Neonode Q3 2025 revenue falls 48.7% YoY to $0.4M; $15.5M patent gain drives net income

Neonode Inc.

Revenue from continuing operations $0.4M, down 48.7% from $0.8M in Q3 2024.
Operating expenses $2.1M, up 4.0% YoY; cash used by operations $1.5M.
Gain from patent assignment to Aequitas of $15.5M (paid Oct 2025) boosts income.
Income from continuing operations $13.9M ($0.83/share) vs loss of $1.0M ($0.07/share) YoY.
Cash and accounts receivable $12.2M at Sep 30, 2025, down from $17.2M at Dec 31, 2024.

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