Earnings Releases·Nov 12, 2026, 9:18 AM ET

Neonode — Q3 2026 Earnings Summary

Revenue from continuing operations rose 24.4% YoY to $0.5 million for the quarter and 5.4% YoY to $1.6 million for the nine months, driven by a ramp-up in automotive licensing and a 279.2% surge in non-recurring engineering revenue.
Reported losses of $1.1 million ($0.07/share) for the quarter and $5.1 million ($0.31/share) for the nine months reflect the absence of the $15.5 million one-time patent assignment gain recorded in the prior year period.
Operating expenses decreased 13.2% YoY to $1.8 million in Q3, while cash and accounts receivable declined to $20.2 million from $25.8 million at year-end 2025.
Management affirmed a strategic shift toward a scalable software licensing model with no new M&A, dividends, or buybacks announced, citing confidence in current liquidity to fund growth despite the revenue base not yet reaching profitability.