Neonode Reports Quarter Ended March 31, 2026 Financial Results

Neonode (NASDAQ: NEON) reported Q1 2026 revenue from continuing operations of $0.6 million, up 19.7% year over year.

Rhea-AI Summary

Neonode (NASDAQ: NEON) reported Q1 2026 revenue from continuing operations of $0.6 million, up 19.7% year over year. Operating expenses were $2.7 million, up 8.6%. Loss from continuing operations was $1.9 million, or $0.11 per share.

Cash used in operations rose to $2.1 million. Cash and accounts receivable were $23.8 million, with working capital of $22.3 million. Management highlighted new MultiSensing automotive production licensing, while expecting ongoing decline in the legacy zForce business.

Positive

• Revenue from continuing operations grew 19.7% year over year to $0.6 million
• License revenues increased 19.1% year over year to $0.6 million
• Non-recurring engineering revenue rose 37.5% year over year to $22,000
• Cash and accounts receivable totaled $23.8 million as of March 31, 2026
• Working capital from continuing operations was $22.3 million at March 31, 2026
• MultiSensing automotive OEM project moved from development to production, enabling new licensing revenue

Negative

• Loss from continuing operations was $1.9 million, or $0.11 per share
• Operating expenses increased 8.6% year over year to $2.7 million
• Cash used in operations rose to $2.1 million from $1.4 million year over year
• Cash and accounts receivable declined to $23.8 million from $25.8 million since December 31, 2025
• Working capital decreased to $22.3 million from $24.1 million since December 31, 2025
• Management expects continued decline in legacy zForce business, especially printers and automotive infotainment

Argus May 13 session

-4.09% close to close Open Argus

Details

News Market Reaction – NEON

On May 13, the day this news came out, NEON closed 4.09% below the previous close.

Data tracked by StockTitan Argus for the May 13 session.

Key Figures

Revenue (Q1 2026): $0.6 million Operating expenses: $2.7 million Loss per share: $0.11 +5 more

Revenue (Q1 2026)

$0.6 million

Revenues from continuing operations, up 19.7% YoY

Operating expenses

$2.7 million

From continuing operations, up 8.6% YoY

Loss per share

$0.11

Loss from continuing operations of $1.9M, flat vs prior-year EPS

Cash used by operations

$2.1 million

Q1 2026 operating cash outflow vs $1.4M in Q1 2025

Cash & receivables

$23.8 million

As of March 31, 2026 vs $25.8M at December 31, 2025

Working capital

$22.3 million

Working capital for continuing operations at March 31, 2026

License revenues

$0.6 million

Q1 2026 license revenues, up 19.1% YoY

NRE revenues

$22,000

Non-recurring engineering revenue, up 37.5% YoY

Previous Earnings Reports

5 past events · Latest: Mar 18

Same Type 5 events

1. Mar 18

   Annual 2025 results

   24h Move

   -9.2%

   Patent-driven gain turned 2025 profitable despite shrinking core revenue.

2. Aug 13

   Q2 2025 earnings

   24h Move

   -1.0%

   Revenues and license fees fell sharply; losses widened versus prior year.

3. May 14

   Q1 2025 earnings

   24h Move

   -1.2%

   Revenue from continuing operations dropped and net loss remained elevated.

4. Mar 21

   Annual 2024 results

   24h Move

   -1.2%

   Full-year revenue declined and loss from continuing operations increased.

5. Nov 06

   Q3 2024 earnings

   24h Move

   -2.6%

   Q3 revenue was flat-to-down with ongoing net losses and revenue declines YTD.

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

Key Terms

iso 9001, iso 27001, non-recurring engineering

3 terms

iso 9001 technical

"increased professional fees due to recertifications of ISO 9001 and ISO 27001"

ISO 9001 is an international standard for a company’s quality management system that sets out how the organization documents and controls its processes to deliver consistent products or services. For investors, certification is like a stamp saying the company follows repeatable, audited procedures—this can lower operational risk, improve efficiency and customer trust, and make performance more predictable over time.

iso 27001 technical

"increased professional fees due to recertifications of ISO 9001 and ISO 27001"

ISO 27001 is an internationally recognized standard that sets out the best practices for managing and protecting sensitive information within an organization. It acts like a security blueprint, helping companies ensure data is kept safe from theft, loss, or damage. For investors, organizations with ISO 27001 certification demonstrate a strong commitment to information security, reducing the risk of data breaches that could impact business stability and reputation.

non-recurring engineering technical

"Revenues from non-recurring engineering for the three months ended March 31, 2026 were $22,000"

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.

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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 & CEO of Neonode.

"Revenue decline stabilized during the quarter and was partially offset by new growth from MultiSensing. While we expect continued decline in our zForce legacy business - particularly within the printer and automotive infotainment segments due to subdued demand - we see continued potential for license growth in MultiSensing as our automotive customer scales production."

"In summary, our priorities remain to execute on existing projects, expand strategic partnerships within the automotive sector, and explore new verticals where our technology can deliver significant customer value. A key area of focus is the retail segment, where we see opportunities in loss prevention, as well as customer analytics solutions," concluded Mr. Alexus.

FINANCIAL OVERVIEW FOR THE QUARTER ENDED MARCH 31, 2026

Revenues from continuing operations for the three months ended March 31, 2026 were $0.6 million, an increase of 19.7% compared to the same period in 2025. License revenues were $0.6 million, an increase of 19.1% 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 March 31, 2026 were $22,000, an increase of 37.5% compared to the same period in 2025. The increase was the result of increased project deliveries.

Operating expenses from continuing operations for the three months ended March 31, 2026 were $2.7 million, an increase of 8.6% compared to the same period in 2025. The increase was mainly related to increased professional fees due to recertifications of ISO 9001 and ISO 27001 and tax analysis of the net income for 2025.

Loss from continuing operations for the three months ended March 31, 2026 was $1.9 million, or $0.11 per share, compared to a loss from continuing operations of $1.8 million, or $0.11 per share for the same period in 2025.

Cash used by operations was $2.1 million in the first quarter of 2026 compared to $1.4 million for the same quarter in 2025. The increase was primarily due to a higher net loss, higher unbilled revenues and higher prepaid expenses.

Cash and accounts receivable totaled $23.8 million and working capital for continuing operations was $22.3 million as of March 31, 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:

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-march-31--2026-financial-results,c4348253

The following files are available for download:

https://mb.cision.com/Main/17297/4348253/4091969.pdf	Neonode - 1Q 2026 Earnings Release
https://news.cision.com/neonode/i/neonode-earnings-q1-2026,c3537248	Neonode Earnings Q1 2026

View original content:https://www.prnewswire.com/news-releases/neonode-reports-quarter-ended-march-31-2026-financial-results-302771171.html

SOURCE Neonode

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What were Neonode (NASDAQ: NEON) Q1 2026 earnings and revenue results?

Neonode reported Q1 2026 revenue from continuing operations of $0.6 million and a loss of $1.9 million. According to Neonode, this equated to a loss from continuing operations of $0.11 per share, matching the prior-year per-share loss despite higher revenue.

How did Neonode NEON revenue change year over year in Q1 2026?

Neonode’s Q1 2026 revenue from continuing operations increased 19.7% year over year to $0.6 million. According to Neonode, license revenues rose 19.1% and non-recurring engineering revenue increased 37.5%, driven mainly by new license agreements and higher project deliveries.

What is Neonode’s cash position and working capital as of March 31, 2026?

As of March 31, 2026, Neonode held $23.8 million in cash and accounts receivable. According to Neonode, working capital from continuing operations was $22.3 million, down from $24.1 million at December 31, 2025, but still supporting execution of its licensing-focused strategy.

How much cash did Neonode use in operations during Q1 2026?

Neonode used $2.1 million of cash in operating activities during Q1 2026. According to Neonode, this compared with $1.4 million used in the same quarter of 2025, reflecting a higher net loss, increased unbilled revenues, and higher prepaid expenses in the period.

What did Neonode management say about MultiSensing and zForce outlook in Q1 2026?

Management highlighted new MultiSensing automotive OEM production as a driver of fresh licensing revenue. According to Neonode, revenue decline stabilized, but ongoing decline is expected in the legacy zForce printer and automotive infotainment segments amid subdued demand and business transition.

What are Neonode’s strategic priorities after its Q1 2026 results?

Neonode plans to execute existing projects and deepen automotive partnerships while exploring new verticals. According to Neonode, a key focus is the retail segment, particularly loss-prevention and customer-analytics solutions, leveraging its MultiSensing and zForce technology platforms for future licensing growth.