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Stock impact report

Neonode Reports 2024 Financial Results

Neonode Inc. (NEON) 
Last neonode inc. earnings: 8/9 09:15 am Check Earnings Report
US:NASDAQ Investor Relations: neonode.com/investor-relations
Company Research Source: PR Newswire
STOCKHOLM, March 21, 2025 /PRNewswire/ -- Neonode Inc. (NASDAQ: NEON) today reported financial results for the fiscal year ended December 31, 2024.FINANCIAL SUMMARY FOR THE FISCAL YEAR ENDED DECEMBER 31, 2024:Revenues from continuing operations of $3.1 million, a decrease of 18.8% compared to the prior year.Operating expenses from continuing operations of $9.5 million, a decrease of 0.2% compared to the prior year.Loss from continuing operations of $5.9 million, or $0.37 per share, compared to $5.1 million, or $0.33 per share, for the prior year.Cash used by operations of $5.6 million, compared to $6.3 million for the prior year.Cash and accounts receivable of $17.2 million as of December 31, 2024, compared to $16.8 million for the prior year-end.THE CEO'S COMMENTS"Last year marked an important year of transition for Neonode as we discontinued Touch Sensor Module ("TSM") manufacturing and positioned ourselves for a future fully focused on technology licensing. Our licensable technolog Show less Read more
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