Neonode swings to Q3 loss from continuing operations of $1.1 million
NEON•Neonode reported a third-quarter 2026 loss from continuing operations of $1.1 million, compared with income of $13.9 million a year earlier. Revenue rose 24% to $500,000, while operating expenses fell 13% to $1.8 million.
1. Quarterly results
Neonode swung to a third-quarter 2026 loss from continuing operations of $1.1 million, versus income of $13.9 million a year earlier. The year-earlier result included a $15.5 million net gain from a patent assignment that did not recur. Revenue rose 24% year over year to $500,000, and operating expenses from continuing operations fell 13% to $1.8 million.
2. Licensing focus
Non-recurring engineering revenue more than tripled to $91,000 as project deliveries increased. Management continued shifting toward software licensing and prioritizing conversion of customer evaluations and partner engagements into commercial agreements.
