Neonode Q3 comment: Break-even in Q4’16 reiterated

Research Note

2016-11-09

21:51

The share of Neonode initially opened in the red today, following weak Q3 numbers (and likely a quick Donald Trump chock). Neonode reported sales of USD 1.6 million and an EBIT loss of USD –2.1 million, significantly below our estimates of USD 3.3 and -0.9 million. Following a long, informative conference call where Management reiterated its break-even guidance for Q4’16 the share recovered and is right now up 4 percent.

VW

Viktor Westman

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