Neonode FY2025 revenue down 33.7% to $2.1M; net income of $8.0M on patent gain

Neonode Inc.

Revenue from continuing operations of $2.1M, down 33.7% YoY due to lower legacy demand.
Operating expenses rose 6.7% to $10.2M; cash used by operations nearly doubled to $10.3M.
Gain from patent assignment to Aequitas of $15.5M drove income of $8.0M ($0.48/shr) vs. prior year loss of $5.9M.
Cash and accounts receivable $25.7M; working capital $24.1M at year-end.
Started production with commercial vehicle OEM in December; zForce transitioned to maintenance mode; new EVP Sales & Marketing appointed.

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