Neonode Inc. Insider Purchases 10,000 Shares

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Aug 11, 2015

Lars Lindqvist (Insider Trades), CFO of Neonode Inc. (NEON), bought 10,000 shares of the company on Aug. 11. The average price per share was $2.60, for a total transaction of $26,000. Neonode Inc. develops and licenses patent MultiSensing touch technology that allows companies to make touch and proximity sensing solutions at a competitive cost. MultiSensing touch technology is developed for a wide range of products including wearable’s, notebooks, all-in-one computers, monitors, and more. The company’s market cap is $104.37 million, and P/S ratio is 18.24.

Lindqvist made 3 transactions, all buys, totaling 35,000 shares of the company since April 2012. NEON Director, Mats Dahlin (Insider Trades), also bought 10,000 shares of the company on Aug. 10. The average price per share was $2.61. Dahlin bought 236,000 shares of the company in 10 transactions, and sold 461,724 shares in 13 transactions since April 2012. Dahlin’s earliest insider buy decreased about 30% since the purchase in May 2014. The average price per share at the time of purchase was $3.77. The number of NEON insider buys increased, while the volume of NEON insider buys decreased from 2013 to August 2015. There was one insider buy of 15,000 shares in 2013, and 6 insider buys of 110,000 shares of the company from January to the beginning of August 2015. There were no insider sells of the company in 2014. 03May20171020241493824824.png 03May20171020251493824825.png

For more information about insider transactions with Neonode Inc., click here.

Neonode Inc. reported net loss of $1.792 million, or $0.04 per share, in the second quarter of 2015, which is up 221% from -$3.874 million, or $0.10 per share, in the second quarter of the previous year. Net revenue also increased during this period of time from $865,000 in the second quarter of 2014, to $2.776 million in the second quarter of 2015. Revenue increased 53.17%, and net income decreased 17.03% since 2010. 03May20171020251493824825.png 03May20171020261493824826.png The company attributes the 221% increase in revenue from the second quarters of 2014 to 2015 to the increased licensing fees from Amazon E-Readers, HP printers, and in-car infotainment systems. The license fee revenue distribution for the second quarter of 2015 was 51% printers, and 11% and 38% for automotive and E-Readers. In the corresponding quarter of 2014, e-readers made up most of the license fee revenue at 80%, with printers making up the remaining portion. Neonode also signed a development and license agreement for printers with Samsung Electronics on June 4, and passed all Microsoft Windows 10 certification tests. Neonode CEO Thomas Eriksson stated that the company made “agreements with and are working on deploying our technology in printers from 4 of the top 5 global printer companies.” According to GuruFocus.com data, Neonode Inc. has a business predictability rank of 1 out of 5 stars. For more information about business predictability rank, click here.

One guru reduced stake in the company in the second quarter of 2015. Chuck Royce (Trades, Portfolio) (Trades, Portfolio) of Royce & Associates sold 301,800 shares of NEON for an average price of $3.79. This transaction reduced the holding with the company by 24.30%. The total estimated gain of the holding is -24% since the third quarter of 2013. For more information about guru transactions with Neonode Inc., click here.

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