FINANCIAL SUMMARY FOR THE FISCAL YEAR ENDED DECEMBER 31, 2025:
Revenues from continuing operations of $2.1 million, a decrease of 33.7% compared to the prior year.
Operating expenses from continuing operations of $10.2 million, an increase of 6.7% compared to the prior year.
Gain from patent assignment of $15.5 million after brokerage fee.
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, for the prior year.
Cash used by operations of $10.3 million, compared to $5.6 million for the prior year.
Cash and accounts receivable of $25.7 million as of December 31, 2025 compared to $17.2 million million for the prior year-end.
PATENT ASSIGNMENT HIGHLIGHTS FOR THE FISCAL YEAR ENDED DECEMBER 31, 2025:
Gains from the patent assignment to Aequitas Technologies LLC ("Aequitas") amounted to $15.5 million. in cash paid in October 2025. This amount represents the final outcome of the process by Neonode Smartphone LLC, an unrelated third party that is a subsidiary of Aequitas ("Aequitas Sub"), against Samsung Electronics Co., Ltd. and Samsung Electronics America, Inc., excluding any potential tax recoveries.
On September 15, 2025, the United States District Court for the Northern District of California granted a joint motion to lift the stay in the case between Aequitas Sub and Apple Inc. (assigned docket number 6:20-cv-00505-ADA). The legal proceedings between the two parties will now resume.
THE CEO'S COMMENTS
"2025 was a year of meaningful transformation, even as we continued to face significant top-line pressure. This transformation laid the foundation for ...
