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Neonode | 8-K: Current report

Neonode | 8-K: Current report

Neonode | 8-K:重大事件
美股SEC公告 ·  2024/08/08 06:19

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Neonode reported Q2 2024 revenues of $1.4 million, an 18.7% YoY increase, driven by higher product sales and non-recurring engineering revenues. However, license revenues declined 43.9% YoY. The company posted a net loss of $1.7 million ($0.11 per share) compared to $1.5 million loss in Q2 2023, as gross margins declined due to product mix shifts.Operating expenses decreased 1.6% YoY to $2.7 million, while cash used in operations rose to $1.2 million from $0.6 million last year. The company maintained a strong balance sheet with cash and receivables of $14.4 million as of June 30, 2024, though down from $17.1 million at 2023 year-end.Management highlighted growing interest in their driver and in-cabin monitoring solutions, particularly from commercial and passenger vehicle manufacturers. The company is transitioning to focus solely on licensing going forward, phasing out their products business, with recent product sales mainly reflecting last-time-buy orders from customers.
Neonode reported Q2 2024 revenues of $1.4 million, an 18.7% YoY increase, driven by higher product sales and non-recurring engineering revenues. However, license revenues declined 43.9% YoY. The company posted a net loss of $1.7 million ($0.11 per share) compared to $1.5 million loss in Q2 2023, as gross margins declined due to product mix shifts.Operating expenses decreased 1.6% YoY to $2.7 million, while cash used in operations rose to $1.2 million from $0.6 million last year. The company maintained a strong balance sheet with cash and receivables of $14.4 million as of June 30, 2024, though down from $17.1 million at 2023 year-end.Management highlighted growing interest in their driver and in-cabin monitoring solutions, particularly from commercial and passenger vehicle manufacturers. The company is transitioning to focus solely on licensing going forward, phasing out their products business, with recent product sales mainly reflecting last-time-buy orders from customers.
Neonode报告2024年第二季度营收为140万美元,同比增长18.7%,主要得益于产品销售和非经常性工程收入的增长。然而,授权收入同比下降43.9%。公司报告净亏损为170万美元(每股0.11美元),相比于2023年第二季度的150万美元亏损,毛利率因产品组合变化而下降。营业费用同比下降1.6%,降至270万美元,而运营现金使用从去年的60万美元上升至120万美元。截止到2024年6月30日,公司保持了强劲的资产负债表,现金及应收款为1440万美元,虽较2023年年底的1710万美元有所下降。管理层强调,他们的驾驶员和车内监控解决方案受到越来越多的关注,特别是来自商用车和乘用车制造商的兴趣。公司正在转型,今后将专注于授权,逐步淘汰产品业务,最近的产品销售主要反映客户的最后购买订单。
Neonode报告2024年第二季度营收为140万美元,同比增长18.7%,主要得益于产品销售和非经常性工程收入的增长。然而,授权收入同比下降43.9%。公司报告净亏损为170万美元(每股0.11美元),相比于2023年第二季度的150万美元亏损,毛利率因产品组合变化而下降。营业费用同比下降1.6%,降至270万美元,而运营现金使用从去年的60万美元上升至120万美元。截止到2024年6月30日,公司保持了强劲的资产负债表,现金及应收款为1440万美元,虽较2023年年底的1710万美元有所下降。管理层强调,他们的驾驶员和车内监控解决方案受到越来越多的关注,特别是来自商用车和乘用车制造商的兴趣。公司正在转型,今后将专注于授权,逐步淘汰产品业务,最近的产品销售主要反映客户的最后购买订单。
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