Neonode Reports Q1 2025 Financial Results

Neonode ( (NEON) ) has released its Q1 earnings. Here is a breakdown of the information Neonode presented to its investors.

Neonode Inc., a publicly traded company based in Stockholm, Sweden, specializes in advanced optical sensing solutions for contactless touch, gesture control, and in-cabin monitoring, with its technology deployed in over 90 million products worldwide. The company recently released its financial results for the first quarter of 2025, highlighting a decline in revenues and a continued focus on strategic growth initiatives.

In the first quarter of 2025, Neonode reported revenues of $0.5 million, marking a 37% decrease from the previous year, primarily due to reduced demand in its legacy printer market. Operating expenses decreased by 8% to $2.5 million, while the net loss from continuing operations was $1.8 million, consistent with the prior year’s loss. The company’s cash and accounts receivable stood at $15.7 million, reflecting a decrease from $17.2 million at the end of 2024.

Despite the challenging quarter, Neonode’s CEO, Daniel Alexus, expressed optimism about the company’s future, emphasizing the potential of its zForce and MultiSensing platforms. The company aims to expand its business opportunities and product roadmap to counteract the declining legacy business. Neonode is also focusing on building strategic partnerships in the automotive sector and exploring new verticals for its technology.

Looking ahead, Neonode remains committed to solving real-world problems with its innovative technologies, targeting customer segments poised for sustained growth. The company plans to leverage its strong financial position to secure more licensing opportunities and drive future growth.