Neonode reports FY 2022 revenue of $5.7M (down 3% YoY); net loss narrows to $4.9M from $6.5M

Neonode Inc.

Revenue $5.7M (-2.8% YoY); net loss $4.9M ($0.36 EPS) vs $6.5M ($0.54) prior year.
Operating expenses down 15.3% to $10.2M; cash burn from operations $6.8M vs $7.7M.
ATM facility raised ~$4.7M in Q4 2022 and ~$7.9M in Jan 2023 at avg $7.24/share.
License revenues fell 6.6% to $4.5M due to COVID component shortages; product sales flat at $1.0M.
Management optimistic about 2023 growth; adding sales resources and expanding partnerships.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Neonode Inc. reported fiscal year ended December 31, 2022 results: revenue $5.7 million, net income $4.9 million, or $0.36 per share, EPS $0.36 per share.

Period: fiscal year ended December 31, 2022
Revenue: $5.7 million
Net income: $4.9 million, or $0.36 per share
EPS: $0.36 per share
Result: reported results

Exact text from the filing

Inc. (NASDAQ: NEON), today reported financial results for the fiscal year ended December 31, 2022. FINANCIAL SUMMARY FOR THE FISCAL YEAR ENDED DECEMBER 31, 2022: ● Revenue of $5.7 million, a decrease of 2.8% compared to prior year. ● Operating expenses of $10.2 million, a decrease of 15.3% compared to prior year. ● Net loss of $4.9 million, or $0.36 per share,

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Source: SEC EDGAR

accession 0001213900-23-018701

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