Neonode reported Q3 2024 revenues of $0.8 million, in line with Q3 2023, while net loss from continuing operations slightly improved to $1.0 million from $1.1 million year-over-year. License fees declined 12.6% to $0.7 million, offset by higher non-recurring engineering revenue of $107,000. Gross margin remained strong at 97.1%.The company maintained stable operating expenses at $2.0 million, down 2.7% year-over-year, with research and development at $0.8 million, sales and marketing at $0.5 million, and general and administrative costs at $0.7 million. Cash position strengthened to $17.6 million as of September 30, 2024, up from $16.2 million at year-end 2023.Management completed strategic initiatives including phasing out TSM manufacturing and focusing solely on the licensing business. The company raised $5.8 million through an at-the-market offering during Q3. Despite ongoing challenges, management believes current cash position and operating plan are sufficient to fund operations for the next 12 months.

Neonode reported Q3 2024 revenues of $0.8 million, in line with Q3 2023, while net loss from continuing operations slightly improved to $1.0 million from $1.1 million year-over-year. License fees declined 12.6% to $0.7 million, offset by higher non-recurring engineering revenue of $107,000. Gross margin remained strong at 97.1%.The company maintained stable operating expenses at $2.0 million, down 2.7% year-over-year, with research and development at $0.8 million, sales and marketing at $0.5 million, and general and administrative costs at $0.7 million. Cash position strengthened to $17.6 million as of September 30, 2024, up from $16.2 million at year-end 2023.Management completed strategic initiatives including phasing out TSM manufacturing and focusing solely on the licensing business. The company raised $5.8 million through an at-the-market offering during Q3. Despite ongoing challenges, management believes current cash position and operating plan are sufficient to fund operations for the next 12 months.