---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-23-084971"
form_type: "8-K"
ticker: "NEON"
cik: "0000087050"
company_name: "Neonode Inc."
filed_at: "2023-11-09T23:59:59+00:00"
generated_at: "2026-06-08T08:18:11.794197+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Neonode Q3 revenue $1.0M, down 17.5% YoY; net loss widens to $1.3M

## Summary
- Revenue $1.0M, down 17.5% YoY; license revenue $0.8M (-20%), product sales $0.2M (+5%).
- Net loss $1.3M ($0.08/sh) vs $0.8M ($0.06) in prior year; operating expenses up 6.3%.
- Product gross margin negative 39.3%, impacted by one-time customer claim cost.
- Cash used in operations $1.8M vs $0.5M in Q3 2022; cash and receivables $19.4M.
- CEO notes licensing stable YTD but product sales below targets; focus on automotive, medtech, kiosk sectors.

## SEC filing metadata
- accession: 0001213900-23-084971
- form_type: 8-K
- ticker: NEON
- cik: 0000087050
- company_name: Neonode Inc.
- filed_at: 2023-11-09T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/87050/000121390023084971/0001213900-23-084971-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/87050/000121390023084971/ea187802-8k_neonodeinc.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-23-084971
- JSON: https://secwatch.observer/filing/0001213900-23-084971.json
- Plain text: https://secwatch.observer/filing/0001213900-23-084971.txt

## Key facts
- Earnings Releases
  Neonode Inc. reported the nine months ended September 30, 2023 results: revenue $3.5 million, net income $4.2 million, EPS $0.27 per share.
  - Period: the nine months ended September 30, 2023
  - Revenue: $3.5 million
  - Net income: $4.2 million
  - EPS: $0.27 per share
  - Result: reported results
  source text: FINANCIAL SUMMARY FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2023: ● Revenue of $3.5 million
  evidence_url: https://www.sec.gov/Archives/edgar/data/87050/000121390023084971/0001213900-23-084971-index.htm
- Earnings Releases
  Neonode Inc. reported the three months ended September 30, 2023 results: revenue $1.0 million, net income $1.3 million, EPS $0.08 per share.
  - Period: the three months ended September 30, 2023
  - Revenue: $1.0 million
  - Net income: $1.3 million
  - EPS: $0.08 per share
  - Result: reported results
  source text: NEON) today reported financial results for the three and nine months ended September 30, 2023. FINANCIAL SUMMARY FOR THE THREE MONTHS ENDED SEPTEMBER 30, 2023: ● Revenue of $1.0 million, a decrease of 17.5% compared to the same period in the prior year. ● Operating expenses of $2.2 million, an increase of 6.3% compared to the same period in the prior year. ●
  evidence_url: https://www.sec.gov/Archives/edgar/data/87050/000121390023084971/0001213900-23-084971-index.htm

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