Neonode Q1 2022 revenue down 21% to $1.3M; net loss narrows to $1.4M

Neonode Inc.

2023-Q1 EPS reported -$0.10 revenue$1,318,000

Revenue $1.3M, down 20.8% YoY; license fees $1.1M (-14.7%), product sales $0.1M (-58.6%).
Net loss $1.4M ($0.10/share) vs $1.6M ($0.14/share) YoY.
Cash and AR $16.3M at Mar 31, 2022, down from $18.7M at Dec 31, 2021; operating cash burn $2.3M.
Management highlights growing interest in contactless touch TSMs but cites COVID lockdowns and chip shortages as headwinds.
Adjusted gross margin for TSMs improved to 62% from prior quarter's 52%.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.