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.
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