Latest news with #NeonodeInc
San Francisco Chronicle
2 days ago
- Business
- San Francisco Chronicle
Neonode: Q2 Earnings Snapshot
STOCKHOLM (AP) — STOCKHOLM (AP) — Neonode Inc. (NEON) on Wednesday reported a loss of $1.9 million in its second quarter. On a per-share basis, the Stockholm-based company said it had a loss of 11 cents. Losses, adjusted to account for discontinued operations, came to 12 cents per share. The developer of touch-based technologies posted revenue of $599,000 in the period. _____
Yahoo
14-05-2025
- Business
- Yahoo
Neonode: Q1 Earnings Snapshot
STOCKHOLM (AP) — STOCKHOLM (AP) — Neonode Inc. (NEON) on Wednesday reported a loss of $1.7 million in its first quarter. On a per-share basis, the Stockholm-based company said it had a loss of 10 cents. Losses, adjusted to account for discontinued operations, were 11 cents per share. The developer of touch-based technologies posted revenue of $513,000 in the period. _____ This story was generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on NEON at
San Francisco Chronicle
14-05-2025
- Business
- San Francisco Chronicle
Neonode: Q1 Earnings Snapshot
STOCKHOLM (AP) — STOCKHOLM (AP) — Neonode Inc. (NEON) on Wednesday reported a loss of $1.7 million in its first quarter. On a per-share basis, the Stockholm-based company said it had a loss of 10 cents. Losses, adjusted to account for discontinued operations, were 11 cents per share. The developer of touch-based technologies posted revenue of $513,000 in the period. _____
Yahoo
14-05-2025
- Business
- Yahoo
Neonode Reports Quarter Ended March 31, 2025 Financial Results
STOCKHOLM, May 14, 2025 /PRNewswire/ -- Neonode Inc. (NASDAQ: NEON) ("Neonode" or the "Company") today reported financial results for the three months ended March 31, 2025. FINANCIAL SUMMARY FOR THE QUARTER ENDED MARCH 31, 2025: Revenues from continuing operations of $0.5 million, a decrease of 37.0% compared to the same period in the prior year. Operating expenses from continuing operations of $2.5 million, a decrease of 8.0% compared to the same period in the prior year. Loss from continuing operations of $1.8 million, or $0.11 per share, compared to $1.7 million, or $0.11 per share, for the same period in the prior year. Cash used by operations of $1.4 million, compared to $1.9 million for the same period in the prior year. Cash and accounts receivable of $15.7 million as of March 31, 2025 compared to $17.2 million as of December 31, 2024. THE CEO'S COMMENTS "This quarter saw a continued decline in revenues from our legacy business as demand for our solutions in the printer market maintained its negative trend. Despite these challenges, we successfully continued to deliver on our existing customer projects, even though we did not secure any new contracts during this period. We are actively working to expand our business opportunities and advance our product roadmap across both core technology platforms: MultiSensing® and zForce®. This aims to offset the negative trend within the legacy business while driving sustainable future growth," said Daniel Alexus, President & CEO of Neonode. "Having stepped into the role as President & CEO on March 31, 2025, I am gaining deeper insights into the company, its products, and its people. My optimism about Neonode's future continues to grow. The zForce platform holds significant promise for both touch on displays and rugged applications. Moving forward, we must sharpen our focus on customer segments that are mature and positioned for sustained growth," continued Mr. Alexus. "With MultiSensing, we have developed a compelling, end-to-end in-house solution that allows us to move quickly and maintain strong quality control. We are currently delivering to a previously announced commercial vehicle OEM, and we will continue to build strategic partnerships within the automotive sector. At the same time, we are exploring new verticals where our unique value proposition, especially for addressing narrow-vision challenges, can be deployed more rapidly." "Our overarching focus for both platforms remains clear: to solve real-world problems that customers care about and are willing to invest in," concluded Mr. Alexus. FINANCIAL OVERVIEW FOR THE QUARTER ENDED MARCH 31, 2025 Revenues from continuing operations for the three months ended March 31, 2025 were $0.5 million, a 37.0% decrease compared to the same period in 2024. License revenues were $0.5 million, a decrease of 35.7% compared to the same period in 2024. The decrease was mainly due to lower demand for our legacy customers' products within printer and passenger car touch applications, offset by revenues from new licensing customers. Revenues from non-recurring engineering for the three months ended March 31, 2025 were $16,000, a 61.0% decrease compared to the same period in 2024, mainly due to fewer projects. Operating expenses from continuing operations for the three months ended March 31, 2025 were $2.5 million, a 8.0% decrease compared to the same period in 2024. Loss from continuing operations for the three months ended March 31, 2025 was $1.8 million, or $0.11 per share, compared to a loss from continuing operations of 1.7 million, or $0.11 per share for the same period in 2024. Cash used by operations was $1.4 million in the first quarter of 2025 compared to $1.9 million for the same period in 2024. The decrease was primarily due to a lower net loss and fewer component purchases following the phaseout of TSM manufacturing. Cash and accounts receivable totaled $15.7 million and working capital for continuing operations was $14.1 million as of March 31, 2025, compared to $17.2 million and $16.1 million as of December 31, 2024, respectively. Our financial position and liquidity provide stability and enable us to execute our strategy to secure more licensing opportunities for our innovative technologies. For more information, please contact: CONTACT: President and Chief Executive OfficerPierre Daniel AlexusE-mail: +46 767 60 29 90 Chief Financial OfficerFredrik NihlénE-mail: +46 703 97 21 09 This information was brought to you by Cision The following files are available for download: Neonode - 1Q 2025 Earnings Release Neonode 1Q 2025 Earnings View original content:
Yahoo
26-03-2025
- Automotive
- Yahoo
Neonode Wins Excellence Award for Innovation in Driver Monitoring Software
STOCKHOLM, March 26, 2025 /PRNewswire/ -- Neonode Inc. (NASDAQ: NEON) a leading provider of embedded sensing technologies, is thrilled to announce that it has been named a winner in the 2025 Just Auto Excellence Awards, receiving recognition in the Innovation - Driver Monitoring Software category. The award celebrates Neonode's contributions to automotive safety and driver experience through its cutting-edge Hands-on-wheel application. Just Auto notified Neonode with the following statement: "We're delighted to inform you that your entry has been successful, and Neonode will receive an award from the 2025 Just Auto Excellence Awards in the Innovation category for Driver Monitoring Software." The accolade highlights Neonode's commitment to pushing the boundaries of automotive technology with innovative, impactful and forward-thinking solutions. The 2025 Just Auto Excellence Awards recognizes outstanding achievements across the automotive industry, evaluating companies based on a rigorous methodology that includes case study submissions, research, editorial evaluation and market data. Neonode's award-winning driver monitoring software stood out in the Innovation category for its exceptional advancements, earning high marks across the awards' key scoring criteria: innovation, impact, novelty and value. Neonode's Driver Monitoring Software was commended for the following achievements: Enhancing Driver Safety: By accurately detecting hand positions on the steering wheel, Neonode's solution ensures drivers remain engaged and ready to take control in semi-autonomous vehicles, a critical feature for modern road safety. Proprietary Technology: Leveraging Neonode's MultiSensing® technology and synthetic data to train neural networks, the software showcases advanced computer vision and AI, setting a high standard for driver monitoring systems. Regulatory Compliance: Designed to meet stringent EU General Safety Regulation (GSR) and Euro NCAP requirements, the solution aligns with essential safety frameworks shaping the future of automotive design. Cost-Effective Integration: With a minimal computational footprint, the software integrates seamlessly with existing in-cabin cameras, eliminating the need for costly additional hardware. Intuitive Driver Experience: Customizable hand gestures enable drivers to control vehicle features effortlessly, reducing reliance on physical controls and enhancing interaction. Market Adaptability: Compatible with any steering wheel and deployable as a standalone or integrated solution, Neonode's software offers unparalleled flexibility in today's dynamic automotive market. "We are honored to receive this prestigious recognition from the Just Auto Excellence Awards," said Johanna Jansson, Vice President Sales & Marketing Automotive at Neonode. "This award is a testament to our team's dedication to delivering innovative and reliable solutions that enhance driver safety and redefine the in-cabin experience. Our driver monitoring software reflects Neonode's mission to harness advanced technology for real-world impact in the automotive industry." The Just Auto Excellence Awards celebrate excellence across 12 key Areas of Excellence, including Innovation, Safety and R&D, among others. Winners are featured in an online publication and an expanded Awards Report distributed by Just Auto, reaching a global audience of industry professionals. Neonode's achievement will be showcased alongside other leading innovators, reinforcing its position as a pioneer in the sector. For information about Neonode's award-winning driver monitoring software or to explore partnership opportunities, please visit For more information, please contact: Interim President and Chief Executive Officer and Chief Financial OfficerFredrik NihlénE-mail: +46 703 97 21 09 Marketing ManagerAlana GordonE-mail: +46 73 682 60 10 This information was brought to you by Cision The following files are available for download: Neonode DMS Wins Excellence Award Neonode Wins Award View original content:
