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® and zForce® 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 attività in corso in calo del 25,2% a $0.6 million. La società 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 liquidità 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 opportunità attraverso le piattaforme tecnologiche MultiSensing® e zForce®, con l'obiettivo di compensare il calo dei ricavi delle attività storiche mentre i nuovi clienti passano dalla fase di deployment a quella di produzione.
Neonode (NASDAQ: NEON) informó resultados financieros difíciles en el segundo trimestre de 2025, con ingresos procedentes de operaciones continuas que disminuyeron un 25.2% hasta $0.6 million. La compañía registró una pérdida de $2.0 million ($0.12 por acción), frente a una pérdida 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 enfatizó el enfoque de la compañía en ampliar oportunidades mediante sus plataformas tecnológicas MultiSensing® y zForce®, con el objetivo de compensar la caída de los ingresos del negocio heredado a medida que los nuevos clientes pasan de la fase de despliegue a la de producción.
Neonode (NASDAQ: NEON)은 2025년 2분기 실적이 부진했다고 발표했으며, 계속영업에서의 매출이 25.2% 감소해 $0.6 million을 기록했다. 회사는 $2.0 million(주당 $0.12)의 손실을 보고했으며, 이는 2024년 2분기의 $1.7 million 손실과 비교된다.
라이선스 매출은 34.2% 감소해 $0.4 million였으며, 주로 프린터 및 자동차 인포테인먼트 시장의 수요 저하가 원인이다. 영업비용은 5.3% 증가해 $2.7 million로 늘었다. 현금 및 매출채권은 2025년 6월 30일 기준 $13.6 million으로, 2024년 말의 $17.2 million에서 감소했다.
CEO 다니엘 알렉서스(Daniel Alexus)는 새로운 고객들이 배포 단계에서 생산 단계로 전환함에 따라 기존(레거시) 사업의 매출 감소를 상쇄하기 위해 MultiSensing® 및 zForce® 기술 플랫폼을 통해 기회를 확대하는 데 회사가 주력하고 있다고 강조했다.
Neonode (NASDAQ: NEON) a annoncé des résultats financiers difficiles pour le deuxième trimestre 2025, les revenus des activités poursuivies ayant diminué de 25,2% à $0.6 million. La société a enregistré une perte de $2.0 million (0,12 $ par action), contre une perte de $1.7 million au deuxième trimestre 2024.
Les revenus de licences ont baissé de 34,2% à $0.4 million, principalement en raison d'une demande plus faible sur les marchés des imprimantes et de l'infodivertissement automobile. Les charges d'exploitation ont augmenté de 5,3% à $2.7 million. La trésorerie et les comptes clients s'élevaient à $13.6 million au 30 juin 2025, contre $17.2 million à la fin de 2024.
Le PDG Daniel Alexus a souligné l'accent mis par l'entreprise sur l'élargissement des opportunités via ses plateformes technologiques MultiSensing® et zForce®, visant à compenser la baisse des revenus des activités historiques alors que les nouveaux clients passent de la phase de déploiement à la production.
Neonode (NASDAQ: NEON) meldete schwierige Finanzergebnisse für das zweite Quartal 2025, wobei die Umsätze aus fortgeführten Geschäftsbereichen um 25,2% auf $0.6 million zurückgingen. Das Unternehmen verzeichnete einen Verlust von $2.0 million ($0.12 je Aktie) gegenüber einem Verlust von $1.7 million im zweiten Quartal 2024.
Die Lizenzumsätze sanken um 34,2% auf $0.4 million, hauptsächlich 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® und zForce®, um den Rückgang der Erlöse aus dem Legacy-Geschäft auszugleichen, während neue Kunden vom Deployment- in die Produktionsphase übergehen.
- 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 – that we expect to remain until new customers have moved from deployment phase to production phase – we are actively working to expand business opportunities and advance the product roadmap across our two core technology platforms: MultiSensing® and zForce®. 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 – 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 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: daniel.alexus@neonode.com
Phone: +46 767 60 29 90
Chief Financial Officer
Fredrik Nihlén
E-mail: fredrik.nihlen@neonode.com
Phone: +46 703 97 21 09
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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 |
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SOURCE Neonode
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