Neonode: No sense of growth yet
Research Update
2018-08-15
07:30
The outcome of Neonode's Q2 was once again considerably lower than our estimates. The main problem though, in our opinion, is that steering wheel sales will not come in for another 3-4 years. The negative effect on our valuation is large, given the higher ASP of the steering wheel solution. The sensor module projects are many but just like the steering wheels they have not come as far we would have expected by now.
VW
HH
Viktor Westman
Havan Hanna
Disclosures and disclaimers