Earnings ·
Neonode Inc. reported financial results for the three and six months ended June 30, 2026
NEONNeonode Inc.
Neonode Inc. reported financial results for the three and six months ended June 30, 2026. Revenues from continuing operations decreased 20.4% to $0.5 million in Q2 and 1.9% to $1.1 million year-to-date compared to prior-year periods. The company reported a loss from continuing operations of $2.1 million ($0.13 per share) for the quarter and $4.0 million ($0.24 per share) for the six-month period. Operating expenses increased 3.2% in Q2 to $2.8 million, driven by higher advertising and travel costs. License revenue grew 9.2% to $0.4 million in Q2, while non-recurring engineering revenue fell 81.5%. Cash used by operations was $1.9 million in Q2 and $4.0 million year-to-date. As of June 30, 2026, cash and accounts receivable totaled $21.7 million. Neonode Inc. operates in the technology industry, developing advanced artificial intelligence and computer vision technologies for user interaction.