Neonode Announces Closing of $9.75 Million Private Placement and Two New Members to Join the Board of Directors

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Go back to Neonode Announces Closing of $9.75 Million Private Placement and Two New Members to Join the Board of Directors

Neonode (NEON) PT Lowered to $3 at Cowen Following 2Q

August 10, 2017 2:03 PM EDT

Cowen lowered its price target on Neonode (NASDAQ: NEON) to $3.00 (from $4.00) while maintaining a Outperform rating following the company's 2Q. NEON reported EPS of $(0.02), compared to the Street's $(0.01), on 23% light revenue and lower GM.

NRE declined $473K, partially offset by $213K... More