Neonode Q2: Decline in printer volumes

Research Note

2017-08-09

18:05

Neonode today, Wednesday, reported a Q2 operating loss of USD -1.2 million (exp. USDm -0.7) explained by a negative sales growth of -10 percent (flatish excluding NRE). Sales amounted to USD 2.3 million compared to our estimates of USD 2.7 million. Our error was likely about 50/50 related to AirBar and printers respectively. Weak AirBar sales in Q2 are not a major surprise but we were not expecting printer volumes to go down by 300 000 (about - 14 %) given the launches from new customers. At best, the decline in printer volumes is a temporary effect related to switching to modules but we have no idea if that is the case.

VW

Viktor Westman

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