Neonode Inc Stock Price, News & Analysis

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.

Neonode Inc. (NASDAQ: NEON) has extended its value-added reseller agreement with MZ Technologie, increasing its reach in the Middle East, including the UAE, Saudi Arabia, Qatar, Egypt, and Bahrain. The partnership focuses on developing touchless solutions using Neonode's Touch Sensor Modules, building on successes achieved in France. Neonode aims to leverage MZ Technologie's expertise to explore new opportunities in the region, enhancing user experience with innovative solutions for public-facing equipment.

Neonode Inc. (NASDAQ: NEON) announced the adjournment of its 2022 Annual Meeting of Stockholders on June 22, 2022, due to lack of quorum. The meeting will reconvene on July 8, 2022, at 3:00 p.m. local time at its Stockholm office. No changes have been made to the proposals set for voting. The record date for stockholder eligibility remains April 19, 2022. The Board of Directors recommends that stockholders vote 'FOR' all proposals, encouraging those who haven't yet voted to do so promptly.

Neonode (NASDAQ: NEON) announced a change in its Board of Directors, appointing Cecilia Edström as a Class I Director, while Mattias Bergman resigned from the same position due to other commitments. Edström, who has experience in executive management and serves as the acting CFO of A3P Biomedical, expressed enthusiasm about joining Neonode, emphasizing the growing demand for contactless interfaces. This leadership change aims to bolster the company's direction and capitalizes on Edström's extensive management background.

Neonode Inc. (NASDAQ: NEON) reported its financial results for Q1 2022, revealing revenue of $1.3 million, a 20.8% decrease year-over-year. Operating expenses fell to $2.6 million, a 12.2% reduction. The net loss was $1.4 million or $0.10 per share, improving from a loss of $1.6 million in the previous year. Cash used in operations rose to $2.3 million. The company faced challenges due to ongoing COVID-19 lockdowns and semiconductor shortages affecting customer projects. Despite these challenges, Neonode’s CEO highlighted a growing interest in their contactless touch solutions.

Neonode Inc. (NASDAQ: NEON) announced it will release its first quarter 2022 financial results on May 11, 2022. A conference call to discuss these results will take place on May 12, 2022, at 10 AM EST, featuring CEO Urban Forssell and CFO Fredrik Nihlén. Dial-in numbers for the call are provided, and registration is available online. Those unable to attend can access a digital replay from May 11 to May 25, 2022. For more details, contact Alana Gordon or Fredrik Nihlén via email.

Neonode Inc. (NASDAQ: NEON) will release its financial results for Q4 and FY 2021 on March 10, 2022. A conference call is scheduled for the same day at 10 AM EST, featuring remarks from CEO Urban Forssell and CFO Fredrik Nihlén. Interested participants can dial in using the provided numbers, and a digital replay will be available for 14 days post-call. This release is crucial as it will shed light on the company's performance over the past fiscal year, impacting investor sentiment.

Neonode Inc. (NASDAQ: NEON) reported a 36% year-over-year decrease in revenue to $1.0 million for Q3 2021, impacting its net loss, which widened slightly to $1.7 million. Operating expenses decreased by 12% to $2.7 million. For the nine months ending September 30, 2021, revenue rose 23% to $4.3 million, with a net loss of $4.9 million. The CEO cited COVID-19 restrictions and global supply chain issues as key challenges. However, a recent stock offering generated $14.5 million to bolster liquidity and support TSM production growth.