Neonode (NASDAQ:NEON) released its quarterly earnings data on Thursday. The electronics maker reported ($0.03) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.01) by ($0.02), Morningstar.com reports. Neonode had a negative return on equity of 91.54% and a negative net margin of 45.94%. The company had revenue of $3.28 million during the quarter, compared to analysts’ expectations of $2.45 million.
Neonode (NEON) opened at $0.50 on Friday. Neonode has a 52-week low of $0.46 and a 52-week high of $1.80. The company has a current ratio of 3.12, a quick ratio of 2.59 and a debt-to-equity ratio of 0.18.
Several equities research analysts have commented on NEON shares. Zacks Investment Research lowered Neonode from a “hold” rating to a “sell” rating in a research report on Wednesday, November 15th. Cowen restated a “buy” rating and issued a $1.00 price objective on shares of Neonode in a research report on Friday.
Neonode Inc, formerly SBE, Inc, develops and licenses user interfaces and optical infrared touch solutions. The Company’s technology offers multiple features, including the ability to sense an object’s size, depth, velocity, pressure and proximity to any type of surface. It operates through the touch technology licensing business segment.
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