Neonode Reports Quarter Ended June 30, 2021 Financial Results
STOCKHOLM, SWEDEN – August 11, 2021 – Neonode Inc. (NASDAQ: NEON), today reported financial results for the three and six months ending June 30, 2021. FINANCIAL SUMMARY FOR THE QUARTER ENDED JUNE 30, 2021: · Revenue of $1.7 million, an increase of 127% compared to the same period in the prior year. · Operating expenses of $3.3 million, an increase of 37.8% compared to the same period in the prior year. · Net loss of $1.7 million, or $0.14 per share, compared to $1.6 million, or $0.18 per share, for the same period in the prior year. · Cash used by operations of $1.4 million