Neonode Reports Quarter Ended June 30, 2022 Financial Results
STOCKHOLM, SWEDEN, August 11, 2022 — Neonode Inc. (NASDAQ: NEON), today reported financial results for the three and six months ended June 30, 2022.FINANCIAL SUMMARY FOR THE THREE MONTHS ENDED JUNE 30, 2022: · Revenue of $1.3 million, a decrease of 26.3% compared to the same period in the prior year. · Operating expenses of $2.8 million, a decrease of 13.7% compared to the same period in the prior year. · Net loss of $1.5 million, or $0.11 per share, compared to $1.7 million, or $0.14 per share, for the same period in the prior year. · Cash used by operations of $2.9