Redeye maintains its estimates ahead of Neonode’s Q4 report on Wednesday, expecting more of the same (i.e. zero-growth and a burn rate on the same level as the previous quarters). However, the company is in an interesting total rebuild phase, which requires rethinking of the case. As Neonode is a completely new company, following the many changes in 2020, we are working on an update of our view, where we will do a total makeover of our assumptions etc. In this note, we provide some samples of our thinking.