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Press Release

Neonode Reports Year Ended December 31, 2019 Financial Results

Press Release

STOCKHOLM, SWEDEN – March 11, 2020 – Neonode Inc. (NASDAQ: NEON), the optical interactive sensing technology company, today reported financial results for the fiscal year ended December 31, 2019. FINANCIAL SUMMARY FOR THE FISCAL YEAR ENDED DECEMBER 31, 2019: · Revenue of $6.6 million, a decrease of 22.2% compared to prior year · Operating expenses of $11.7 million, an increase of 1.7% over the prior year · Net loss attributable to Neonode, Inc. of $5.3 million, or $0.60 per share compared to $3.1 million, or $0.52 per share for prior year · Cash used by operations of $3.5

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