NEON Earnings Prediction
The chart below shows how NEON performed 10 days before and after its earnings report, based on data from the past quarters. Typically, NEON sees a -31.82% change in stock price 10 days leading up to the earnings, and a +1.24% change 10 days following the report. On the earnings day itself, the stock moves by +0.00%. This data can give you a slight idea of what to expect for the next quarter's release.
NEON Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
993.00K
-46.87%
18.21%
Gross Margin
-326.08%
-564.17%
--
Operating Margin
-613.80%
811.22%
307.89%
Net Margin
-596.68%
865.50%
371.94%
EPS
-0.39
-387.50%
387.50%
No Data Available
NEON Earnings Analysis
Neonode Inc. Corporation (NEON.O) Earnings Conference Call
Positive
Positive Point: Despite challenges in 2023, Neonode is focusing on technology licensing as its core strategy moving forward. This strategic shift aims to reduce operational complexity and leverage the company's strong licensing DNA, enhancing market fit and potential for growth.
Positive Point: In the Automotive sector, Neonode secured a breakthrough driver monitoring software award from a leading commercial vehicle manufacturer in Q4 2023. This success has generated momentum for 2024 and beyond, with strong interest from other automotive customers and potential for additional revenue streams.
Positive Point: Neonode is actively marketing and selling its touchless features for interactive kiosks, elevators, printers, and Medtech devices in the IT & Industrial sector. The company aims to exceed previous sales volumes for Touch Sensor Modules (TSM) in the first half of 2024 before phasing out its Products business.
Positive Point: Neonode is expanding its offerings in Automotive, with a focus on head-up display obstruction detection and touch solutions for infotainment displays. The company's scalable software platform is attracting interest from vehicle manufacturers and Tier 1 suppliers, positioning Neonode for growth and new opportunities in the automotive industry.
Positive Point: Neonode's participation in key trade shows like CES and NRF in early 2024 has generated new contacts and leads, providing a foundation for future business development and growth. The company enters 2024 with momentum and a strong outlook for continued success in key market sectors.
Negative
Negative:
- Decrease in total revenue by 22% compared to 2022, with license revenues down by 15% and product revenues down by 38%
- Operating expenses increased by 5% to $10.7 million in 2023, impacting the overall net loss of $10.1 million
- Struggling sales volumes for touch sensor modules due to weak demand post-COVID-19, leading to the decision to phase out the Products business
- Disappointment over the decrease in sales revenues for 2023, especially in the printer and touch sensor module sectors
- Impairment loss of $3.6 million in inventory and purchase commitment affecting the cost of revenues, with efforts to recover the loss by selling components to potential license customers
