Neonode — Q3 2026 Earnings Summary

Neonode reported a loss of $1.1 million, or $0.07 per share, from continuing operations for the three months ended September 30, 2026, compared to a net income of $13.9 million in the same period of the prior year. Total revenues for the quarter reached $0.5 million, representing a 24.4% increase year-over-year, driven by a 279.2% rise in non-recurring engineering revenue and a 9.4% increase in license fees. Operating expenses decreased by 13.2% to $1.8 million, primarily due to lower payroll and professional fees, while cash used by operations totaled $1.6 million. For the nine-month period, the company recorded a loss of $5.1 million with revenues of $1.6 million, as the prior year's results included a $15.5 million one-time gain from a patent assignment that was not repeated in 2026.