STOCKHOLM, Aug. 8, 2024 /PRNewswire/ -- Neonode Inc. (NASDAQ:NEON) ("Neonode" or the "Company") today reported financial results for the three and six months ended June 30, 2024. FINANCIAL SUMMARY FOR THE THREE MONTHS ENDED JUNE 30, 2024: Revenues of $1.4 million, an increase of 18.7% compared to the same period in the prior year. Operating expenses of $2.7 million, a decrease of 1.6% compared to the same period in the prior year. Net loss of $1.7 million, or $0.11 per share, compared to $1.5 million, or $0.10 per share, for the same period in the prior year. Cash used by operations of $1.2 million compared to $0.6 million for the same period in the prior year. Cash and accounts receivable of $14.4 million as of June 30, 2024 compared to $17.1 million as of December 31, 2023. FINANCIAL SUMMARY FOR THE SIX MONTHS ENDED JUNE 30, 2024: Revenue of $2.4 million, a decrease of 0.6% compared to the same period in the prior year. Operating expenses of $5.6 million, an increase of 0.9% compared to the same period in the prior year. Net loss of $3.8 million, or $0.25 per share, compared to $2.9 million, or $0.19 per share, for the same period in the prior year. Cash used by operations of $3.1 million compared to $2.3 million for the same period in the prior year. COMMENTS OF THE INTERIM PRESIDENT AND CHIEF EXECUTIVE OFFICER ("CEO") AND CHIEF FINANCIAL OFFICER ("CFO") "Our revenues increased in the second quarter of 2024 compared to the same quarter last year. Non-recurring engineering revenues increased and were mainly attributable to the ongoing ...