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Neonode Inc. (NEON)
NASDAQ:NEON
Holding NEON?
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Earnings Data
Report Date
Mar 06, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-0.12Last Year’s EPS
-0.39Same Quarter Last Year
Moderate Buy
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 08, 2018
|% Change Since: 13.86%
|Next Earnings Date:Aug 09, 2018
Earnings Call Sentiment|Neutral
The earnings call reveals a challenging year for Neonode, marked by significant revenue declines and strategic shifts. However, the company has made a strategic pivot towards technology licensing, which they believe will streamline operations and create future growth opportunities. While the strategic changes and cash position are positive, the overall financial performance for 2023 was disappointing.Company Guidance
During the Neonode Q4 2023 earnings call, it was announced that the company's revenue for 2023 was $4.4 million, reflecting a 22% decrease from 2022. License revenues fell by 15% to $3.8 million due to surplus inventory at customer sites, while product revenues decreased by 38% to $0.6 million, attributed to low demand. Operating expenses rose 5% to $10.7 million, primarily due to increased marketing and payroll costs. The company reported a net loss of $10.1 million for 2023, up from a $4.9 million loss in 2022, influenced by impairment losses and purchase commitments related to the phase-out of their Products business. Despite these challenges, the company has $17.1 million in cash and receivables, an increase of $0.8 million from the previous year. Looking forward, Neonode plans to focus entirely on technology and software licensing, leveraging their strong licensing DNA to drive future growth, and has already secured a significant driver monitoring software award from a commercial vehicle manufacturer, which is expected to provide momentum into 2024.Breakthrough Driver Monitoring Software Award
Neonode announced a significant win in Q4 2023 with a leading commercial vehicle manufacturer for their driver monitoring software, marking a major milestone after several years of development.
Strong Cash Position
Despite a challenging year, Neonode reported $17.1 million in cash and accounts receivable as of December 31, 2023, an increase of $0.8 million from the previous year.
New Strategy Focus on Technology Licensing
Neonode has shifted its focus entirely to technology and software licensing, which is expected to reduce operational complexity and better fit market demands.
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NEON Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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NEON Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 06, 2024 | $7.00 | $6.82 | -2.57% |
| Aug 08, 2024 | $2.55 | $2.59 | +1.57% |
| May 08, 2024 | $2.42 | $2.42 | 0.00% |
| Feb 28, 2024 | $1.65 | $1.55 | -6.06% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Neonode Inc. (NEON) report earnings?
Neonode Inc. (NEON) is schdueled to report earning on Mar 06, 2025, TBA Not Confirmed.
What is Neonode Inc. (NEON) earnings time?
Neonode Inc. (NEON) earnings time is at Mar 06, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is NEON EPS forecast?
NEON EPS forecast for the fiscal quarter 2024 (Q4) is -0.12.
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