Neonode Announces Preliminary Third Quarter 2015 Revenue
October 07 2015 - 7:15AM
Neonode Inc. (NASDAQ:NEON), the optical touch technology company,
today announced its preliminary revenue for the third quarter of
2015.
While the results for the quarter will not be final until
earnings are fully announced in November, management expects that
Neonode’s revenue will range from $2.9 million to $3.1 million for
the three months ended September 30, 2015, an increase of
approximately 156% to 174% compared to the same period in
2014. Neonode’s expected third quarter 2015 revenue includes
license fee revenue estimated to range from $2.0 million to $2.1
million, an increase of approximately 219% to 235% compared to same
period in 2014, and non-recurring engineering (NRE) revenue
estimated to range from $0.9 million to $1.0 million, an increase
of approximately 78% to 98% compared to the same period in
2014.
In addition, Neonode today announced that an All-in-One PC
containing Neonode’s zForce® technology completed a preproduction
build in Taiwan. Neonode believes this All-in-One PC will be the
first of these large screen devices produced by an Original
Equipment Manufacturer (OEM) with Neonode technology to come to
market. “We are pleased to have reached this important
milestone for Neonode and our All-in-One OEM customer,” said Thomas
Eriksson, Neonode’s Chief Executive Officer.
Note: The revenue estimates in this press release are
preliminary based upon the most current information available to
management. Neonode’s actual revenue may differ materially
from these preliminary estimates due to, among other things,
Neonode’s financial closing procedures and the completion of
Neonode’s consolidated financial statements.
Note: This press release contains forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995. These include, but are not limited to,
statements relating to expectations and estimates of revenue and
OEM production of All-in-One PCs. These statements are based on
current assumptions, expectations and information available to
Neonode management and involve a number of known and unknown risks,
uncertainties and other factors that may cause Neonode’s actual
results, levels of activity, performance or achievements to be
materially different from any expressed or implied by these
forward-looking statements. These risks, uncertainties, and
factors are discussed under “Risk Factors” and elsewhere in
Neonode’s public filings with the U.S. Securities and Exchange
Commission from time to time, including Neonode’s Annual report on
Form 10-K, quarterly reports on Form 10-Q, and current reports on
Form 8-K. You are advised to carefully consider these various
risks, uncertainties and other factors. Although Neonode management
believes that the forward-looking statements contained in this
press release are reasonable, it can give no assurance that its
expectations will be fulfilled. Forward-looking statements are made
as of today’s date, and Neonode undertakes no duty to update or
revise them.
About Neonode
Neonode Inc. (NASDAQ:NEON) develops and licenses the next
generation of MultiSensing® touch technologies, allowing companies
to differentiate themselves by making high performing touch and
proximity sensing solutions at a competitive cost. Neonode is at
the forefront of providing unparalleled user experiences that offer
significant advantages for OEM’s. This includes state-of-the-art
technology features such as low latency pen or brush sensing with
high speed scanning, proximity-, pressure-, and depth sensing
capabilities and object-size measuring on any surface.
Neonode’s patented MultiSensing touch technology is developed
for a wide range of devices like wearable’s, notebooks, all-in-one
computers, monitors, mobile phones, tablets and e-readers,
toys and gaming consoles, printers and office equipment and
automotive systems. NEONODE, the NEONODE Logo, ZFORCE and
MULTISENSING are trademarks of Neonode Inc. registered in the
United States and other countries. ZFORCE CORE, ZFORCE PLUS and
ZFORCE DRIVE are trademarks of Neonode Inc. All other trademarks
are the property of their respective owners. For more information
please visit www.neonode.com.
© 2015, Neonode Inc. All rights reserved. Neonode is a
registered trademark of Neonode Inc.
For more information, please contact:
Investor Relations:
David Brunton
Email: david.brunton@neonode.com
CFO
Lars Lindqvist
E-mail: lars.lindqvist@neonode.com
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