Neonode Reports Quarter Ended June 30, 2025 Financial Results
Neonode (NASDAQ: NEON) reported challenging Q2 2025 financial results, with revenues from continuing operations declining 25.2% to $0.6 million. The company posted a loss of $2.0 million ($0.12 per share), compared to a loss of $1.7 million in Q2 2024.
License revenues decreased 34.2% to $0.4 million, primarily due to lower demand in printer and automotive infotainment markets. Operating expenses increased 5.3% to $2.7 million. Cash and accounts receivable stood at $13.6 million as of June 30, 2025, down from $17.2 million at year-end 2024.
CEO Daniel Alexus emphasized the company's focus on expanding opportunities through their MultiSensing庐 and zForce庐 technology platforms, aiming to offset declining legacy business revenues as new customers transition from deployment to production phase.
Neonode (NASDAQ: NEON) ha riportato risultati finanziari difficili nel secondo trimestre 2025, con i ricavi delle attivit脿 in corso in calo del 25,2% a $0.6 million. La societ脿 ha registrato una perdita di $2.0 million ($0.12 per azione), rispetto a una perdita di $1.7 million nel secondo trimestre 2024.
I ricavi da licenze sono diminuiti del 34,2% a $0.4 million, principalmente a causa della minore domanda nei mercati delle stampanti e dell'infotainment automobilistico. Le spese operative sono aumentate del 5,3% a $2.7 million. La liquidit脿 e i crediti verso clienti ammontavano a $13.6 million al 30 giugno 2025, in calo rispetto a $17.2 million a fine 2024.
Il CEO Daniel Alexus ha sottolineato l'impegno dell'azienda ad ampliare le opportunit脿 attraverso le piattaforme tecnologiche MultiSensing庐 e zForce庐, con l'obiettivo di compensare il calo dei ricavi delle attivit脿 storiche mentre i nuovi clienti passano dalla fase di deployment a quella di produzione.
Neonode (NASDAQ: NEON) inform贸 resultados financieros dif铆ciles en el segundo trimestre de 2025, con ingresos procedentes de operaciones continuas que disminuyeron un 25.2% hasta $0.6 million. La compa帽铆a registr贸 una p茅rdida de $2.0 million ($0.12 por acci贸n), frente a una p茅rdida de $1.7 million en el segundo trimestre de 2024.
Los ingresos por licencias cayeron un 34.2% hasta $0.4 million, principalmente por una menor demanda en los mercados de impresoras y de infoentretenimiento automotriz. Los gastos operativos aumentaron un 5.3% hasta $2.7 million. El efectivo y las cuentas por cobrar se situaron en $13.6 million al 30 de junio de 2025, frente a $17.2 million al cierre de 2024.
El CEO Daniel Alexus enfatiz贸 el enfoque de la compa帽铆a en ampliar oportunidades mediante sus plataformas tecnol贸gicas MultiSensing庐 y zForce庐, con el objetivo de compensar la ca铆da de los ingresos del negocio heredado a medida que los nuevos clientes pasan de la fase de despliegue a la de producci贸n.
Neonode (NASDAQ: NEON)鞚� 2025雲� 2攵勱赴 鞁れ爜鞚� 攵�歆勴枅雼り碃 氚滍憸頄堨溂氅�, 瓿勳啀鞓侅梾鞐愳劀鞚� 毵れ稖鞚� 25.2% 臧愳唽頃� $0.6 million鞚� 旮半頄堧嫟. 須岇偓電� $2.0 million(欤茧嫻 $0.12)鞚� 靻愳嫟鞚� 氤搓碃頄堨溂氅�, 鞚措姅 2024雲� 2攵勱赴鞚� $1.7 million 靻愳嫟瓿� 牍勱祼霅滊嫟.
霛检澊靹犾姢 毵れ稖鞚� 34.2% 臧愳唽頃� $0.4 million鞓�鞙茧┌, 欤茧 頂勲Π韯� 氚� 鞛愲彊彀� 鞚疙彫韰岇澑毹柬姼 鞁滌灔鞚� 靾橃殧 鞝�頃橁皜 鞗愳澑鞚措嫟. 鞓侅梾牍勳毄鞚� 5.3% 歃濌皜頃� $2.7 million搿� 電橃棃雼�. 順勱笀 氚� 毵れ稖毂勱秾鞚� 2025雲� 6鞗� 30鞚� 旮办 $13.6 million鞙茧, 2024雲� 毵愳潣 $17.2 million鞐愳劀 臧愳唽頄堧嫟.
CEO 雼る媹鞐� 鞎岆爥靹滌姢(Daniel Alexus)電� 靸堧鞖� 瓿犼皾霌れ澊 氚绊彫 雼硠鞐愳劀 靸濎偘 雼硠搿� 鞝勴櫂頃棎 霐半澕 旮办〈(霠堦卑鞁�) 靷梾鞚� 毵れ稖 臧愳唽毳� 靸侅噭頃橁赴 鞙勴暣 MultiSensing庐 氚� zForce庐 旮办垹 頂岆灚韽检潉 韱淀暣 旮绊殞毳� 頇曤寑頃橂姅 雿� 須岇偓臧� 欤茧牓頃橁碃 鞛堧嫟瓿� 臧曥“頄堧嫟.
Neonode (NASDAQ: NEON) a annonc茅 des r茅sultats financiers difficiles pour le deuxi猫me trimestre 2025, les revenus des activit茅s poursuivies ayant diminu茅 de 25,2% 脿 $0.6 million. La soci茅t茅 a enregistr茅 une perte de $2.0 million (0,12 $ par action), contre une perte de $1.7 million au deuxi猫me trimestre 2024.
Les revenus de licences ont baiss茅 de 34,2% 脿 $0.4 million, principalement en raison d'une demande plus faible sur les march茅s des imprimantes et de l'infodivertissement automobile. Les charges d'exploitation ont augment茅 de 5,3% 脿 $2.7 million. La tr茅sorerie et les comptes clients s'茅levaient 脿 $13.6 million au 30 juin 2025, contre $17.2 million 脿 la fin de 2024.
Le PDG Daniel Alexus a soulign茅 l'accent mis par l'entreprise sur l'茅largissement des opportunit茅s via ses plateformes technologiques MultiSensing庐 et zForce庐, visant 脿 compenser la baisse des revenus des activit茅s historiques alors que les nouveaux clients passent de la phase de d茅ploiement 脿 la production.
Neonode (NASDAQ: NEON) meldete schwierige Finanzergebnisse f眉r das zweite Quartal 2025, wobei die Ums盲tze aus fortgef眉hrten Gesch盲ftsbereichen um 25,2% auf $0.6 million zur眉ckgingen. Das Unternehmen verzeichnete einen Verlust von $2.0 million ($0.12 je Aktie) gegen眉ber einem Verlust von $1.7 million im zweiten Quartal 2024.
Die Lizenzums盲tze sanken um 34,2% auf $0.4 million, haupts盲chlich aufgrund geringerer Nachfrage in den Bereichen Drucker und Automotive-Infotainment. Die Betriebskosten stiegen um 5,3% auf $2.7 million. Zahlungsmittel und Forderungen beliefen sich zum 30. Juni 2025 auf $13.6 million, nach $17.2 million zum Jahresende 2024.
CEO Daniel Alexus betonte den Fokus des Unternehmens auf die Erweiterung von Chancen durch die Technologieplattformen MultiSensing庐 und zForce庐, um den R眉ckgang der Erl枚se aus dem Legacy-Gesch盲ft auszugleichen, w盲hrend neue Kunden vom Deployment- in die Produktionsphase 眉bergehen.
- Working capital remains solid at $12.1 million, providing stability for future operations
- Non-recurring engineering revenues increased by 4.3% year-over-year
- Strategic expansion of MultiSensing platform into new verticals beyond automotive sector
- Company maintains strong cash position despite operational challenges
- Revenue declined 25.2% year-over-year to $0.6 million
- Operating loss increased to $2.0 million from $1.7 million year-over-year
- License revenues dropped 34.2% due to lower demand in core markets
- Cash and accounts receivable decreased by $3.6 million since December 2024
- Operating expenses increased 5.3% despite revenue decline
Insights
Neonode's Q2 shows concerning 25% revenue decline, widening losses, and cash burn acceleration while awaiting new customer deployments.
Neonode's Q2 2025 results reveal continuing operational challenges with revenues from continuing operations dropping
The company's financial position is deteriorating on multiple fronts. Operating expenses increased
Perhaps most concerning is the rapid depletion of Neonode's cash reserves. Total cash and accounts receivable fell to
Management's commentary acknowledges the challenges in legacy markets but focuses on potential growth from two technology platforms: MultiSensing and zForce. However, the timing remains uncertain, with management noting that negative trends will persist until "new customers have moved from deployment phase to production phase." This transition timing is the critical factor for potential investors to monitor, as the company needs new revenue streams to offset its declining legacy business before its cash position becomes problematic.
FINANCIAL SUMMARY FOR THE THREE MONTHS ENDED JUNE 30, 2025:
- Revenues from continuing operations of
$0.6 million 25.2% compared to the same period in the prior year. - Operating expenses from continuing operations of
$2.7 million 5.3% compared to the same period in the prior year. - Loss from continuing operations of
$2.0 million $0.12 $1.7 million $0.11 - Cash used by operations of
$1.7 million $1.2 million - Cash and accounts receivable of
$13.6 million $17.2 million
FINANCIAL SUMMARY FOR THE SIX MONTHS ENDED JUNE 30, 2025:
- Revenues from continuing operations of
$1.1 million 31.1% compared to the same period in the prior year. - Operating expenses from continuing operations of
$5.2 million 1.5% compared to the same period in the prior year. - Loss from continuing operations of
$3.8 million $0.23 $3.4 million $0.22 - Cash used by operations of
$3.1 million $3.1 million
THE CEO'S COMMENTS
"The second quarter of this year continued to see a decline in revenues from our legacy business as demand for our solutions in the printer and automotive infotainment markets maintained their negative trend. Despite these challenges 鈥� that we expect to remain until new customers have moved from deployment phase to production phase 鈥� we are actively working to expand business opportunities and advance the product roadmap across our two core technology platforms: MultiSensing庐 and zForce庐. This will drive the company's sustainable future growth and will in time offset the negative trend within the legacy business," said Daniel Alexus, President & CEO of Neonode.
"For MultiSensing, we continue to build on and invest in being the first mover in fully synthetic, data-driven HMI solutions 鈥� where our execution speed will continue to outperform the competition. While we continue to deliver on previously announced customer projects, we will also continue to build strategic partnerships within the automotive sector. In parallel, we are exploring new verticals where our unique value proposition, especially for addressing narrow-vision challenges, can be deployed more rapidly. With the zForce聽platform, we continue to serve our existing customer base while focusing on new project deliveries."
"Our continued priority across both platforms is to deliver attractive solutions that address the challenges our customers face and that they see as worth investing in," concluded Mr. Alexus.
FINANCIAL OVERVIEW FOR THE QUARTER ENDED JUNE 30, 2025
Revenues from continuing operations for the three months ended June 30, 2025 were
Revenues from non-recurring engineering for the three months ended June 30, 2025 were
Operating expenses from continuing operations for the three months ended June 30, 2025 were
Loss from continuing operations for the three months ended June 30, 2025 was
Cash used by operations was
Cash and accounts receivable totaled
For more information, please contact:
CONTACT:
President and Chief Executive Officer
Pierre Daniel Alexus
E-mail: [email protected]
Phone: +46 767 60 29 90
Chief Financial Officer
Fredrik Nihl茅n
E-mail: [email protected]
Phone: +46 703 97 21 09
This information was brought to you by Cision
The following files are available for download:
| Neonode - 2Q 2025 Earnings Release |
https://news.cision.com/neonode/i/neonode-2q-earnings-2025,c3460330 | neonode-2q-earnings-2025 |
View original content:
SOURCE Neonode
FAQ
What were Neonode's (NEON) Q2 2025 earnings results?
How much cash does Neonode (NEON) have as of Q2 2025?
What caused Neonode's revenue decline in Q2 2025?
What is Neonode's strategy to address declining revenues?
How much did Neonode's license revenues decrease in Q2 2025?
