Neonode Inc Intrinsic Value Calculator – Neonode Inc Reports FY2023 Q2 Earnings Results as of June 30 2023
August 26, 2023
🌥️Earnings Overview
On August 10 2023, NEONODE INC ($NASDAQ:NEON) reported their FY2023 Q2 earnings results as of June 30 2023. Total revenue for the quarter was USD 1.2 million, a decrease of 5.5% compared to the same period in the prior year, while net income was slightly lower at USD -1.5 million compared to -1.6 million in Q2 of the prior year.
Share Price
On Thursday, NEONODE INC released its quarterly earnings report for Q2 of FY 2023, ending on June 30, 2023. The report showed that NEONODE INC’s stock opened at $2.1 and closed at $2.0. This was a heavy 5.3% drop in the stock’s closing price the previous day of $2.1, an indication that investors are not as optimistic about the company’s future. This indicates that the company has not been able to keep up with its competition when it comes to sales and revenue growth. In addition to the decrease in revenue, the company also reported an increase in net losses, which amounted to $1.5 million in the second quarter compared to $1 million in the first quarter. While this is an alarming trend, NEONODE INC is confident that their investments in new technologies and innovative products will soon start to pay off and result in improved financial performance in the near future. Overall, NEONODE INC has had a difficult start to FY2023’s second quarter but is optimistic that their new product offerings and investment strategies will lead to improved financials in the near future.
However, investors are still skeptical of the company’s future performance and have responded by driving NEONODE INC’s stock price down 5.3% from its previous day’s closing price. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Neonode Inc. More…
| Total Revenues | Net Income | Net Margin |
| 5.54 | -4.89 | -88.2% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Neonode Inc. More…
| Operations | Investing | Financing |
| -3.91 | -0.04 | 12.42 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Neonode Inc. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 26.3 | 2.01 | 1.58 |
Key Ratios Snapshot
Some of the financial key ratios for Neonode Inc are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 3.6% | – | -97.7% |
| FCF Margin | ROE | ROA |
| -71.3% | -13.5% | -12.9% |
Analysis – Neonode Inc Intrinsic Value Calculator
Here at GoodWhale, we have conducted a thorough analysis of NEONODE INC‘s wellbeing. By using our proprietary Valuation Line, we have determined that the intrinsic value of a NEONODE INC share is around $5.4. Currently, the stock is traded at $2.0, which means it is significantly undervalued by 62.6%. This presents a good opportunity to invest in the company as its stock is priced lower than the intrinsic value. More…
Peers
Neonode Inc is an innovative technology company that faces stiff competition from industry leaders Takamisawa Cybernetics Co Ltd, Sigma Koki Co Ltd, and Wi2Wi Corp. All of these rivals are looking to push the boundaries of technology and bring new products to market, creating a highly competitive environment in the industry. Neonode Inc has made strong strides to remain competitive and has managed to stay ahead of its rivals in terms of market share and innovation.
– Takamisawa Cybernetics Co Ltd ($TSE:6424)
Takamisawa Cybernetics Co Ltd is a technology company based in Japan that specializes in the development and manufacture of innovative industrial automation products and systems. It has a market capitalization of 5.67 billion as of 2023, indicating that there is strong investor confidence in the company. It also has a return on equity (ROE) of 7.12%, which is a measure of the profitability of a company and how effectively it uses shareholders’ equity to generate profits. This shows that Takamisawa Cybernetics Co Ltd is a profitable company and is able to reward its shareholders with good returns.
– Sigma Koki Co Ltd ($TSE:7713)
Sigma Koki Co Ltd is a Japanese-based industrial machinery and equipment manufacturing company. It provides a broad range of products for customers in various industries including automotive, electronics, medical, and food. As of 2023, Sigma Koki Co Ltd has a market cap of 11.08B, reflecting the market’s confidence in the company’s products and services. Additionally, the company has been able to generate a Return on Equity (ROE) of 6.68%, indicating that it has been able to use its shareholders’ equity efficiently and increase its profits relative to that equity. This speaks to the company’s ability to create value for its shareholders.
– Wi2Wi Corp ($TSXV:YTY)
Wi2Wi Corp is a global designer and provider of advanced wireless solutions for the aerospace, defense and medical markets. The company has a market capitalization of 3.06M as of 2023, which indicates that the company’s stock is relatively small compared to other publicly traded companies. On the other hand, Wi2Wi’s Return on Equity (ROE) of -14.87% is an indication of its financial performance. This suggests that the company is not performing well even when compared to other companies in its sector. It may be worth investigating further to determine why the company is not able to generate a positive return on equity.
Summary
Investing in Neonode Inc has been a difficult decision this quarter. The company reported a 5.5% decrease in total revenue for the quarter ending June 30, 2023, amounting to USD 1.2 million. The net income also showed a slight decrease from -1.6 million to -1.5 million compared to the same period last year.
On August 10, 2023, the stock price fell in response to the disappointing earnings report. In light of these results, those looking to invest in Neonode Inc should do so cautiously, considering the current financial situation of the company.
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