secwatch.observer — SEC 8-K summary
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Issuer:     Neonode Inc. (NEON)
CIK:        0000087050
Form:       8-K
Filed at:   2022-08-11T23:59:59+00:00
Accession:  0001213900-22-046631
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/87050/000121390022046631/0001213900-22-046631-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/87050/000121390022046631/ea164038-8k_neonodeinc.htm
  HTML page:      https://secwatch.observer/filing/0001213900-22-046631

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