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Neonode | 10-Q: Q3 2024 Earnings Report

Neonode | 10-Q: Q3 2024 Earnings Report

Neonode | 10-Q：2024财年三季报
美股SEC公告 ·  2024/11/06 22:22

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Neonode Inc. reported Q3 2024 results with total revenue of $0.8 million, in line with Q3 2023. License fees decreased 12.6% to $0.7 million, while non-recurring engineering revenue rose significantly to $107,000. Net loss from continuing operations narrowed to $1.0 million from $1.1 million year-over-year.Operating expenses decreased 2.7% to $2.0 million. The company ended the quarter with $17.6 million in cash and cash equivalents, up from $16.2 million at the end of 2023. During Q3, Neonode raised $5.8 million through an at-the-market stock offering.Management believes current cash position and operating plan are sufficient to fund operations for the next 12 months. The company is focusing solely on its licensing business after phasing out TSM manufacturing. Neonode identified a material weakness in internal controls related to IT systems and is taking steps to remediate the issue.
Neonode Inc. reported Q3 2024 results with total revenue of $0.8 million, in line with Q3 2023. License fees decreased 12.6% to $0.7 million, while non-recurring engineering revenue rose significantly to $107,000. Net loss from continuing operations narrowed to $1.0 million from $1.1 million year-over-year.Operating expenses decreased 2.7% to $2.0 million. The company ended the quarter with $17.6 million in cash and cash equivalents, up from $16.2 million at the end of 2023. During Q3, Neonode raised $5.8 million through an at-the-market stock offering.Management believes current cash position and operating plan are sufficient to fund operations for the next 12 months. The company is focusing solely on its licensing business after phasing out TSM manufacturing. Neonode identified a material weakness in internal controls related to IT systems and is taking steps to remediate the issue.
Neonode Inc.发布了2024年第三季度财报，总营业收入为80万美元，与2023年第三季度持平。许可费用减少12.6%，降至70万美元，而一次性工程收入则大幅上升至107,000美元。来自持续运营的净亏损由去年的110万美元缩小至100万美元。营业费用减少2.7%，降至200万美元。公司在季度末持有现金及现金等价物1760万美元，高于2023年底的1620万美元。在第三季度，Neonode通过市场发行股票筹集了580万美元。管理层相信，当前的现金状况和运营计划足以支持未来12个月的运营。公司在逐步淘汰TSm制造业务后，专注于许可业务。Neonode在与IT系统相关的内部控制中发现了重大缺陷，并正在采取措施来弥补这个问题。
Neonode Inc.发布了2024年第三季度财报，总营业收入为80万美元，与2023年第三季度持平。许可费用减少12.6%，降至70万美元，而一次性工程收入则大幅上升至107,000美元。来自持续运营的净亏损由去年的110万美元缩小至100万美元。营业费用减少2.7%，降至200万美元。公司在季度末持有现金及现金等价物1760万美元，高于2023年底的1620万美元。在第三季度，Neonode通过市场发行股票筹集了580万美元。管理层相信，当前的现金状况和运营计划足以支持未来12个月的运营。公司在逐步淘汰TSm制造业务后，专注于许可业务。Neonode在与IT系统相关的内部控制中发现了重大缺陷，并正在采取措施来弥补这个问题。
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