Neonode (NEON) to Release Earnings on Thursday

Key Points

• Neonode (NASDAQ: NEON) is set to release its Q2 2025 earnings on August 14, 2023, with analysts predicting a loss of ($0.10) per share and revenue of $0.57 million.
• In its last earnings report, Neonode reported a loss of ($0.11) per share, falling short of expectations, and had a negative net margin of 217.85%.
• Goldman Sachs recently acquired a new position in Neonode, purchasing 48,262 shares, and institutional investors now hold 11.63% of the company's stock.

Neonode (NASDAQ:NEON - Get Free Report) will likely be releasing its Q2 2025 earnings data before the market opens on Thursday, August 14th. Analysts expect Neonode to post earnings of ($0.10) per share and revenue of $0.57 million for the quarter.

Neonode (NASDAQ:NEON - Get Free Report) last announced its quarterly earnings data on Wednesday, May 14th. The electronics maker reported ($0.11) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.08) by ($0.03). Neonode had a negative net margin of 217.85% and a negative return on equity of 38.24%. The business had revenue of $0.51 million during the quarter, compared to analysts' expectations of $0.65 million. On average, analysts expect Neonode to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Neonode Stock Up 1.1%

Shares of Neonode stock traded up $0.25 during trading on Friday, reaching $22.99. The company's stock had a trading volume of 95,932 shares, compared to its average volume of 316,251. Neonode has a 52-week low of $2.44 and a 52-week high of $29.90. The company has a market cap of $385.77 million, a price-to-earnings ratio of -32.38 and a beta of 0.77. The firm's 50-day moving average is $21.38 and its two-hundred day moving average is $13.47.

Institutional Investors Weigh In On Neonode

An institutional investor recently raised its position in Neonode stock. Jane Street Group LLC boosted its position in shares of Neonode Inc. (NASDAQ:NEON - Free Report) by 137.1% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 47,320 shares of the electronics maker's stock after buying an additional 27,358 shares during the quarter. Jane Street Group LLC owned approximately 0.28% of Neonode worth $385,000 as of its most recent filing with the Securities & Exchange Commission. 11.63% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen cut shares of Neonode from a "hold" rating to a "sell" rating in a research note on Thursday, May 22nd.

Neonode Company Profile

Neonode Inc, together with its subsidiaries, develops optical sensing solutions for contactless touch, touch, and gesture sensing in the United States, Japan, South Korea, Germany, Switzerland, France, Sweden, China, and internationally. It also offers software solutions for machine perception to detect and track persons and objects in video streams from cameras and other types of imagers.