Sweden's Neonode fiscal 2025 revenue falls 33.7%

Reuters03-18

Sweden's Neonode fiscal 2025 revenue falls 33.7%

Overview

Sweden technology firm's fiscal 2025 revenue fell 33.7% yr/yr, mainly due to lower legacy product demand
Company posted income from continuing operations after patent assignment gain, reversing prior-year loss
Operating expenses rose 6.7% yr/yr, driven by unfavorable exchange rates and higher professional fees

Outlook

Company to focus on growing MultiSensing business and expanding license revenues in 2026
Company is evaluating additional growth verticals for MultiSensing platform beyond automotive

Result Drivers

LEGACY PRODUCT DECLINE - Lower demand for legacy printer and passenger car touch applications negatively impacted revenue
PATENT ASSIGNMENT GAIN - $15.5 mln gain from patent assignment to Aequitas boosted income from continuing operations
HIGHER OPERATING EXPENSES - Unfavorable exchange rates and higher professional fees increased operating expenses

Company press release: ID:nPn4v6gqma

Key Details

Metric	Beat/Miss	Actual	Consensus Estimate
FY Operating Expenses		$10.20 mln

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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