STOCKHOLM, Aug. 13, 2025 /PRNewswire/ — Neonode Inc. (NASDAQ: NEON) (“Neonode” or the “Company”) today reported financial results for the three and six months ended June 30, 2025.
FINANCIAL SUMMARY FOR THE THREE MONTHS ENDED JUNE 30, 2025:
- Revenues from continuing operations of $0.6 million, a decrease of 25.2% compared to the same period in the prior year.
- Operating expenses from continuing operations of $2.7 million, an increase of 5.3% compared to the same period in the prior year.
- Loss from continuing operations of $2.0 million, or $0.12 per share, compared to $1.7 million, or $0.11 per share, for the same period in the prior year.
- Cash used by operations of $1.7 million, compared to $1.2 million for the same period in the prior year.
- Cash and accounts receivable of $13.6 million as of June 30, 2025 compared to $17.2 million as of December 31, 2024.
FINANCIAL SUMMARY FOR THE SIX MONTHS ENDED JUNE 30, 2025:
- Revenues from continuing operations of $1.1 million, a decrease of 31.1% compared to the same period in the prior year.
- Operating expenses from continuing operations of $5.2 million, a decrease of 1.5% compared to the same period in the prior year.
- Loss from continuing operations of $3.8 million, or $0.23 per share, compared to $3.4 million, or $0.22 per share, for the same period in the prior year.
- Cash used by operations of $3.1 million, compared to $3.1 million for the same …