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Neonode, Inc's CEO Discusses Second Quarter Results - Earnings Call Transcript

In our press release with the financial tables issued earlier today which is located on our website at www.neonode.com, you'll find our definition of these non-GAAP financial measures or a reconciliation of these measures that are disclosed as non-GAAP financial measures and a discussion about why these non-GAAP measures are relevant.

These financial measures are included for the benefit of investors and shall now be considered an addition and/or instead of GAAP measures.

At this time, it is my pleasure to turn the floor over to Thomas Eriksson, Chief Executive Officer of Neonode. Tom, the floor is yours.

Thomas Eriksson

Thank you, Garth. Good morning, everyone, and welcome to our second quarter conference call. With me today is David Brunton, our CFO. Today I will give you an overview of our performance for the quarter ending June 30, 2012. Then David will walk you through our financial results for the same period. Also after prepared remarks, David and I will be available for questions.

To start with, let me express my excitement regarding our unique position with the OEM. Thanks to the high performance in which (inaudible) offered, Neonode is regarded by many in the industry as the go-to provider of what we anticipate will be one of the preferred (inaudible) any type of device in the years to come.

I'm please to note that in the past 18 months, our customers shipped approximately 10 million units in (inaudible). We see all of the (inaudible) established the notion (inaudible) components and not in what we can do with our recently launched MultiSensing controller chip which I'm (inaudible) is a true game-changer for entire market.

The amount of interest (inaudible) from delivered technology mainly (inaudible) into other markets such as mobile phones, tablet, office equipment and (inaudible). The MultiSensing controller chip has made (inaudible) possible. Last quarter, I talked about our controller chip that was going into mass production and now I want to report it's now in full mass production and shipping to our customers.

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