Slide 1: Q2 2023 Earnings Call
Q2 2023 Earnings Call | August 10, 2023 2023 - 08 - 09 1 © Neonode 2001 - 2021 · www.neonode.com · Nasdaq (NEON) 2023 - 08 - 09 1 © Neonode 2001 - 2023 · www.neonode.com · Nasdaq (NEON)
Slide 2: Today's Presenters
Today’s Presenters 2023 - 08 - 09 2 © Neonode 2001 - 2023 · www.neonode.com · Nasdaq (NEON) • Urban For s se ll, CEO • Fr e drik Nihl é n, CFO
Slide 3: Legal Disclaimer
Legal Disclaimer 2023 - 08 - 09 3 © Neonode 2001 - 2023 · www.neonode.com · Nasdaq (NEON) This presentation contains, and related oral and written statements of Neonode Inc. (the “Company”) and its management may contain, forward - looking statements within the meaning of the Private Securities Liti
Slide 4: Agenda
A g enda 2023 - 08 - 09 4 © Neonode 2001 - 2023 · www.neonode.com · Nasdaq (NEON) 1. Summary 2. Q2 2 0 23 Financial Re s u lts 3. Business Update 4. Q&A N e onod e I n c . Q2 20 2 3 | A u g u st 1 0 , 20 2 3
Slide 5: Summary of Key Points Q2
Summary of Key Points Q2 2023 - 08 - 09 5 © Neonode 2001 - 2023 · www.neonode.com · Nasdaq (NEON) • Lice n sing r ev e nu e s sta b le • Wor l dwide se m ic o nductor s u p p ly s h ortag e si t u a t ion h a s im p rov e d • Demand for our printer and automotive customers’ products remains strong •
Slide 6: Agenda
A g enda 2023 - 08 - 09 6 © Neonode 2001 - 2023 · www.neonode.com · Nasdaq (NEON) 1. Summary 2. Q2 2 0 23 Fin a n c i a l R e s u lts 3. Business Update 4. Q&A N e onod e I n c . Q2 20 2 3 | A u g u st 1 0 , 20 2 3
Slide 7: Q2/'23 Financial Results – Revenues
$1.2 million R e v e n u e T o t a l Q2 2023 但 5 % Y oY $0.1 million Revenue Products Q2 2023 但 60 % Y oY $1.1 million R e v e n u e Lic e n s e Q2 2023 似 15 % Y oY 1,400 1,200 1,000 800 600 400 200 0 - 200 A M E R A P A C EM E A A M E R APAC EM E A A M E R APAC EM E A A M E R APAC EM E A A M E R AP
Slide 8: Q2/'23 Financial Results – Gross Profit/Margin
67% Adjusted Gross Margin TSMs* Q2 2023 似 11pp YoY 67% G r o s s M a r g i n Products Q2 2023 似 11pp YoY * See reconciliation in Appendix ”Non - GAAP Financial Measures” - 25 0 % - 20 0 % - 15 0 % - 10 0 % - 50% 0% 50% 100 50 0 - 50 - 100 - 150 - 200 20 0 100% 150 Q1 - 20 Q2 - 20 Q3 - 20 Q4 - 20 Q1
Slide 9: Q2/'23 Financial Results – Operating Expenses
Q2/’23 Financial Results – Operating Expenses $2.8 million Operating Expenses Q2 2023 但 2% YoY - 3 ,000 - 3 ,500 2023 - 08 - 09 9 © Neonode 2001 - 2023 · www.neonode.com · Nasdaq (NEON) - 2 ,500 - 2 ,000 - 1,500 - 1,000 - 500 0 Q 1 - 20 Q 2 - 20 Q 3 - 20 Q 4 - 20 T h o us a nd s Operating Expenses Q
Slide 10: Q2/'23 Financial Results – Cash
Q2/’23 Financial Results – Cash $21.6 million Cash and Accounts Receivables Jun. 30, 2023 似 5.3 Million Dec. 31, 2022 $0.6 million Net Cash Burn O p e r a t i n g A ct i v i t i e s Q2 2023 但 79 % Y oY - 3 ,000 - 3 ,500 2023 - 08 - 09 10 © Neonode 2001 - 2023 · www.neonode.com · Nasdaq (NEON) - 2 ,5
Slide 11: Agenda
A g enda 2023 - 08 - 09 11 © Neonode 2001 - 2023 · www.neonode.com · Nasdaq (NEON) 1. Summary 2. Q2 2 0 23 Financial Re s u lts 3. Bu s i n e s s Up d ate 4. Q&A N e onod e I n c . Q2 20 2 3 | A u g u st 1 0 , 20 2 3
Slide 12: Touchless Solutions
Touchless Solutions 2023 - 08 - 09 12 © Neonode 2001 - 2023 · www.neonode.com · Nasdaq (NEON)
Slide 13: Luxury Hotel, The Maybourne Riviera, Installs Contactless Controls
Luxury Hotel, The Maybourne Riviera, Installs Contactless Controls 2023 - 08 - 09 13 © Neonode 2001 - 2023 · www.neonode.com · Nasdaq (NEON)
Slide 14: MyScript Collaboration Provides Handwriting Recognition Solutions to Integrators
MyScript Collaboration Provides Handwriting Recognition Solutions to Integrators 2023 - 08 - 09 14 © Neonode 2001 - 2023 · www.neonode.com · Nasdaq (NEON)
Slide 15: Neonode and NXO Sign Value-added Reseller Agreement
Neonode and NXO Sign Value - added Reseller Agreement 2023 - 08 - 09 15 © Neonode 2001 - 2023 · www.neonode.com · Nasdaq (NEON)
Slide 16: Rugged Touch Solutions
Rugged Touch Solutions 2023 - 08 - 09 16 © Neonode 2001 - 2023 · www.neonode.com · Nasdaq (NEON)
Slide 17: Medtech
Me d t ech 2023 - 08 - 09 17 © Neonode 2001 - 2023 · www.neonode.com · Nasdaq (NEON)
Slide 18: Automotive Commercial Vehicle and Off Highway
Automotive Commercial Vehicle and Off Highway 2023 - 08 - 09 18 © Neonode 2001 - 2023 · www.neonode.com · Nasdaq (NEON)
Slide 19: HUD Obstruction Detection
HUD Obstruction Detection 2023 - 08 - 09 19 © Neonode 2001 - 2023 · www.neonode.com · Nasdaq (NEON)
Slide 20: Driver and In-cabin Monitoring
Driver and In - cabin Monitoring 2023 - 08 - 09 20 © Neonode 2001 - 2023 · www.neonode.com · Nasdaq (NEON)
Slide 21: Events Q2 2023
Events Q2 2023 2023 - 08 - 09 21 © Neonode 2001 - 2023 · www.neonode.com · Nasdaq (NEON) • • • IM S & H UD Ex p o , C h ina • M e d - T e c h I n nov a t io n E xpo, UK • Car. HM I Europ e , G e rm a ny • InCa b in . S e nsing Europ e , G e rm a ny • A u t o S e ns InC a b i n , B e lgium IVT Ex p o
Slide 22: Agenda
A g enda 2023 - 08 - 09 22 © Neonode 2001 - 2023 · www.neonode.com · Nasdaq (NEON) 1. Summary 2. Q2 2 0 23 Financial Re s u lts 3. Business Update 4. Q&A N e onod e I n c . Q2 20 2 3 | A u g u st 1 0 , 20 2 3
Slide 23: Thank you
inf o @ n e o nod e . c o m neonode.com Subsc r ibe to N e o node n e w s let t e r Thank you. 2023 - 08 - 09 23 © Neonode 2001 - 2021 · www.neonode.com · Nasdaq (NEON) 2023 - 08 - 09 23 © Neonode 2001 - 2023 · www.neonode.com · Nasdaq (NEON)
Slide 24: Appendix
Appendix 2023 - 08 - 09 24 © Neonode 2001 - 2023 · www.neonode.com · Nasdaq (NEON)
Slide 25: Non-GAAP Financial Measures
Non - GAAP Financial Measures In addition to presenting our financial results in accordance with accounting principles generally accepted in the United States (“GAAP”), we use adjusted gross margin to measure our financial performance. We define adjusted gross margin as gross margin excluding AirBar