Neonode Q2 revenue $1.2M (-5% YoY); product sales plunge 60%; licensing up 15%

Neonode Inc.

2023-Q2 EPS reported -$0.19 revenue$2,453,000

Revenue $1.2M (-5% YoY); license revenue $1.1M (+15% YoY); product sales $0.1M (-60% YoY).
Net loss $1.5M ($0.10 per share), unchanged from prior year.
Cash used by operations improved to $0.6M from $2.9M; cash and AR $21.6M.
CEO notes licensing stable but product sales weak; implementing changes to revive product growth.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Neonode Inc. reported three months ended June 30, 2023 results: revenue $1.2 million, net income Net loss of $1.5 million, EPS $0.10 per share.

Period: three months ended June 30, 2023
Revenue: $1.2 million
Net income: Net loss of $1.5 million
EPS: $0.10 per share
Result: reported results

Exact text from the filing

Neonode Reports Quarter Ended June 30, 2023 Financial Results STOCKHOLM, SWEDEN, August 10, 2023 — Neonode Inc. (NASDAQ: NEON) today reported financial results for the three and six months ended June 30, 2023 . FINANCIAL SUMMARY FOR THE THREE MONTHS ENDED JUNE 30, 2023: ● Revenue of $1.2 million, a decrease of 5.3% compared to the same period in the prior year. ● Operating expenses of $2.8 million, a decrease of 1.9% compared to the same period in the prior year. ● Net loss of $1.5 million, or $0.10 per share, compared to $1.5 million, or $0.11 per share, for the same period in the prior year.

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Source: SEC EDGAR

accession 0001213900-23-065309

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