Breakthrough Driver Monitoring Software Award
Neonode announced a significant win in Q4 2023 with a leading commercial vehicle manufacturer for their driver monitoring software, marking a major milestone after several years of development.
Strong Cash Position
Despite a challenging year, Neonode reported $17.1 million in cash and accounts receivable as of December 31, 2023, an increase of $0.8 million from the previous year.
New Strategy Focus on Technology Licensing
Neonode has shifted its focus entirely to technology and software licensing, which is expected to reduce operational complexity and better fit market demands.