Sweden's Neonode Q1 revenue rises 20% on new license agreements

Neonode

13/05/2026 16:32

Overview

Sweden-based touch tech licensor's Q1 revenue rose 20% yr/yr on new license agreements

Operating expenses for Q1 increased 8.6%, mainly due to higher professional fees

Company posted Q1 net loss of $1.9 mln, loss per share remained unchanged rom prior year

Outlook

Company expects continued decline in zForce legacy business due to subdued demand

Neonode sees potential for license growth in MultiSensing as automotive customer scales production

Company aims to expand automotive partnerships and explore retail opportunities in loss prevention

Result Drivers

NEW LICENSE AGREEMENTS - Q1 revenue growth mainly due to new license agreements, especially as MultiSensing platform moved into production with an automotive OEM customer

LEGACY BUSINESS DECLINE - Revenue decline in zForce legacy business stabilized but is expected to continue, particularly in printer and automotive infotainment segments due to subdued demand

HIGHER OPERATING EXPENSES - Operating expenses increased mainly from higher professional fees due to recertifications and tax analysis

Company press release: ID:nPn5KnNLva

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Operating Expenses
$2.70 mln


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(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.)