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) delivers cutting-edge optical sensing solutions through its patented zForce® and multisensing® technologies, serving automotive, consumer electronics, and industrial markets. This news hub provides investors and industry professionals with essential updates on the company’s licensing agreements, product innovations, and financial performance.
Access real-time announcements including earnings reports, strategic partnerships, and technology breakthroughs. Our curated collection ensures you stay informed about developments impacting Neonode’s position in touchless interfaces and machine perception markets.
Discover updates across key categories: quarterly financial disclosures, intellectual property milestones, OEM collaborations, and R&D advancements in gesture recognition systems. All content is verified for accuracy and relevance to stakeholder interests.
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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.
Neonode Inc. (NASDAQ: NEON) has received an order to supply touch sensor modules to Finetek, a value-added reseller, for a major elevator OEM in South Korea. Following successful testing, contactless control panel modules are being installed for trials in existing elevators. This project signifies a critical advancement for Neonode's contactless technology in the elevator sector. Finetek anticipates positive outcomes moving into a touchless economy, supported by their collaboration with Neonode.
Neonode (NASDAQ: NEON) announced the appointment of Fredrik Nihlén as Chief Financial Officer, effective August 2, 2021. Nihlén joins from IFS, where he was Finance Director for the Nordics, and has prior experience as CFO at Cinnober Financial Technology. His recruitment reflects Neonode's belief in strong growth opportunities in contactless touch solutions. CEO Urban Forssell stated that Nihlén's financial expertise will enhance company profitability.
Neonode Inc. (NASDAQ: NEON) announced an order to supply touch sensor modules to Japan Aerospace Corporation. This order, received from a major Asian airline, aims to retrofit existing self-service kiosks with contactless touch solutions at multiple airports in Asia. CEO Urban Forssell highlighted this development as a significant breakthrough in the transportation sector, indicating potential growth in Neonode's contactless touch business.
Neonode (NASDAQ: NEON) reported a 10% decline in revenue, totaling $6.0 million for the fiscal year ended December 31, 2020. Operating expenses decreased by 5.1% to $11.1 million. The company registered a net loss of $5.6 million ($0.56 per share), a slight increase from $5.3 million in 2019. Despite these challenges, cash reserves improved to $12.2 million, up from $3.7 million last year. The CEO highlighted opportunities in contactless touch solutions and ongoing engagements with new customers in various global markets.
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.
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