Neonode Q4 preview: Strong AirBar demand & Automotive bouncing back

Research Note

2017-03-06

06:33

For Neonode’s year-end report for 2016, on Thursday March 9, we have not revised our estimated sales of USD 3.5 million, even though sales of the customers’s car models has been strong. Weak Q3 sales of the BaoJun 560 will likely affect Neonode’s Q4 license revenue but in Q4 BaoJun 560 sales were up almost 80 percent sequentially, as its (non-Neonode-related) production problems had been solved. We expect a Q4 loss of around USD -1 million since the addition of AirBar sales channels seems to have taken a few weeks longer than planned and sales therefore started ramping a bit later than we initially thought.

VW

Viktor Westman

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