---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-23-038309"
form_type: "8-K"
ticker: "NEON"
cik: "0000087050"
company_name: "Neonode Inc."
filed_at: "2023-05-11T23:59:59+00:00"
generated_at: "2026-06-15T05:27:26.277161+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Neonode Q1 revenue down 5% YoY to $1.3M; net loss $1.4M unchanged

## Summary
- Revenue $1.3M (-4.9% YoY); license revenue $1.1M (+4% YoY), product sales $0.1M (-31% YoY).
- Net loss $1.4M ($0.09/share) vs $1.4M ($0.10/share) in Q1 2022.
- Cash & accounts receivable $22.9M at Mar 31, up from $16.3M at Dec 31, 2022.
- Operating expenses $2.8M (+4.9% YoY) on higher professional fees.
- CEO cites improving semiconductor supply; product sales below expectations; plans to increase China marketing.

## SEC filing metadata
- accession: 0001213900-23-038309
- form_type: 8-K
- ticker: NEON
- cik: 0000087050
- company_name: Neonode Inc.
- filed_at: 2023-05-11T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/87050/000121390023038309/0001213900-23-038309-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/87050/000121390023038309/ea178282-8k_neonodeinc.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-23-038309
- JSON: https://secwatch.observer/filing/0001213900-23-038309.json
- Plain text: https://secwatch.observer/filing/0001213900-23-038309.txt

## Key facts
- Earnings Releases
  Neonode Inc. reported three months ended March 31, 2023 results: revenue $1.3 million, net income Net loss of $1.4 million, EPS $0.09 per share.
  - Period: three months ended March 31, 2023
  - Revenue: $1.3 million
  - Net income: Net loss of $1.4 million
  - EPS: $0.09 per share
  - Result: reported results
  source text: FINANCIAL SUMMARY FOR THE QUARTER ENDED MARCH 31, 2023: ● Revenue of $1.3 million, a decrease of 4.9% compared to the same period in the prior year. ● Operating expenses of $2.8 million, an increase of 4.9% compared to the same period in the prior year. ● Net loss of $1.4 million, or $0.09 per share, compared to $1.4 million, or $0.10 per share, for the same period in the prior year. ● Cash used by operations of $1.7 million compared to $2.3 million for the same period in the prior year. ● Cash and accounts receivable of $22.9 million as of March 31, 2023 compared to $16.3 million as of December 31, 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/87050/000121390023038309/0001213900-23-038309-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.