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Press Release

Neonode Reports Year Ended December 31, 2020 Financial Results

Press Release

STOCKHOLM, SWEDEN – March 10, 2021 – Neonode Inc. (NASDAQ: NEON), today reported financial results for the fiscal year ended December 31, 2020. FINANCIAL SUMMARY FOR THE FISCAL YEAR ENDED DECEMBER 31, 2020: · Revenue of $6.0 million, a decrease of 10.0% compared to prior year. · Operating expenses of $11.1 million, a decrease of 5.1% over the prior year. · Net loss of $5.6 million, or $0.56 per share compared to $5.3 million, or $0.60 per share for prior year. · Cash used by operations of $5.8 million compared to $3.5 million for prior year. · Cash and accounts receivable of

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