NEON — what changed in the latest 10-Q

Text added vs the prior filing · source: 10-Q · 2026-05-13

• All of our sales for the three months ended March 31, 2026 and 2025 were to customers located in the United States, Europe and Asia.

• Total revenues were $0.6 million for the three months ended March 31, 2026, compared to $0.5 million for the same period in 2025. The increase in total revenues of 19.7% for the three months ended March 31, 2026, as compared to the same period in 2025, is mainly explained by higher license fees.

• Revenues from license fees were $0.6 million for the three months ended March 31, 2026, compared to $0.5 million for the same periods in 2025. The increase of 19.1% for the three months ended March 31, 2026, as compared to the same period in 2025, was mainly due to new license agreements.

• Revenues from non-recurring engineering were $22,000 for the three months ended March 31, 2026, compared to $16,000 for the same periods in 2025. Most of our non-recurring engineering revenues are related to application development and proof-of-concept projects related to our technology platforms. T…

• Research and development (“R&D”) expenses were $0.9 million for the three months ended March 31, 2026, compared to $1.0 million for the same periods in 2025. The decrease of 7.2% for the three months ended March 31, 2026 compared to the same period in 2025 was primarily related to lower cost for pay…

Text removed vs the prior filing · source: 10-Q · 2025-11-06

• Basic and diluted income (loss) per share from continuing operations

• Basic and diluted income (loss) per share from continuing operations

• All of our sales for the three and nine months ended September 30, 2025 and 2024 were to customers located in the United States, Europe and Asia.

• Total revenues were $0.4 million and $1.5 million for the three and nine months ended September 30, 2025, respectively, compared to $0.8 million and $2.5 million for the same periods in 2024, respectively. The decrease in total revenues of 48.7% for the three months ended September 30, 2025, as comp…

• Revenues from license fees were $0.4 million and $1.3 million for the three and nine months ended September 30, 2025, respectively, compared to $0.7 million and $2.1 million for the same periods in 2024, respectively. The decrease of 44.5% for the three months ended September 30, 2025, as compared t…

Text added vs the prior filing · source: 10-Q · 2026-05-13

• We identified material weaknesses in the design and operation of our internal controls over financial reporting in the “Control Activities” component of the Committee of Sponsoring Organizations (COSO) framework:

• We did not maintain information technology general controls, including user access, change management, and computer operation controls, to support the effective operation of financially significant systems;

• We identified system limitations that do not facilitate proper segregation of duties within multiple systems and a lack of mitigating business process level controls to address the risk of management override of controls over the preparation and review of manual journal entries and in key accounting…

• ● There are lack of sufficient controls to prevent the risk of material misstatements in the income tax calculations and related disclosures.

• While neither of the deficiencies resulted in any material misstatements of our consolidated interim or annual financial statements, they do represent material weaknesses in our internal control over financial reporting.

Text removed vs the prior filing · source: 10-Q · 2025-11-06

• We identified a material weakness in the design and operation of our internal controls over financial reporting in the “Control Activities” component of the Committee of Sponsoring Organizations ("COSO") framework related to a lack of information technology general controls to prevent the risk of ma…

• We identified another material weakness in the design and operation of our internal controls over financial reporting in the “Control Activities” component of the COSO framework related to a lack of sufficient controls to prevent the risk of material misstatements in the income tax calculations and …