strategic focus on human-machine interaction and key partnerships.
Despite a decline in total revenues, the company's emphasis on continuous effort and collaborations in the automotive industry positions it for potential growth opportunities.
Balancing cost management with growth initiatives and addressing inventory-related challenges will be crucial for Neonode to improve revenue performance and operational efficiency.

Neonode reports stable Q2 revenues, focuses on growth strategies

Neonode's Q2 2023 showed stable licensing revenues but a decline in total revenues due to weak product sales. Despite facing challenges, the company is leveraging its strengths in the head-up display market and key focus areas to pursue growth opportunities.

Neonode reports Q3 revenue decline, eyes automotive growth opportunities

Neonode's Q3 2023 showed mixed results with declining licensing revenues but improved product sales, highlighting the need for diversification.
While facing challenges in revenue streams and cost management, the company remains optimistic about growth prospects in automotive and tech sectors.
Strategic focus on interactive technologies and proactive engagement in industry events position Neonode for future success and partnerships.

Neonode shifts focus to technology licensing after tough 2023

Neonode navigated a challenging year by refocusing on technology licensing, aiming to double turnover and achieve high margins.
Despite facing sales revenue setbacks, the company's strategic shift and significant design win in automotive signal growth opportunities.
Management's optimism and alignment with shareholders bode well for executing the new strategy and capitalizing on market opportunities.
Neonode's emphasis on simplifying operations and targeting key sectors position it for future success and innovation in technology licensing.

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STOCKHOLM , Nov. 6, 2024 /PRNewswire/ -- Neonode Inc. (NASDAQ: NEON) ("Neonode" or the "Company") today reported financial results for the three and nine months ended September 30, 2024. The financial results relate to continuing operations, which means Neonode's licensing business as the products business has been reclassified to discontinued operations, following the decision in Q4 2023 to focus solely on the Company's licensing business.

Neonode Reports Quarter Ended September 30, 2024 Financial Results

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Neonode Inc. is a speculative play with high potential upside due to its unique optical sensing technology and lucrative patent battles. The company's shift to licensing technology, particularly the TSM platform, opens new revenue streams, evidenced by a recent deal with NEXTY in Japan. Recent legal victories against Samsung have boosted investor confidence, with potential settlements or wins against Apple offering significant financial rewards.

Neonode's Patent Power Play: Big Risks, Bigger Rewards

STOCKHOLM , Oct. 8, 2024 /PRNewswire/ -- Neonode Inc. (NASDAQ: NEON), today announced that Peter Kruk has joined the company's Board of Directors (the "Board") as a Class II director. Peter Kruk currently serves as the Chief Executive Officer and as a board member of NCAB Group AB, a Nasdaq Stockholm-listed company and a leading global producer of printed circuit boards.

Neonode Announces the Appointment of Peter Kruk to the Board of Directors

STOCKHOLM , Oct. 4, 2024 /PRNewswire/ -- Neonode Inc. (NASDAQ: NEON) ("Neonode" or the "Company") today announced that the Company has terminated its corporate broking services agreement with Redeye AB ("Redeye"), pursuant to which agreement Redeye provided Neonode with financial advisory and investor relation services. The Company remains committed to enhancing shareholder value and will be exploring alternative options to ensure effective communication with its stakeholders and the broader investment community.

Neonode Terminates Agreement with Redeye

STOCKHOLM , Sept. 25, 2024 /PRNewswire/ -- Neonode Inc. (NASDAQ: NEON) ("Neonode") is pleased to announce a new license agreement for an evolution of its licensable Touch Sensor Module ("TSM") technology.

NEXTY Electronics Selects Neonode's Touch Sensor Module Technology for the Japanese Amusement Market

STOCKHOLM , Aug. 8, 2024 /PRNewswire/ -- Neonode Inc. (NASDAQ: NEON) ("Neonode" or the "Company") today reported financial results for the three and six months ended June 30, 2024. FINANCIAL SUMMARY FOR THE THREE MONTHS ENDED JUNE 30, 2024: Revenues of $1.4 million, an increase of 18.7% compared to the same period in the prior year.

Neonode Reports Quarter Ended June 30, 2024 Financial Results

STOCKHOLM , June 25, 2024 /PRNewswire/ -- Neonode Inc. (NASDAQ: NEON), announced today that its 2024 Annual Meeting of Stockholders (the "Annual Meeting"), which was reconvened to June 25, 2024, was called to order and again adjourned without any business being conducted due to a lack of the required quorum. The Annual Meeting will reconvene on July 5, 2024 at 3:00 p.m.

Neonode Announces Adjournment of Reconvened Annual Meeting of Stockholders

STOCKHOLM , June 11, 2024 /PRNewswire/ -- Neonode Inc. (NASDAQ: NEON) announced today that its 2024 Annual Meeting of Stockholders (the "Annual Meeting"), held on June 11, 2024 at 3:00 p.m. local time at Neonode's principal executive office located at Karlavägen 100, 115 26 Stockholm, Sweden, was convened and adjourned without any business being conducted, due to a lack of the required quorum.

Neonode Announces Adjournment of Annual Meeting of Stockholders

STOCKHOLM , May 22, 2024 /PRNewswire/ -- Neonode Inc. (NASDAQ: NEON) is pleased to announce the first license agreement for its Touch Sensor Module ("TSM") technology following the decision in December 2023 to transform its TSM business to a licensing business model. YesAR has selected the Neonode TSM technology for the development and manufacturing of holographic infotainment solutions.

Neonode Signs First License Agreement for Touch Sensor Module ("TSM") Technology

STOCKHOLM , May 8, 2024 /PRNewswire/ -- Neonode Inc. (NASDAQ: NEON) ("Neonode" or the "Company") today reported financial results for the three months ended March 31, 2024. FINANCIAL SUMMARY FOR THE QUARTER ENDED MARCH 31, 2024:       Revenue of $1.0 million, a decrease of 19.1% compared to the same period in the prior year.

Neonode Reports Quarter Ended March 31, 2024 Financial Results

STOCKHOLM , April 10, 2024 /PRNewswire/ -- Neonode Inc. (NASDAQ: NEON) ("Neonode" or the "Company") today announced that Dr. Urban Forssell, following consultation with the Board of Directors, will leave his position as Chief Executive Officer ("CEO") of Neonode effective immediately. The Company's Chief Financial Officer, Fredrik Nihlén, has been appointed interim CEO until a new CEO is appointed.

Neonode Announces Departure of Chief Executive Officer

Neonode Inc. (NEON) Q4 2023 Earnings Call Transcript

STOCKHOLM, Sweden , Feb. 28, 2024 /PRNewswire/ -- Neonode Inc. (NASDAQ: NEON) today reported financial results for the fiscal year ended December 31, 2023. FINANCIAL SUMMARY FOR THE FISCAL YEAR ENDED DECEMBER 31, 2023: Revenue of $4.4 million, a decrease of 21.5% compared to the prior year.

Neonode Reports 2023 Financial Results

STOCKHOLM , Feb. 20, 2024 /PRNewswire/ -- Neonode Inc. (NASDAQ: NEON), announced today that it will release the financial results for the three months and fiscal year ended December 31, 2023, on Wednesday February 28, 2024. The Company will host a conference call Wednesday February 28, 2024, at 10AM Eastern Time (ET)/4PM Central European Time (CET) featuring remarks by, and Q&A with, Urban Forssell, CEO, and Fredrik Nihlén, CFO.

Neonode to Report Fourth Quarter 2023 Results on February 28, 2024

STOCKHOLM , Dec. 12, 2023 /PRNewswire/ -- Neonode Inc. (NASDAQ: NEON) today announces a new, sharpened strategy with full focus on its licensing business. Consequently, Neonode will phase out its Touch Sensor Module ("TSM") product business through licensing of the TSM technology to strategic partners or outsourcing.

Neonode Launches Sharpened Strategy with Full Focus on Its Licensing Business

STOCKHOLM , Dec. 6, 2023 /PRNewswire/ -- Neonode Inc. (NASDAQ: NEON) has been awarded by a leading commercial vehicle OEM to supply Driver Monitoring System (DMS) software to the OEM's global range of commercial vehicles. Neonode will provide a bespoke solution based on its proprietary MultiSensing platform.

Neonode Awarded by Leading Commercial Vehicle OEM to Supply MultiSensing® Driver Monitoring System Software

Neonode Inc. (NASDAQ:NEON ) Q3 2023 Results Conference Call November 9, 2023 10:00 AM ET Company Participants Jesper Von Koch - Equity Research Analyst, Technology, Redeye AB Urban Forssell - CEO Fredrik Nihlén - CFO Conference Call Participants Jesper Von Koch Hi. And warm welcome to the Neonode Q3 2023 Earnings Call.

Neonode Inc. (NEON) Q3 2023 Earnings Call Transcript

STOCKHOLM , Nov. 9, 2023 /PRNewswire/ -- Neonode Inc. (NASDAQ: NEON) today reported financial results for the three and nine months ended September 30, 2023. FINANCIAL SUMMARY FOR THE THREE MONTHS ENDED SEPTEMBER 30, 2023: Revenue of $1.0 million, a decrease of 17.5% compared to the same period in the prior year.

Neonode Reports Quarter Ended September 30, 2023 Financial Results

Neonode (NASDAQ: NEON) stock price has crashed to a record low as the company continues facing numerous headwinds. The stock was sitting at $1.1 on Thursday, close to its all-time low.

Neonode (NEON) stock price has plunged: buy this dip?

STOCKHOLM , Nov. 1, 2023 /PRNewswire/ -- Neonode Inc. (NASDAQ: NEON), announced today that it will release the financial results for the three and nine months ended September 30, 2023, on Thursday November 9, 2023. The Company will host a conference call Thursday November 9, 2023, at 10AM Eastern Time (ET)/4PM Central European Time (CET) featuring remarks by, and Q&A with, Urban Forssell, CEO, and Fredrik Nihlén, CFO.

Neonode to Report Third Quarter 2023 Results on November 9, 2023

Neonode Inc. (NASDAQ:NEON ) Q2 2023 Earnings Conference Call August 10, 2023 10:00 AM ET Company Participants Urban Forssell – Chief Executive Officer Fredrik Nihlen – Chief Financial Officer Conference Call Participants Jesper Von Koch – Redeye AB Jesper Von Koch Hi, and welcome to the Q2 2023 Earnings Call for Neonode. We will start with the company presentation and a walk-through of the financial results by the company's CEO, Urban Forssell; and CFO, Fredrik Nihlen.

Neonode Inc. (NEON) Q2 2023 Earnings Call Transcript

STOCKHOLM , Aug. 10, 2023 /PRNewswire/ -- Neonode Inc. (NASDAQ: NEON) today reported financial results for the three and six months ended June 30, 2023. FINANCIAL SUMMARY FOR THE THREE MONTHS ENDED JUNE 30, 2023: Revenue of $1.2 million, a decrease of 5.3% compared to the same period in the prior year.

Neonode Reports Quarter Ended June 30, 2023 Financial Results

STOCKHOLM , Aug. 2, 2023 /PRNewswire/ -- Neonode Inc. (NASDAQ: NEON), announced today that it will release the financial results for the three and six months ended June 30, 2023, on Thursday August 10, 2023. The Company will host a conference call Thursday August 10, 2023, at 10AM Eastern Daylight Time (EDT)/4PM Central European Summer Time (CEST) featuring remarks by, and Q&A with, Urban Forssell, CEO, and Fredrik Nihlén, CFO.

Neonode to Report Second Quarter 2023 Results on August 10, 2023

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