Neonode Inc Stock Price, News & Analysis

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.

Neonode (NASDAQ: NEON) announced the postponement of its 2022 Annual Meeting of Stockholders, initially scheduled for July 15, 2022. The company's board of directors will establish a new date for the meeting and will set a record date to determine eligible stockholders. A new notice will be provided to these stockholders in due course.

Neonode Inc. (NASDAQ: NEON) announced the adjournment of its 2022 Annual Meeting of Stockholders, originally scheduled for July 8, 2022, due to a lack of quorum. The meeting will reconvene on July 15, 2022, at 3:00 p.m. local time at the company's office in Stockholm. The record date for voting remains April 19, 2022, and previously submitted proxies will be honored. The Board of Directors encourages stockholders to vote 'FOR' all proposals outlined in the proxy statement filed on April 26, 2022.