Neonode Inc. Reports 37% Revenue Decline and $1.8 Million Loss in Q1 2025; EPS Unchanged at $0.11

Reuters
05-14
<a href="https://laohu8.com/S/NEON">Neonode Inc</a>. Reports 37% Revenue Decline and $1.8 Million Loss in Q1 2025; EPS Unchanged at $0.11

Neonode Inc. has released its financial results for the quarter ended March 31, 2025. The company reported revenues from continuing operations of $0.5 million, marking a 37.0% decrease compared to the same period in the previous year. Operating expenses from continuing operations fell by 8.0% to $2.5 million for the quarter. The loss from continuing operations was $1.8 million, compared to a loss of $1.7 million in the same quarter the previous year. Cash used by operations was $1.4 million, an improvement from $1.9 million in the corresponding period of 2024. As of March 31, 2025, Neonode's cash and accounts receivable stood at $15.7 million, down from $17.2 million as of December 31, 2024. The CEO of Neonode, Daniel Alexus, noted a continued decline in revenues from legacy businesses, particularly within the printer market. Despite these challenges and the absence of new contract acquisitions during the period, the company is focusing on expanding business opportunities and advancing its product roadmap for the MultiSensing® and zForce® technology platforms. This strategic focus aims to counteract the negative trends in legacy businesses and promote sustainable future growth.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Neonode Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001213900-25-042999), on May 14, 2025, and is solely responsible for the information contained therein.

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