STOCKHOLM, May 13, 2026 /PRNewswire/ -- Neonode Inc. (NASDAQ:NEON) ("Neonode" or the "Company") today reported financial results for the three months ended March 31, 2026.

FINANCIAL SUMMARY FOR THE THREE MONTHS ENDED MARCH 31, 2026:

Revenues from continuing operations of $0.6 million, an increase of 19.7% compared to the same period in the prior year. 

Operating expenses from continuing operations of $2.7 million, an increase of 8.6% compared to the same period in the prior year. 

Loss from continuing operations of $1.9 million, or $0.11 per share, compared to a loss of $1.8 million, or $0.11 per share, for the same period in the prior year. 

Cash used by operations of $2.1 million, compared to $1.4 million for the same period in the prior year. 

Cash and accounts receivable of $23.8 million as of March 31, 2026 compared to $25.8 million as of December 31, 2025.

THE CEO'S COMMENTS

"The first quarter of the year shows encouraging signs of improvement, with topline growth of nearly 20% compared to the same period last year. This growth was driven by performance across all geographies and both of our licensing platforms - MultiSensing® and zForce®. Importantly, we have transitioned from development to production with our MultiSensing automotive OEM customer, enabling us to begin generating new licensing revenue," said Daniel Alexus, President ...