Neonode reports a 19.6% annual revenue increase but widens cash burn to $2.1 million in the quarter.
Neonode reported a first-quarter GAAP loss of $0.11 per share on revenue of $0.61 million, up 19.6% from the same period last year. The company’s cash used by operations rose to $2.1 million, compared to $1.4 million in the prior-year quarter.
Cash and accounts receivable totaled $23.8 million as of March 31, 2026, down from $25.8 million at the end of December 2025. The year-over-year revenue growth reflects higher demand, though increased operational costs weighed on liquidity.
No immediate market reaction was disclosed in the release.