Filing Flows › Neonode (NEON) › Q1 2025
Neonode (NEON) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 14, 2025
Neonode (NEON) reported revenue of $513K for the first quarter 2025 (Q1 2025), -37% from a year earlier and -22% from the quarter before. Operating margin was -383.0%, net loss $1.7M (337.8% of revenue).
Neonode, Q1 2025: revenue $513K (-37% year over year), operating margin -383.0%, net loss $1.7M, operating cash flow −$1.4M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $513K | -22% | -37% |
| Operating profit | −$2.0M | — | — |
| Net earnings | −$1.7M | — | — |
| Operating cash flow | −$1.4M | — | — |
What changed
Revenue was $513K in Q1 2025, down 37% year over year and down 22% from the previous quarter. License Fees was the largest line at 97% of revenue. License Fees lost $276K year over year (down 36%), 92% of the total change.
Gross margin was 98.2%, up 0.3 points from a year earlier. Operating costs exceeded revenue by $2.0M, an operating margin of -383.0%. Operating expenses fell 8% while revenue fell 37%. The quarter ended with a net loss of $1.7M, wider than the previous quarter's $1.6M loss.
Operating cash flow was −$1.4M. Non-cash charges added back $9K of depreciation and amortization. Working capital and other items added $364K. Capital expenditures of $40K exceeded it, leaving free cash flow of −$1.4M.
Questions
What was Neonode's revenue in the first quarter 2025?
Neonode (NEON) reported revenue of $513K for the first quarter 2025 (Q1 2025), -37% from a year earlier and -22% from the quarter before.
Was Neonode profitable in the first quarter 2025?
Operating loss was $2.0M (-383.0% of revenue) and net loss $1.7M.
Source: Neonode 10-Q on SEC EDGAR.