Neonode Reports Quarter Ended March 31, 2022 Financial Results
STOCKHOLM, SWEDEN, May 11, 2022 — Neonode Inc. (NASDAQ: NEON), today reported financial results for the three months ended March 31, 2022.FINANCIAL SUMMARY FOR THE QUARTER ENDED MARCH 31, 2022: · Revenue of $1.3 million, a decrease of 20.8% compared to the same period in the prior year. · Operating expenses of $2.6 million, a decrease of 12.2% compared to the same period in the prior year. · Net loss of $1.4 million, or $0.10 per share, compared to $1.6 million, or $0.14 per share, for the same period in the prior year. · Cash used by operations of $2.3 million