Slide 1: Neonode Q4 and Full-Year 2023 Earnings Call
2024 - 02 - 27 1 © Neonode 2001 - 2024 · www.neonode.com · NASDAQ: NEON · Classification : Open Neonode Q4 and Full - Year 2023 Earnings Call February 28, 2024
Slide 2: Presenters
2024 - 02 - 27 2 © Neonode 2001 - 2024 · www.neonode.com · NASDAQ: NEON · Classification : Open Urban Forssell Chief Executive Officer Fredrik Nihlén Chief Financial Officer Presenters
Slide 3: Agenda
2024 - 02 - 27 3 © Neonode 2001 - 2024 · www.neonode.com · NASDAQ: NEON · Classification : Open Agenda 1. Introduction 2. 2023 Retrospective 3. 2023 Financial Results 4. 2024 Strategy Update 5. Q&A
Slide 4: Legal Disclaimer
2024 - 02 - 27 4 © Neonode 2001 - 2024 · www.neonode.com · NASDAQ: NEON · Classification : Open Legal Disclaimer 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
Slide 5: Agenda
2024 - 02 - 27 5 © Neonode 2001 - 2024 · www.neonode.com · NASDAQ: NEON · Classification : Open Agenda 1. Introduction 2. 2023 Retrospective 3. 2023 Financial Results 4. 2024 Strategy Update 5. Q&A
Slide 6: 2023 Retrospective – Business Strategy
2024 - 02 - 27 6 © Neonode 2001 - 2024 · www.neonode.com · NASDAQ: NEON · Classification : Open 2023 Retrospective – Business Strategy INTERACTIVE KIOSK ELEVATOR PRINTER AUTOMOTIVE TARGET SECTORS BUSINESS MODELS SALES OF NRE SERVICES + PRODUCT SALES SALES OF NRE SERVICES + TECHNOLOGY LICENSING CUSTO
Slide 7: 2023 Retrospective – Outcome
2024 - 02 - 27 7 © Neonode 2001 - 2024 · www.neonode.com · NASDAQ: NEON · Classification : Open 2023 Retrospective – Outcome In Our Licensing Business: • License revenues from legacy customers stable • Break - through driver monitoring software award • Interesting sales pipeline • License revenues f
Slide 8: Agenda
2024 - 02 - 27 8 © Neonode 2001 - 2024 · www.neonode.com · NASDAQ: NEON · Classification : Open Agenda 1. Introduction 2. 2023 Retrospective 3. 2023 Financial Results 4. 2024 Strategy Update 5. Q&A
Slide 9: 2023 Financial Results – Revenues
2024 - 02 - 27 9 © Neonode 2001 - 2024 · www.neonode.com · NASDAQ: NEON · Classification : Open 2023 Financial Results – Revenues $ 4 . 4 million Revenue Total 2023 ▼ 22 % YoY $0. 6 million Revenue Products 2023 ▼ 38 % YoY $ 3 . 8 million Revenue License 2023 ▼ 15 % YoY 0 500 1,000 1,500 2,000 2,500
Slide 10: Financial Results – Operating Expenses
2024 - 02 - 27 10 © Neonode 2001 - 2024 · www.neonode.com · NASDAQ: NEON · Classification : Open 20 23 Financial Results – Operating Expenses $ 10 . 7 million Operating Expenses 2023 ▲ 5 % YoY -12,500 -12,000 -11,500 -11,000 -10,500 -10,000 -9,500 -9,000 2020 2021 2022 2023 Thousands Operating Expen
Slide 11: Financial Results – Profit & Loss
2024 - 02 - 27 11 © Neonode 2001 - 2024 · www.neonode.com · NASDAQ: NEON · Classification : Open 20 23 Financial Results – Profit & Loss $ 10.1 million Net Loss 2023 ▲ 103 % YoY * 2023 impacted by one - time costs of $362,000 related to a loss on purchase commitment and $3.6 million related to inven
Slide 12: Financial Results – Cash
2024 - 02 - 27 12 © Neonode 2001 - 2024 · www.neonode.com · NASDAQ: NEON · Classification : Open 20 23 Financial Results – Cash Lorem $ 17.1 million Cash and Accounts Receivables Dec . 3 1 , 2023 ▲ 0.8 Million Dec. 31, 2022 $ 6 . 3 million Net Cash Burn Operating Activities 2023 ▼ 7 % YoY -9,000 -8,
Slide 13: Phase Out of Product Business
2024 - 02 - 27 13 © Neonode 2001 - 2024 · www.neonode.com · NASDAQ: NEON · Classification : Open Phase Out of Product Business Inventory P&L effect 2023 • Impairment loss of $3.6 million (no cash flow effect) • Loss on purchase commitment of $0.4 million Plan 2024 • Produc tion and sale of TSMs duri
Slide 14: Agenda
2024 - 02 - 27 14 © Neonode 2001 - 2024 · www.neonode.com · NASDAQ: NEON · Classification : Open Agenda 1. Introduction 2. 2023 Retrospective 3. 2023 Financial Results 4. 2024 Strategy Update 5. Q&A
Slide 15: Cornerstones of New Sharpened Strategy
2024 - 02 - 27 15 © Neonode 2001 - 2024 · www.neonode.com · NASDAQ: NEON · Classification : Open Cornerstones of New Sharpened Strategy • Full focus on technology and software licensing ; • Reduced operational complexity • Better market fit • Two application areas: • Human - machine interaction • Ma
Slide 16: Two Business Areas
2024 - 02 - 27 16 © Neonode 2001 - 2024 · www.neonode.com · NASDAQ: NEON · Classification : Open Two Business Areas IT & Industrial • Technology and software licensing • Sales of engineering services • Sales of demonstrators and prototypes • Printer • Interactive Kiosk • Medtech • Industrial Automot
Slide 17: Touch Features for Printers
2024 - 02 - 27 17 © Neonode 2001 - 2024 · www.neonode.com · NASDAQ: NEON · Classification : Open Touch Features for Printers • Powered by Neonode’s zForce Blocking technology • 50+ million units produced by leading printer manufacturers • Low cost, reliable, high - performance technology IT & Indust
Slide 18: Touch and Touchless Features for Interactive Kiosks
2024 - 02 - 27 18 © Neonode 2001 - 2024 · www.neonode.com · NASDAQ: NEON · Classification : Open Touch and Touchless Features for Interactive Kiosks • Powered by Neonode’s zForce Reflective technology • Simple, intuitive, and hygienic touchless interaction with • Holographic images • Displays • Keyb
Slide 19: Touchless Features for Elevators
2024 - 02 - 27 19 © Neonode 2001 - 2024 · www.neonode.com · NASDAQ: NEON · Classification : Open Touchless Features for Elevators • Powered by Neonode’s zForce Reflective technology • Simple, intuitive and hygienic touchless interaction with • Holographic images • Displays • Buttons • Available for
Slide 20: Touch and Touchless Features for Medtech Equipment
2024 - 02 - 27 20 © Neonode 2001 - 2024 · www.neonode.com · NASDAQ: NEON · Classification : Open Touch and Touchless Features for Medtech Equipment • Powered by Neonode’s zForce technology • Rugged touch supporting gloved operation • Robust and hygienic touchless interaction with • Holographic image
Slide 21: Driver and In-cabin Monitoring
2024 - 02 - 27 21 © Neonode 2001 - 2024 · www.neonode.com · NASDAQ: NEON · Classification : Open Driver and In - cabin Monitoring • Based on Neonode’s MultiSensing software platform • Driver monitoring : Distraction , drowsiness , gaze direction etc. • In - cabin monitoring : Occupancy , positioning
Slide 22: HUD Obstruction Detection
2024 - 02 - 27 22 © Neonode 2001 - 2024 · www.neonode.com · NASDAQ: NEON · Classification : Open HUD Obstruction Detection • Powered by Neonode’s zForce Blocking technology • Safety - enhancing detection of foreign objects • Powered by Neonode’s zForce Blocking technology • Cost effective and extrem
Slide 23: Touch Features for Vehicle Displays
2024 - 02 - 27 23 © Neonode 2001 - 2024 · www.neonode.com · NASDAQ: NEON · Classification : Open Touch Features for Vehicle Displays • Powered by Neonode’s zForce Blocking technology • Automotive - level environmental qualification • - 40 to 105 ° C ( - 40 to 221 ° F) • Shock and vibration • Thermal
Slide 24: Entering 2024 with Momentum
2024 - 02 - 27 24 © Neonode 2001 - 2024 · www.neonode.com · NASDAQ: NEON · Classification : Open x Well positioned for future growth • Added traction in driver and in - cabin monitoring with break - through commercial vehicle manufacturer award • New and intensified conversations with vehicle manufa
Slide 25: Status February 2024
2024 - 02 - 27 25 © Neonode 2001 - 2024 · www.neonode.com · NASDAQ: NEON · Classification : Open • Sales and production of TSMs progressing well • Closing of production unit in Kungsbacka, Sweden, prepared • Negotiations of terms and conditions for TSM licensing with several TSM customers and VARs o
Slide 26: Agenda
2024 - 02 - 27 26 © Neonode 2001 - 2024 · www.neonode.com · NASDAQ: NEON · Classification : Open Agenda 1. Introduction 2. 2023 Retrospective 3. 2023 Financial Results 4. 2024 Strategy Update 5. Q&A
Slide 27: © Neonode : Open
2024 - 02 - 27 27 © Neonode 2001 - 2024 · www.neonode.com · NASDAQ: NEON · Classification : Open