Neonode Reports Year Ended December 31, 2021 Financial Results
STOCKHOLM, SWEDEN, March 10, 2022 — Neonode Inc. (NASDAQ: NEON), today reported financial results for the fiscal year ended December 31, 2021.FINANCIAL SUMMARY FOR THE FISCAL YEAR ENDED DECEMBER 31, 2021:
· Revenue of $5.8 million, a decrease of 2.5% compared to prior year. · Operating expenses of $12.0 million, an increase of 8.0% compared to prior year. · Net loss of $6.5 million, or $0.54 per share, compared to $5.6 million, or $0.56 per share, for prior year. · Cash used by operations of $7.7 million compared to $5.8 million for prior year. · Cash and accounts