NEON Neonode Inc. featured news, full reports, and detailed charts
Neonode Inc. (NEON/NEON.OB) Wrap Up:
Neonode Inc. provides touch screen solutions for handheld devices worldwide. It offers its touch screen solutions based on zForce, an optical infrared touch screen technology that supports one-handed navigation allowing the user to operate the functionality with finger gestures passing over the screen; and Neno, a hardware and software technology, and software based user interface. The company?s touch screen solutions include sensor design, module layout, and software features for which it provides design support and device testing services. It offers touch screen interface technologies that enrich the user?s experience in interacting with the user?s mobile computing, communications, and entertainment devices. Neonode primarily sells its products to original equipment manufacturers and their contract manufacturers through distributors, as well as directly to end-users through Web sales channels. The company was founded in 2004 and is headquartered in Stockholm, Sweden.Neonode, Inc. (NEON:OTC Bulletin Board Market)
Snapshot of Neonode, Inc. (NEON)
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OPEN
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PREVIOUS CLOSE
$0.02
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DAY HIGH
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DAY LOW
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52 WEEK HIGH
12/31/08 - $0.08
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52 WEEK LOW
11/3/09 - $0.01
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MARKET CAP
9.9M
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AVERAGE VOLUME 3 mo
20.3K
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DILUTED EPS TTM
$0.63
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SHARES OUTSTANDING
411.5M
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NEON Does Not Pay Dividends
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P/E TTM
0.0x
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NEON Top Compensated Officers
Executives, Board Directors
Key developments for Neonode, Inc. (NEON)
On September 10, 2009, Neonode Inc. received notice from Susan Major of her resignation from Neonode's Board of Directors, including his position on Neonode's audit committee, compensation committee, and nominating and governance committee. Ms. Major's resignation becomes effective on September 15, 2009. Ms. Major's resignation is not the result of any disagreement with Neonode on any matter relating to Neonode's operations, policies or practices. Ms. Major will continue to serve as an advisor to the company. The company appointed Thomas Eriksson to the Board effective September 15, 2009. Mr. Eriksson has served as the Chief Executive Officer of Neonode Technologies AB, a wholly owned subsidiary of the company, since January 1, 2009.
Neonode Inc. announced the launch of SAT(TM) (Selected Area Touch). SAT uses part of the touch area for touch activation and dramatically reduces the cost for typical applications. All of Neonode's products, including SAT(TM), are based on zForce(TM) optical touch screen technology that enables multi-finger scrolling, zooming, gestures pivot rotate, flick, and press. zForce(TM) does not use an overlay on top of the display window therefore the screen quality can be sustained. SAT(TM) makes it possible for manufacturers of hand held devices and devices with small to midsized screens to incorporate extremely cost competitive touch screen solutions into their products.
Neonode Inc. announced design wins with two customers who are integrating its ClearTouch(TM) optical touch screen solution into prototypes for home appliance products including digital picture frames and MIDs (Mobile Internet Device). The first product prototype is expected to be completed in the third quarter of 2009. To qualify as a design win a customer product must have a projected annual sales volume of a minimum of 100,000 units and the product development project based on the Neonode software and IP must have started.
NEON Competitors
| Company | Last | Change |
| Garmin Ltd | $31.50 USD | -0.98 |
| Palm Inc | $11.63 USD | -0.54 |
| Synaptics Inc | $25.07 USD | -0.54 |
| Zytronic | 170.96 GBX | -3.04 |
| Market data is delayed at least 20 minutes. | ||
Industry Analysis
| Valuation | NEON | Industry Range |
| Price/Earnings | 0.3x |
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| Price/Sales | 2.0x |
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| Price/Book | NM | Not Meaningful |
| Price/Cash Flow | 0.7x |
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| TEV/Sales | 2.0x |
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NEON |
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NEON transactions
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Private Placement
August 25, 2009 |
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More Recent News About Neonode Inc.
More news for NEON
NEONODE, INC Financials
PERIOD ENDING30-Sep-0930-Jun-0931-Mar-0931-Dec-08Total Revenue - - - 4,353 Cost of Revenue - - - 1,136 Gross Profit - - - 3,217 Operating ExpensesResearch Development171 211 221 41 Selling General and Administrative912 (1,268)2,088 674 Non Recurring - - - - Others1,584 3,168 - - Total Operating Expenses - - - - Operating Income or Loss(2,667)(2,111)(2,309)2,502 Income from Continuing OperationsTotal Other Income/Expenses Net(975)10 (2,795)23,410 Earnings Before Interest And Taxes(3,642)(2,101)(5,104)25,912 Interest Expense14 3 3 92 Income Before Tax(3,656)(2,104)(5,107)25,820 Income Tax Expense - - - - Minority Interest - - - - Net Income From Continuing Ops(3,656)(2,104)(5,107)25,820 Non-recurring EventsDiscontinued Operations - - - - Extraordinary Items - - - - Effect Of Accounting Changes - - -...Click here to read the whole Article (external link)
NEONODE, INC Files SEC form 10-Q, Quarterly Report
Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations Forward Looking Statements The following Management's Discussion and Analysis of Financial Condition and Results of Operations contains forward-looking statements that involve risks and uncertainties. Words such as "believes," "anticipates," "expects," "intends" and similar expressions are intended to identify forward-looking statements, but are not the exclusive means of identifying such statements. Readers are cautioned that the forward-looking statements reflect our analysis only as of the date hereof, and we assume no obligation to update these statements. Actual events or results may differ materially from the results discussed in or implied by the forward-looking statements. Factors that might cause such a difference include, but are not limited to, those risks and uncertainties set forth under the caption "Risk Factors" below. The following discussion should be read in conjunction with the condensed consolidated financial statements and the notes thereto included in Item 1of this Quarterly Report on Form 10-Q and financial statements for the year ended December 31, 2008. Overview We specialize in user-friendly touchscreen interface solutions for hand-held devices, based on our innovative optical technology and products, which we refer to as zForce™, ClearTouch™ and SAT™. Our mission is to make the easiest (to use and integrate), best (functionality and design) and most cost effective touch screen solution for handheld and small devices such as Digital Picture Frames (DPF), Mobile Internet Devices (MID), eBook readers, Personal Navigation Devices (PND) or Global Positioning Systems (GPS), Mobile Phones and Notebook PC's to name a few. We work with Original Equipment Manufacturers (OEM's) and Original Design Manufacturers (ODM's) to embed our touch screen solutions into their products. These ...Click here to read the whole Article (external link)
NEONODE, INC Financials
Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback Quotes delayed, except where indicated otherwise.Delay times are 15 mins for NASDAQ, 20 mins for NYSE and Amex. See also delay times for other exchanges.Fundamental company data provided by Capital IQ. Quotes and other information supplied by independent providers identified on the Yahoo! Finance partner page. Quotes are updated automatically, but will be turned off after 25 minutes of inactivity. Quotes are delayed at least 15 minutes. Real-...Click here to read the whole Article (external link)
NEONODE, INC Files SEC form 8-K, Change in Directors or Principal Officers
Show all filings for NEONODE, INC | Request a Trial to NEW EDGAR Online Pro Form 8-K for NEONODE, INC 15-Sep-2009Change in Directors or Principal Officers Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" for informational purposes only, not intende...Click here to read the whole Article (external link)
NEONODE, INC Files SEC form 8-K, Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Shee
Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of the Registrant On August 25, 2009, the Board of Directors of the Registrant approved the Registrant's entering into convertible loan agreements, and issuing notes and warrants relating thereto, to obtain an aggregate loan of up to $1,250,000 (the "Loan Amount") from several private lenders and Iwo Jima SARL, a company controlled by our Chairman and Chief Executive officer, Mr. Per Bystedt ("Lenders"). The Loan Amount bears interest at a rate of seven percent (7%) per annum and matures on December 31, 2010. In the event that the Loan Amount and accrued interest is not repaid by the Registrant by December 31, 2010 and the Lenders have not previously converted the Loan Amount, the Lenders' sole remedy for such non-payment shall be the payment of additional annual interest at a rate of 10% per year. The accrued interest will be payable on June 30th and December 31st of each year. The Loan Amount is secured by a security interest in the intellectual property owned by the Registrant. The Loan Amount is expected to be used for the Registrant's working capital needs. Contemporaneously with entering into the convertible loan agreements, the Registrant also issued a note (the "Note") and warrants (the "Warrants") to each Lender. The Note provides that each of the Lenders shall have at any time prior to the repayment of its loan amount the option to convert its portion of the Loan Amount into fully-paid and non-assessable restricted shares of common stock of the Company, at a price of $0.02 per share. The Note includes an adjustment clause wherein in the event that the Registrant issues additional common stock of the Registrant at a price per share less than $0.02 per share at a subsequent round of financing prior to the repayment of the Loan Amount, the conversion price for the restricted shares of stock will be reduced, for no addition...Click here to read the whole Article (external link)
NEONODE, INC Files SEC form 10-Q, Quarterly Report
Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations Forward Looking Statements The following Management's Discussion and Analysis of Financial Condition and Results of Operations contains forward-looking statements that involve risks and uncertainties. Words such as "believes," "anticipates," "expects," "intends" and similar expressions are intended to identify forward-looking statements, but are not the exclusive means of identifying such statements. Readers are cautioned that the forward-looking statements reflect our analysis only as of the date hereof, and we assume no obligation to update these statements. Actual events or results may differ materially from the results discussed in or implied by the forward-looking statements. Factors that might cause such a difference include, but are not limited to, those risks and uncertainties set forth under the caption "Risk Factors" below. The following discussion should be read in conjunction with the condensed consolidated financial statements and the notes thereto included in Item 1 of this Quarterly Report on Form 10-Q and financial statements for the year ended December 31, 2008. Overview We specialize in user-friendly touchscreen solutions for hand-held devices, based on our innovative optical technology and products, which we refer to as zForce™, ClearTouch™ and SAT™. Our mission is to make the easiest (to use and integrate), best (functionality and design) and cheapest touch screen solution for handheld and small devices. Through our wholly owned subsidiary, Neonode AB, we developed our touchscreen technology and an optical touchscreen mobile phone product, the Neonode N2 that provided a unique user experience that did not require any keypads, buttons or other moving parts. On December 1, 2008, we transferred the Neonode AB intellectual property including patents, copyrights and trademarks f...Click here to read the whole Article (external link)
NEONODE, INC Files SEC form 8-K, Change in Directors or Principal Officers
Show all filings for NEONODE, INC | Request a Trial to NEW EDGAR Online Pro Form 8-K for NEONODE, INC 8-Jun-2009Change in Directors or Principal Officers Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" for informational purposes only, not intended ...Click here to read the whole Article (external link)
NEONODE, INC Files SEC form 10-K, Annual Report
ITEM 7. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS The following Management's Discussion and Analysis of Financial Condition and Results of Operations contains forward-looking statements that involve risks and uncertainties. Words such as "believes," "anticipates," "expects," "intends" and similar expressions are intended to identify forward-looking statements, but are not the exclusive means of identifying such statements. Readers are cautioned that the forward-looking statements reflect our analysis only as of the date hereof, and we do not assume any obligation to update these statements. Actual events or results may differ materially from the results discussed in or implied by the forward-looking statements. The following discussion should be read in conjunction with the company's financial statements for the years ended December 31, 2008 and 2007 and the related notes included therein. Overview We specialize in user-friendly touchscreen solutions for hand-held devices, based on our innovative optical technology, which we refer to as zForce™. Our mission is to make the easiest (to use and integrate), best (functionality and design) and cheapest touch screen solution for handheld devices. Through our wholly owned subsidiary, Neonode AB, we developed our touchscreen technology and an optical touchscreen mobile phone product, the Neonode N2 that provided a unique user experience that did not require any keypads, buttons or other moving parts. On December 1, 2008, we transferred the Neonode AB intellectual property including patents, copyrights and trademarks from Neonode AB to Neonode inc. pursuant to an intercompany debt pledge agreement. On December 9, 2008, Neonode AB filed for liquidation under the Swedish bankruptcy laws. Neonode AB had a total of approximately 10,000 N2 mobile phones in inventory at the time of its bankruptcy filing. Effective with Neonode AB's bankrupt...Click here to read the whole Article (external link)
NEONODE, INC Financials
Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback Historical chart data and daily updates provided by Commodity Systems, Inc. (CSI). International historical chart data and daily updates provided by Morningstar, Inc. Fundamental company data provided by Capital IQ. Quotes and other information supplied by independent providers identified on the Yahoo! Finance partner page. Quotes are updated automatically, but will be turned off after 25 minutes of inactivity. Quotes are delayed at least 15 minutes. R...Click here to read the whole Article (external link)
NEONODE, INC Files SEC form 8-K, Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Tran
Show all filings for NEONODE, INC | Request a Trial to NEW EDGAR Online Pro Form 8-K for NEONODE, INC 5-Jan-2009Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Tran Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is...Click here to read the whole Article (external link)
