Neonode Q2 revenue $1.3M (-26% YoY); net loss $1.5M; cash burn widens

Neonode Inc.

2023-Q2 EPS reported -$0.22 revenue$2,585,000

Revenue $1.3M, down 26.3% YoY; license revenue $1.0M (-29.8%), product sales $0.2M (-39.3%).
Net loss $1.5M ($0.11 per share) vs. $1.7M loss ($0.14) in Q2 2021.
Operating expenses $2.8M (-13.7% YoY); cash used by ops $2.9M vs. $1.4M a year ago.
Cash and AR $13.5M at June 30, 2022 (down from $18.7M at Dec 31, 2021).
CEO cites COVID-19 lockdowns in Asia and semiconductor shortage as primary drags.

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