Neonode Reports Second Quarter Ended June 30, 2016 Financial Results

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Neonode (NEON) Misses Q2 EPS by 2c

August 9, 2016 8:47 AM EDT

Neonode (NASDAQ: NEON) reported Q2 EPS of ($0.03), $0.02 worse than the analyst estimate of ($0.01). Revenue for the quarter came in at $2.6 million versus the consensus estimate of $3.78 million.

Cash and accounts receivable totaled $1.7 million at June 30, 2016 compared to $7.2 million at December 31, 2014. Common shares on a fully... More