Welcome to our dedicated page for Neonode news (Ticker: NEON), a resource for investors and traders seeking the latest updates and insights on Neonode stock.
Neonode Inc. (NASDAQ: NEON) is a cutting-edge technology company specializing in optical sensing solutions for contactless touch, touch, and gesture sensing. With a mission to innovate beyond conventional user interfaces, Neonode’s proprietary MultiSensing® platform and patented zForce® technology redefine user experience across various sectors, including automotive, medical, military, and home appliances.
The company's core business revolves around providing advanced touch technology solutions. Key products include their zForce® touch and gesture sensing technology, which enhances user interaction far beyond traditional methods. Neonode’s technology is embedded in millions of consumer and industrial products globally, leveraged by industry giants like Sony, Volvo, Amazon, and Barnes & Noble.
Neonode has recently announced a strategic pivot to focus solely on licensing its technology, phasing out direct product sales. This change aims to capitalize on the company’s robust IP portfolio, including the driver monitoring systems based on its MultiSensing® platform. The company has already secured a significant licensing agreement with a leading commercial vehicle OEM and is in discussions with other potential clients.
Despite facing challenges in the sales of physical products, Neonode's licensing revenues have shown stability. The company is optimistic about the growth potential in the licensing domain, particularly in automotive and medtech sectors. Recent financial results indicate focused efforts on high-potential markets, supported by strategic realignments and intensified marketing efforts.
Neonode operates across the globe, with key markets in the United States, Japan, South Korea, and Europe. The company's financial health shows a mix of decreased product sales but promising licensing revenue streams, setting a foundation for future profitability.
For the latest updates, financial results, and detailed insights into Neonode Inc., visit www.neonode.com.
Neonode Inc. (NASDAQ: NEON) announced the upcoming release of its financial results for Q4 and the fiscal year ended December 31, 2022, scheduled for March 9, 2023. A conference call will take place on the same date at 10 AM EST, featuring remarks and Q&A with CEO Urban Forssell and CFO Fredrik Nihlén. Investors can join the call via a provided link and will have access to a digital recording afterward. This event provides an opportunity for stakeholders to gain insights into the company's performance and future outlook.
Neonode Inc. (NASDAQ: NEON) has partnered with EPICNPOC to develop a multimodal HMI platform for automotive use. This platform combines contactless touch, voice interfaces, and gesture sensing to enhance vehicle cockpit interactions. Neonode's patented zForce® technology will enable users to create smart surfaces from various materials. EPICNPOC's BOWL® platform will integrate these technologies, offering solutions for the automotive sector and beyond. The collaboration presents new market opportunities for Neonode as they showcase their technology at CES 2023.
Neonode Inc. (NASDAQ: NEON) reported its financial results for the third quarter ending September 30, 2022. The company achieved revenue of $1.2 million, up 26.4% year-over-year, while operating expenses fell 21.8% to $2.1 million. The net loss decreased to $0.8 million from $1.7 million a year earlier. For the nine-month period, revenues totaled $3.8 million, a 12.6% decline compared to the prior year. Cash reserves stood at $12.3 million as of September 30, 2022. The CEO highlighted ongoing challenges due to long sales cycles and external factors affecting growth.
Neonode (NASDAQ: NEON) will release its third quarter 2022 financial results on November 10, 2022. A conference call will be held the same day at 10 AM EST featuring CEO Urban Forssell and CFO Fredrik Nihlén, who will discuss the results and answer questions. Interested individuals can join the call via the provided link or access a digital recording later. For further inquiries, contact Marketing Director Alana Gordon or CFO Fredrik Nihlén via their emails.
Neonode (NASDAQ: NEON) announces an extension of its agreement with Elix Systems SA for the increased use of its Touch Sensor Modules in medical ultrasound systems. The extended contract, valued over $400,000, covers deliveries for 2022 and 2023. Elix Systems integrates Neonode's technology to enhance touch functionality on 19" LCD medical displays, improving physician-patient interactions. This partnership reflects Elix's confidence in Neonode's products, as they facilitate compliance without requiring major redesigns of medical devices.
Neonode Inc. (NASDAQ: NEON) announces the appointment of Dr. Thierry Corman as Vice President Operations and Mrs. Helena Börjesson as Vice President People & Culture. Dr. Corman replaces Ulf Mårtensson, who is retiring. With extensive experience in supply chain and operations, Dr. Corman aims to enhance Neonode's efficiency. Mrs. Börjesson, with over 20 years in human resources, will focus on corporate culture and employee development. CEO Urban Forssell highlights that these appointments will strengthen the management team and support growth and profitability objectives.
Neonode Inc. (NASDAQ: NEON) reported a 26.3% decline in Q2 2022 revenue, totaling $1.3 million. Operating expenses decreased by 13.7% to $2.8 million, while net loss reduced to $1.5 million ($0.11 per share). For the first half, revenue was $2.6 million, down 23.6% year-over-year. Cash used in operations increased to $5.2 million. CEO Urban Forssell indicated challenges due to COVID-19 lockdowns and supply chain issues, but noted growth potential in Touch Sensor Modules from various markets.
Neonode Inc. (NASDAQ: NEON) announced that it will release its second quarter 2022 financial results on August 11, 2022. A conference call will be held the same day at 10 AM EST featuring CEO Urban Forssell and CFO Fredrik Nihlén for remarks and a Q&A session. Participants can join via a provided link or by calling +46 8 400 123 24. A digital recording of the event will be available for those unable to attend live. Neonode specializes in advanced optical sensing solutions and has over 100 patents worldwide.
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