Neonode: Steps in the right direction
Research Update
2018-03-13
07:30
Neonode's Q4 message was: focus on closing near-term deals, cost control and shifting from speculative non-core areas to customer driven projects. We believe these changes are good steps in the right direction but the fact that they are needed also shows that Neonode's focus has not been what we thought it was. Consequently, we have been forced to make significant downward revisions in our estimates and valuation - once again.
VW
HH
Viktor Westman
Havan Hanna
Disclosures and disclaimers