Neonode Inc., together with its subsidiaries, develops optical sensing solutions for contactless touch, touch, gesture sensing, and in-cabin monitoring in the United States, Japan, South Korea, China, and internationally. The company also licenses its technology to original equipment manufacturers (OEMs) and Tier 1 suppliers. In addition, it provides embedded sensors to OEMs, original design manufacturers, and Tier 1 suppliers. Further, the company sells Neonode branded sensor products, such as AirBar products through distributors. Additionally, it provides engineering consulting services. Neonode Inc. was incorporated in 1997 and is headquartered in Stockholm, Sweden.
IPO Year:
Exchange: NASDAQ
Website: neonode.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/18/2024 | $16.50 | Buy | Ladenburg Thalmann |
STOCKHOLM, Nov. 6, 2024 /PRNewswire/ -- Neonode Inc. (NASDAQ:NEON) ("Neonode" or the "Company") today reported financial results for the three and nine months ended September 30, 2024. The financial results relate to continuing operations, which means Neonode's licensing business as the products business has been reclassified to discontinued operations, following the decision in Q4 2023 to focus solely on the Company's licensing business. FINANCIAL SUMMARY FOR THE THREE MONTHS ENDED SEPTEMBER 30, 2024 Revenues from continuing operations of $0.8 million, a decrease of 0.2% compared to the same period in the prior year. Operating expenses from continuing operations of $2.0 million, a d
STOCKHOLM, Oct. 8, 2024 /PRNewswire/ -- Neonode Inc. (NASDAQ:NEON), today announced that Peter Kruk has joined the company's Board of Directors (the "Board") as a Class II director. Peter Kruk currently serves as the Chief Executive Officer and as a board member of NCAB Group AB, a Nasdaq Stockholm-listed company and a leading global producer of printed circuit boards. Mr. Kruk brings extensive experience as a leader in global industrial companies. From 2018 to 2020, Mr. Kruk served as the President of the EMEA region in the Dometic Group and was a member of Dometic Group's management team. From 2009 to 2018, he served as President of Electronics and a member of the executive management tea
STOCKHOLM, Oct. 4, 2024 /PRNewswire/ -- Neonode Inc. (NASDAQ:NEON) ("Neonode" or the "Company") today announced that the Company has terminated its corporate broking services agreement with Redeye AB ("Redeye"), pursuant to which agreement Redeye provided Neonode with financial advisory and investor relation services. The Company remains committed to enhancing shareholder value and will be exploring alternative options to ensure effective communication with its stakeholders and the broader investment community. For more information, please contact:Interim President and Chief Executive Officer and Chief Financial OfficerFredrik NihlénE-mail: [email protected]: +46 703 97 21 09
STOCKHOLM, Sept. 25, 2024 /PRNewswire/ -- Neonode Inc. (NASDAQ:NEON) ("Neonode") is pleased to announce a new license agreement for an evolution of its licensable Touch Sensor Module ("TSM") technology. NEXTY Electronics Corporation ("NEXTY Electronics"), an electronics trading company of the Toyota Tsusho Group, has selected Neonode's TSM technology for sensor development and manufacturing of the next-generation amusement machines for a leading manufacturer in Japan's amusement market. The agreement includes an upfront technology access fee and future royalties and is estimated to have a value of US$2–3 million over the next four to five years. NEXTY Electronics chose to license Neonode's
STOCKHOLM, Aug. 8, 2024 /PRNewswire/ -- Neonode Inc. (NASDAQ:NEON) ("Neonode" or the "Company") today reported financial results for the three and six months ended June 30, 2024. FINANCIAL SUMMARY FOR THE THREE MONTHS ENDED JUNE 30, 2024: Revenues of $1.4 million, an increase of 18.7% compared to the same period in the prior year.Operating expenses of $2.7 million, a decrease of 1.6% compared to the same period in the prior year.Net loss of $1.7 million, or $0.11 per share, compared to $1.5 million, or $0.10 per share, for the same period in the prior year.Cash used by operations of $1.2 million compared to $0.6 million for the same period in the prior year.Cash and accounts receivable of $
STOCKHOLM, June 25, 2024 /PRNewswire/ -- Neonode Inc. (NASDAQ:NEON), announced today that its 2024 Annual Meeting of Stockholders (the "Annual Meeting"), which was reconvened to June 25, 2024, was called to order and again adjourned without any business being conducted due to a lack of the required quorum. The Annual Meeting will reconvene on July 5, 2024 at 3:00 p.m. local time at Neonode's principal executive office located at Karlavägen 100, 115 26 Stockholm, Sweden to provide its stockholders additional time to vote on the proposals described in the proxy statement filed with the Securities and Exchange Commission on April 26, 2024. No changes have been made in the proposals to be voted
STOCKHOLM, June 11, 2024 /PRNewswire/ -- Neonode Inc. (NASDAQ:NEON) announced today that its 2024 Annual Meeting of Stockholders (the "Annual Meeting"), held on June 11, 2024 at 3:00 p.m. local time at Neonode's principal executive office located at Karlavägen 100, 115 26 Stockholm, Sweden, was convened and adjourned without any business being conducted, due to a lack of the required quorum. The Annual Meeting will reconvene on June 25, 2024 at 3:00 p.m. local time at Neonode's principal executive office located at Karlavägen 100, 115 26 Stockholm, Sweden, to provide its stockholders additional time to vote on the proposals described in the proxy statement filed with the Securities and Exch
STOCKHOLM, May 22, 2024 /PRNewswire/ -- Neonode Inc. (NASDAQ:NEON) is pleased to announce the first license agreement for its Touch Sensor Module ("TSM") technology following the decision in December 2023 to transform its TSM business to a licensing business model. YesAR has selected the Neonode TSM technology for the development and manufacturing of holographic infotainment solutions. The agreement includes an upfront technology access fee and future royalties. To further strengthen its offering, YesAR, a Chinese pioneer in the development of holographic display technology and a provider of a new generation of intelligent display and interactive systems, will license the Neonode Touch Sens
STOCKHOLM, May 8, 2024 /PRNewswire/ -- Neonode Inc. (NASDAQ:NEON) ("Neonode" or the "Company") today reported financial results for the three months ended March 31, 2024. FINANCIAL SUMMARY FOR THE QUARTER ENDED MARCH 31, 2024: Revenue of $1.0 million, a decrease of 19.1% compared to the same period in the prior year.Operating expenses of $2.9 million, an increase of 3.3% compared to the same period in the prior year.Net loss of $2.1 million, or $0.14 per share, compared to $1.4 million, or $0.09 per share, for the same period in the prior year.Cash used by operations of $1.9 million compared to $1.7 million for the same period in the prior year.Cash and accounts receivable of $15.3 mi
STOCKHOLM, April 10, 2024 /PRNewswire/ -- Neonode Inc. (NASDAQ:NEON) ("Neonode" or the "Company") today announced that Dr. Urban Forssell, following consultation with the Board of Directors, will leave his position as Chief Executive Officer ("CEO") of Neonode effective immediately. The Company's Chief Financial Officer, Fredrik Nihlén, has been appointed interim CEO until a new CEO is appointed. Dr. Forssell will serve as a strategic advisor to the Company and the Board of Directors until the end of 2024. In December 2023, Neonode announced a new, sharpened strategy with full focus on the licensing business and a phase out of its Touch Sensor Module product business through licensing to st
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STOCKHOLM, Oct. 8, 2024 /PRNewswire/ -- Neonode Inc. (NASDAQ:NEON), today announced that Peter Kruk has joined the company's Board of Directors (the "Board") as a Class II director. Peter Kruk currently serves as the Chief Executive Officer and as a board member of NCAB Group AB, a Nasdaq Stockholm-listed company and a leading global producer of printed circuit boards. Mr. Kruk brings extensive experience as a leader in global industrial companies. From 2018 to 2020, Mr. Kruk served as the President of the EMEA region in the Dometic Group and was a member of Dometic Group's management team. From 2009 to 2018, he served as President of Electronics and a member of the executive management tea
STOCKHOLM, Aug. 17, 2022 /PRNewswire/ -- Neonode Inc. (NASDAQ:NEON). This week Neonode welcomes two new senior executives to the company: Dr. Thierry Corman as Vice President Operations and Mrs. Helena Börjesson as Vice President People & Culture. Dr. Corman will assume the role of Vice President Operations, replacing Ulf Mårtensson, who will retire later this year. Dr. Corman has an extensive leadership experience in supply chain, sourcing, and operations, from several industry areas including automotive, electronics and semiconductors. He has established and led supply chain operations in high-tech companies and handled global Sourcing activities in automotive and electronics companies. He
STOCKHOLM, Sweden, May 4, 2021 /PRNewswire/ -- Neonode Inc. (NASDAQ:NEON), today announced the appointment of Anthony Uhrick as Vice President Sales AMER. Mr. Uhrick is an industry veteran with over 20 years of experience in the touch screen industry developing business for early market leaders such as 3M Touch Systems, Planar, and Smart Technologies. His career has focused on emerging interactive technology with extensive experience in developing new markets, creating partner relationships, managing product promotion and launches, and sales channel development. Mr. Uhrick holds a B.Sc. in Business Administration and Finance from California State University, Northridge and a M.Sc. in Environ
STOCKHOLM, March 31, 2021 /PRNewswire/ -- Neonode Inc. (NASDAQ: NEON), today announced the appointment of Fredrik Nihlén as Chief Financial Officer, to become effective on or about August 2, 2021, following a notice period to Mr. Nihlén's current employer. Mr. Nihlén joins Neonode from IFS Sverige AB ("IFS") where he held the position of Finance Director IFS Nordics since 2019. Prior to joining IFS, Mr. Nihlén held the position of Group Chief Financial Officer at Cinnober Financial Technology AB from 2018 to 2019. Before this Mr. Nihlén was with DIBS Payment Services, where he held the position of Head of Finance from 2016 to 2018 and Business Controller from 2013 to 2016. Mr. Nihlén has a
Ladenburg Thalmann initiated coverage of Neonode with a rating of Buy and set a new price target of $16.50
STOCKHOLM, Feb. 20, 2024 /PRNewswire/ -- Neonode Inc. (NASDAQ:NEON), announced today that it will release the financial results for the three months and fiscal year ended December 31, 2023, on Wednesday February 28, 2024. The Company will host a conference call Wednesday February 28, 2024, at 10AM Eastern Time (ET)/4PM Central European Time (CET) featuring remarks by, and Q&A with, Urban Forssell, CEO, and Fredrik Nihlén, CFO. To join the conference call, please use the following link: https://www.redeye.se/events/965900/liveq-neonode-3 For interested individuals unable to join the live event, a digital recording for replay will be available on www.redeye.se. For more information, please c
STOCKHOLM , Aug. 2, 2023 /PRNewswire/ -- Neonode Inc. (NASDAQ:NEON), announced today that it will release the financial results for the three and six months ended June 30, 2023, on Thursday August 10, 2023. The Company will host a conference call Thursday August 10, 2023, at 10AM Eastern Daylight Time (EDT)/4PM Central European Summer Time (CEST) featuring remarks by, and Q&A with, Urban Forssell, CEO, and Fredrik Nihlén, CFO. To join the conference call, please use the following link: https://www.redeye.se/events/920647/live-qneonode. For interested individuals unable to join the live event, a digital recording for replay will be available on https://www.redeye.se. For more information, pl
STOCKHOLM, Nov. 2, 2022 /PRNewswire/ -- Neonode Inc. (NASDAQ:NEON), announced today that it will release the financial results for the third quarter 2022 on Thursday November 10, 2022. The Company will host a conference call Thursday November 10, 2022, at 10AM Eastern Standard Time (EST)/4PM Central European Time (CET) featuring remarks by, and Q&A with, Urban Forssell, CEO, and Fredrik Nihlén, CFO. To join the conference call, please use the following link:https://www.redeye.se/events/847782/live-q-neonode For interested individuals unable to join the live event, a digital recording for replay will be available on https://www.redeye.se. For more information, please contact: Director Marke
STOCKHOLM, Aug. 3, 2022 /PRNewswire/ -- Neonode Inc. (NASDAQ:NEON), announced today that it will release the financial results for the second quarter 2022 on Thursday August 11, 2022. The Company will host a conference call Thursday August 11, 2022, at 10AM Eastern Standard Time (EST)/4PM Central European Time (CET) featuring remarks by, and Q&A with, Urban Forssell, CEO, and Fredrik Nihlén, CFO. To join the conference call, please use the following link: www.redeye.se/events/840076/live-q-neononde or call the dial-in number: +46 8 400 123 24 (international). For interested individuals unable to join the live event, a digital recording for replay will be available on www.redeye.se. For mor
STOCKHOLM, May 4, 2022 /PRNewswire/ -- Neonode Inc. (NASDAQ:NEON), announced today that it will release the financial results for the first quarter 2022 on Wednesday May 11, 2022. The Company will host a conference call Wednesday May 12, 2022, at 10AM Eastern Standard Time (EST)/4PM Central European Time (CET) featuring remarks by, and Q&A with, Urban Forssell, CEO and Fredrik Nihlén, CFO. The dial-in numbers for the conference call are toll-free: (800) 895-3361 (U.S. domestic), +1 (785) 424-1743 (international) or 020 799 847 (Sweden). To access the call, all participants must use the following Conference ID: NEOQ122. Please make sure to call at least five minutes before the scheduled star
STOCKHOLM, Feb. 24, 2022 /PRNewswire/ -- Neonode Inc. (NASDAQ:NEON), announced today that it will release the financial results for the three months and fiscal year ended December 31, 2021, on Wednesday March 10, 2022. The Company will host a conference call Thursday March 10, 2022, at 10AM Eastern Standard Time (EST)/4PM Central European Time (CET) featuring remarks by, and Q&A with, Urban Forssell, CEO, Fredrik Nihlén, CFO, David Brunton, Head of Investor Relations and Alana Gordon, Director Marketing. The dial-in numbers for the conference call are toll-free: (800) 895-3361 (U.S. domestic), +1 (785) 424-1062 (international) or 020 799 847 (Sweden). To access the call, all participants mu
STOCKHOLM, Nov. 3, 2021 /PRNewswire/ -- Neonode Inc. (NASDAQ:NEON), announced today that it will release the financial results for the three and nine months ended September 30, 2021, on Wednesday November 10, 2021. The Company will host a conference call Wednesday November 10, 2021, at 10AM Eastern Standard Time (EST)/4PM Central European Time (CET) featuring remarks by, and Q&A with, Urban Forssell, CEO, Fredrik Nihlén, CFO and David Brunton, Head of Investor Relations. The dial-in numbers for the conference call are toll-free: (800) 895-3361 (U.S. domestic), +1 (785) 424-1062 (international) or 020-799847 (Sweden). To access the call, all participants must use the following Conference ID:
STOCKHOLM, Aug. 4, 2021 /PRNewswire/ -- Neonode Inc. (NASDAQ:NEON), announced today that it will release the financial results for the three and six months ending June 30, 2021, on Wednesday August 11, 2021. The Company will host a conference call Wednesday August 11, 2021, at 10AM Eastern Daylight Time (EST)/4PM Central European Time (CET) featuring remarks by, and Q&A with, Urban Forssell, CEO, Fredrik Nihlén, CFO and David Brunton, Head of Investor Relations. The dial-in numbers for the conference call are toll-free: (800) 895-3361 (U.S. domestic), +1 (785) 424-1062 (international) or 08 420 024 86 (Sweden). To access the call, all participants must use the following Conference ID: #52419
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The Annual Meeting will reconvene on June 25, 2024 at 3:00 p.m. local time at Neonode's principal executive office located at Karlavägen 100, 115 26 Stockholm, Sweden
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