Neonode Inc. (NASDAQ:NEON) Q4 2021 Results Conference Call March 10, 2022 10:00 AM ET Company Participants David Brunton - Head, IR Urban Forssell - CEO Fredrik Nihlen - CFO Alana Gordon - Director, Marketing Conference Call Participants Jesper Von Koch - Redeye Christian Schwab - Craig Hallum Operator Hello, everyone. Thank you for standing by and welcome to Neonode's Fourth Quarter and Full-Year 2021 Earnings Conference Call. All lines have been placed on mute to prevent any back ground noise. After the s ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2021 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________ to _________ Commission File No. 001-35526 NEONODE INC. (Exact name of Registrant as specified in its charter) Delaware 94-1517641 +46 (0) 8 667 17 17 (Registrant's ...

Neonode Inc. (NASDAQ:NEON) Q3 2021 Earnings Conference Call November 10, 2021 10:00 AM ET Company Participants David Brunton - Head, IR Urban Forssell - CEO Fredrik Nihl??n - CFO Conference Call Participants Tyler Burmeister - Craig-Hallum Jesper Henrikson - Redeye Operator Hello everyone. Thank you for standing by and welcome to Neonode's Third Quarter 2021 Earnings Conference Call. All lines have been placed on mute to prevent any background noise. After the speakers' remarks, there will be a question-and ...

Financial Performance - Year-to-date revenue reached $4.3 million, showing a 23% year-over-year increase[10] - Year-to-date product revenue was $0.8 million, representing an 88% year-over-year increase[10] - Q3 operating expenses were $2.7 million, a 12% year-over-year increase[14, 15] - Cash and accounts receivables stand at $6.3 million[17] - Q3 net cash burn from operating activities was $1.6 million, a 12% year-over-year increase[17] Registered Direct Offering - A registered direct offering closed on October 26, 2021, involving 1,808,000 shares at $7.75 per share[19] - The registered direct offering generated net proceeds of approximately $13.1 million[19] - As of November 10, 2021, the company had 13,561,217 outstanding shares[19] Business and Strategy - The company is targeting an elevator market with a total addressable market of approximately 19 million units and a CAGR of 5.2% from 2021-2024[37] - The company estimates a potential revenue of $760 million and a potential gross profit of $266 million in the elevator market[46] - The company estimates a potential revenue of $200 million and a potential gross profit of $70 million in the self-service kiosks market[46] - The company estimates a potential revenue of $600 million and a potential gross profit of $210 million in the vending machines market[46]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ Quarterly report pursuant to section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended September 30, 2021 ☐ Transition report pursuant to section 13 or 15(d) of the Securities and Exchange Act of 1934 For the transition period from ________ to ________ Commission file number 1-35526 Identification No.) Karlavägen 100, 115 26 Stockholm, Sweden (Address of principal executive offices and zip cod ...

Neonode Inc. (NASDAQ:NEON) Q2 2021 Results Conference Call August 11, 2021 10:00 AM ET Company Participants David Brunton - Head IR Urban Forssell - CEO Fredrik Nihl??n - CFO Conference Call Participants Tyler Burmeister - Craig-Hallum Jesper Henrikson - Redeye Operator Hello, everyone. Thank you for standing by, and welcome to Neonode's Second Quarter 2021 Earnings Conference Call. All lines have been placed on mute to prevent any background noise. After the speakers' remarks, there will be a question-and ...

�neonode® Neonode Inc. Second Quarter 2021 Presentation Dr. Urban Forssell, CEO Mr. Fredrik Nihlén, CFO Mr. David Brunton, Head of Investor Relations August 11, 2021 Disclaimer This presentation contains oral and written statements of Neonode Inc. ("Neonode" or the "Company") and its management and may contain, forward‐looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include information about current expectations, potential financial p ...

PART I FINANCIAL INFORMATION [Item 1. Financial Statements](index=3&type=section&id=Item%201%20Financial%20Statements) Neonode Inc. reported a 65% revenue increase to $3.39 million for H1 2021, yet net loss widened to $3.23 million due to higher operating expenses [Condensed Consolidated Balance Sheets](index=3&type=section&id=Condensed%20Consolidated%20Balance%20Sheets) Total assets decreased to $11.86 million by June 30, 2021, driven by reduced cash, while liabilities and equity also declined Condensed Consolidated Balance Sheet Highlights (in thousands) | Account | June 30, 2021 (Unaudited) | December 31, 2020 (Audited) | | :--- | :--- | :--- | | **Assets** | | | | Cash | $6,611 | $10,473 | | Total current assets | $10,571 | $14,650 | | **Total assets** | **$11,859** | **$16,572** | | **Liabilities & Equity** | | | | Total current liabilities | $3,427 | $4,210 | | **Total liabilities** | **$3,540** | **$4,682** | | **Total stockholders' equity** | **$8,319** | **$11,890** | [Condensed Consolidated Statements of Operations](index=4&type=section&id=Condensed%20Consolidated%20Statements%20of%20Operations) Q2 2021 revenues more than doubled to $1.72 million, but a 38% rise in operating expenses resulted in a net loss of $1.66 million Statement of Operations Summary (in thousands, except per share data) | Metric | Q2 2021 | Q2 2020 | Six Months 2021 | Six Months 2020 | | :--- | :--- | :--- | :--- | :--- | | **Total revenues** | **$1,720** | **$758** | **$3,385** | **$2,052** | | License fees | $1,358 | $674 | $2,653 | $1,843 | | Sensor modules | $346 | $66 | $701 | $164 | | Total gross margin | $1,499 | $635 | $2,887 | $1,885 | | Total operating expenses | $3,295 | $2,391 | $6,312 | $4,730 | | Operating loss | $(1,796) | $(1,756) | $(3,425) | $(2,845) | | **Net loss attributable to Neonode Inc.** | **$(1,657)** | **$(1,612)** | **$(3,225)** | **$(2,622)** | | Basic and diluted loss per share | $(0.14) | $(0.18) | $(0.28) | $(0.29) | [Condensed Consolidated Statements of Cash Flows](index=8&type=section&id=Condensed%20Consolidated%20Statements%20of%20Cash%20Flows) Net cash used in operating activities increased to $3.41 million for H1 2021, leading to a $3.86 million decrease in cash balance Cash Flow Summary for the Six Months Ended June 30 (in thousands) | Cash Flow Activity | 2021 | 2020 | | :--- | :--- | :--- | | Net cash used in operating activities | $(3,405) | $(1,928) | | Net cash used in investing activities | $(67) | $(7) | | Net cash (used in) provided by financing activities | $(295) | $1,344 | | **Net decrease in cash** | **$(3,862)** | **$(584)** | | Cash at beginning of period | $10,473 | $2,357 | | **Cash at end of period** | **$6,611** | **$1,773** | [Notes to Unaudited Condensed Consolidated Financial Statements](index=9&type=section&id=Notes%20to%20Unaudited%20Condensed%20Consolidated%20Financial%20Statements) Notes detail accounting policies, liquidity, revenue streams, and commitments, addressing going concern despite historical operating losses and negative cash flows - The company has incurred significant operating losses and negative cash flows since inception, with a net loss of **$3.2 million** for the first six months of 2021 and an accumulated deficit of **$199.4 million** as of June 30, 2021[28](index=28&type=chunk) - Management believes the current operating plan and potential capital sources are sufficient to alleviate going concern concerns[29](index=29&type=chunk) - As of June 30, 2021, four customers represented approximately **70%** of consolidated accounts receivable, with Hewlett Packard Company (**31%**), Seiko Epson Corporation (**14%**), and LG Electronics Inc. (**13%**) as top revenue contributors for H1 2021[52](index=52&type=chunk)[53](index=53&type=chunk) - An "at the market" (ATM) offering program was established on May 10, 2021, to sell up to **$25.0 million** of common stock[97](index=97&type=chunk) [Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations](index=31&type=section&id=Item%202%20Management's%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Revenue growth for H1 2021 was driven by license fees and contactless touch solutions, while increased operating expenses and decreased liquidity led to establishing a $25 million ATM facility [Overview](index=31&type=section&id=Overview) Neonode offers advanced optical sensing solutions for B2B markets, generating revenue through technology licensing and sensor module sales, primarily in automotive and printer industries - The business model relies on licensing zForce and MultiSensing technology platforms and selling sensor module products[144](index=144&type=chunk) - As of June 30, 2021, Neonode had **35** valid technology license agreements, with approximately **82 million** devices sold using its technology since 2010, primarily in automotive and printer industries[145](index=145&type=chunk)[146](index=146&type=chunk) [Impact of COVID-19](index=32&type=section&id=Impact%20of%20COVID-19) COVID-19 continues to impact supply chains and customer sales, yet it has also increased demand for contactless touch products - The COVID-19 pandemic causes component delivery challenges and affects customer sales volumes, but also increases demand for contactless touch products[154](index=154&type=chunk) [Results of Operations](index=33&type=section&id=Results%20of%20Operations) Q2 2021 net revenues surged 127% to $1.72 million, driven by license fees and sensor module sales, but a 37.8% rise in operating expenses resulted in a $1.66 million net loss Q2 2021 vs Q2 2020 Financial Performance (in thousands) | Metric | Q2 2021 | Q2 2020 | Variance ($) | Variance (%) | | :--- | :--- | :--- | :--- | :--- | | **Total Revenue** | **$1,720** | **$758** | **$962** | **126.9%** | | License fees | $1,358 | $674 | $684 | 101.5% | | Sensor modules | $346 | $66 | $280 | 424.2% | | Total Gross Margin | $1,499 | $635 | $864 | 136.1% | | Total Operating Expenses | $3,295 | $2,391 | $904 | 37.8% | | **Operating Loss** | **$(1,796)** | **$(1,756)** | **$(40)** | **2.3%** | - The increase in license fees is attributed to a pandemic-related rebound from depressed levels in 2020[159](index=159&type=chunk) - Growing interest in contactless touch solutions, with Asia as the first adopter, is the primary driver for increased sensor module sales[161](index=161&type=chunk) - Higher staff costs, compared to 2020 when government pandemic support reduced working hours, primarily drove increases in R&D, Sales & Marketing, and G&A expenses[167](index=167&type=chunk)[168](index=168&type=chunk)[169](index=169&type=chunk) [Liquidity and Capital Resources](index=39&type=section&id=Liquidity%20and%20Capital%20Resources) Cash decreased to $6.6 million by June 30, 2021, with $3.4 million used in operations, leading to the establishment of a $25 million ATM program for future funding Key Liquidity Metrics (in millions) | Metric | June 30, 2021 | December 31, 2020 | | :--- | :--- | :--- | | Cash | $6.6 | $10.5 | | Working Capital | $7.1 | $10.4 | - Net cash used in operating activities was **$3.4 million** for H1 2021, primarily due to a net loss of **$3.5 million**[186](index=186&type=chunk) - An "at the market" (ATM) offering program was established in May 2021 to sell up to **$25 million** of common stock for future operations[195](index=195&type=chunk) - Subsequent to quarter-end, on July 2 and 6, 2021, the company raised net proceeds of **$100,000** by selling shares under the ATM facility[197](index=197&type=chunk) [Item 3. Quantitative and Qualitative Disclosures about Market Risk](index=41&type=section&id=Item%203%20Quantitative%20and%20Qualitative%20Disclosures%20about%20Market%20Risk) No quantitative and qualitative disclosures about market risk are applicable for the reporting period - The company has indicated that there are no quantitative and qualitative disclosures about market risk to report[201](index=201&type=chunk) [Item 4. Controls and Procedures](index=41&type=section&id=Item%204%20Controls%20and%20Procedures) Disclosure controls and procedures were deemed effective as of June 30, 2021, with no material changes in internal control over financial reporting during the quarter - Management, including the CEO and CFO, concluded that disclosure controls and procedures were effective as of June 30, 2021[202](index=202&type=chunk) - No material changes in internal control over financial reporting occurred during the quarter[205](index=205&type=chunk) PART II. OTHER INFORMATION [Item 1. Legal Proceedings](index=43&type=section&id=Item%201%20Legal%20Proceedings) The company faces a legal matter regarding a voluntarily dismissed shareholder class action, with intent to vigorously defend against a potential fee petition - A putative stockholder class action lawsuit filed on September 2, 2020, was voluntarily dismissed by the plaintiff on October 20, 2020[116](index=116&type=chunk) - Plaintiff's counsel informed Neonode on February 11, 2021, of their intent to file a fee petition, which the company plans to vigorously defend against[116](index=116&type=chunk) [Item 1A. Risk Factors](index=43&type=section&id=Item%201A%20Risk%20Factors) No material changes to risk factors have occurred since the Annual Report on Form 10-K for the year ended December 31, 2020 - No material changes to risk factors have occurred since the filing of the Annual Report on Form 10-K for the year ended December 31, 2020[208](index=208&type=chunk) [Item 6. Exhibits](index=43&type=section&id=Item%206%20Exhibits) Exhibits filed with this report include corporate governance documents, the At Market Issuance Sales Agreement, and officer certifications - Exhibits include the At Market Issuance Sales Agreement with B. Riley Securities, Inc., and Sarbanes-Oxley Act of 2002 certifications[210](index=210&type=chunk)

Neonode Inc. (NASDAQ:NEON) Q1 2021 Earnings Conference Call May 12, 2021 10:00 AM ET Company Participants David Brunton - IR Urban Forssell - CEO Maria Ek - CFO Johan Swartz - VP, Sales APAC Jonas W??rn - VP, Sales EMEA Anthony Uhrick - VP, Sales Americas Conference Call Participants Jesper Henrikson - Redeye Christian Schwab - Craig-Hallum Capital Viktor Westman - Redeye Operator Hello, everyone. Thank you for standing by, and welcome to Neonode???s First Quarter 2021 Earnings Conference Call. All lines ha ...

() neonode® Neonode Inc. First Quarter 2021 Presentation Dr. Urban Forssell, CEO Ms. Maria Ek, CFO Mr. Anthony Uhrick, Vice President Sales AMER Mr. Johan Swartz, Vice President Sales APAC Mr. Jonas Wærn, Vice President Sales EMEA Mr. David Brunton, Head of Investor Relations May 12, 2021 Disclaimer This presentation contains oral and written statements of Neonode Inc. ("Neonode" or the "Company") and its management and may contain, forward-looking statements within the meaning of the Private Securities Lit ...