More heavy lifting for Neonode Inc. (NASDAQ:NEON)?

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Neonode Inc. (NASDAQ:NEON) has announced EPS of $(0.01) for its most recent quarter. For the current quarter, analysts are expecting EPS to come to $-0.0033.

The EPS that Neonode Inc. has reported for the most recent quarter stemmed from sales of of 2.87M%, which grew -0.03%% from a year-ago period.

To generate the revenue, Neonode Inc. incurred direct expenses amounting to $325,000, being the cost of goods sold or cost of sales. After subtracting the cost of sales from the proceeds, the company ended up with gross profit of $2.54M.

Recently, Neonode Inc. (NASDAQ:NEON) has announced that its AirBar touchscreen sensor is now available through Dell.com, a global leader in innovative computing products.

Let?s look into the technical of the stock

The Barchart Technical Opinion rating is a 96% Sell with a Strengthening short term outlook on maintaining the current direction. Longer term, the trend strength is Maximum. Long term indicators fully support a continuation of the trend.

Because the company incurred other expenses in the course of its operations, subtracting those from the gross profit and dividing the difference by the number of shares outstanding yielded the reported revenue of $(0.01). Investors should keep in mind that Neonode Inc. exited the latest quarter with diluted shares outstanding amounting to 48.84M.

Neonode Inc.’s debt exiting the latest quarter amounted to 228,000%, implying that the debt grew/declined by falling from the previous period.

What is Neonode Inc.’s liquidity situation and can it continue funding its operations? The company exited the latest quarter with cash balance of 3.48M%, having generated free cash flow of $(2.67M) during the quarter. Net cash flow from operations during the quarter was $(2.54M), leading to net change in cash of $(2.8M).

What about the health of the company?s balance sheet? Neonode Inc. had total assets of $9.7M at the end of the most recent quarter, while total liabilities amounted to $5.57M.

As for the Wall Street sentiment regarding the stock, some 2 analysts have commented on Neonode Inc. so far, giving it an average analyst recommendation of Buy. Investors should understand that a recommendation of 1 up to 1.24 indicates the stock is a BUY, which recommendation of 2.75 up to 3.00 signifies a stock is a SELL.

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