Neonode Reports Quarter Ended June 30, 2024 Financial Results
STOCKHOLM, SWEDEN, August 8, 2024 — Neonode Inc. (NASDAQ: NEON) (“Neonode” or the “Company”) today reported financial results for the three and six months ended June 30, 2024.FINANCIAL SUMMARY FOR THE THREE MONTHS ENDED JUNE 30, 2024:
• Revenues of $1.4 million, an increase of 18.7% compared to the same period in the prior year.• Operating expenses of $2.7 million, a decrease of 1.6% compared to the same period in the prior year.• Net loss of $1.7 million, or $0.11 per share, compared to $1.5 million, or $0.10 per share, for the same period in the prior year.• Cash used