Despite the revenue drop, Neonode reported a gain from a patent assignment amounting to $15.5 million after brokerage fees, which contributed to an income from continuing operations of $8.0 million, or $0.48 per share, compared to a loss of $5.9 million, or $0.37 per share, in 2024. The company also noted cash used by operations increased to $10.3 million from $5.6 million in the previous year.
Neonode's cash and accounts receivable totaled $25.7 million as of December 31, 2025, up from $17.2 million at the end of 2024. The company emphasized its strategic shift towards its MultiSensing technology platform, moving away from its legacy zForce platform, which is now in maintenance mode. This transition aims to focus on advancements in computer vision and machine learning technologies.
CEO Daniel Alexus commented on the company's transformation, stating that 2025 was a year of significant change, laying the groundwork for a refocused strategic direction. He highlighted the importance of customer delivery and the commencement of production with a commercial vehicle OEM as a validation of their solution's maturity and readiness for the market. Looking ahead, Neonode aims to drive growth in its MultiSensing business and expand licensing revenues, despite challenges in the automotive sector due to cost pressures and geopolitical uncertainties.
