EX-99.1 2 ea024170501ex99-1_neonode.htm EARNINGS RELEASE OF THE COMPANY DATED MAY 14, 2025 Exhibit 99.1 Press Release For Release, 09:10AM ET May 14, 2025 Neonode Reports Quarter Ended March 31, 2025 Financial Results STOCKHOLM, SWEDEN, May 14, 2025 - 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 d…
Open exhibit ↗Current Report · Items 2.02, 9.01 · 8-K
Neonode Inc.
NEONNASDAQEQUITYCurrent
Results of Operations and Financial Condition
Item 2.02. Results of Operations and Financial Condition. On May 14, 2025, Neonode Inc. (the “Company”) reported its earnings for the three months ended March 31, 2025 (the “Earnings Release”). A copy of the Earnings Release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.…
Company context
Neonode Inc. (NASDAQ: NEON) is a publicly traded company, headquartered in Stockholm, Sweden and established in 2001. The Company provides advanced optical sensing solutions for contactless touch, touch, gesture control, and in-cabin monitoring. Building on experience acquired during years of advanced research and development and technology licensing, Neonode’s technology is currently deployed in more than 90 million products, and the Company holds more than 100 patents worldwide. Neonode’s customer base includes some of the world’s best-known Fortune 500 companies in the consumer electronics, office equipment, automotive, elevator, and self-service kiosk markets.