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0 0 -0.0251836734693878 -0.0251836734693878 0.0612244897959183 0.0405306122448979 0.0285714285714285 0.020408163265306
Stock impact report

Neonode Reports Quarter Ended March 31, 2024 Financial Results [Yahoo! Finance]

Neonode Inc. (NEON) 
Last neonode inc. earnings: 8/9 09:15 am Check Earnings Report
US:NASDAQ Investor Relations: neonode.com/investor-relations
Company Research Source: Yahoo! Finance
FINANCIAL SUMMARY FOR THE QUARTER ENDED MARCH 31, 2024 Revenue of $1.0 million , a decrease of 19.1% compared to the same period in the prior year. Operating expenses of $2.9 million , an increase of 3.3% compared to the same period in the prior year. Net loss of $2.1 million , or per share, compared to $1.4 million , or per share, for the same period in the prior year. Cash used by operations of $1.9 million compared to $1.7 million for the same period in the prior year. Cash and accounts receivable of $15.3 million as of March 31, 2024 compared to $17.1 million as of December 31, 2023 THE PRESIDENT & CEO'S COMMENTS "Our revenues decreased in the first quarter of 2024 compared to the same quarter last year. Following the announcement of our change in strategy, with full focus on our licensing business and a phase-out of our products business, product sales have increased as a result of last time buy orders. Non-recurring engineering revenues also increased in the first Show less Read more
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