Core Viewpoint - Neonode Inc. reported a significant decline in revenues from its legacy business, particularly in the printer and automotive infotainment segments, while also highlighting strategic initiatives aimed at long-term growth and diversification [5][7]. Financial Summary for the Three Months Ended September 30, 2025 - Revenues from continuing operations were $0.4 million, a decrease of 48.7% compared to the same period in the prior year [6]. - Operating expenses from continuing operations were $2.1 million, an increase of 4.0% compared to the same period in the prior year [6]. - Income from continuing operations was $13.9 million, or $0.83 per share, compared to a loss of $1.0 million, or $0.07 per share, for the same period in the prior year [6]. - Cash used by operations was $1.5 million, compared to $1.3 million for the same period in the prior year [6]. Financial Summary for the Nine Months Ended September 30, 2025 - Revenues from continuing operations were $1.5 million, a decrease of 37.1% compared to the same period in the prior year [6]. - Operating expenses from continuing operations were $7.3 million, an increase of 0.9% compared to the same period in the prior year [6]. - Income from continuing operations was $10.2 million, or $0.60 per share, compared to a loss of $4.4 million, or $0.28 per share, for the same period in the prior year [6]. - Cash used by operations was $4.6 million, compared to $4.4 million for the same period in the prior year [6]. Patent Assignment Highlights - The company reported a gain from patent assignment of $15.5 million after brokerage fees, which was paid in October 2025 [6]. - The patent assignment was related to a legal settlement involving Aequitas Technologies LLC and Samsung Electronics [6]. CEO's Comments - The CEO indicated that the decline in revenues from the legacy business is expected to continue until new customers transition to full production [5]. - The company is focusing on broadening business opportunities and advancing its product roadmap to support sustainable growth [5]. - Strategic decisions include transitioning the zForce® platform to maintenance mode and aligning the company around the MultiSensing AI computer vision platform for expanded deployment in the automotive sector [7].

Core Viewpoint - Neonode Inc. reported a decline in revenues primarily due to challenges in its legacy business, particularly in the printer and automotive infotainment markets, while focusing on expanding business opportunities and advancing its product roadmap for future growth [4]. Financial Summary for Q2 2025 - Revenues from continuing operations were $0.6 million, a decrease of 25.2% compared to Q2 2024 [6]. - License revenues were $0.4 million, down 34.2% year-over-year, attributed to lower demand from legacy customers [6]. - Non-recurring engineering revenues increased by 4.3% to $0.2 million compared to the same period in 2024 [7]. - Operating expenses rose to $2.7 million, a 5.3% increase from Q2 2024 [7]. - The loss from continuing operations was $2.0 million, or $0.12 per share, compared to a loss of $1.7 million, or $0.11 per share in Q2 2024 [8]. Financial Summary for H1 2025 - Revenues from continuing operations totaled $1.1 million, a decrease of 31.1% compared to H1 2024 [9]. - Operating expenses were $5.2 million, a slight decrease of 1.5% from the same period last year [9]. - The loss from continuing operations was $3.8 million, or $0.23 per share, compared to a loss of $3.4 million, or $0.22 per share in H1 2024 [9]. Cash Flow and Financial Position - Cash used by operations in Q2 2025 was $1.7 million, up from $1.2 million in Q2 2024, mainly due to lower net loss and reduced component purchases [10]. - As of June 30, 2025, cash and accounts receivable were $13.6 million, down from $17.2 million as of December 31, 2024 [11]. - Working capital for continuing operations was $12.1 million, compared to $16.1 million at the end of 2024 [11].