Neonode | 10-Q: FY2025 Q3 Revenue: USD 430 K

Revenue: As of FY2025 Q3, the actual value is USD 430 K.

EPS: As of FY2025 Q3, the actual value is USD 0.85.

EBIT: As of FY2025 Q3, the actual value is USD 13.69 M.

Segment Revenue

• License Fees: Revenues from license fees were $406,000 for the three months ended September 30, 2025, compared to $731,000 for the same period in 2024, representing a decrease of 44.5%.
• Non-recurring Engineering: Revenues from non-recurring engineering were $24,000 for the three months ended September 30, 2025, compared to $107,000 for the same period in 2024, representing a decrease of 77.6%.

Operational Metrics

• Net Income: Net income was $14,184,000 for the three months ended September 30, 2025, compared to a net loss of $1,087,000 for the same period in 2024.
• Gross Margin: Gross margin was $421,000 for the three months ended September 30, 2025, compared to $815,000 for the same period in 2024, representing a decrease of 48.3%.
• Operating Income: Operating income was $13,810,000 for the three months ended September 30, 2025, compared to an operating loss of $1,225,000 for the same period in 2024.

Cash Flow

• Operating Cash Flow: Net cash used in operating activities was $4,637,000 for the nine months ended September 30, 2025, compared to $4,429,000 for the same period in 2024.

Unique Metrics

• Gain from Patent Assignment: Gain from patent assignment was $19,389,000 for the three months ended September 30, 2025.

Future Outlook and Strategy

• Core Business Focus: Neonode plans to expand its solutions into new markets in the future, focusing on machine perception solutions based on its MultiSensing® technology platform.
• Non-Core Business: The company has transitioned its zForce® technology platform into maintenance mode, ceasing sales to new customers but continuing support for existing customers.