Redeye Today: Neonode Q3 preview: Checking off assumptions - numbers of less importance
Neonode will report earnings on November 9 next week. From our point of view, the third quarter is not the turning point for the Neonode share as we do not assume levels around break-even before Q4'16. We expect most of the share appreciation to take place following reports of increased profitability in 2017. We estimate sales in Q3 of USD 3.
3 million and a 30 percent lower EBIT loss of USD -0. 9 million (compared to the H1'16 levels) due to higher sales and lower use of consultants. We also see a risk for the report coming in below our estimates depending on how much and how fast Neonode has decided to invest in marketing etcetera regarding the AirBar.