Neonode Reports Quarter Ended March 31, 2023 Financial Results
STOCKHOLM, SWEDEN, May 11, 2023 — Neonode Inc. (NASDAQ: NEON) today reported financial results for the three months ended March 31, 2023.FINANCIAL SUMMARY FOR THE QUARTER ENDED MARCH 31, 2023: · Revenue of $1.3 million, a decrease of 4.9% compared to the same period in the prior year. · Operating expenses of $2.8 million, an increase of 4.9% compared to the same period in the prior year. · Net loss of $1.4 million, or $0.09 per share, compared to $1.4 million, or $0.10 per share, for the same period in the prior year. · Cash used by operations of $1.7 million compared to $2.3