Neonode ( (NEON) ) has released its Q2 earnings. Here is a breakdown of the information Neonode presented to its investors.
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Neonode Inc., headquartered in Stockholm, Sweden, is a publicly traded company specializing in advanced optical sensing solutions for contactless touch and gesture control, primarily serving the consumer electronics, automotive, and self-service kiosk markets. The company recently released its financial results for the quarter ended June 30, 2025, revealing a challenging period with declining revenues and increased losses.
In the second quarter of 2025, Neonode reported revenues of $0.6 million, marking a 25.2% decrease compared to the same period last year. Operating expenses rose by 5.3% to $2.7 million, resulting in a loss from continuing operations of $2.0 million, or $0.12 per share. The company’s cash and accounts receivable stood at $13.6 million as of June 30, 2025, down from $17.2 million at the end of 2024.
For the first half of 2025, Neonode’s revenues from continuing operations were $1.1 million, a 31.1% decline from the previous year. Despite a slight decrease in operating expenses, the company reported a loss from continuing operations of $3.8 million, or $0.23 per share. Cash used by operations remained steady at $3.1 million compared to the same period last year.
Looking ahead, Neonode’s management remains focused on expanding business opportunities and advancing its product roadmap, particularly in its MultiSensing® and zForce® technology platforms. The company aims to offset the negative trends in its legacy business by building strategic partnerships and exploring new verticals, especially within the automotive sector. Neonode is committed to delivering innovative solutions that meet customer needs and drive future growth.