---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-24-017781"
form_type: "8-K"
ticker: "NEON"
cik: "0000087050"
company_name: "Neonode Inc."
filed_at: "2024-02-28T23:59:59+00:00"
generated_at: "2026-06-05T09:59:04.850359+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Neonode reports 2023 revenue down 21.5%; net loss widens to $10.1M

## Summary
- Revenue $4.4M (-21.5% YoY); license rev. $3.8M (-14.9%), product rev. $0.6M (-37.7%).
- Net loss $10.1M ($0.66/sh) vs $4.9M ($0.36/sh) in 2022; operating expenses up 4.9% to $10.7M.
- Product gross margin negative 630.6%, hit by $3.6M inventory impairment and $0.4M purchase commitment loss.
- Phasing out TSM product business; closing Kungsbacka production unit in H2 2024; shifting to licensing focus.
- Cash and AR $17.1M at year-end; cash burn $6.3M, slightly improved from $6.8M.

## SEC filing metadata
- accession: 0001213900-24-017781
- form_type: 8-K
- ticker: NEON
- cik: 0000087050
- company_name: Neonode Inc.
- filed_at: 2024-02-28T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/87050/000121390024017781/0001213900-24-017781-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/87050/000121390024017781/ea0200718-8k_neonodeinc.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-24-017781
- JSON: https://secwatch.observer/filing/0001213900-24-017781.json
- Plain text: https://secwatch.observer/filing/0001213900-24-017781.txt

## Key facts
- Earnings Releases
  Neonode Inc. reported the fiscal year ended December 31, 2023 results: revenue $4.4 million, net income $10.1 million, EPS $0.66 per share.
  - Period: the fiscal year ended December 31, 2023
  - Revenue: $4.4 million
  - Net income: $10.1 million
  - EPS: $0.66 per share
  - Result: reported results
  source text: Neonode Inc. (NASDAQ: NEON) today reported financial results for the fiscal year ended December 31, 2023. FINANCIAL SUMMARY FOR THE FISCAL YEAR ENDED DECEMBER 31, 2023: ● Revenue of $4.4 million, a decrease of 21.5% compared to the prior year. ● Operating expenses of $10.7 million, an increase of 4.9% compared to the prior year. ● Net loss of $10.1 million, or $0.66 per share, compared to $4.9 million, or $0.36 per share, for the prior year.
  evidence_url: https://www.sec.gov/Archives/edgar/data/87050/000121390024017781/0001213900-24-017781-index.htm

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