secwatch.observer — SEC 8-K summary
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Issuer:     Neonode Inc. (NEON)
CIK:        0000087050
Form:       8-K
Filed at:   2021-11-10T23:59:59+00:00
Accession:  0001213900-21-057979
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/87050/000121390021057979/0001213900-21-057979-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/87050/000121390021057979/ea150033-8k_neonodeinc.htm
  HTML page:      https://secwatch.observer/filing/0001213900-21-057979

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer