Neonode Q3 revenue falls 36% to $1.0M; net loss $1.7M; raises $14.5M in October offering

Neonode Inc.

2022-Q3 EPS reported -$0.43 revenue$4,347,000

Q3 2021 revenue $1.0M, down 36% YoY; net loss $1.7M ($0.15/share) vs $1.6M loss in Q3 2020.
Nine-month revenue $4.3M (+23% YoY); net loss $4.9M ($0.43/share) vs $4.3M loss in prior year.
Cash and accounts receivable $6.3M at Sep 30, 2021, down from $12.2M at Dec 31, 2020.
In October 2021, raised ~$14.5M net via 1.8M share offering at $7.75/share and ATM sales.
CEO cites COVID lockdowns in Asia and semiconductor shortages as key headwinds.

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