Neonode Reports Quarter Ended September 30, 2023 Financial Results
STOCKHOLM, SWEDEN, November 9, 2023 — Neonode Inc. (NASDAQ: NEON) today reported financial results for the three and nine months ended September 30, 2023.FINANCIAL SUMMARY FOR THE THREE MONTHS ENDED SEPTEMBER 30, 2023: · Revenue of $1.0 million, a decrease of 17.5% compared to the same period in the prior year. · Operating expenses of $2.2 million, an increase of 6.3% compared to the same period in the prior year. · Net loss of $1.3 million, or $0.08 per share, compared to $0.8 million, or $0.06 per share, for the same period in the prior year. · Cash used by operations of $1.