May 8, 2018 / 1:17 PM / 2 months ago

BRIEF-Neonode Reports Q1 Loss Per Share $0.01

May 8 (Reuters) - Neonode Inc:

* NEONODE REPORTS FIRST QUARTER ENDED MARCH 31, 2018 FINANCIAL RESULTS

* Q1 REVENUE $2.4 MILLION VERSUS I/B/E/S VIEW $2.4 MILLION

* Q1 EARNINGS PER SHARE VIEW $-0.02 — THOMSON REUTERS I/B/E/S

* ON JAN 1, 2018, NEONODE ADOPTED THE NEW REVENUE RECOGNITION STANDARD ASC 606

* NEONODE - NET IMPACT OF ADOPTION OF ASC 606 IS A $0.2 MILLION REDUCTION IN TOTAL LICENSE FEE REVENUES REPORTED IN QUARTER VERSUS USING THE OLD ACCOUNTING STANDARD Source text for Eikon: Further company coverage:

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