Neonode Reports Quarter Ended September 30, 2026 Financial Results
PR Newswire•12/11/2026•09:27 ET
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Key Highlights
- ➤Q3 revenue $0.5 million, up 24.4% year over year
- ➤Q3 operating expenses $1.8 million, down 13.2% year over year
- ➤Q3 continuing-operations loss $1.1 million, or $0.07 per share
- ➤Cash and accounts receivable fell to $20.2 million from $25.8 million
- ➤MultiSensing licensing revenue more than quadrupled year over year
Expert Statements
Daniel Alexus, President & CEO of Neonode
“During the third quarter, we continued the transformation of Neonode toward a more scalable software licensing business. Revenue grew by more than 24% compared with the same period last year, supported by the ramp-up of an automotive license agreement and increased engineering project deliveries. MultiSensing® licensing revenue more than quadrupled in the third quarter of 2026 compared with the third quarter of 2025. These developments reflect progress in translating our technology into customer business”
Daniel Alexus, President & CEO of Neonode
“Alongside this growth, we maintained cost discipline, with operating expenses lower than in the same quarter last year.”
Daniel Alexus, President & CEO of Neonode
“Looking at the first nine months, revenue and licensing income grew, including 13% growth in licensing, while operating expenses remained broadly stable. MultiSensing licensing revenue nearly quadrupled in January–September 2026 compared with the same period in 2025. However, our revenue base is not yet sufficient to achieve profitability, and operations continued to reduce our cash balance during the quarter. Converting commercial opportunities into revenue while keeping costs under control remains essential.”
Daniel Alexus, President & CEO of Neonode
“The substantial year-over-year difference in earnings primarily reflects the one-time gain from patent assignment recognized in the third quarter of 2025. That contribution was not repeated this year, and the comparison should not be interpreted as a corresponding deterioration in the underlying business.”
Daniel Alexus, President & CEO of Neonode
“Our priorities remain clear: deliver on existing customer programs, convert evaluations and partner engagements into commercial agreements, and build our licensing business with financial discipline. Our liquidity provides a foundation to pursue these priorities, and our focus remains on turning technology and commercial opportunities into sustainable revenue growth and long-term shareholder value”
Neonode Reports Quarter Ended September 30, 2026 Financial Results PR Newswire
STOCKHOLM, Nov. 12, 2026 /PRNewswire/ -- Neonode Inc. (NASDAQ: NEON) ("Neonode" or the "Company") today reported financial results for the three and nine months ended September 30, 2026.
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