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. develops software and optical sensing solutions for machine perception, contactless touch and gesture sensing. Its updates center on the MultiSensing platform, including computer vision and AI applications for in-cabin sensing and driver monitoring, and on the zForce platform used by existing touch-technology customers.
Company developments also cover financial results, license revenue trends, customer projects in automotive and other regulated or technology-demanding markets, and the continuing shift away from legacy printer and automotive infotainment revenue. Recurring corporate items include commercial leadership changes, annual-meeting and proxy matters, and proceeds tied to patents previously assigned to Aequitas Technologies.
Neonode Inc. (NASDAQ: NEON) announces that Shanghai Yihang Internet Technology (SYIT) will deploy its smart luggage carrier, uGO, at Beijing Daxing International Airport. The uGO trolley features Neonode's touch sensor modules, offering passengers real-time information in their language. Initial deployment began in August 2021, with plans to expand to other airports in China by Q4 2021. Urban Forssell, CEO of Neonode, expressed optimism for market adoption in the airport sector, highlighting the strong demand for contactless solutions.
On August 11, 2021, Neonode (NASDAQ: NEON) reported a revenue of $1.7 million for Q2 2021, a significant increase of 127% year-over-year. Operating expenses rose by 37.8% to $3.3 million, resulting in a net loss of $1.7 million ($0.14 per share). Cash and accounts receivable stood at $7.8 million. The CEO noted strong demand for their contactless touch solutions, particularly in Asia, with over 70% of sales from Asian customers. Gross margins improved to 87% for the quarter, up from 84% in the previous year.
Neonode Inc. (NASDAQ: NEON) announced it will release its financial results for the second quarter of 2021 on August 11, 2021. A conference call will be held the same day at 10 AM EDT, featuring CEO Urban Forssell and CFO Fredrik Nihlén, among others. Participants can join by dialing toll-free numbers or via an online link. A recording will be available for 14 days following the call. For additional inquiries, interested parties may contact investor relations.
Neonode Inc. (NASDAQ: NEON) announced its collaboration with MiTAC Computing Technology Corp. to supply Touch Sensor Modules (TSMs) for a new contactless self-service kiosk solution featuring a 32-inch display. The TSMs will enhance user safety during interactions and are ready for global promotion. This innovative kiosk technology, developed in Q2 2021, combines sensor fusion and artificial intelligence. The partnership aims to expand into new kiosk segments and promote contactless touch as the future of kiosk interaction.
Neonode Inc. (NASDAQ: NEON) announced a partnership with Japan Aerospace Corporation for contactless self check-in kiosk trials at Narita Airport, utilizing Neonode's touch technology. The field test began on June 10 and will last three months, featuring kiosks owned by a major airport solution provider and several SkyTeam airlines. Neonode's CEO, Urban Forssell, expressed optimism over the rising interest in their technology, which aims to enhance user interaction in public spaces, especially during the upcoming Olympics and Paralympics.
Neonode Inc. (NASDAQ: NEON) has partnered with Dewhurst UK Ltd to develop and market contactless elevator control solutions using Neonode's technology. The collaboration aims to innovate elevator components, with Dewhurst launching its first product, HALO, in 2021. The HALO product features user-friendly touchless technology and has received positive feedback from installations in the UK. The partnership signifies a strategic move for both companies to expand in the contactless technology market, enhancing user safety and convenience in elevators.
Neonode Inc. (NASDAQ: NEON) reported $1.7 million in revenue for Q1 2021, reflecting a 28.7% increase year-over-year. However, operating expenses rose by 29.0% to $3.0 million, leading to a net loss of $1.6 million, or $0.14 per share, worse than the previous year's loss. Cash and accounts receivable decreased to $9.5 million. The company is focusing on expanding contactless touch solutions for elevators and kiosks, particularly in Asia. Despite growing demand, the long-term outlook for legacy business revenue remains uncertain.
Neonode Inc. (NASDAQ: NEON) is set to release its first quarter 2021 financial results on May 12, 2021. A conference call will take place on the same day at 10AM EDT.
Key executives including CEO Urban Forssell and CFO Maria Ek will discuss the results and answer questions. Interested participants can join by calling the toll-free number or using the provided online registration link. A recording of the call will be available for 14 days after the event. For more information, contact Investor Relations.
Neonode Inc. (NASDAQ: NEON) has appointed Anthony Uhrick as Vice President Sales AMER, effective immediately. Uhrick, with over 20 years in the touch screen sector, aims to enhance the company's focus on contactless technology in North America, Asia, and Europe. This appointment is part of a strategy update, replacing the previous business area organization with a regional sales structure. Johan Swartz and Jonas Wærn will lead sales in APAC and EMEA, respectively. CEO Urban Forssell expressed confidence in Uhrick's industry experience to drive growth and address market demands.
Neonode Inc. (NASDAQ: NEON) has entered an Original Equipment Manufacturer agreement with Merim Groupe to create contactless kiosk products using Neonode's Touch Sensor Modules. Merim has already implemented its AIR-CLICK solution in Burger King restaurants in France, converting traditional screens into contactless systems. After a successful trial in Paris on February 9, 2021, the AIR-CLICK product is designed for quick installation and offers a seamless ordering experience when combined with contactless payment systems. This partnership aims to enhance the QSR market.