Neonode ( (NEON) ) has released its Q3 earnings. Here is a breakdown of the information Neonode presented to its investors.
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Neonode Inc., based in Stockholm, Sweden, specializes in advanced optical sensing solutions for contactless touch and gesture control, serving industries such as consumer electronics and automotive. In its latest earnings report for the quarter ending September 30, 2025, Neonode reported a significant gain from a patent assignment, leading to a notable income from continuing operations despite a decrease in revenue. Revenues for the quarter were $0.4 million, a decrease of 48.7% from the previous year, while operating expenses increased slightly by 4%. The company achieved a substantial gain of $15.5 million from a patent assignment, resulting in an income of $13.9 million compared to a loss in the same period last year. Despite the decline in legacy business revenues, Neonode is focusing on expanding its MultiSensing AI computer vision platform and securing new partnerships in the automotive sector to drive future growth. The management remains optimistic about offsetting the downward trend in legacy business by broadening business opportunities and advancing their product roadmap.