How is Neonode's MultiSensing license revenue trending in Q2 2026?

Neonode stated that MultiSensing license revenue grew more than fivefold in Q2 2026 compared with Q2 2025. According to Neonode, this reflects an automotive customer's continued production ramp-up and increasing adoption of its technology within automotive sensing applications and licensing programs.

Neonode Reports Quarter Ended June 30, 2026 Financial Results

Q: How did Neonode (NASDAQ: NEON) perform financially in Q2 2026?

Neonode reported Q2 2026 revenues of $0.5 million and a loss from continuing operations of $2.1 million . According to Neonode, revenue declined 20.4% year over year, while operating expenses rose 3.2% to $2.8 million, slightly increasing the loss versus Q2 2025.

Q: What were Neonode (NEON) revenues and losses for the six months ended June 30, 2026?

For the first half of 2026, Neonode reported revenues of $1.1 million and a loss from continuing operations of $4.0 million . According to Neonode, revenue fell 1.9% year over year, operating expenses rose 5.8% to $5.5 million, and loss per share was $0.24.

Q: What is Neonode's cash and liquidity position as of June 30, 2026?

As of June 30, 2026, Neonode reported $21.7 million in cash and accounts receivable and working capital of $20.3 million . According to Neonode, this financial position and liquidity provide stability and support execution of its strategy to secure additional licensing opportunities.

Rhea-AI Impact

(High)

Rhea-AI Sentiment

(Positive)

Rhea-AI Summary

Neonode (NASDAQ: NEON) reported Q2 2026 revenues from continuing operations of $0.5 million, down 20.4% year over year, with license revenues of $0.4 million, up 9.2%, and non-recurring engineering revenues of $36,000, down 81.5%.

Operating expenses rose 3.2% to $2.8 million, leading to a loss from continuing operations of $2.1 million, or $0.13 per share, versus a $2.0 million loss, or $0.12 per share, a year earlier. Cash used by operations was $1.9 million. Cash and accounts receivable totaled $21.7 million, with working capital of $20.3 million, compared with $25.8 million and $24.1 million at year-end 2025. For the first half of 2026, revenues were $1.1 million (down 1.9%), operating expenses $5.5 million (up 5.8%), and loss from continuing operations $4.0 million, or $0.24 per share.

Positive

License revenues up 9.2% YoY in Q2 2026 to $0.4 million
MultiSensing license revenue grew more than fivefold YoY in Q2 2026
Cash and accounts receivable of $21.7 million as of June 30, 2026
Working capital of $20.3 million for continuing operations at June 30, 2026

Negative

Total Q2 2026 revenue down 20.4% year over year to $0.5 million
Non-recurring engineering revenue down 81.5% YoY to $36,000 in Q2 2026
Q2 2026 loss from continuing operations widened to $2.1 million vs. $2.0 million
Operating expenses from continuing operations up 3.2% YoY to $2.8 million in Q2 2026
Cash used by operations rose to $1.9 million vs. $1.8 million in the prior-year quarter
Cash and accounts receivable declined to $21.7 million from $25.8 million at December 31, 2025

Market Reaction – NEON

+2.04% $1.00 3.7x vol

15m delay

+2.04% Vs previous close

$1.00 Last Price

$0.94 $1.03 Day Range

$16.61M Market Cap

3.7x Rel. Volume

Following this news, NEON has gained 2.04%, reflecting a moderate positive market reaction. The stock is currently trading at $1.00. Trading volume is very high at 3.7x the average, suggesting strong buying interest.

Data tracked by StockTitan Argus (15 min delayed). Upgrade to Gold for real-time data.

Market Context

The tag-specific earnings record averaged a -3.34% 24-hour move across five events. That benchmark f...

Analysis

The tag-specific earnings record averaged a -3.34% 24-hour move across five events. That benchmark frames this report's licensing progress alongside falling revenue and ongoing losses; low short positioning and no recent insider activity add context, while cash and licensing conversion warrant attention.

Key Figures

Quarterly revenue: $0.5 million Operating expenses: $2.8 million Continuing-operations loss: $2.1 million, or $0.13 per share +5 more

8 metrics

Quarterly revenue $0.5 million Three months ended June 30, 2026; down 20.4% year over year

Operating expenses $2.8 million Three months ended June 30, 2026; up 3.2% year over year

Continuing-operations loss $2.1 million, or $0.13 per share Three months ended June 30, 2026

Operating cash used $1.9 million Three months ended June 30, 2026

Cash and accounts receivable $21.7 million As of June 30, 2026, compared with $25.8 million at December 31, 2025

Six-month revenue $1.1 million Six months ended June 30, 2026; down 1.9% year over year

License revenue $0.4 million Three months ended June 30, 2026; up 9.2% year over year

Non-recurring engineering revenue $36,000 Three months ended June 30, 2026; down 81.5% year over year

Previous Earnings Reports

5 past events · Latest: May 13 (Negative)

Same Type Pattern 5 events

Date	Event	Sentiment	24h Move	Catalyst
May 13	Q1 earnings report	Negative	-4.1%	Higher revenue was offset by continued losses and increased operating cash outflow.
Mar 18	Annual earnings report	Negative	-9.2%	Core revenue declined despite reported profit driven by a patent assignment gain.
Aug 13	Q2 earnings report	Negative	-1.0%	Revenue declined, losses widened, and license revenue fell amid weaker legacy demand.
May 14	Q1 earnings report	Negative	-1.2%	Revenue declined and the company reported a slightly larger continuing-operations loss.
Mar 21	Annual earnings report	Negative	-1.2%	Revenue and license fees declined despite higher non-recurring engineering revenue.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

The tag-specific earnings record showed negative 24-hour reactions in all five listed events, averaging -3.34%.

Key Terms

non-recurring engineering, working capital

2 terms

non-recurring engineering technical

"Revenues from non-recurring engineering for the three months ended June 30, 2026"

One-time engineering costs incurred to design, develop, test, certify or customize a product, system or production process—covering activities such as prototyping, tooling, software development and technical validation. These expenses are paid up front rather than recurring with each unit and can be spread over future production. For investors, non-recurring engineering affects short-term profits and cash flow and shapes future margins because it’s an upfront investment that reduces per-unit costs as volume rises, like paying to build a custom tool that makes later parts cheaper to produce.

working capital financial

"working capital for continuing operations was $20.3 million as of June 30, 2026"

Working capital is the money a business has available to cover its daily expenses, like paying bills and buying supplies. It’s like the cash in your wallet that helps you handle everyday costs; having enough ensures the business can operate smoothly without running into money shortages.

View in glossary

AI-generated analysis. How Rhea-AI works. Not financial advice.

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08/12/2026 - 09:35 AM

STOCKHOLM, Aug. 12, 2026 /PRNewswire/ -- Neonode Inc. (NASDAQ: NEON) ("Neonode" or the "Company") today reported financial results for the three and six months ended June 30, 2026.

FINANCIAL SUMMARY FOR THE THREE MONTHS ENDED JUNE 30, 2026:

Revenues from continuing operations of $0.5 million, an decrease of 20.4% compared to the same period in the prior year.
Operating expenses from continuing operations of $2.8 million, an increase of 3.2% compared to the same period in the prior year.
Loss from continuing operations of $2.1 million, or $0.13 per share, compared to a loss of $2.0 million, or $0.12 per share, for the same period in the prior year.
Cash used by operations of $1.9 million, compared to $1.8 million for the same period in the prior year.
Cash and accounts receivable of $21.7 million as of June 30, 2026 compared to $25.8 million as of December 31, 2025

FINANCIAL SUMMARY FOR THE SIX MONTHS ENDED JUNE 30, 2026:

Revenues from continuing operations of $1.1 million, a decrease of 1.9% compared to the same period in the prior year.
Operating expenses from continuing operations of $5.5 million, an increase of 5.8% compared to the same period in the prior year.
Loss from continuing operations of $4.0 million, or $0.24 per share, compared to a loss of $3.8 million, or $0.23 per share, for the same period in the prior year.
Cash used by operations of $4.0 million, compared to $3.1 million for the same period in the prior year

THE CEO'S COMMENTS

"During the second quarter, we continued to make progress in the transformation of Neonode toward a more scalable software licensing business. While total revenue declined due to lower non-recurring engineering revenue, license revenue increased compared to the same period last year. Most notably, MultiSensing® license revenue grew more than fivefold in the second quarter of 2026 compared with the same period in 2025, reflecting our automotive customer's continued production ramp-up and the increasing adoption of our technology," said Daniel Alexus, President & CEO of Neonode.

"Beyond revenue growth, we achieved several important milestones during the quarter. We strengthened the competitiveness of our MultiSensing platform through continued product development, met key performance targets for automotive sensing applications, and advanced engagements with automotive OEMs, tier 1 suppliers and strategic partners. These activities reinforce our confidence in the long-term opportunity for our technology and support our continued expansion of the licensing business."

"Looking ahead, our priorities remain clear: execute on existing customer programs, convert ongoing evaluations and partner engagements into commercial agreements, and expand our presence in selected growth markets. Supported by a strong balance sheet and liquidity position, we believe Neonode is well positioned to capitalize on future licensing opportunities and create long-term value for shareholders," concluded Mr. Alexus.

FINANCIAL OVERVIEW FOR THE QUARTER ENDED JUNE 30, 2026

Revenues from continuing operations for the three months ended June 30, 2026 were $0.5 million, a decrease of 20.4% compared to the same period in 2025. License revenues were $0.4 million, an increase of 9.2% compared to the same period in 2025. The increase was mainly due to new license agreements. Revenues from non-recurring engineering for the three months ended June 30, 2026 were $36,000, a decrease of 81.5% compared to the same period in 2025. The decrease was the result of decreased project deliveries.

Operating expenses from continuing operations for the three months ended June 30, 2026 were $2.8 million, an increase of 3.2% compared to the same period in 2025. The increase was mainly related to higher advertising and travel expenses.

Loss from continuing operations for the three months ended June 30, 2026 was $2.1 million, or $0.13 per share, compared to a loss from continuing operations of $2.0 million, or $0.12 per share for the same period in 2025.

Cash used by operations was $1.9 million in the first quarter of 2026 compared to $1.8 million for the same quarter in 2025. The increase was primarily due to a higher net loss and smaller reduction in accounts receivable compared to the same period in 2025.

Cash and accounts receivable totaled $21.7 million and working capital for continuing operations was $20.3 million as of June 30, 2026, compared to $25.8 million and $24.1 million as of December 31, 2025, respectively. Our financial position and liquidity provide stability and enable us to execute our strategy to secure more licensing opportunities for our innovative technologies.

For more information, please 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

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/neonode/r/neonode-reports-quarter-ended-june-30--2026-financial-results,c4382458

The following files are available for download:

https://mb.cision.com/Main/17297/4382458/4215966.pdf	Neonode - 2Q 2026 Earnings Release
https://news.cision.com/neonode/i/neonode-reports-quarter-ended-june-30--2026-financial-results,c3556600	Neonode Reports Quarter Ended June 30, 2026 Financial Results

View original content:https://www.prnewswire.com/news-releases/neonode-reports-quarter-ended-june-30-2026-financial-results-302849757.html

SOURCE Neonode

FAQ

How did Neonode (NASDAQ: NEON) perform financially in Q2 2026?

Neonode reported Q2 2026 revenues of $0.5 million and a loss from continuing operations of $2.1 million. According to Neonode, revenue declined 20.4% year over year, while operating expenses rose 3.2% to $2.8 million, slightly increasing the loss versus Q2 2025.

What were Neonode (NEON) revenues and losses for the six months ended June 30, 2026?

For the first half of 2026, Neonode reported revenues of $1.1 million and a loss from continuing operations of $4.0 million. According to Neonode, revenue fell 1.9% year over year, operating expenses rose 5.8% to $5.5 million, and loss per share was $0.24.

What is Neonode's cash and liquidity position as of June 30, 2026?

As of June 30, 2026, Neonode reported $21.7 million in cash and accounts receivable and working capital of $20.3 million. According to Neonode, this financial position and liquidity provide stability and support execution of its strategy to secure additional licensing opportunities.

How did Neonode (NEON)'s operating expenses and cash usage change in Q2 2026?

Neonode's Q2 2026 operating expenses from continuing operations were $2.8 million, up 3.2% year over year, and cash used by operations was $1.9 million. According to Neonode, higher net loss and a smaller reduction in accounts receivable contributed to the increased operating cash outflow.

What strategic focus did Neonode highlight for its software licensing business in Q2 2026?

Neonode emphasized an ongoing transformation toward a more scalable software licensing business focused on its MultiSensing platform. According to Neonode, priorities include executing existing customer programs, converting evaluations and partner engagements into commercial agreements, and expanding presence in selected growth markets using its current balance sheet strength.