Neonode Q2 2024 revenue up 18.7% to $1.4M, net loss widens to $1.7M

Neonode Inc.

2024-Q2 EPS reported -$0.25 revenue$2,438,000

Revenues $1.4M (+18.7% YoY); net loss $1.7M ($0.11/share) vs $1.5M ($0.10) a year ago.
Licensing revenue fell 43.9% to $0.6M; product sales surged 641.7% to $0.6M on last-time buy orders.
Cash used by operations $1.2M vs $0.6M; cash & AR $14.4M (down from $17.1M at Dec 2023).
Company phasing out products business to focus solely on licensing; DMS project with commercial vehicle OEM ongoing.

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