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) has signed a distributor agreement with NEXTY Electronics Corporation to sell its contactless sensor products in Japan. NEXTY, part of the Toyota Tsusho group, leverages its established distribution network to enhance market reach in automotive electronics. CEO Dr. Urban Forssell emphasized that this partnership will accelerate Neonode's growth in the Japanese market, following previous agreements with other resellers. The collaboration aims to significantly strengthen Neonode's footprint and drive sales in this critical region.
Neonode (NASDAQ: NEON) announced its scheduled release of financial results for the fiscal year and Q4 2020 on March 10, 2021. The company will conduct a conference call on the same day at 10 AM EST, featuring remarks and a Q&A session with key executives including Urban Forssell (CEO) and Maria Ek (CFO). Dial-in details are provided for interested participants, and a digital recording will be available for 14 days post-call. This marks an important opportunity to assess the company's financial performance for the year.
On November 24, 2020, Neonode Inc. (NASDAQ: NEON) announced a value-added reseller agreement with Metatechno Inc. Under this agreement, Metatechno will sell Neonode's touch sensor modules and associated software for various contactless touch applications. CEO Urban Forssell emphasized the partnership's potential to enhance Neonode's presence in Japan, while Metatechno's CEO Kazuhiko Fukushige highlighted the importance of innovation through new combinations of existing technologies. This collaboration aims to expand market opportunities in the region.
Neonode Inc. (NASDAQ: NEON) reported financial results for Q3 2020, with net sales of $1.5 million, up from $1.3 million YOY. However, the company experienced a net loss of $1.6 million, increasing from $1.1 million in Q3 2019, leading to a loss per share of $0.16 vs. $0.12 the previous year. Operating cash usage also rose to $1.8 million from $1.4 million in the prior year. The company completed a $13.9 million private placement, aiding cash flow. Despite challenges, demand for their touch sensor technology is expected to grow amid COVID-19.
Neonode (NASDAQ: NEON) has announced a value-added reseller agreement with Finetek to promote and sell its sensor products in South Korea. This collaboration aims to enhance contactless touch technology in sectors like elevators and interactive kiosks, building on their prior relationship. Urban Forssell, CEO of Neonode, expressed enthusiasm for the expanded partnership, while Finetek's CEO highlighted the growing customer interest in contactless display solutions.
On November 2, 2020, Neonode Inc. (NASDAQ: NEON) appointed Atsushi Ishii as Vice President of Engineering. Ishii brings extensive experience from his previous role as VP & Head of Engineering at Excillum AB, where he led the development of advanced X-ray sources. His background also includes R&D leadership positions at FLIR Systems AB and Öhlins Racing AB. CEO Urban Forssell emphasized that Ishii's appointment will enhance Neonode's focus on cutting-edge technology and strengthen its technical leadership.
Neonode Inc. (NASDAQ: NEON) will release its financial results for the three and nine months ended September 30, 2020, on November 10, 2020. A conference call will follow at 10 AM EST, featuring CEO Urban Forssell, CFO Maria Ek, and Head of Investor Relations David Brunton. Participants can dial in using the number (877) 539-0733 for the U.S. or +1 (678) 607-2005 for international calls, using Conference ID #6708249. A recording will be available for 30 days post-call. For more details, visit Neonode's website.
On October 28, 2020, Neonode Inc. (NASDAQ: NEON) announced a value-added reseller agreement with TNBTECH Co., Ltd. to enhance the distribution of its sensor products in South Korea. This partnership aims to leverage TNBTECH's extensive sales network and engineering expertise to expedite the deployment of Neonode's contactless touch technology for various customer projects. Both companies expressed optimism about the collaboration, highlighting TNBTECH's ten-year reputation in IoT innovation and its commitment to delivering innovative solutions to the market.
Neonode (NASDAQ: NEON) has signed a value-added reseller agreement with Global Electronics Corporation (GEC) to promote its sensor products in Japan and Southeast Asia. This partnership is expected to enhance Neonode's market presence in these regions, leveraging GEC's extensive sales, distribution, and engineering capabilities. The collaboration aims to increase the technical offerings of Neonode's products, particularly contactless touch interfaces. Neonode specializes in advanced optical sensing solutions and holds over 120 patents globally.
Neonode Inc. (NASDAQ: NEON) has partnered with Japan Aerospace Corp. through a value-added reseller agreement. This collaboration will focus on developing contactless self-service kiosks equipped with Neonode's touch sensor modules for customers in Japan. Japan Aerospace has already produced contactless terminals for Japan Airlines that are currently being trialed at Tokyo's Haneda airport. Both companies express optimism about the partnership, citing a shared commitment to innovation and safety in the aerospace sector.
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