Neonode Inc. (NASDAQ:NEON) developer of user interfaces and optical interactive touch solutions, is reporting third quarter earnings results on Tuesday 10th November 2020, before market open.
The consensus estimates from Thomson Reuters are loss of $ 0.14 per share.
For the full year, analysts predict revenues of $ 6.00 million, while looking forward to loss of $ 0.46 per share.
Previous Quarter Performance
Neonode Inc. unwinded loss for the second quarter of $ 0.18 per share, from the revenue of $ 0.76 million. The quarterly revenues fell 62.00 percent compared with the same quarter last year. According to street consensus, NEON was expected to report 2Q20 loss of $ 0.11 per share from revenue of $ 1.00 million. The bottom line results missed street analysts by $ 0.07 or 63.64 percent, at the same time, top line results fell short of analysts by $ 0.24 million or 24 percent.
Stock Performance
Shares of Neonode Inc. traded low $ -0.82 or -9.27 percent on Monday, reaching $ 8.03 with volume of 163.60 thousand shares. Neonode Inc. has traded high as $ 9.00 and has cracked $ 7.86 on the downward trend
According to the previous trading day, closing price of $ 8.03, representing a 711.93 % increase from the 52 week low of $ 1.09 and a 31.92 % decrease over the 52 week high of $ 13.00.
The company has a market capital of $ 86.59 million and is part of the Technology sector and Electronic Components industry.
Conference Call
Neonode Inc. will be hosting a conference call at 10:00 AM eastern time on 10th November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.neonode.com
Neonode Inc., together with its subsidiaries, develops and licenses user interface and optical interactive touch solutions under the zForce brand in the United States, Japan, Germany, China, Taiwan, South Korea, and internationally. It develops optical touch and gesture solutions for human interaction with devices. The company licenses its touch technology to original equipment manufacturers and Tier 1 suppliers.
