Slide 1: Q3 2023 Earnings Call
2023 - 11 - 09 © Neonode 2001 - 2023 · www.neonode.com · NASDAQ : NEON · Classification : 1 Open Open / Confidential / Secret Q3 2023 Earnings Call Nov. 9, 2023
Slide 2: Presenters
2023 - 11 - 09 © Neonode 2001 - 2023 · www.neonode.com · NASDAQ : NEON · Classification : 2 Open Urban Forssell Chief Executive Officer Fredrik Nihlén Chief Financial Officer Presenters
Slide 3: Legal Disclaimer
2023 - 11 - 09 3 © Neonode 2001 - 2023 · www.neonode.com · NASDAQ : NEON · Classification : 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 Priv
Slide 4: Agenda
2023 - 11 - 09 4 © Neonode 2001 - 2023 · www.neonode.com · NASDAQ : NEON · Classification : Agenda 1. Summary 2. Q3 2023 Financial Results 3. Strategy & Business Update 4. Q&A Open
Slide 5: Summary of Key Points
2023 - 11 - 09 5 © Neonode 2001 - 2023 · www.neonode.com · NASDAQ : NEON · Classification : 2023 - 11 - 09 © Neonode 2001 - 2023 · www.neonode.com · NASDAQ : NEON · Classification : 5 Summary of Key Points Q3 and YTD • Licensing revenues decreased in Q3 but are stable YTD • Some customers reported l
Slide 6: Agenda: Q3 2023 Financial Results
2023 - 11 - 09 6 © Neonode 2001 - 2023 · www.neonode.com · NASDAQ : NEON · Classification : Agenda 1. Summary 2. Q3 2023 Financial Results 3. Strategy & Business Update 4. Q&A Open
Slide 7: Q3 '23 Financial Results – Revenues
2023 - 11 - 09 7 © Neonode 2001 - 2023 · www.neonode.com · NASDAQ : NEON · Classification : Q 3 /’23 Financial Results – Revenues Open $1. 0 million Revenue Total Q 3 2023 ▼ 18 % YoY $0. 2 million Revenue Products Q 3 2023 ▲ 5 % YoY $ 0 . 8 million Revenue License Q 3 2023 ▼ 20 % YoY -200 0 200 400
Slide 8: Q3 '23 Financial Results – Gross Profit/Margin
2023 - 11 - 09 8 © Neonode 2001 - 2023 · www.neonode.com · NASDAQ : NEON · Classification : Q 3 /’23 Financial Results – Gross Profit/ Margin Open 48 % Adjusted Gross Margin TSMs * Q 3 2023 0 pp YoY (39) % Gross Margin Products Q 3 2023 ▼ 88 pp YoY * See reconciliation in Appendix ”Non - GAAP Financ
Slide 9: Q3 '23 Financial Results – Operating Expenses
2023 - 11 - 09 9 © Neonode 2001 - 2023 · www.neonode.com · NASDAQ : NEON · Classification : Q 3 /’23 Financial Results – Operating Expenses Open $2. 2 million Operating Expenses Q 3 2023 ▲ 6 % YoY -3,500 -3,000 -2,500 -2,000 -1,500 -1,000 -500 0 Q1-20 Q2-20 Q3-20 Q4-20 Q1-21 Q2-21 Q3-21 Q4-21 Q1-22
Slide 10: Q3 '23 Financial Results – Cash
2023 - 11 - 09 10 © Neonode 2001 - 2023 · www.neonode.com · NASDAQ : NEON · Classification : Q 3 /’23 Financial Results – Cash Open Lorem $ 19.4 million Cash and Accounts Receivables Sep . 30, 2023 ▲ 3 . 1 Million Dec. 31, 2022 $ 1 . 8 million Net Cash Burn Operating Activities Q 3 2023 ▲ 272 % YoY
Slide 11: Agenda: Strategy & Business Update
2023 - 11 - 09 11 © Neonode 2001 - 2023 · www.neonode.com · NASDAQ : NEON · Classification : Agenda 1. Summary 2. Q3 2023 Financial Results 3. Strategy & Business Update 4. Q&A Open
Slide 12: Interactive Holographic Displays
2023 - 11 - 09 12 © Neonode 2001 - 2023 · www.neonode.com · NASDAQ : NEON · Classification : 2023 - 11 - 09 © Neonode 2001 - 2023 · www.neonode.com · NASDAQ : NEON · Classification : 12 Open Lorem ipsum dolor sit Interactive Holographic Displays Shown here is a queue management kiosk used in governm
Slide 13: Rugged Touch and Touchless User Interface Features for Medtech
2023 - 11 - 09 © Neonode 2001 - 2023 · www.neonode.com · NASDAQ : NEON · Classification : 13 Open 2023 - 11 - 09 © Neonode 2001 - 2023 · www.neonode.com · NASDAQ : NEON · Classification : 13 Rugged Touch and Touchless User Interface Features for Medtech Pictures from LabDays Oslo 2023 where we demon
Slide 14: Touch On Any Surface
2023 - 11 - 09 © Neonode 2001 - 2023 · www.neonode.com · NASDAQ : NEON · Classification : 14 Open 2023 - 11 - 09 © Neonode 2001 - 2023 · www.neonode.com · NASDAQ : NEON · Classification : 14 Touch On Any Surface Our optical touch technology zForce ® supports touch features on any surface, e.g., glas
Slide 15: HUD Obstruction Detection
2023 - 11 - 09 15 © Neonode 2001 - 2023 · www.neonode.com · NASDAQ : NEON · Classification : 2023 - 11 - 09 © Neonode 2001 - 2023 · www.neonode.com · NASDAQ : NEON · Classification : 15 Open Lorem ipsum dolor sit HUD Obstruction Detection Neonode offers custom object detection features tailored for
Slide 16: Driver and In-cabin Monitoring
2023 - 11 - 09 16 © Neonode 2001 - 2023 · www.neonode.com · NASDAQ : NEON · Classification : 2023 - 11 - 09 © Neonode 2001 - 2023 · www.neonode.com · NASDAQ : NEON · Classification : 16 Open Driver and In - cabin Monitoring Custom driver and in - cabin monitoring applications for any need Unparallel
Slide 17: Events Q3 2023
2023 - 11 - 09 © Neonode 2001 - 2023 · www.neonode.com · NASDAQ : NEON · Classification : 17 Open 2023 - 11 - 09 © Neonode 2001 - 2023 · www.neonode.com · NASDAQ : NEON · Classification : 17 Events Q3 2023 • iVT Expo Off - Highway Vehicle Technology, Chicago, Illinois, Aug. 21 - 22 • Vendtra Vending
Slide 18: Upcoming Events
2023 - 11 - 09 © Neonode 2001 - 2023 · www.neonode.com · NASDAQ : NEON · Classification : 18 Open 2023 - 11 - 09 © Neonode 2001 - 2023 · www.neonode.com · NASDAQ : NEON · Classification : 18 Upcoming Events 2023 • Agritechnica , Hannover, Germany, Nov. 12 - 18 • Compamed , Düsseldorf, Germany, Nov.
Slide 19: Visit www.neonode.com for more information
2023 - 11 - 09 © Neonode 2001 - 2023 · www.neonode.com · NASDAQ : NEON · Classification : 19 Open Visit www.neonode.com for more information Follow us on social media
Slide 20: Appendix
2023 - 11 - 09 20 © Neonode 2001 - 2023 · www.neonode.com · NASDAQ : NEON · Classification : Appendix Open
Slide 21: Non-GAAP Financial Measures
2023 - 11 - 09 21 © Neonode 2001 - 2023 · www.neonode.com · NASDAQ : NEON · Classification : Non - GAAP Financial Measures Open In addition to presenting our financial results in accordance with accounting principles generally accepted in the United Sta tes (“GAAP”), we use adjusted gross margin to