NEON

STOCKHOLM, Aug. 12, 2026 /PRNewswire/ -- Neonode Inc. (NASDAQ: NEON) ("Neonode" or the "Company") today reported financial results for the three and six months ended June 30, 2026. FINANCIAL SUMMARY FOR THE THREE MONTHS ENDED JUNE 30, 2026: Revenues from continuing operations of $0.5 million, an decrease of 20.4% compared to the same period in the prior year. Operating expenses from continuing operations of $2.8 million, an increase of 3.2% compared to the same period in the prior year. Loss from continuing operations of $2.1 million, or $0.13 per share, compared to a loss of $2.0 million, or $0.12 per share, for the same period in the prior year. Cash used by operations of $1.9 million, compared to $1.8 million for the same period in the prior year. Cash and accounts receivable of $21.7 million as of June 30, 2026 compared to $25.8 million as of December 31, 2025 FINANCIAL SUMMARY FOR THE SIX MONTHS ENDED JUNE 30, 2026: Revenues from continuing operations of $1.1 million, a decrease of 1.9% compared to the same period in the prior year. Operating expenses from continuing operations of $5.5 million, an increase of 5.8% compared to the same period in the prior year. Loss from continuing operations of $4.0 million, or $0.24 per share, compared to a loss of $3.8 million, or $0.23 per share, for the same period in the prior year. Cash used by operations of $4.0 million, compared to $3.1 million for the same period in the prior year THE CEO'S COMMENTS "During the second quarter, we continued to make progress in the transformation of Neonode toward a more scalable software licensing business. While total revenue declined due to lower non-recurring engineering revenue, license revenue increased compared to the same period last year. Most notably, MultiSensing® license revenue grew more than fivefold in the second quarter of 2026 compared with the same period in 2025, reflecting our automotive customer's continued production ramp-up and the increasing adoption of our technology," said Daniel Alexus, President & CEO of Neonode. "Beyond revenue growth, we achieved several important milestones during the quarter. We strengthened the competitiveness of our MultiSensing platform through continued product development, met key performance targets for automotive sensing applications, and advanced engagements with automotive OEMs, tier 1 suppliers and strategic partners. These activities reinforce our confidence in the long-term opportunity for our technology and support our continued expansion of the licensing business." "Looking ahead, our priorities remain clear: execute on existing customer programs, convert ongoing evaluations and partner engagements into commercial agreements, and expand our presence in selected growth markets. Supported by a strong balance sheet and liquidity position, we believe Neonode is well positioned to capitalize on future licensing opportunities and create long-term value for shareholders," concluded Mr. Alexus. FINANCIAL OVERVIEW FOR THE QUARTER ENDED JUNE 30, 2026 Revenues from continuing operations for the three months ended June 30, 2026 were $0.5 million, a decrease of 20.4% compared to the same period in 2025. License revenues were $0.4 million, an increase of 9.2% compared to the same period in 2025. The increase was mainly due to new license agreements. Revenues from non-recurring engineering for the three months ended June 30, 2026 were $36,000, a decrease of 81.5% compared to the same period in 2025. The decrease was the result of decreased project deliveries. Operating expenses from continuing operations for the three months ended June 30, 2026 were $2.8 million, an increase of 3.2% compared to the same period in 2025. The increase was mainly related to higher advertising and travel expenses. Loss from continuing operations for the three months ended June 30, 2026 was $2.1 million, or $0.13 per share, compared to a loss from continuing operations of $2.0 million, or $0.12 per share for the same period in 2025. Cash used by operations was $1.9 million in the first quarter of 2026 compared to $1.8 million for the same quarter in 2025. The increase was primarily due to a higher net loss and smaller reduction in accounts receivable compared to the same period in 2025. Cash and accounts receivable totaled $21.7 million and working capital for continuing operations was $20.3 million as of June 30, 2026, compared to $25.8 million and $24.1 million as of December 31, 2025, respectively. Our financial position and liquidity provide stability and enable us to execute our strategy to secure more licensing opportunities for our innovative technologies. For more information, please contact:President and Chief Executive OfficerPierre Daniel AlexusE-mail: [email protected]: +46 767 60 29 90Chief Financial OfficerFredrik NihlénE-mail: [email protected]: +46 703 97 21 09 This information was brought to you by Cision http://news.cision.com https://news.cision.com/neonode/r/neonode-reports-quarter-ended-june-30--2026-financial-results,c4382458 The following files are available for download: View original content:https://www.prnewswire.co.uk/news-releases/neonode-reports-quarter-ended-june-30-2026-financial-results-302849760.html

STOCKHOLM, May 13, 2026 /PRNewswire/ -- Neonode Inc. (NASDAQ: NEON) ("Neonode" or the "Company") today reported financial results for the three months ended March 31, 2026. FINANCIAL SUMMARY FOR THE THREE MONTHS ENDED MARCH 31, 2026: Revenues from continuing operations of $0.6 million, an increase of 19.7% compared to the same period in the prior year. Operating expenses from continuing operations of $2.7 million, an increase of 8.6% compared to the same period in the prior year. Loss from continuing operations of $1.9 million, or $0.11 per share, compared to a loss of $1.8 million, or $0.11 per share, for the same period in the prior year. Cash used by operations of $2.1 million, compared to $1.4 million for the same period in the prior year. Cash and accounts receivable of $23.8 million as of March 31, 2026 compared to $25.8 million as of December 31, 2025. THE CEO'S COMMENTS "The first quarter of the year shows encouraging signs of improvement, with topline growth of nearly 20% compared to the same period last year. This growth was driven by performance across all geographies and both of our licensing platforms - MultiSensingﾮ and zForceﾮ. Importantly, we have transitioned from development to production with our MultiSensing automotive OEM customer, enabling us to begin generating new licensing revenue," said Daniel Alexus, President & CEO of Neonode. "Revenue decline stabilized during the quarter and was partially offset by new growth from MultiSensing. While we expect continued decline in our zForce legacy business - particularly within the printer and automotive infotainment segments due to subdued demand - we see continued potential for license growth in MultiSensing as our automotive customer scales production." "In summary, our priorities remain to execute on existing projects, expand strategic partnerships within the automotive sector, and explore new verticals where our technology can deliver significant customer value. A key area of focus is the retail segment, where we see opportunities in loss prevention, as well as customer analytics solutions," concluded Mr. Alexus. FINANCIAL OVERVIEW FOR THE QUARTER ENDED MARCH 31, 2026 Revenues from continuing operations for the three months ended March 31, 2026 were $0.6 million, an increase of 19.7% compared to the same period in 2025. License revenues were $0.6 million, an increase of 19.1% compared to the same period in 2025. The increase was mainly due to new license agreements. Revenues from non-recurring engineering for the three months ended March 31, 2026 were $22,000, an increase of 37.5% compared to the same period in 2025. The increase was the result of increased project deliveries. Operating expenses from continuing operations for the three months ended March 31, 2026 were $2.7 million, an increase of 8.6% compared to the same period in 2025. The increase was mainly related to increased professional fees due to recertifications of ISO 9001 and ISO 27001 and tax analysis of the net income for 2025. Loss from continuing operations for the three months ended March 31, 2026 was $1.9 million, or $0.11 per share, compared to a loss from continuing operations of $1.8 million, or $0.11 per share for the same period in 2025. Cash used by operations was $2.1 million in the first quarter of 2026 compared to $1.4 million for the same quarter in 2025. The increase was primarily due to a higher net loss, higher unbilled revenues and higher prepaid expenses. Cash and accounts receivable totaled $23.8 million and working capital for continuing operations was $22.3 million as of March 31, 2026, compared to $25.8 million and $24.1 million as of December 31, 2025, respectively. Our financial position and liquidity provide stability and enable us to execute our strategy to secure more licensing opportunities for our innovative technologies. For more information, please contact: CONTACT: President and Chief Executive Officer Pierre Daniel Alexus E-mail: [email protected] Phone: +46 767 60 29 90 Chief Financial Officer Fredrik Nihl￩n E-mail: [email protected] Phone: +46 703 97 21 09 This information was brought to you by Cision http://news.cision.com https://news.cision.com/neonode/r/neonode-reports-quarter-ended-march-31--2026-financial-results,c4348253 The following files are available for download: View original content:https://www.prnewswire.co.uk/news-releases/neonode-reports-quarter-ended-march-31-2026-financial-results-302771175.html

STOCKHOLM, March 18, 2026 /PRNewswire/ -- Neonode Inc. (NASDAQ: NEON) ("Neonode" or the "Company") today reported financial results for the fiscal year ended December 31, 2025. FINANCIAL SUMMARY FOR THE FISCAL YEAR ENDED DECEMBER 31, 2025: Revenues from continuing operations of $2.1 million, a decrease of 33.7% compared to the prior year. Operating expenses from continuing operations of $10.2 million, an increase of 6.7% compared to the prior year. Gain from patent assignment of $15.5 million after brokerage fee. Income from continuing operations of $8.0 million, or $0.48 per share, compared to a loss of $5.9 million, or $0.37 per share, for the prior year. Cash used by operations of $10.3 million, compared to $5.6 million for the prior year. Cash and accounts receivable of $25.7 million as of December 31, 2025 compared to $17.2 million million for the prior year-end. PATENT ASSIGNMENT HIGHLIGHTS FOR THE FISCAL YEAR ENDED DECEMBER 31, 2025: Gains from the patent assignment to Aequitas Technologies LLC ("Aequitas") amounted to $15.5 million. in cash paid in October 2025. This amount represents the final outcome of the process by Neonode Smartphone LLC, an unrelated third party that is a subsidiary of Aequitas ("Aequitas Sub"), against Samsung Electronics Co., Ltd. and Samsung Electronics America, Inc., excluding any potential tax recoveries. On September 15, 2025, the United States District Court for the Northern District of California granted a joint motion to lift the stay in the case between Aequitas Sub and Apple Inc. (assigned docket number 6:20-cv-00505-ADA). The legal proceedings between the two parties will now resume. THE CEO'S COMMENTS "2025 was a year of meaningful transformation, even as we continued to face significant top-line pressure. This transformation laid the foundation for a refocused strategic direction as we move into 2026. As part of this shift, we transitioned the zForce platform into maintenance mode to intensify our focus on our MultiSensing technology platform and direct our efforts and investments toward computer vision and machine learning technology leadership," said Daniel Alexus, President & CEO of Neonode. "We also realigned our go-to-market approach by unifying our sales and marketing organizations and appointing a new Executive Vice President for Sales & Marketing to our leadership team – now consisting of the CEO, CFO, EVP Product & Engineering, and EVP Sales & Marketing. We believe this unified and strengthened structure positions us to execute on our strategy with a strong commercial focus and alignment around our MultiSensing platform and target markets." "Within MultiSensing, we prioritized customer delivery throughout the year, which culminated with the start of production with our previously announced commercial vehicle OEM in December – an important validation of our solution maturity and commercial readiness. While our legacy zForce business continued its expected decline as part of the planned transition, we experienced growth with NEXTY Electronics as they moved their zForce-based next-generation amusement systems into production late in the year," Mr. Alexus continued. "In 2026, our focus is squarely on driving growth for our MultiSensing business. This includes expanding license revenues from our first DMS production customer and advancing additional strategic partnerships across the automotive industry. Although automotive OEMs are navigating cost pressures, geopolitical uncertainty, and consolidation, the in-cabin sensing market remains on a long-term growth trajectory, driven by regulatory requirements, advancements in autonomy, and heightened expectations for enhanced cabin experiences." "Beyond automotive, we are also evaluating additional growth verticals where MultiSensing offers a strong product-market fit and we can shorten time to revenue for our investments into our technology platform," Mr. Alexus concluded. FINANCIAL OVERVIEW FOR THE FISCAL YEAR ENDED DECEMBER 31, 2025 Revenues from continuing operations for fiscal 2025 were $2.1 million, a 33.7% decrease compared to 2024. License revenues were $1.8 million, a decrease of 32.2% compared to 2024. The decrease was mainly due to lower demand for our legacy customers' products within printer and passenger car touch applications. Revenues from non-recurring engineering for fiscal 2025 were $0.2 million, a 43.0% decrease compared to 2024. Operating expenses from continuing operations for fiscal 2025 were $10.2 million, a 6.7% increase compared to 2024. The increase was mainly due to unfavorable exchange rate development and higher professional fees. Gain from the patent assignment to Aequitas after a brokerage fee payable by the Company in connection with the original assignment was $15.5 million. Income from continuing operations for fiscal 2025 was $8.0 million, or $0.48 per share, compared to a loss from continuing operations of $5.9 million, or $0.37 per share for 2024. Cash used by operations was $10.3 million in fiscal 2025 compared to $5.6 million for 2024. The decrease was primarily due to the brokerage fee payable by the Company in connection with the original patent assignment to Aequitas. Cash and accounts receivable totaled $25.7 million and working capital for continuing operations was $24.1 million as of December 31, 2025, compared to $17.2 million and $16.1 million as of December 31, 2024, respectively. Our financial position and liquidity provide stability and enable us to execute our strategy to secure more licensing opportunities for our innovative technologies. For more information, please contact: President and Chief Executive Officer Pierre Daniel Alexus E-mail: [email protected] Phone: +46 767 60 29 90 Chief Financial Officer Fredrik Nihlén E-mail: [email protected] Phone: +46 703 97 21 09 This information was brought to you by Cision http://news.cision.com https://news.cision.com/neonode/r/neonode-reports-2025-financial-results,c4323010 The following files are available for download: View original content:https://www.prnewswire.co.uk/news-releases/neonode-reports-2025-financial-results-302717526.html

The healthy profit announcement from Neonode Inc. (NASDAQ:NEON ) didn't seem to impress investors. We think that they may be worried about something else, so we did some analysis and found that investors have noticed some soft numbers underlying the profit. Trump has pledged to "unleash" American oil and gas and these 15 US stocks have developments that are poised to benefit. One key financial ratio used to measure how well a company converts its profit to free cash flow (FCF) is the accrual ratio. To get the accrual ratio we first subtract FCF from profit for a period, and then divide that number by the average operating assets for the period. You could think of the accrual ratio from cashflow as the 'non-FCF profit ratio'. That means a negative accrual ratio is a good thing, because it shows that the company is bringing in more free cash flow than its profit would suggest. That is not intended to imply we should worry about a positive accrual ratio, but it's worth noting where the accrual ratio is rather high. To quote a 2014 paper by Lewellen and Resutek, "firms with higher accruals tend to be less profitable in the future". Over the twelve months to September 2025, Neonode recorded an accrual ratio of 1.86. Statistically speaking, that's a real negative for future earnings. And indeed, during the period the company didn't produce any free cash flow whatsoever. Over the last year it actually had negative free cash flow of US$5.9m, in contrast to the aforementioned profit of US$8.67m. We also note that Neonode's free cash flow was actually negative last year as well, so we could understand if shareholders were bothered by its outflow of US$5.9m. Having said that, there is more to the story. We can see that unusual items have impacted its statutory profit, and therefore the accrual ratio. Check out our latest analysis for Neonode That might leave you wondering what analysts are forecasting in terms of future profitability. Luckily, you can click here to see an interactive graph depicting future profitability, based on their estimates. Given the accrual ratio, it's not overly surprising that Neonode's profit was boosted by unusual items worth US$19m in the last twelve months. We can't deny that higher profits generally leave us optimistic, but we'd prefer it if the profit were to be sustainable. When we crunched the numbers on thousands of publicly listed companies, we found that a boost from unusual items in a given year is often not repeated the next year. And that's as you'd expect, given these boosts are described as 'unusual'. We can see that Neonode's positive unusual items were quite significant relative to its profit in the year to September 2025. All else being equal, this would likely have the effect of making the statutory profit a poor guide to underlying earnings power. Neonode had a weak accrual ratio, but its profit did receive a boost from unusual items. For all the reasons mentioned above, we think that, at a glance, Neonode's statutory profits could be considered to be low quality, because they are likely to give investors an overly positive impression of the company. So while earnings quality is important, it's equally important to consider the risks facing Neonode at this point in time. When we did our research, we found 4 warning signs for Neonode (2 are significant!) that we believe deserve your full attention. Our examination of Neonode has focussed on certain factors that can make its earnings look better than they are. And, on that basis, we are somewhat skeptical. But there is always more to discover if you are capable of focussing your mind on minutiae. For example, many people consider a high return on equity as an indication of favorable business economics, while others like to 'follow the money' and search out stocks that insiders are buying. While it might take a little research on your behalf, you may find this free collection of companies boasting high return on equity, or this list of stocks with significant insider holdings to be useful. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

STOCKHOLM, Nov. 6, 2025 /PRNewswire/ -- Neonode Inc. (NASDAQ: NEON) ("Neonode" or the "Company") today reported financial results for the three and nine months ended September 30, 2025. FINANCIAL SUMMARY FOR THE THREE MONTHS ENDED SEPTEMBER 30, 2025: Revenues from continuing operations of $0.4 million, a decrease of 48.7% compared to the same period in the prior year. Operating expenses from continuing operations of $2.1 million, an increase of 4.0% compared to the same period in the prior year. Gain from patent assignment after brokerage fee of $15.5 million, which was paid in October 2025. Income from continuing operations of $13.9 million, or $0.83 per share, compared to a loss of $1.0 million, or $0.07 per share, for the same period in the prior year. Cash used by operations of $1.5 million, compared to $1.3 million for the same period in the prior year. Cash and accounts receivable of $12.2 million (excluding gain from patent assignment, which was paid in October 2025) as of September 30, 2025 compared to $17.2 million as of December 31, 2024. FINANCIAL SUMMARY FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2025: Revenues from continuing operations of $1.5 million, a decrease of 37.1% compared to the same period in the prior year. Operating expenses from continuing operations of $7.3 million, an increase of 0.9% compared to the same period in the prior year. Gain from patent assignment of $15.5 million after brokerage fee, which was paid in October 2025. Income from continuing operations of $10.2 million, or $0.60 per share, compared to a loss of $4.4 million, or $0.28 per share, for the same period in the prior year. Cash used by operations of $4.6 million, compared to $4.4 million for the same period in the prior year. PATENT ASSIGNMENT HIGHLIGHTS FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2025: Gains from the patent assignment to Aequitas Technologies LLC ("Aequitas") amounted to $15.5 million. in cash paid in October 2025. This amount represents the final outcome of the process by Neonode Smartphone LLC, an unrelated third party that is a subsidiary of Aequitas ("Aequitas Sub"), against Samsung Electronics Co., Ltd. and Samsung Electronics America, Inc., excluding any potential tax recoveries. On September 15, 2025, the United States District Court for the Northern District of California granted a joint motion to lift the stay in the case between Aequitas Sub and Apple Inc. (assigned docket number 6:20-cv-00505-ADA). The legal proceedings between the two parties will now resume. THE CEO'S COMMENTS "The third quarter of this year continued to reflect a decline in revenues from our legacy business, as demand in the printer and automotive infotainment segments remained subdued. While we anticipate these headwinds will persist until new customers transition from deployment to full production, we are proactively broadening our business opportunities and advancing our product roadmap. These initiatives are designed to support long-term, sustainable growth and we believe they will offset the downward trend in our legacy business," said Daniel Alexus, President & CEO of Neonode. "For MultiSensing®, we're reinforcing our leadership in fully synthetic, data-driven HMI solutions, where our execution speed continues to differentiate us. We're delivering on existing projects, expanding strategic partnerships in the automotive market, and exploring new verticals where our technology can address narrow-vision challenges and scale quickly." "In the third quarter, we made the strategic decision to transition the zForce® platform into maintenance mode, focusing on serving existing customers through the remainder of its product lifecycle. This decision was driven by market dynamics that have significantly narrowed the addressable market for the solution. Moving forward, we are aligning the company around future-proofing our MultiSensing AI computer vision platform for expanded deployment in the automotive sector and exploring additional application areas where MultiSensing can deliver meaningful value by solving real-world customer challenges," Mr. Alexus continued. "In summary, revenues from our legacy business are declining faster than anticipated, and we continue to focus on securing new partnerships in our target market – automotive – to secure future growth and a pathway to long-term profitability," concluded Mr. Alexus. FINANCIAL OVERVIEW FOR THE QUARTER ENDED SEPTEMBER 30, 2025 Revenues from continuing operations for the three months ended September 30, 2025 were $0.4 million, a decrease of 48.7% compared to the same period in 2024. License revenues were $0.4 million, a decrease of 44.5% compared to the same period in 2024. The decrease was mainly due to lower demand for our legacy customers' products within printer and passenger car touch applications. Revenues from non-recurring engineering for the three months ended September 30, 2025 were $24,000, a decrease of 77.6% compared to the same period in 2024. Operating expenses from continuing operations for the three months ended September 30, 2025 were $2.1 million, an increase of 4.0% compared to the same period in 2024. Gain from the patent assignment to Aequitas, including a brokerage fee payable by the Company in connection with the original assignment, were $15.5 million. Income from continuing operations for the three months ended September 30, 2025 was $13.9 million, or $0.83 per share, compared to a loss from continuing operations of $1.0 million, or $0.07 per share for the same period in 2024. Cash used by operations was $1.5 million in the third quarter of 2025 compared to $1.3 million for the same period in 2024. The increase was primarily due to a higher net loss, excluding the gain from the patent assignment. Cash and accounts receivable totaled $12.2 million and working capital for continuing operations was $26.2 million as of September 30, 2025, compared to $17.2 million and $16.1 million as of December 31, 2024, respectively. Our financial position and liquidity provide stability and enable us to execute our strategy to secure more licensing opportunities for our innovative technologies. For more information, please contact: CONTACT: President and Chief Executive Officer Pierre Daniel Alexus E-mail: [email protected] Phone: +46 767 60 29 90 Chief Financial Officer Fredrik Nihlén E-mail: [email protected] Phone: +46 703 97 21 09 This information was brought to you by Cision http://news.cision.com https://news.cision.com/neonode/r/neonode-reports-quarter-ended-september-30--2025-financial-results,c4263212 The following files are available for download: View original content:https://www.prnewswire.co.uk/news-releases/neonode-reports-quarter-ended-september-30-2025-financial-results-302607341.html

STOCKHOLM, Aug. 13, 2025 /PRNewswire/ -- Neonode Inc. (NASDAQ: NEON) ("Neonode" or the "Company") today reported financial results for the three and six months ended June 30, 2025. FINANCIAL SUMMARY FOR THE THREE MONTHS ENDED JUNE 30, 2025: Revenues from continuing operations of $0.6 million, a decrease of 25.2% compared to the same period in the prior year. Operating expenses from continuing operations of $2.7 million, an increase of 5.3% compared to the same period in the prior year. Loss from continuing operations of $2.0 million, or $0.12 per share, compared to $1.7 million, or $0.11 per share, for the same period in the prior year. Cash used by operations of $1.7 million, compared to $1.2 million for the same period in the prior year. Cash and accounts receivable of $13.6 million as of June 30, 2025 compared to $17.2 million as of December 31, 2024. FINANCIAL SUMMARY FOR THE SIX MONTHS ENDED JUNE 30, 2025: Revenues from continuing operations of $1.1 million, a decrease of 31.1% compared to the same period in the prior year. Operating expenses from continuing operations of $5.2 million, a decrease of 1.5% compared to the same period in the prior year. Loss from continuing operations of $3.8 million, or $0.23 per share, compared to $3.4 million, or $0.22 per share, for the same period in the prior year. Cash used by operations of $3.1 million, compared to $3.1 million for the same period in the prior year. THE CEO'S COMMENTS "The second quarter of this year continued to see a decline in revenues from our legacy business as demand for our solutions in the printer and automotive infotainment markets maintained their negative trend. Despite these challenges – that we expect to remain until new customers have moved from deployment phase to production phase – we are actively working to expand business opportunities and advance the product roadmap across our two core technology platforms: MultiSensing® and zForce®. This will drive the company's sustainable future growth and will in time offset the negative trend within the legacy business," said Daniel Alexus, President & CEO of Neonode. "For MultiSensing, we continue to build on and invest in being the first mover in fully synthetic, data-driven HMI solutions – where our execution speed will continue to outperform the competition. While we continue to deliver on previously announced customer projects, we will also continue to build strategic partnerships within the automotive sector. In parallel, we are exploring new verticals where our unique value proposition, especially for addressing narrow-vision challenges, can be deployed more rapidly. With the zForce platform, we continue to serve our existing customer base while focusing on new project deliveries." "Our continued priority across both platforms is to deliver attractive solutions that address the challenges our customers face and that they see as worth investing in," concluded Mr. Alexus. FINANCIAL OVERVIEW FOR THE QUARTER ENDED JUNE 30, 2025 Revenues from continuing operations for the three months ended June 30, 2025 were $0.6 million, a 25.2% decrease compared to the same period in 2024. License revenues were $0.4 million, a decrease of 34.2% compared to the same period in 2024. The decrease was mainly due to lower demand for our legacy customers' products within printer and passenger car touch applications, offset by revenues from new licensing customers. Revenues from non-recurring engineering for the three months ended June 30, 2025 were $0.2 million, a 4.3% increase compared to the same period in 2024. Operating expenses from continuing operations for the three months ended June 30, 2025 were $2.7 million, a 5.3% increase compared to the same period in 2024. Loss from continuing operations for the three months ended June 30, 2025 was $2.0 million, or $0.12 per share, compared to a loss from continuing operations of 1.7 million, or $0.11 per share for the same period in 2024. Cash used by operations was $1.7 million in the second quarter of 2025 compared to $1.2 million for the same period in 2024. The increase was primarily due to a lower net loss and fewer component purchases following the phaseout of TSM manufacturing. Cash and accounts receivable totaled $13.6 million and working capital for continuing operations was $12.1 million as of June 30, 2025, compared to $17.2 million and $16.1 million as of December 31, 2024, respectively. Our financial position and liquidity provide stability and enable us to execute our strategy to secure more licensing opportunities for our innovative technologies. For more information, please contact: CONTACT: President and Chief Executive Officer Pierre Daniel Alexus E-mail: [email protected] Phone: +46 767 60 29 90 Chief Financial Officer Fredrik Nihlén E-mail: [email protected] Phone: +46 703 97 21 09 This information was brought to you by Cision http://news.cision.com https://news.cision.com/neonode/r/neonode-reports-quarter-ended-june-30--2025-financial-results,c4217410 The following files are available for download: View original content:https://www.prnewswire.co.uk/news-releases/neonode-reports-quarter-ended-june-30-2025-financial-results-302529029.html