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Neonode Inc Down 3.64% To $1.59 After Earnings

Wednesday, February 28, 2024 02:45 PM | InvestorsObserver Analysts

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Neonode Inc Down 3.64% To $1.59 After Earnings

Neonode Inc (NEON) said before open Wednesday that it lost $0.39 per share in quarter four 2023. The company reported $993 thousand in revenue

In the same quarter a year ago, the company lost $0.09 per share on revenue of $1.9 million.

The stock is down 3.64% to $1.59 after the report.

Despite Neonode Inc reporting a decline in revenues, earnings increased signaling a rise in profit margins.

InvestorsObserver gives the stock a Bullish Sentiment score at the moment based on recent trading.

Neonode Inc has performed a little below average during the past few months. Before the report, Neonode Inc received a Long-Term Technical Rank by InvestorsObserver of 27, putting it in the bottom half of stocks. The firm set a 52-week low on October 31, 2023 at $1.02 and set a 52-week high on June 2, 2023 at $8.97.

Neonode Inc develops advanced optical sensing solutions for contactless touch, touch, gesture sensing, and in-cabin monitoring. Its trademarks include zForce, MultiSensing, AirBar and others. Its business areas are HMI Solutions which offers bespoke touch and gesture sensing solutions based on infrared-based zForce technology, HMI Products business which manufactures and sells standardized touch sensor modules that can be used to create contactless touch interfaces to elevator control panels, keypads, displays, and other human-machine interfaces, and Remote Sensing Solutions. The group derives revenue from the United States and other countries, of which key revenue is derived from the United States.

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