Neonode: Signs USD 11+ million contract within automotive

Research Note

2016-10-14

19:45

Today, Friday, it was announced that Neonode has signed a contract worth over USD 11 million with a US automotive OEM, implying over 700 000 modules in total according to our ASP calculations. The contract is related to sensor modules for vehicle entry systems. Converting to modules is a core part of our investment case as we expect modules to contribute with over twice as high gross profit compared to licenses. This is the second automotive deal within modules, following the tailgate sensors contract during Q2, and we expect many more to come.

VW

Viktor Westman

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