Neonode Inc. · NASDAQ:NEON

Neonode — Q1 2021 Earnings Presentation

38 slides from Neonode's earnings presentation, May 12, 2021

Slide 1: Neonode Inc. First Quarter 2021 Presentation
Neonode Inc. First Quarter 2021 Presentation D r . Ur b an F o r s sell, C E O Ms. Maria Ek, CFO Mr. Anthony Uhrick, Vice President Sales AMER Mr. Johan Swartz, Vice President Sales APAC Mr. Jonas Wærn, Vice President Sales EMEA Mr. David Brunton, Head of Investor Relations May 12, 2021
Slide 2: Disclaimer
2 Disclaimer Copyright Neonode © 2001 - 2021 w w w.n e onod e.com NASD A Q: N E ON This presentation contains oral and written statements of Neonode Inc. (“Neonode” or the “Company”) and its management and may contain, forward-looking statements within the meaning of the Private Securities Litigatio
Slide 4: Summary
4 Summary Copyright Neonode © 2001 - 2021 w w w.n e onod e.com NASD A Q: N E ON • We continue to execute on our strategies and build our business pipeline • The demand for contactless touch solutions continues to increase giving us an enormous market opportunity to integrate Neonode technology into
Slide 5: New Sales Organization
5 New Sales Organization • To increase our customer focus and support further growth, we are migrating from a global business area organization to a regional sales organization » Anthony Uhrick, who joined the company last month, will lead our sales work in AMER » Jonas Wærn, who previously led the
Slide 6: Team On This Call
6 Team On This Call Dr. Urban Forssell CEO Ms. Maria Ek CFO Mr. David Brunton Head of IR Mr. Anthony Uhrick VP Sales AMER Mr. Johan Swartz VP Sales APAC Mr. Jonas Wærn VP Sales EMEA Copyright Neonode © 2001 - 2021 w w w.n e onod e.com NASD A Q: N E ON
Slide 8: 1Q 2021 Financial Update - Overview
8 1Q 2021 Financial Update - Overview Total revenues of $ 1 . 7 million compared to $ 1 . 3 million the same quarter previous year 29% Operating expenses of $3.0 million compared to $2.3 million the same quarter previous year 29% Total gross margin of 83% compared to 97% the same quarter previous ye
Slide 9: 1Q 2021 Financial Update – Revenues
9 1Q 2021 Financial Update – Revenues • Revenues from our HMI Solutions business area • $1.3 million for Q1 2021 • Up by 9.9% compared to the first quarter 2020 • The major part is license revenues from our existing customers • Still rebounding from the slow - down in the first half of 2020 due to t
Slide 10: 1Q 2021 Financial Update – Gross Profit/Margin
1 0 1Q 2021 Financial Update – Gross Profit/Margin • The total gross margin was 83% for Q1 2021 compared to 97% Q1 2020 • Higher share of product sales with lower margin • The gross margin for our HMI Solutions business area was 100% for Q1 2021 and 2020 as there were no NRE revenues • The gross mar
Slide 11: 1Q 2021 Financial Update – Operating Expenses and Net Result
1 1 1Q 2021 Financial Update – Operating Expenses and Net Result • Operating expenses Q1 2021 of $3.0 million compared to $2.3 million Q1 2020 • Increase by 29% from Q1 2020 • Decrease by 9% from Q4 2020 • Operating loss Q1 2021 of $1.6 million compared to $1.1 million Q1 2020 • Increase by 50% from
Slide 12: 1Q 2021 Financial Update – Cash
1 2 1Q 2021 Financial Update – Cash • Net cash used in operating activities during Q1 2021 increased by $1.0 million compared to Q1 2020 • Increase in net loss • Capital tied up in inventory • Cash and accounts receivables of $9.5 million as of March 31, 2021 • A shelf registration statement filed a
Slide 15: Earlier Business Area Organization
1 5 Earlier Business Area Organization HMI Products Co nt a c tl es s Ge s t u r e T o u c h Touch Sensing Elevators Interactive Kiosks Other, misc. HMI Solutions ( R u g g e d ) Ge s t u r e Co nt a c tl ess Touch Sensing Touch M i li t a r y & In d u s t r i al Avionics Other, misc. Remote Sensing
Slide 16: Next Step for Improved Efficiency, Effectiveness, and Growth Focus
1 6 Next Step for Improved Efficiency, Effectiveness, and Growth Focus Neonode ”Smart, intuitive, multimodal HMI solutions” Object Detection Touch Contactless Touch Gesture Sensing Scene Anal y sis Medi c al Military Main Elevators Focus Interactive Kiosks Industrial Retail Au t omot iv e Consumer E
Slide 17: New Organization
1 7 New Organization Neonode ”Smart, intuitive, multimodal HMI solutions” Sales APAC Sales EMEA Sales AMER Platform Development & Maintenance Application Development & Customer Support Marketing and Sales Support Business and Technology Partnerships Copyright Neonode © 2001 - 2021 w w w.n e onod e.c
Slide 18: Current Status and Outlook
1 8 Current Status and Outlook Copyright Neonode © 2001 - 2021 w w w.n e onod e.com NASD A Q: N E ON • We feel that we are on the right track and have momentum • The demand for our contactless touch solutions is increasing and our product sales is ramping up • Medium and long term we are also optimi
Slide 20: Anthony Uhrick Resume
2 0 Anthony Uhrick Resume Copyright Neonode © 2001 - 2021 w w w.n e onod e.com NASD A Q: N E ON • 20 year’s sales experience in the touchscreen industry • Career focused on new product introduction • Channel and direct sales development experience • Experience working with Fortune 100 companies and
Slide 21: Neonode Contactless Touch
2 1 Neonode Contactless Touch Copyright Neonode © 2001 - 2021 w w w.n e onod e.com NASD A Q: N E ON Contactless touch - The new normal! Safe, intuitive, and easy to use • High degree of design freedom – holographic touch or in - air touch with multiple configurations • Germ - free – preventing the s
Slide 22: Market Potential
2 2 Market Potential New Installs R&D OEM decision maker Medium sales cycle Copyright Neonode © 2001 - 2021 w w w.n e onod e.com NASD A Q: N E ON Engineering resources Longest sales cycle Solution Dynamics Sa l es C y cle Target Customer Highest volume End - user decision makers Retrofits End - User
Slide 23: Elevator Control Panels MAD Elevator
2 3 Elevator Control Panels MAD Elevator • MAD Elevator is a leading supplier of elevator fixtures and elevator car interiors • Contactless (parallel plane) elevator control panel for existing and new elevator installations • Powered by Neonode Touch Sensor Modules • Marketed and sold as ‘PHANTOM To
Slide 25: 2Q Execution Plan – Sales EMEA
2 5 2Q Execution Plan – Sales EMEA 1. My goal is to drive succesful business in the EMEA - region within the corporate mission and vision statement: ”Smart, intuitive, multimodal HMI Solutions” x Review and update of segmentation, positioning, business models, GTM strategies etc. for EMEA • How can
Slide 26: Elevator Control Panels Dewhurst
2 6 Elevator Control Panels Dewhurst • Dewhurst is a leading supplier of components to the global elevator market • Contactless (parallel plane) elevator control panel for existing or new elevator installations • Powered by Neonode Touch Sensor Modules • Marketed and sold as ‘HALO’ in Europe and bey
Slide 27: QSR PoS Kiosks Merim Groupe
2 7 QSR PoS Kiosks Merim Groupe • Contactless (parallel plane) self - ordering system for quick service restaurants • Adaptable solution ideal for retrofitting on existing kiosks • Powered by Neonode Touch Sensor Modules • Marketed and sold as ‘AIR - CLICK’ in Europe from beginning of 2021 • Current
Slide 29: APAC – Leading the Migration Towards Contactless Touch
2 9 APAC – Leading the Migration Towards Contactless Touch Copyright Neonode © 2001 - 2021 w w w.n e onod e.com NASD A Q: N E ON • Japan • Airport Check - in • Retail SCO • POS Terminals • South Korea • Elevator COP • Greater China • Elevator COP • Reception • Holographic • South East Asia • Airport
Slide 30: Japan Aerospace Airport Kiosks
3 0 Japan Aerospace • Contactless self - check in and self - service bag drop terminals for retrofit • Powered by Neonode Touch Sensor Modules • Selected by a major Asian airline to retrofit on existing kiosks at multiple airports in Asia • Additional contactless kiosk applications are being evaluat
Slide 31: Japan Aerospace Retail Self-Checkout Kiosks
3 1 Japan Aerospace • Contactless self - checkout terminals for retrofit in retail environments • Powered by Neonode Touch Sensor Modules • Selected by a major Japanese retail chain to retrofit on the chain’s existing self - checkout kiosks • Deployment of the solution called ‘Air Click’ started in
Slide 32: Finetek Elevator Control Panels
3 2 Finetek • Contactless elevator control panels for retrofit and new equipment • Powered by Neonode Touch Sensor Modules • Selected by a major elevator OEM in South Korea to install in existing elevators . Three pilots announced • Finetek also engaged with several other elevator companies and in p
Slide 33: HKPC Elevator Control Panels
3 3 HKPC • Contactless (parallel plane) elevator control panels for retrofit powered by Neonode Touch Sensor Modules • Marketed and sold as ‘kNOw Touch’ in Hong Kong and China • Deployed in many locations across Hong Kong and recently launched by Jardine Schindler to promote wider adoption in overse
Slide 35: Summarizing Remarks
3 5 Summarizing Remarks Copyright Neonode © 2001 - 2021 w w w.n e onod e.com NASD A Q: N E ON • We see a high and increasing demand for our contactless touch solutions and our touch sensor modules • Our focus continues to be » Elevators » Interactive Kiosks • We are also optimistic about our licensi
Slide 38: Thank You
Thank You info@neonode.com neonode.com

Neonode — Q1 2021 Earnings Presentation on 6ix

Neonode — Q1 2021 Earnings Presentation

Slide 1: Neonode Inc. First Quarter 2021 Presentation

Slide 2: Disclaimer

Slide 3: Introduction

Slide 4: Summary

Slide 5: New Sales Organization

Slide 6: Team On This Call

Slide 7: 1Q 2021 Financials Update

Slide 8: 1Q 2021 Financial Update - Overview

Slide 9: 1Q 2021 Financial Update – Revenues

Slide 10: 1Q 2021 Financial Update – Gross Profit/Margin

Slide 11: 1Q 2021 Financial Update – Operating Expenses and Net Result

Slide 12: 1Q 2021 Financial Update – Cash

Slide 13: Strategy and Business Update

Slide 14: Our Values

Slide 15: Earlier Business Area Organization

Slide 16: Next Step for Improved Efficiency, Effectiveness, and Growth Focus

Slide 17: New Organization

Slide 18: Current Status and Outlook

Slide 19: Sales and Business Development Update AMER

Slide 20: Anthony Uhrick Resume

Slide 21: Neonode Contactless Touch

Slide 22: Market Potential

Slide 23: Elevator Control Panels MAD Elevator

Slide 24: Sales and Business Development Update EMEA

Slide 25: 2Q Execution Plan – Sales EMEA

Slide 26: Elevator Control Panels Dewhurst

Slide 27: QSR PoS Kiosks Merim Groupe

Slide 28: Sales and Business Development Update APAC

Slide 29: APAC – Leading the Migration Towards Contactless Touch

Slide 30: Japan Aerospace Airport Kiosks

Slide 31: Japan Aerospace Retail Self-Checkout Kiosks

Slide 32: Finetek Elevator Control Panels

Slide 33: HKPC Elevator Control Panels

Slide 34: Summarizing Remarks

Slide 35: Summarizing Remarks

Slide 36: Q & A

Slide 37: New Website

Slide 38: Thank You