Neonode Reports 2022 Financial Results
STOCKHOLM, SWEDEN, March 9, 2023 — Neonode Inc. (NASDAQ: NEON), today reported financial results for the fiscal year ended December 31, 2022.FINANCIAL SUMMARY FOR THE FISCAL YEAR ENDED DECEMBER 31, 2022: · Revenue of $5.7 million, a decrease of 2.8% compared to prior year. · Operating expenses of $10.2 million, a decrease of 15.3% compared to prior year. · Net loss of $4.9 million, or $0.36 per share, compared to $6.5 million, or $0.54 per share, for prior year. · Cash used by operations of $6.8 million compared to $7.7 million for prior year. · Cash and accounts receivable