Neonode Reports Financial Results for the Third Quarter Ended September 30, 2026

Neonode Inc. reported revenues from continuing operations of $0.5 million for the third quarter ended September 30, 2026, representing a 24.4% increase compared to the same period in the prior year. This growth was driven by new license agreements and a 279.2% surge in non-recurring engineering revenue resulting from increased project deliveries. Operating expenses decreased by 13.2% to $1.8 million, primarily due to lower payroll and professional fees. The company reported a loss from continuing operations of $1.1 million, or $0.07 per share, compared to an income of $13.9 million in the prior-year period, which had been bolstered by a $15.5 million one-time patent assignment gain. As of September 30, 2026, the company held $20.2 million in cash and accounts receivable.