Yahoo Finance Neonode Inc. (NASDAQ:NEON) Q4 2023 Earnings Call Transcript
Neonode Inc. (NASDAQ:NEON) Q4 2023 Earnings Call Transcript February 29, 2024
Neonode Inc. isn’t one of the 30 most popular stocks among hedge funds at the end of the third quarter (see the details here).
Jesper Von Koch: Hi, and welcome to Neonode's Q4 2023 Earnings Call. Today, we'll start with a brief company presentation and a review of the Q4 results by the company's CEO, Urban Forssell; and CFO, Fredrik Nihlén. And then we'll move over to a Q&A session with me and the company's other analysts participating. So with that said, I leave the word over to CEO, Urban Forssell. Welcome.
Urban Forssell: Thank you very much, Jesper. And also from my side, welcome to this Q4 and full year 2023 earnings call. Today's presenter will be me, myself, Urban Forssell, CEO; and with me here on stage in just a few minutes, Fredrik Nihlén, our CFO. We have a pretty short agenda today. We have a brief, brief introduction and then I will go through two slides summarizing strategic and operational developments in 2023. Next, I will give the word to Fredrik who will summarize the financial results for 2023. And then I will come back and give you a strategy update, which also would include current status update and some comments about the rest of this year. So with that said, as part of the introduction, I would like you to take a minute to read this legal disclaimer.
And while you read, I will summarize this disclaimer in the following way. This presentation contains and related oral and written statements of Neonode Incorporated, the company and its management may contain forward-looking statements. Forward-looking statements include information about current expectations, strategy plans, potential financial performance or future events. They may also include statements about market opportunity and sales growth, financial results, use of cash, product development and introduction, regulatory matters and sales efforts. Forward-looking statements are based on assumptions, expectations and information available to the company and its management and involve a number of known and unknown risks, uncertainties and other factors that may cause the company's actual results levels of activity, performance or achievements to be materially different from an expressed or implied by these forward-looking statements.
Prospective investors are advised to carefully consider these various risks, uncertainties and other factors. Any forward-looking statements included in this presentation are made as of today's date. The company and its management undertake no duty to update or revise forward-looking statements. This presentation has been prepared by the company based on its own information as well as information from public sources. Certain of the information contained herein may be derived from information provided by industry sources. The company believes such information is accurate and that the sources from which it has been obtained are reliable. However, the company has not independently verified such information and cannot guarantee the accuracy of such information.
Thank you for your patience. And with that said, I move directly to the next point, summary of 2023. So throughout 2023, we continue to operate in our two business areas that we have been operating in the last few years. Namely, one, focusing on Technology Licensing and the other one focusing on Product Sales. We illustrate these with a green color on the left for the Licensing business and the blue color on the right for the Products business. As we show here, the main target sectors in our Licensing business is and has been printers and different types of automotive customers. We offer solutions based on two technology platforms, zForce and MultiSensing, and the business we employ in our licensing business is to work with the customers to integrate and adapt our solutions to their platforms.
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