Neonode Inc., together with its subsidiaries, develops optical sensing solutions for contactless touch, touch, and gesture sensing in the United States, Japan, South Korea, China, and internationally. It also offers software solutions for scene analysis using advanced machine learning algorithms to detect and track persons and objects in video streams for cameras and other types of imagers. In addition, the company licenses its technology to original equipment manufacturers (OEMs) and Tier 1 suppliers. Further, it provides embedded sensors modules to OEMs, original design manufacturers, and systems integrators; and engineering consulting services. Additionally, the company sells Neonode branded sensor products, such as AirBar products through distributors. It serves office equipment, automotive, industrial automation, medical, military, and avionics markets. Neonode Inc. was incorporated in 1997 and is headquartered in Stockholm, Sweden.
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Neonode (NEON) is a technology company specializing in optical sensing solutions for touch, gesture control, and driver/occupant monitoring systems, often licensing its core technology to other manufacturers.
- Neonode is like a specialized Mobileye for monitoring drivers and vehicle occupants inside the car.
- Neonode is like ARM Holdings for optical sensing technology, licensing its core intellectual property for touch, gesture, and in-cabin monitoring to device manufacturers and automotive companies.
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zForce Optical Sensing Technology: A proprietary optical sensing technology enabling touch, touchless interaction, gesture control, and object detection on various surfaces.
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Human Machine Interface (HMI) Solutions: Integrated hardware and software solutions providing advanced touch, touchless, and gesture control for displays and surfaces across diverse industries.
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Driver and In-Cabin Monitoring Systems (DMS/IMS): Camera-based solutions utilizing optical sensing to monitor driver attention, fatigue, and occupant presence for enhanced safety and comfort.
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Neonode Inc. (symbol: NEON) primarily sells its technology and solutions to **other companies (B2B)**. Their customers are typically Original Equipment Manufacturers (OEMs) and Original Design Manufacturers (ODMs) that integrate Neonode's optical sensing technology (for touchless, touch, and gesture control) into their final products.
According to Neonode's SEC filings, the company does not currently have any customers that individually represent 10% or more of its total annual revenue. Therefore, while no single "major customer" by revenue concentration can be named, Neonode's customer base consists of companies in the following key industries:
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Automotive OEMs and Tier 1 Suppliers: Companies that integrate Neonode's technology for in-cabin sensing (e.g., driver monitoring, gesture control) and infotainment systems in vehicles.
Example Partner/Customer (for product integration): Autoliv Inc. (symbol: ALV). Neonode has partnered with Autoliv, a leading automotive safety systems supplier, on driver monitoring systems.
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Office Equipment Manufacturers: Companies producing multi-function printers (MFPs), scanners, and other office automation devices, incorporating Neonode's touchless interaction solutions.
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Medical Device Manufacturers: Companies developing medical equipment and devices that require sterile, touchless, or highly precise human-machine interfaces for healthcare environments.
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Consumer Electronics and Industrial Automation Companies: Manufacturers of interactive displays, public kiosks, smart home devices, and industrial machinery where advanced human-machine interaction, including touchless control, is desired.
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Daniel Alexus President and Chief Executive Officer
Prior to joining Neonode in 2025, Mr. Alexus served as Executive, Global Head of Innovation and Founder of Ericsson ONE since 2018, which is an innovation accelerator within Telefonaktiebolaget LM Ericsson (publ) (“Ericsson”). Daniel Alexus also held several other senior roles at Ericsson, where he started in 2010.
Fredrik Nihlén Chief Financial Officer
Mr. Nihlén joined Neonode in August 2021. Before Neonode, he held the position of Finance Director IFS Nordics at IFS Sverige AB since 2019. From 2018 to 2019, Mr. Nihlén was the Group Chief Financial Officer at Cinnober Financial Technology AB. Prior to that, he worked at DIBS Payment Services, serving as Head of Finance from 2016 to 2018 and Business Controller from 2013 to 2016.
Johanna Jansson Vice President Marketing & Sales Automotive
Ms. Jansson joined Neonode in 2022 and has extensive experience in key account management, business development, and strategic sales from various organizations. Before joining Neonode, she served as Key Account Manager at Stoneridge and Business Area Manager at Calix.
Kent Pålsson Vice President Engineering
Mr. Pålsson joined Neonode in 2023 as Engineering Manager for the zForce platform and took responsibility for the entire Engineering team in 2024. He brings over 20 years of experience in the automotive industry, having held numerous senior management positions in engineering, product management, and business development, including most recently as VP OEM products at Stoneridge Electronics.
Johan Swartz Vice President Marketing & Sales IT & Industrial
Mr. Swartz is the Vice President of Marketing & Sales IT & Industrial at Neonode.
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The emergence of highly specialized competitors in the automotive in-cabin sensing market, such as Smart Eye and Cipia, poses a clear threat. These companies are securing significant design wins with major automotive OEMs globally for driver and occupant monitoring systems (DMS/OMS) using AI-based computer vision, directly competing with Neonode's Attention and Identification Technology (AIT) and potentially limiting Neonode's market share in a critical growth sector.
Major semiconductor and platform providers like Qualcomm (Snapdragon Digital Chassis) and NVIDIA (Drive platform) are increasingly offering comprehensive, integrated hardware and software solutions that include in-cabin sensing capabilities. This trend towards consolidated automotive platforms could lead OEMs to prefer single-vendor solutions that incorporate these functionalities, potentially marginalizing specialized component providers like Neonode who offer standalone sensing technologies.
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Neonode (NASDAQ: NEON) operates in the optical sensing solutions market, primarily focusing on contactless touch, gesture control, and in-cabin monitoring technologies. The addressable markets for their main products and services are as follows:
Contactless Touch Solutions
The U.S. contactless touch sensor market is valued at **USD 15.36 billion in 2025**. Industry forecasts project a 7.25% compound annual growth rate through 2033 for this market.
Gesture Control Solutions
The global gesture recognition market, which includes technology for various applications, was estimated at **USD 24.30 billion in 2024** and is projected to reach **USD 182.47 billion by 2032**, demonstrating a compound annual growth rate (CAGR) of 28.8% during this forecast period. The U.S. market for gesture recognition is estimated to reach **USD 6.96 billion in 2025**.
In-Cabin Monitoring / Machine Perception
The global automotive in-cabin monitoring solution market was valued at approximately **USD 2.5 billion in 2023** and is projected to reach around **USD 10.8 billion by 2032**, exhibiting a robust CAGR of 17.5% during the forecast period. Neonode is strategically aligning its MultiSensing AI computer vision platform for expanded deployment in the automotive sector, focusing on in-cabin monitoring.
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Neonode (NEON) is focusing on a strategic shift to a licensing-only business model, moving away from its legacy Touch Sensor Module (TSM) product business. This transition underpins several expected drivers of future revenue growth over the next 2-3 years.
- Expansion of MultiSensing AI platform in the automotive sector, particularly Driver Monitoring Systems (DMS) licensing: Neonode is prioritizing the growth of its MultiSensing AI platform within the automotive industry, with a strong emphasis on Driver Monitoring Systems (DMS) software. The company announced an award from a leading commercial vehicle OEM to supply its MultiSensing DMS software, and revenues from related non-recurring engineering (NRE) projects are anticipated to convert into significant licensing revenues once these projects enter full production.
- Securing new technology licensing agreements across diverse markets: While facing declining revenues in legacy segments like printer and passenger car touch applications, Neonode aims to generate future revenue growth by establishing new licensing opportunities for its innovative optical sensing solutions. The company's technology for contactless touch, gesture control, and in-cabin monitoring is being targeted for new applications in various markets such as amusement machines, elevators, and self-service kiosks.
- Strategic partnerships with major technology firms: A key driver for future revenue growth is expected to come from strategic partnerships with major technology companies. These collaborations are anticipated to enhance Neonode's revenue streams and contribute to the adoption of its advanced touch technology solutions.
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Share Issuance
- In 2023, Neonode issued 903,716 shares of common stock through an At-the-Market (ATM) facility, generating aggregate net proceeds of $7,866,000, after accounting for commissions and expenses.
- In 2024, the company issued an additional 1,423,441 shares of common stock via an ATM facility, resulting in aggregate net proceeds of $5.8 million, after commissions and expenses.
- The total number of shares outstanding increased from 10.12 million at the end of 2020 to 16.783 million by November 2025.
Inbound Investments
- In Q3 2025, Neonode recognized a $19.39 million gain from a patent assignment, with a related broker fee of $3.88 million.
- The net gain from this patent assignment, after the broker fee, amounted to $15.5 million, and this amount was paid in October 2025.
Capital Expenditures
- Neonode reported trailing twelve-month capital expenditures of approximately -$91,000.
- The company's strategic shift to a software and technology licensing business model aims to reduce the high costs associated with hardware manufacturing.
