Neonode Reports 49% Revenue Decline and $15.5 Million Patent Gain for Q3 2025

Reuters11-06
Neonode Reports 49% Revenue Decline and $15.5 Million Patent Gain for Q3 2025

Neonode Inc. reported financial results for the quarter ended September 30, 2025. Revenues from continuing operations were $0.4 million, representing a 48.7% decrease compared to the same period in the prior year. Operating expenses from continuing operations rose by 4.0% to $2.1 million. The company recorded a gain from a patent assignment, after brokerage fees, of $15.5 million, which was paid in October 2025. As of September 30, 2025, cash and accounts receivable totaled $12.2 million, and working capital for continuing operations was $26.2 million, compared to $17.2 million and $16.1 million, respectively, as of December 31, 2024. Neonode also noted that legal proceedings between a subsidiary of Aequitas Technologies LLC and Apple Inc. will resume following a court decision to lift a stay in the case.

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