Neonode (NEON) Reports Q3 Loss of $0.14, Revenues Miss

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Neonode Reports Third Quarter Ended September 30, 2018 Financial Results

November 8, 2018 9:29 AM EST

STOCKHOLM, Nov. 8, 2018 /PRNewswire/ --

Neonode Inc. (NASDAQ: NEON), the optical interactive sensing technology company, today reported financial results for the three and nine months ended September 30, 2018.

Neonode Reports Third Quarter Ended September 30, 2018 Financial Results

Third Quarter 2018 Business Metrics

·    Revenue was $1.9 million, a decrease of 17% compared to prior year 

·    Operating expenses reduced to $2.5 million compared to $3.6 million for prior year

·    Net loss of $0.8 million, or $0.14 per share compared to... More