Neonode (NASDAQ:NEON) First Quarter 2024 Results
Key Financial Results
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Revenue: US$1.01m (down 19% from 1Q 2023).
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Net loss: US$2.08m (loss widened by 46% from 1Q 2023).
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US$0.14 loss per share (further deteriorated from US$0.094 loss in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Neonode Earnings Insights
Looking ahead, revenue is forecast to grow 32% pa on average during the next 3 years, compared to a 6.2% growth forecast for the Electronic industry in the US.
Performance of the American Electronic industry.
The company’s shares are up 21% from a week ago.
Risk Analysis
Don’t forget that there may still be risks. For instance, we’ve identified 3 warning signs for Neonode that you should be aware of.
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