---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-24-040662"
form_type: "8-K"
ticker: "NEON"
cik: "0000087050"
company_name: "Neonode Inc."
filed_at: "2024-05-08T23:59:59+00:00"
generated_at: "2026-06-02T14:55:24.107078+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Neonode Q1 2024 revenue down 19% to $1.0M; net loss widens to $2.1M

## Summary
- Revenue $1.0M, -19.1% YoY; license revenue down 32.7% to $0.8M.
- Net loss $2.1M ($0.14/sh) vs $1.4M ($0.09) YoY; operating expenses up 3.3%.
- Negative product gross margin of 90% due to $0.2M inventory impairment from phasing out manufacturing.
- Cash and AR $15.3M at March 31, down from $17.1M at Dec 2023; operations used $1.9M.
- CEO highlights awarded DMS software deal with commercial OEM and new touch license project.

## SEC filing metadata
- accession: 0001213900-24-040662
- form_type: 8-K
- ticker: NEON
- cik: 0000087050
- company_name: Neonode Inc.
- filed_at: 2024-05-08T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/87050/000121390024040662/0001213900-24-040662-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/87050/000121390024040662/ea0205310-8k_neonode.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-24-040662
- JSON: https://secwatch.observer/filing/0001213900-24-040662.json
- Plain text: https://secwatch.observer/filing/0001213900-24-040662.txt

## Key facts
- Earnings Releases
  Neonode Inc. reported the three months ended March 31, 2024 results: revenue $1.0 million, net income $2.1 million, or $0.14 per share, EPS $0.14 per share.
  - Period: the three months ended March 31, 2024
  - Revenue: $1.0 million
  - Net income: $2.1 million, or $0.14 per share
  - EPS: $0.14 per share
  - Result: reported results
  source text: or the “Company”) today reported financial results for the three months ended March 31, 2024 . FINANCIAL SUMMARY FOR THE QUARTER ENDED MARCH 31, 2024: ● Revenue of $1.0 million, a decrease of 19.1% compared to the same period in the prior year. ● Operating expenses of $2.9 million, an increase of 3.3% compared to the same period in the prior year. ● Net
  evidence_url: https://www.sec.gov/Archives/edgar/data/87050/000121390024040662/0001213900-24-040662-index.htm

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