Neonode Inc. · NASDAQ:NEON

Neonode — Q4 2020 Earnings Presentation

35 slides from Neonode's earnings presentation, Mar 10, 2021

Slide 1: Neonode Inc. Fourth Quarter 2020 Presentation
Neonode Inc. Fourth Quarter 2020 Presentation Dr. Urban Forssell, CEO Ms. Maria Ek, CFO Mr . Johan Swartz, Vice President HMI Products Mr . Jonas Wærn, Vice President HMI Solutions Mr . David Brunton, Head of Investor Relations March 10 , 2021
Slide 2: Disclaimer
2 Disclaimer Copyright Neonode © 2001 - 2021 NASDAQ: NEON www.neonode.com 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 Litigation Refor
Slide 4: Introduction
4 Introduction Copyright Neonode © 2001 - 2021 NASDAQ: NEON www.neonode.com • 2020 was a very interesting year… • In Neonode we decided on a new direction for the company and developed radically new business strategies that we started executing on x 100% focus on B2B x Business organized into three
Slide 6: Coming out of 2020, we are well positioned
6 • Coming out of 2020, we are well positioned to capitalize on current and future opportunities x Excellent team x Strong technology and IP portfolio x Well - recognized brand x Extensive, global ecosystem x Impressive and growing list of customers Copyright Neonode © 2001 - 2021 NASDAQ: NEON www.n
Slide 7: Business Area – HMI Products
7 Business Area – HMI Products Copyright Neonode © 2001 - 2021 NASDAQ: NEON www.neonode.com Focuses on sales of Neonode’s innovative, plug - and - play sensor modules, using our reflective IR - based zForce technology that enable contactless touch, touch, and gesture sensing applications.
Slide 8: Neonode Contactless Touch
8 Neonode Contactless Touch Copyright Neonode © 2001 - 2021 NASDAQ: NEON www.neonode.com Touch, Contactless touch and gesture control for optimal user experiences The new normal for public interaction • High degree of design freedom – holographic touch or in - air touch with multiple configurations
Slide 9: Market and Segmentation
9 L a r g e, OE M s Broad market customers; small tech companies, engineering firms etc . Mid size OEMs, system integrators, engineering firms, and maintenance companies Mid - size corporations, often with regional or national focii, with volume potential 10k - 100k per year. Small, local tech compa
Slide 11: Elevator Control Panels – Dewhurst
1 1 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 12: QSR PoS Kiosks – Merim Groupe
1 2 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 Copyright
Slide 13: Nidec Sankyo Self-Service Terminals
1 3 Nidec Sankyo • Nidec Sankyo is a world leader in card handling solutions • Contactless self - service solution for unattended terminals with card and NFC reader • Powered by Neonode Touch Sensor Modules • Marketed and sold as “PIN on Air Ρ ” Self - Service Terminals Copyright Neonode © 2001 - 20
Slide 14: Business Area – HMI Solutions
1 4 Business Area – HMI Solutions Copyright Neonode © 2001 - 2021 NASDAQ: NEON www.neonode.com Focuses on customized optical touch and gesture control solutions for demanding customers in the Military & Avionics and Industrial segments using our patented IR - based zForce technology.
Slide 15: Neonode Touch Sensing
1 5 Neonode Touch Sensing Copyright Neonode © 2001 - 2021 NASDAQ: NEON www.neonode.com Touch on rugged displays and other special applications When conventional touch technologies fall short • Robust operation – ideal for demanding environments • High performance – low latency and high scanning spee
Slide 16: Market and Segmentation
1 6 Printing Automotive Market and Segmentation Military & Avionics Industrial M i s c . Defense (1/3 of total volume) Civil (2/3 of total volume) M e d i c al Transportation White goods M ari n e OUTDOOR - Harsh environments (dust, light, humidity) INDOOR - Smart building (access and security) elev
Slide 17: Go-to-Market Strategy – Military & Avionics
1 7 Go - to Market Strategy – Military & Avionics Large OE M s Mid size OEMs, system integrators, engineering firms Number of customers: 15 - 25 Volume potential per customer: >5ku/yr Copyright Neonode © 2001 - 2021 NASDAQ: NEON www.neonode.com Number of customers: 30 - 150 Volume potential per cust
Slide 18: Go-to-Market Strategy – Industrial
1 8 Go - to Market Strategy – Industrial Large OE M s Mid size OEMs, system integrators, engineering firms Number of customers: 25 - 50 80% US, 20% RoW Volume potential per customer: 10 - 20k/yr Copyright Neonode © 2001 - 2021 NASDAQ: NEON www.neonode.com Number of customers: 50 - 120 Volume potenti
Slide 19: Business Area – Remote Sensing Solutions
1 9 Business Area – Remote Sensing Solutions Copyright Neonode © 2001 - 2021 NASDAQ: NEON www.neonode.com Focuses on driver and in - cabin monitoring in vehicles . Addressing the need for robust, cost - effective driver and in - cabin monitoring systems that enable OEMs to be compliant with the new
Slide 20: Neonode Driver and In-Cabin Monitoring
2 0 Neonode Driver and In - Cabin Monitoring Robust, cost - effective driver and in - cabin monitoring • Increases safety – can monitor driver status, can support adaptive seatbelt pretensioners and airbags • Increases comfort – can be used for automatic adjustments of seating position, climate cont
Slide 21: Market Drivers for Driver and In-Cabin Monitoring Systems
2 1 Market Drivers for Driver and In - Cabin Monitoring Systems Safety • Driver distraction, driver drowsiness • Level 2/3 autonomous driving (e.g., monitoring of driver attentiveness, detection of hands on steering wheel) • Adaptive deployment of seatbelt pretensioners and airbags Legislative Press
Slide 22: Generic system design
2 2 Generic system design: Other S e n s o r s C am e r a Neonode MultiSensing Software Head position Eye position G a z e dir e cti o n Etc. Dewarping Scaling Filtering Sensor fusion Etc. Driver drowsiness Driver distraction AR - HUD control Adv. Hi - Fi control Etc. Fe a tu re t r a cking over tim
Slide 23: Go-To-Market Strategy
2 3 Go - To - Market Strategy Complementary GTM Strategy: • Opportunistically engage with customers in Automotive CV and other market segments to create fast customer proof of concepts / technology references 1. Automotive LV 2. Automotive CV 3. Other, Miscellaneous Push/Pull Strategy Target Markets
Slide 25: Financial Update 2020 – Revenues
2 5 Financial Update 2020 – Revenues • A strong Q4 with $2.4M of total revenues compared to $1.5M previous quarter and $1.6M Q4 2019 • Increase driven by product sales and engineering services within Military & Avionics • Total revenues of $6.0M for FY2020 compared to $6.6M the previous year • A dec
Slide 26: Financial Update 2020 – HMI Solutions
2 6 Financial Update 2020 – HMI Solutions • Revenues of $1.9M from the solutions business in Q4 2020 compared to $1.2 in Q3 2020 and $1.4M in Q4 2019 • The majority of revenues still earned from our printer customers but strong quarter also for Automotive and Military & Avionics • YoY decrease by 17
Slide 27: Financial Update 2020 – HMI Products
2 7 Financial Update 2020 – HMI Products • Revenues of $0.5M in Q4 2020 compared to $0.3M in Q3 2020 and $0.2M in Q4 2019 • The major part sold through our distributors in the U.S. and China • YoY increase of 67 % , from $ 0 . 6 M in 2019 to $ 1 . 0 M 2020 , munch driven by the demand for contactles
Slide 28: Financial Update 2020 – OpEx and Result
2 8 Financial Update 2020 – OpEx and Result • Operating expenses 2020 of $11.1M compared to $11.7M 2019, a decrease by 5.1% • Decrease by 11.6% if excluding one - time costs • Cost savings, less travelling and lower staff expenses • Swedish governmental support program • Delayed backfill of vacant p
Slide 29: Financial Update 2020 – Cash
2 9 Financial Update 2020 – Cash • Net cash used in operating activities during 2020 increased by $2.2M compared to 2019, primarily due to increase in net loss • Cash and accounts receivables of $12.2M per end of December • Strong cash position enabling us to continue to execute on our business stra
Slide 30: Summarizing Remarks
3 0 Summarizing Remarks Copyright Neonode © 2001 - 2021 NASDAQ: NEON www.neonode.com • Our patented zForce technology is an enabling technology ideally positioned to solve for a lifestyle shift to contactless touch solutions brought on by COVID - 19 • High demand for contactless touch solutions – An
Slide 32: New Website
3 2 New Website • We are developing a completely new website, which will be launched end of this month • Please, make sure to check in at neonode.com to experience the new website Copyright Neonode © 2001 - 2021 NASDAQ: NEON www.neonode.com
Slide 33: Neonode Years
3 3 Neonode 20 Years • This year we celebrate our 20 - year anniversary Copyright Neonode © 2001 - 2021 NASDAQ: NEON www.neonode.com • Make sure to follow us on social media and to visit our website neonode.com regularly for updates
Slide 35: Thank You
Thank You i n f o @ n eo n o d e .c om neonode.com

Neonode — Q4 2020 Earnings Presentation on 6ix

Neonode — Q4 2020 Earnings Presentation

Slide 1: Neonode Inc. Fourth Quarter 2020 Presentation

Slide 2: Disclaimer

Slide 3: Strategy and Business Update

Slide 4: Introduction

Slide 5: Then came the COVID-pandemic…

Slide 6: Coming out of 2020, we are well positioned

Slide 7: Business Area – HMI Products

Slide 8: Neonode Contactless Touch

Slide 9: Market and Segmentation

Slide 10: Partner Network

Slide 11: Elevator Control Panels – Dewhurst

Slide 12: QSR PoS Kiosks – Merim Groupe

Slide 13: Nidec Sankyo Self-Service Terminals

Slide 14: Business Area – HMI Solutions

Slide 15: Neonode Touch Sensing

Slide 16: Market and Segmentation

Slide 17: Go-to-Market Strategy – Military & Avionics

Slide 18: Go-to-Market Strategy – Industrial

Slide 19: Business Area – Remote Sensing Solutions

Slide 20: Neonode Driver and In-Cabin Monitoring

Slide 21: Market Drivers for Driver and In-Cabin Monitoring Systems

Slide 22: Generic system design

Slide 23: Go-To-Market Strategy

Slide 24: Financial Update 2020

Slide 25: Financial Update 2020 – Revenues

Slide 26: Financial Update 2020 – HMI Solutions

Slide 27: Financial Update 2020 – HMI Products

Slide 28: Financial Update 2020 – OpEx and Result

Slide 29: Financial Update 2020 – Cash

Slide 30: Summarizing Remarks

Slide 31: U.S. Webinar March

Slide 32: New Website

Slide 33: Neonode Years

Slide 34: Q & A

Slide 35: Thank You