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Redeye research report puts Neonode share value at USD 3.7 in Base Case

Pressmeddelande   •   Sep 13, 2016 08:23 CEST

Neonode (NASDAQ.NEON) is a human interaction technology company founded in Stockholm 2001. The company has up to now mostly been licensing touch screen technology to customers and has an installed base of more than 38 million units.

In our initial research report on the company, Redeye analysts Viktor Westman and Havan Hanna notes that a major strategic shift from licensing to selling hardware modules will increase the adressable market fivefold as well as dramatically increase revenues and profit per sold unit. We believe this is not fully understood by the market but coming quarters will show the results of this new strategy.

Redeye initiates coverage of Neonode with a long term base case valuation of USD 3.7 per share, a cautious Bear Case of USD 1.2 and an optimistic but still realistic Bull Case of 6.2. Neonode closed yesterday at USD 1.23.

The full research report can be downloaded from our site here

Redeye är specialister på Life Science och Technology. Vi har en ledande marknadsposition inom aktieanalys, Corporate Finance och Corporate Broking. Våra klienter är snabbväxande framtidsföretag på den nordiska marknaden. Vår research utgår från en värdebaserad investeringsfilosofi och en unik ratingmodell. Redeye grundades 1999, är ett auktoriserat värdepappersbolag och står under Finansinspektionens tillsyn.

Redeye is the next generation equity research and investment banking company, specialized in Life Science and Technology. We are the leading providers of Corporate Broking and Corporate Finance in these sectors. Our clients are innovative growth companies in the Nordics and we use a unique Rating model built on a value based investment philosophy. Redeye was founded 1999 in Stockholm and is regulated by the Swedish Financial Authority (Finansinspektionen).