Neonode Q3 comment: Break-even in Q4’16 reiterated
Research Note
2016-11-09
21:51
The share of Neonode initially opened in the red today, following weak Q3 numbers (and likely a quick Donald Trump chock). Neonode reported sales of USD 1.6 million and an EBIT loss of USD –2.1 million, significantly below our estimates of USD 3.3 and -0.9 million. Following a long, informative conference call where Management reiterated its break-even guidance for Q4’16 the share recovered and is right now up 4 percent.
VW
Viktor Westman
Disclosures and disclaimers