In the table CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS the line item "Operating loss" should read: “Operating income (loss)”
The corrected release reads:
NEONODE REPORTS FOURTH QUARTER AND YEAR ENDED DECEMBER 31, 2011 FINANCIAL RESULTS
Total revenues increased 1,279% to $6.1 million in 2011Operating profit of $1.0 million in the fourth quarter of 2011 Neonode Inc (OTC Bulletin Board: NEON), the optical touchscreen technology company, today reported financial results for the fourth quarter and year ended December 31, 2011. Recent Highlights:
- Total revenues increased 1,279% to $6.1 million in 2011;
- $1.0 million net operating profit in fourth quarter of 2011;
- Raised $11.2 million in primary offering, which is net of commissions but before other direct offering costs, that closed on December 13, 2011;
- Signed a technology license agreement in the fourth quarter of 2012 with Sonim Technologies for touch-enabled mobile phones;
- 16 total license agreements as of March 13, 2012 with OEMs producing products such as e-Readers, mobile phones, tablets, office equipment and GPS devices;
- Five of the Company’s customers are currently shipping products and Neonode anticipates several others will initiate product shipments in 2012;
- Neonode and Texas Instruments unveiled the world’s first ultra-low power single-chip optical touch controller; and
- Granted U.S. Patent that includes activating a function in response to a touch-and-glide operation on a touch sensitive surface.
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