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, Feb. 24, 2022 /PRNewswire/ -- Neonode Inc. (NASDAQ: NEON), announced today that it will release the financial results for the three months and fiscal year ended December 31, 2021, on Wednesday March 10, 2022. The Company will host a conference call Thursday March 10, 2022, at 10AM Eastern Standard Time (EST)/4PM Central European Time (CET) featuring remarks by, and Q&A with, Urban Forssell, CEO, Fredrik Nihlén, CFO, David Brunton, Head of Investor Relations and Alana Gordon, Director Marketing.

Neonode to Report Fourth Quarter and Fiscal Year 2021 Results on March 10, 2022

Neonode Inc. (NEON) CEO Urban Forssell on Q3 2021 Earnings Call Transcript

Neonode (NASDAQ:NEON) reported its Q3 earnings results on Wednesday, November 10, 2021. Here's what investors need to know about the announcement.

Neonode: Q3 Earnings Insights

STOCKHOLM, Nov. 10, 2021 /PRNewswire/ -- Neonode Inc. (NASDAQ: NEON), today reported financial results for the three and nine months ending September 30, 2021. FINANCIAL SUMMARY FOR THE THREE MONTHS ENDED September 30, 2021:         Revenue of $1.0 million, a decrease of 36% compared to the same period in the prior year.

Neonode Reports Quarter Ended September 30, 2021 Financial Results

STOCKHOLM, Nov. 9, 2021 /PRNewswire/ -- Neonode Inc. (NASDAQ: NEON), is pleased to announce that a Neonode customer in Japan has been selected by a leading sushi restaurant chain in Japan to retrofit the chain's self-service kiosks with Neonode contactless touch technology. The end customer, which is one of the largest sushi restaurant chains in Japan, has decided to deploy a contactless retrofit solution, powered by Neonode touch sensor modules, to all existing self-service kiosks in their over 500 restaurants nationwide.

Leading Japanese Sushi Chain Deploys Contactless Self-Service Kiosks Powered by Neonode

STOCKHOLM, Nov. 3, 2021 /PRNewswire/ -- Neonode Inc. (NASDAQ: NEON), announced today that it will release the financial results for the three and nine months ended September 30, 2021, on Wednesday November 10, 2021. The Company will host a conference call Wednesday November 10, 2021, at 10AM Eastern Standard Time (EST)/4PM Central European Time (CET) featuring remarks by, and Q&A with, Urban Forssell, CEO, Fredrik Nihlén, CFO and David Brunton, Head of Investor Relations.

Neonode to Report Third Quarter 2021 Results on November 10, 2021

STOCKHOLM, Nov. 1, 2021 /PRNewswire/ -- Neonode Inc. (NASDAQ: NEON), is pleased to announce that one of the largest global elevator manufacturers has decided to equip all new elevators with contactless touch control panels featuring Neonode's Touch Sensor Modules. This comes after extensive tests and evaluations of the technology.

Major Elevator Manufacturer Will Equip All New Elevators with Contactless Touch Solutions Powered by Neonode Touch Sensor Modules

STOCKHOLM, Oct. 21, 2021 /PRNewswire/ -- Neonode Inc. (NASDAQ: NEON), today announced it has agreed to place with certain Swedish and European investors 1,808,000 shares of its common stock at a purchase price of $7.75 per share in a registered direct offering. The closing of the offering is expected to occur on or about October 25, 2021, subject to the satisfaction of customary closing conditions.

Neonode Announces $14 Million Registered Direct Offering

STOCKHOLM, Oct. 13, 2021 /PRNewswire/ -- Neonode Inc. (NASDAQ: NEON), is pleased to announce that it has signed a value-added reseller agreement with EIL Company Ltd. to design, promote and sell contactless touch products and solutions featuring Neonode contactless technology in China and Hong Kong.

Neonode and EIL Join Forces to Address Contactless Touch Market in China

The stock price of Neonode, Inc (NASDAQ: NEON) increased over 25% during intraday trading today. This is why it happened.

NEON Stock: Why It Substantially Increased Today

STOCKHOLM, Sept. 29, 2021 /PRNewswire/ -- Neonode Inc. (NASDAQ: NEON), is pleased to announce that TNB Tech, a Neonode value-added reseller, has been selected by Doostek for contactless self check-in kiosk trials at a major Korean airport featuring Neonode contactless touch technology.

Neonode Touch Sensor Modules Selected for Contactless Airport Kiosk Trials by Doostek in South Korea

STOCKHOLM, Sept. 24, 2021 /PRNewswire/ -- Neonode Inc. (NASDAQ: NEON) is pleased to announce it has signed a value-added reseller agreement with MZ Technologie to design, promote and sell contactless touch products and solutions featuring Neonode contactless technology.

Neonode Partners with MZ Technologie to Jointly Address Contactless Kiosk and Elevator Control Markets in France

STOCKHOLM, Sept. 20, 2021 /PRNewswire/ -- Neonode Inc. (NASDAQ: NEON), is pleased to announce that Shanghai Yihang Internet Technology ("SYIT"), a Neonode customer in China, has been selected by Beijing Daxing International Airport to deploy their smart luggage carrier featuring Neonode touch sensor modules.

Neonode-Powered Smart Luggage Carrier by Shanghai Yihang Internet Technology Deployed at Beijing Daxing International Airport

Neonode Inc. (NEON) CEO Urban Forssell on Q2 2021 Results - Earnings Call Transcript

STOCKHOLM, Aug. 11, 2021 /PRNewswire/ -- Neonode Inc. (NASDAQ: NEON), today reported financial results for the three and six months ending June 30, 2021. FINANCIAL SUMMARY FOR THE QUARTER ENDED JUNE 30, 2021: Revenue of $1.7 million, an increase of 127% compared to the same period in the prior year.

Neonode Reports Quarter Ended June 30, 2021 Financial Results

STOCKHOLM, Aug. 4, 2021 /PRNewswire/ -- Neonode Inc. (NASDAQ: NEON), announced today that it will release the financial results for the three and six months ending June 30, 2021, on Wednesday August 11, 2021. The Company will host a conference call Wednesday August 11, 2021, at 10AM Eastern Daylight Time (EST)/4PM Central European Time (CET) featuring remarks by, and Q&A with, Urban Forssell, CEO, Fredrik Nihlén, CFO and David Brunton, Head of Investor Relations.

Neonode to Report Second Quarter 2021 Results on August 11, 2021

STOCKHOLM, July 12, 2021 /PRNewswire/ -- Neonode Inc. (NASDAQ: NEON), is pleased to announce that it will deliver its Touch Sensor Modules (TSMs) to MiTAC Computing Technology Corp. (MCT) who has developed a contactless touch self-service kiosk solution with a 32 inch display featuring Neonode's TSMs. The contactless solution has been extensively tested and is now ready for wider promotion to MCT's global customer base.

Neonode Brings Contactless Touch to Smart Retail Kiosk Solution by MiTAC

STOCKHOLM, July 1, 2021 /PRNewswire/ -- Neonode Inc. (NASDAQ: NEON), is pleased to announce that Japan Aerospace Corporation, a Neonode value-added reseller, has been selected by a major airport solution provider for contactless self check-in kiosk trials at Narita Airport featuring Neonode contactless touch technology. This contactless retrofit solution developed by Japan Aerospace Corporation, called Air Click, has been installed on several kiosks at the departure lounge at Narita Airport Terminal 1.

Neonode Touch Sensor Modules Selected for Contactless Kiosk Trials by Global Airport Solution Provider in Japan

Neonode Inc (NASDAQ: NEON) and Dewhurst U.K. Ltd inked an agreement for Dewhurst to design, market, and sell contactless elevator control products and solutions featuring Neonode contactless technology. After successfully evaluating Neonode touch sensor modules, Dewhurst started a new product development project that led to its first contactless elevator product launch in early 2021.

Neonode, Dewhurst Partner To Tap Contactless Elevator Control Market

STOCKHOLM, June 30, 2021 /PRNewswire/ -- Neonode Inc. (NASDAQ: NEON) and Dewhurst UK Ltd have signed an Original Equipment Manufacturer agreement for Dewhurst to design, market and sell contactless elevator control products and solutions featuring Neonode contactless technology. In 2020, Dewhurst, the global leader in the design and manufacture of high-end components and solutions for the elevator industry, was looking to innovate and add contactless products to its portfolio.

Neonode and Dewhurst Partner to Address Contactless Elevator Control Market

Neonode Inc. (NEON) CEO Urban Forssell on Q1 2021 Results - Earnings Call Transcript

Neonode Inc (NASDAQ: NEON) reported first-quarter FY21 revenue growth of 28.7% year-on-year to $1.7 million, missing the analyst consensus of $1.83 million. HMI Solutions revenues rose 9.9% Y/Y to $1.3 million from higher license fees from its automotive customers.

Why Did Neonode Stock Plunge After Q1 Earnings?

STOCKHOLM, May 12, 2021 /PRNewswire/ -- Neonode Inc. (NASDAQ: NEON), today reported financial results for the three months ended March 31, 2021. FINANCIAL SUMMARY FOR THE QUARTER ENDED MARCH 31, 2021: Revenue of $1.7 million, an increase of 28.7% compared to the same period in the prior year.

Neonode Reports Quarter Ended March 31, 2021 Financial Results

STOCKHOLM, May 5, 2021 /PRNewswire/ -- Neonode Inc. (NASDAQ: NEON), announced today that it will release financial results for the first quarter 2021 on Wednesday May 12, 2021. The Company will host a conference call Wednesday May 12, 2021 at 10AM Eastern Daylight Time (EDT)/4PM Central European Time (CET) featuring remarks by, and Q&A with, Urban Forssell, CEO, Maria Ek, CFO, Johan Swartz, Vice President Sales APAC, Jonas Wærn, Vice President Sales EMEA, Anthony Uhrick, Vice President Sales AMER, and David Brunton, Head of Investor Relations.

Neonode to Report First Quarter 2021 Results on May 12, 2021

STOCKHOLM, Sweden, May 4, 2021 /PRNewswire/ -- Neonode Inc. (NASDAQ: NEON), today announced the appointment of Anthony Uhrick as Vice President Sales AMER. Mr. Uhrick is an industry veteran with over 20 years of experience in the touch screen industry developing business for early market leaders such as 3M Touch Systems, Planar, and Smart Technologies.

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