Neonode FY2024 revenue down 18.8% to $3.1M; loss per share widens to $0.37

Neonode Inc.

Revenue $3.1M, down 18.8% YoY; license revenue $2.7M (-29.3%), NRE revenue $0.4M (+1,519%).
Loss from continuing ops $5.9M ($0.37/sh) vs $5.1M ($0.33/sh) in prior year.
Cash used by ops $5.6M (improved from $6.3M); cash & AR $17.2M at Dec 31, 2024.
Discontinued TSM manufacturing; focusing on MultiSensing and zForce licensing. Awarded DMS software for commercial vehicle OEM.
CEO sees transition; NRE projects expected to generate license revenues once in production.

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