Hi, and welcome to the Q2 2023 earnings call for Neonode. We will start with a company presentation and a walkthrough of the financial results by the company's CEO, Urban Forssell, and CFO, Fredrik Nihlén. Then we will have a Q&A session in which the company's covering analysts can ask their questions. With that said, I leave the word over to Neonode and CEO Urban Forssell. Thank you very much, Jesper. From me and Fredrik here, welcome to this earnings call. I do not see the presentation now, so I do not know where we are. Thank you. Today's presenters are me, Urban Forssell. I am the CEO of Neonode, and with me here today, Fredrik Nihlén, our CFO. Before we go into the main part of the presentation, I would like to go through and summarize the following legal disclaimer. This presentation contains related oral and written statements of Neonode, the company, and its management. It may contain forward-looking statements. Forward-looking statements include information about current expectations, strategy, plans, potential financial performance, or future events. They may also include statements about market opportunity, sales growth, financial results, use of cash, product development and introduction, regulatory matters, and sales efforts. Forward-looking statements are based on assumptions, expectations, and information available to the company and its management, and involve a number of known and unknown risks, uncertainties, and other factors that may cause the company's actual results, level of activity, performance, or achievements to be materially different from any expressed or implied by these forward-looking statements. Prospective investors are advised to carefully consider these various risks, uncertainties, and other factors. Any forward-looking statements included in this presentation are made as of today's date. The company and its management undertake no duty to update or revise forward-looking statements. This presentation has been prepared by the company based on its own information, as well as information from public sources. Certain of the information contained herein may be derived from information provided by industry sources. The company believes such information is accurate and that the sources from which it has been obtained are reliable. However, the company has not independently verified such information and cannot guarantee the accuracy of such information. Thank you for your patience. With this, we move on to the presentation. We have a short agenda today. We're going to keep this call fairly short. I will start the presentation with a summary of the main points from the second quarter. After this, I hand over to Fredrik, who will go through and summarize the financial results for the second quarter. After this, I will take you through a short business update before Jesper comes back and leads a Q&A session. With that, I go into the summary slide. Summary of key points in Q2 for Neonode. Licensing revenues were stable. We saw clearly that the previous supply chain issues with semiconductors have been resolved, or at least the situation has improved greatly worldwide. This is a factor. Another factor is also that our printer and automotive customers' sales have been strong or at least stable. That is very good for us, and hence our licensing revenues were stable in the second quarter. Product sales revenues were low and clearly below targets and also below expectations, I can admit. Overall, weaker customer demand, but also in some cases where we actually have a good relationship with customers and they are developing or have developed new products incorporating our sensor modules. Several of these projects have been pushed out into the future, which of course affects our sales in that quarter. As a consequence of these results and also the sales results in the first quarter of the year, we are adjusting our strategies and tactics to improve sales in the coming quarters. We have started since some time to focus more strongly on certain key geographical markets and segments. We also are intensifying our marketing efforts, and we are also fine-tuning our product portfolio and our customer offering to be more sharp and to deliver more customer value. We believe this will clearly improve our sales performance in the coming quarter. Even though the product sales in the second quarter were slow, I still believe we can turn this around and that this is a very interesting business for the future. With these three summarizing points, I would like to hand over to Fredrik. Thank you, Urban. You can find our 10Q and earnings release on our website, neonode.com, under the investor section. I will, in this presentation, just summarize the key points. Revenues for the second quarter of 2023 was $1.2 million. That is a decrease of 5% compared to the same quarter last year. Revenues from license was $1.1 million, an increase of 15% compared to the second quarter last year. As Urban said, this is thanks to the demand for our customers' products within the printer and automotive industry is still strong. Our revenue from products was $0.1 million for the second quarter of 2023. It is a decrease of 60% compared to the same quarter last year. Also here, as Urban said, it has to do with low demand from customers and delayed launches. Low volumes give high gross margin for products, and we are at 67% for Q2 2023, 11 percentage points higher than last quarter last year. With increased volumes, the gross margin will decrease. Operating expenses was $2.8 million for the second quarter of 2023. It's a decrease of 2% compared to the same quarter last year. The main reason is lower personnel and related costs. Net cash burn for operating activities was $0.6 million for the second quarter of 2023, an improvement of 79% compared to the same quarter last year. This is mainly due to lower purchases of components, but also the timing of customer payments. As of 30 June 2023, we had $21.6 million cash and accounts receivable. With that strong cash position, we continue to execute on our strategy. With that, I will leave the word back to you, Urban. Okay, that takes us to a short business update. Those of you that have followed us for some time know that in our products business, touchless solutions, here exemplified by a holographic control panel for elevators, is one of the key focus areas for us. We see quite some interest here, not least in Asia. When I say Asia, I mean mainly China, Japan, and South Korea, where we have the most activity, we have most customers, and also the most partners. Also in Europe, here is an example of a recent install together with our partner Dewhurst from the U.K. We see that this type of touchless elevator control panels is gaining traction and drawing a lot of attention. This is the luxury hotel, the Maybourne Riviera, who has installed contactless controls from Dewhurst in all of their elevators, which reportedly have been very well received. Recently, we also joined World Elevator Expo in China together with some different partners. Our partners' booths and our booth were very well visited. The feedback we got from several large and medium-sized OEMs that came to explore and experience our solutions was very, very positive. For elevators, we clearly think there is a market for this type of touchless or contactless operating solutions that we can offer with our touch sensor modules. The other main segment or sector that we focus on is interactive kiosks. Actually, this is a very broad sort of segment that we talk about. Here is one example. We have a new cooperation with the French company MyScript, experts in handwriting recognition. They have developed some different solutions that incorporate our touch sensor modules, in particular for handwriting recognition solutions. Here shown a holographic display where you sign in or sign out to a hotel using your fingers and you write your signature on the holographic image. They also have other solutions more related to normal displays, not holographic displays. This is just one type of kiosks. We also have examples of other customers and partners doing similar solutions for retail, for instance, transportation, ticketing, and vending machines. Still quite a lot of interest in this, again, especially in Asia, but also in Europe. We see still quite strong demand and interest for our solutions. NXO, I want to highlight here, is a fairly large electronics company from South Korea. They have been a customer for the last couple of years. Earlier this year in Q2, we signed a new value-added reseller agreement with them. They work both with smart home products like the mirror we see here, but also other types of kiosks and retrofit kits or solutions for various different products. We are very, very happy with this cooperation, and we think this will help us to grow our market share and our sales volume in South Korea in particular. We also work a lot today on rugged touch solutions, both using our products, the touch sensor modules, as this illustration shows. Here, the touch sensor module is integrated in the bar sitting on top of the display and allows an operator here, illustrated, having rather thick working gloves for protection to operate either directly on the touch screen or in front of it using a touchless interface. We see quite some interest here, both in Europe and other markets for this type of solution that we can offer. It's about a 50/50 percentage between customers who are interested in our touch sensor modules for this to create both retrofit and new equipment solutions, and customers that want to license our technology to create their own bespoke solutions. Rugged touch, I say on behalf of both our licensing business and our products business. Here's another example of rugged touch, med tech. As illustrated here, doctors and nurses in the surgery room or in other clinics and so on, they often have gloves on their hands. They are also more and more controlling very advanced machines using their fingers, like shown here. To be able to do this with a rugged touch feature on that display is very valuable. With our infrared technology, we can also do things like replace the buttons that you see directly to the right of the display in this picture. We can make those virtual buttons, saving a lot of cost for the manufacturer and still providing a good, robust touch interface. We are proposing to many med tech companies today that rather than using rugged touch, they can also consider touchless interfaces for some of these systems. These ideas are fairly new to them, but we feel that we have a good resonance and a lot of positive feedback for our ideas and the prototypes and demos that we are showing them. Med tech will continue to be one of the focus segments or areas that we will work on in the future, clearly so. Rugged touch, we also have quite some interest today from automotive, commercial vehicle, and off-highway customers, which is very close to industry customers, I would say. In a truck or in an off-highway machine on a construction site, the drivers and the operators, it's very common that they have thick working gloves for protection or for other reasons. Still, they want to operate touch displays inside their vehicles. That's not trivial to do with other touch technologies than ours. We have been joining some different events, showing our solutions and presenting what we can offer. We have got a lot of leads from that that we are now working to convert into new businesses. It's quite an interesting area. Some of these customers have products that run in high volume, so we are also quite excited for this. Moving over to our licensing business, we had talked before and we still have a strong focus on object detection. One application in particular that's interesting is head-up display obstruction detection. As illustrated in this picture, foreign objects like coins, keys, parking tickets, credit cards, and other loose objects in the cabin or sitting on the dashboard that may fall on top of the head-up display projector, they will obviously obscure the projected image. If that projected image is showing an important symbol, warning message, or other type of critical information for the driver, that can lead to obviously very serious problems and even accidents. A trend in automotive is that more and more vehicle manufacturers are considering to have only head-up displays and not keep the traditional instrument clusters in front of the driver. This has several advantages, both from an ergonomics point of view, but also safety point of view. We have seen at recent auto shows, also concept vehicles and other prototypes with new types of head-up displays being presented. We believe that the head-up display market will actually explode in the coming years. With the very, very strict requirements for safety in automotive, we think that this type of solution that we can offer at low cost and with very great robustness and performance will become more and more interesting for vehicle manufacturers and also their tier one suppliers. Indeed, we are working together with several tier one suppliers now, and we hope that within this quarter, we can win our first major businesses in this segment. Another super important and very, very interesting application area that we work on is driver and in-cabin monitoring, where we have developed and launched an innovative and quite novel software platform, which is a generic platform that can be used to create both driver monitoring features and other in-cabin monitoring features in a very, very quick, efficient, and controlled way. The platform itself is super powerful and can be used with different types of cameras and also easily incorporates other sensor inputs in a way that we have not seen anyone being able to do. We are getting very, very good feedback from this when we started to market this early this year. We are today also here hoping that within this quarter to win our first major breakthrough businesses with this offering of ours. Both driving in-cabin monitoring and head-up display obstruction detection remain key focus areas for us in our licensing business. In general, the automotive sector is our main target now and will be so also in the future. Just to round this overview off and also to link to what I said earlier on in the presentation that we are increasing our marketing efforts, I just wanted to show the physical events we joined in Q2. They were in China, Europe, and actually North America. You can see that it was a mix of automotive and other events. This has been very, very good for us and very successful, I would say. We have a lot of new prospects and leads that we are currently working on to convert to new businesses. For Q3, Q4, and also into next year, we will certainly continue this work and actually intensify it. We look forward to meeting with you and also other new customers in different events in Europe, North America, and Asia. I also want to mention here that we are joining the CES 2024 show in Las Vegas in January and also the week after the equally interesting NRF show in New York later in January. If you happen to be in Vegas or in New York around that time, come and see us. We will surprise you with several value-adding and innovative solutions that I am sure you will like and want to incorporate into your products. Thank you very much. This concludes our presentation, and we are now heading into a short Q&A session with our analysts. Over to you, Jesper. Great. Thank you so much for that presentation, Urban and Fredrik. All right, I'll start with some questions from my side. First, an update on automotive. It seems like you're seeing some strong traction, perhaps especially in the head-up display offering. I just want to ask regarding competition there, because I know some of the DMS suppliers, but what do you see as the main competitors for your head-up display offerings? Do they have similar technology as you, or is it a different one? In that area, competition mainly comes from the tier ones, meaning the head-up display manufacturers. Some of them have prepared, you can say, a similar solution based on infrared technology. Some have tried to use time-of-flight sensors and cameras. The problem with that is that the performance is very, very poor. Some of the OEMs leading this new focus on head-up displays have, at least in a couple of cases that we are now engaged in, disqualified these other solutions, although they were quite simple and cheap. The problem is that they had also quite poor performance. We are well positioned here with a fairly advanced yet cost-effective solution. I would say that the main competition would come from a camera-based solution. Maybe we will see that in the future, but this is non-trivial. The question is if the vehicle manufacturer and the tier one really want to add this type of complexity just for this application alone or this feature alone. We are well positioned, and we are mainly competing here with our customers, the tier one suppliers or the head-up display manufacturers. All right. Is it only the premium segment that you're seeing interested, or is it also the volume segment that you're seeing? Currently, this is, as it usually is in automotive, mainly something that's driven by premium vehicle manufacturers. This is a question about timing, I think. When you do the math and develop the business case, you will also see a clear cost advantage with having only head-up displays compared to having these modern, large, normal displays that many manufacturers are now working with for their dashboards. I think that this will be both for premium for some OEMs that prefer this type of interior design, but also that it can be like a cost advantage for the volume manufacturers. This is why we are super excited about this opportunity. Let me underline, Jesper, that we have equally high hopes for our driver and in-cabin monitoring software platform. Even though we are a late incomer to this market and we have some strong competition, we know this, the type of feedback and the resonance we have with many customers is very stimulating and good for us to see. We hope that we can surprise both our competition and also customers that have not met us before in the future with what we can offer here in driver and in-cabin monitoring. All right, good. Regarding product sales, this is obviously a continuous disappointment for you, as you state. Yet, I mean, you continue to invest additional efforts, which is obviously negative for the burn rate. How do you think about capital allocation in general and for how long can you permit prolonged efforts in this area without results? Yeah, I see your point, and I can also confirm that this is something we have been discussing actually for several years, and we have kept a close eye on this. We are trying to establish and build up a new business here for touchless or contactless interfaces. We have a good technology for this, but this is a new market that we are maybe one of the key drivers that are establishing this new market. That is always a tough challenge. It is a balance. You have to be persistent, and you have to invest. As you say, we cannot do this forever. Indeed, we are now taking steps, and we will take further steps so that we not only just pump in new capital into this without seeing any results. We are sort of honing and sharpening our strategies here. Within the products business area, we will shift the capital allocation. Clearly, during the last quarter, we shifted more into the licensing business. We have already taken steps in line with what you sort of suggest here. We will continue to work on those details in the strategy. We will present updates on this in the next earnings call. Also, probably we will continue to evolve both regarding our strategy and tactics into next year. We get the point. We agree. You should never just continue blindly to invest in a non-profit business. Of course, we are here to make money, and we are very conscious of this. I ask everyone to stay tuned for updates. I also want to reassure you and every other person listening in that we are very much aware of this and really working hard on this issue and to turn around the products business. If it doesn't succeed, yeah, we have to think about doing something else clearly. We certainly appreciate that, and we are discussing it in the company, and we will get back to you with updates shortly. Perfect. Thank you so much. That's all from me. I'm just going to see if we have any other questions from the other analysts. Let me just see for a few seconds. Nope, we do not. I think with that, I'm very satisfied with all the answers. I leave the word back to you, Urban, for some closing remarks. I will be very, very short. Thank you for joining this earnings call where we presented the financial results for Q2 for Neonode and also reviewed some strategic highlights and gave a short business update. Thank you very much, and have a nice day.