Why did Neonc's operating expenses drop sharply in 2024?

Neonode's operating expenses dropped sharply in 2024 primarily due to lower demand for its legacy products in printer and passenger car touch applications. However, this decline was offset by increased revenues from new licensing customers. The company's strategic focus on its licensing business and the reclassification of its products business to discontinued operations contributed to this decrease in operating expenses. Additionally, operational efficiencies and cost management measures likely played a role in reducing expenses.