Neonode Inc (NEON) News & EventsNEONNews & EventsNeonode Inc

Neonode Q2 Revenue Falls 20.4% to $0.5M

Reports Q2 revenue $0.5M, down 20.4% vs. last year. "During the second quarter, we continued to make progress in the transformation of Neonode toward a more scalable software licensing business. While total revenue declined due to lower non-recurring engineering revenue, license revenue increased compared to the same period last year. Most notably, MultiSensing license revenue grew more than fivefold in the second quarter of 2026 compared with the same period in 2025, reflecting our automotive customer's continued production ramp-up and the increasing adoption of our technology," said Daniel Alexus, CEO. "Beyond revenue growth, we achieved several important milestones during the quarter. We strengthened the competitiveness of our MultiSensing platform through continued product development, met key performance targets for automotive sensing applications, and advanced engagements with automotive OEMs, tier 1 suppliers and strategic partners. These activities reinforce our confidence in the long-term opportunity for our technology and support our continued expansion of the licensing business. Looking ahead, our priorities remain clear: execute on existing customer programs, convert ongoing evaluations and partner engagements into commercial agreements, and expand our presence in selected growth markets. Supported by a strong balance sheet and liquidity position, we believe Neonode is well positioned to capitalize on future licensing opportunities and create long-term value for shareholders."

NeOnc Technologies Files to Sell 111,700 Shares of Common Stock

NeOnc Technologies files to sell 111.7K shares of common stock for holders

Neonode anticipates $15M-$20M in revenue from patent settlement.

Neonode has been informed of its anticipated proceeds from a settlement of the lawsuit between Neonode Smartphone - Aequitas Sub, a subsidiary of Aequitas Technologies , an unrelated third party - and Samsung Electronics pertaining to the alleged infringement of certain patents assigned by Neonode to Aequitas Technologies in 2019. While Neonode was not a party to the lawsuit, the company is entitled to 50% of any net proceeds from the settlement pursuant to the Assignment Agreement, dated May 6, 2019, between the company and Aequitas. Subject to assessment by third parties, Neonode expects to receive net proceeds of approximately $15M-$20M after deducting a brokerage fee payable by the company in connection with the original assignment to Aequitas and estimated legal fees, taxes and other expenses. As of September 3, no decision has been made by Neonode's Board on the expected use of proceeds from the settlement.