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In developing our licensing business we focus on automotive OEM and tier 1 customers mainly, and we are encouraged by the interest we are seeing for our object detection, gesture sensing, and driver and in-cabin monitoring solutions. Short- and medium-term the revenue potential in this segment is from sales of non-recurring engineering services in application development projects linked to new vehicle platforms. Long-term these projects may lead to increased license revenues, typically through royalty payments per vehicle produced," concluded Dr. Forssell

Neonode Reports Quarter Ended September 30, 2022 Financial Results

Neonode Inc. (NASDAQ: NEON), today reported financial results for the three and nine months ended September 30, 2022

By AP News
Published - Nov 10, 2022, 01:16 PM ET
Last Updated - Mar 22, 2024, 03:10 PM EDT

STOCKHOLM, Nov. 10, 2022 /PRNewswire/ -- Neonode Inc. (NASDAQ: NEON), today reported financial results for the three and nine months ended September 30, 2022.

FINANCIAL SUMMARY FOR THE THREE MONTHS ENDED SEPTEMBER 30, 2022:

  • Revenue of $1.2 million, an increase of 26.4% compared to the same period in the prior year.
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