Neonode (NASDAQ:NEON) Releases Earnings Results, Beats Expectations By $0.02 EPS

Neonode (NASDAQ:NEON) issued its quarterly earnings results on Thursday. The electronics maker reported ($0.07) earnings per share for the quarter, beating the consensus estimate of ($0.09) by $0.02, FiscalAI reports. Neonode had a negative return on equity of 32.35% and a net margin of 397.84%. The firm had revenue of $0.54 million during the quarter, compared to the consensus estimate of $0.88 million.

Neonode Stock Performance

Shares of NEON stock traded down $0.07 on Thursday, hitting $0.63. The company had a trading volume of 97,908 shares, compared to its average volume of 57,699. Neonode has a twelve month low of $0.56 and a twelve month high of $2.48. The company has a 50-day moving average price of $0.80 and a 200-day moving average price of $1.22.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Neonode in a research report on Friday, September 11th. One investment analyst has rated the stock with a Sell rating. According to data from MarketBeat, the stock currently has a consensus rating of “Sell”.

Neonode Company Profile

Neonode Inc. (NASDAQ:NEON) is a Swedish technology company that develops optical sensing solutions for touch, gesture control and object detection. Its technology is designed to enable interactive interfaces without relying exclusively on conventional capacitive touchscreens or mechanical controls. The company’s products include zForce optical sensing modules and related software, which use infrared light to detect touch, hand movements and other interactions. Neonode provides these solutions for applications in automotive systems, consumer electronics, industrial equipment, office devices and other embedded products.