Neonode (NEON)
Market Price (6/29/2026): $0.873 | Market Cap: $14.7 MilSector: Information Technology | Industry: Electronic Components
Neonode (NEON)
Market Price (6/29/2026): $0.873Market Cap: $14.7 MilSector: Information TechnologyIndustry: Electronic Components
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 61%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 56% Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -167% Attractive operating marginsOp Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is 336% Valuation becoming less expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -55% Megatrend and thematic driversMegatrends include Autonomous Technologies, and Electric Vehicles & Autonomous Driving. Themes include Machine Vision, and Autonomous Driving Technology. | Weak multi-year price returns2Y Excs Rtn is -98%, 3Y Excs Rtn is -157% | Penny stockMkt Price is 0.8 Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -23%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -27% Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -509%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -513% High stock price volatilityVol 12M is 106% Key risksNEON key risks include [1] financial instability and declining core business revenue, Show more. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 61%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 56% |
| Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -167% |
| Attractive operating marginsOp Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is 336% |
| Valuation becoming less expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -55% |
| Megatrend and thematic driversMegatrends include Autonomous Technologies, and Electric Vehicles & Autonomous Driving. Themes include Machine Vision, and Autonomous Driving Technology. |
| Weak multi-year price returns2Y Excs Rtn is -98%, 3Y Excs Rtn is -157% |
| Penny stockMkt Price is 0.8 |
| Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -23%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -27% |
| Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -509%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -513% |
| High stock price volatilityVol 12M is 106% |
| Key risksNEON key risks include [1] financial instability and declining core business revenue, Show more. |
Qualitative Assessment
AI Analysis | Feedback
Neonode (NEON) stock has lost about 55% since 2/28/2026 because of the following key factors:
1. Persistent Operating Losses and Increased Cash Burn: Neonode continued to report operating losses and increased cash usage during the period. For fiscal Q1 2026 (ended March 31, 2026), the company reported a loss from continuing operations of $1.9 million, equating to $0.11 per share. This reflected an increase in cash used by operations to $2.1 million, compared to $1.4 million in the same period of the prior year. The company's fiscal Q4 2025 (ended December 31, 2025) also saw increased operating expenses of $10.2 million, a 6.7% increase year-over-year, and cash used by operations of $10.3 million. While fiscal Q4 2025 reported an income from continuing operations of $8.0 million ($0.48 per share), this was primarily due to a one-time $15.5 million gain from a patent assignment, not core operational profitability.
2. Continued Decline in Legacy Business Offsetting New Growth: The company experienced a continued decline in its zForce legacy business, particularly within the printer and automotive infotainment segments due to subdued demand. Although Neonode reported a 19.7% increase in revenues from continuing operations to $0.6 million in fiscal Q1 2026, driven by new licensing revenue from its MultiSensing platform, this growth was largely offset by the ongoing weakness in its traditional segments. Fiscal year 2025 revenues from continuing operations had previously decreased by 33.7% compared to 2024, mainly due to lower demand for legacy customers' products.
Show more
Neonode (NEON) stock has lost about 55% since 2/28/2026 because of the following key factors:
1. Persistent Operating Losses and Increased Cash Burn: Neonode continued to report operating losses and increased cash usage during the period. For fiscal Q1 2026 (ended March 31, 2026), the company reported a loss from continuing operations of $1.9 million, equating to $0.11 per share. This reflected an increase in cash used by operations to $2.1 million, compared to $1.4 million in the same period of the prior year. The company's fiscal Q4 2025 (ended December 31, 2025) also saw increased operating expenses of $10.2 million, a 6.7% increase year-over-year, and cash used by operations of $10.3 million. While fiscal Q4 2025 reported an income from continuing operations of $8.0 million ($0.48 per share), this was primarily due to a one-time $15.5 million gain from a patent assignment, not core operational profitability.
2. Continued Decline in Legacy Business Offsetting New Growth: The company experienced a continued decline in its zForce legacy business, particularly within the printer and automotive infotainment segments due to subdued demand. Although Neonode reported a 19.7% increase in revenues from continuing operations to $0.6 million in fiscal Q1 2026, driven by new licensing revenue from its MultiSensing platform, this growth was largely offset by the ongoing weakness in its traditional segments. Fiscal year 2025 revenues from continuing operations had previously decreased by 33.7% compared to 2024, mainly due to lower demand for legacy customers' products.
3. Earnings Miss and Negative Analyst Sentiment: Neonode's fiscal Q1 2026 earnings per share (EPS) of -$0.11 missed analysts' expectations of -$0.10 by 10.00%. Following this announcement, the stock experienced a slight decline of 1.1%, indicating investor disappointment. Analysts have a "Reduce" consensus rating for Neonode, based on one hold and one sell rating. The average twelve-month stock price forecast from these analysts is $6.00, which, while representing a potential upside from the current trading price (around $0.86-$0.92 as of June 26, 2026), reflects an overall cautious outlook from the investment community.
Show less
Stock Movement Drivers
Fundamental Drivers
The -54.9% change in NEON stock from 2/28/2026 to 6/28/2026 was primarily driven by a -51.6% change in the company's P/E Multiple.| (LTM values as of) | 2282026 | 6282026 | Change |
|---|---|---|---|
| Stock Price ($) | 1.82 | 0.82 | -54.9% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 2 | 2 | -1.5% |
| Net Income Margin (%) | 408.9% | 386.6% | -5.4% |
| P/E Multiple | 3.4 | 1.6 | -51.6% |
| Shares Outstanding (Mil) | 17 | 17 | 0.0% |
| Cumulative Contribution | -54.9% |
Market Drivers
2/28/2026 to 6/28/2026| Return | Correlation | |
|---|---|---|
| NEON | -54.9% | |
| Market (SPY) | 6.6% | 40.3% |
| Sector (XLK) | 30.7% | 25.6% |
Fundamental Drivers
The -63.2% change in NEON stock from 11/30/2025 to 6/28/2026 was primarily driven by a -60.5% change in the company's P/E Multiple.| (LTM values as of) | 11302025 | 6282026 | Change |
|---|---|---|---|
| Stock Price ($) | 2.23 | 0.82 | -63.2% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 2 | 2 | -1.5% |
| Net Income Margin (%) | 408.9% | 386.6% | -5.4% |
| P/E Multiple | 4.2 | 1.6 | -60.5% |
| Shares Outstanding (Mil) | 17 | 17 | 0.0% |
| Cumulative Contribution | -63.2% |
Market Drivers
11/30/2025 to 6/28/2026| Return | Correlation | |
|---|---|---|
| NEON | -63.2% | |
| Market (SPY) | 7.3% | 41.9% |
| Sector (XLK) | 26.9% | 28.8% |
Fundamental Drivers
The -92.0% change in NEON stock from 5/31/2025 to 6/28/2026 was primarily driven by a -89.6% change in the company's P/S Multiple.| (LTM values as of) | 5312025 | 6282026 | Change |
|---|---|---|---|
| Stock Price ($) | 10.22 | 0.82 | -92.0% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 3 | 2 | -22.9% |
| P/S Multiple | 61.1 | 6.4 | -89.6% |
| Shares Outstanding (Mil) | 17 | 17 | 0.0% |
| Cumulative Contribution | -92.0% |
Market Drivers
5/31/2025 to 6/28/2026| Return | Correlation | |
|---|---|---|
| NEON | -92.0% | |
| Market (SPY) | 25.1% | 10.6% |
| Sector (XLK) | 57.8% | 9.2% |
Fundamental Drivers
The -89.9% change in NEON stock from 5/31/2023 to 6/28/2026 was primarily driven by a -71.1% change in the company's P/S Multiple.| (LTM values as of) | 5312023 | 6282026 | Change |
|---|---|---|---|
| Stock Price ($) | 8.12 | 0.82 | -89.9% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 6 | 2 | -61.4% |
| P/S Multiple | 22.0 | 6.4 | -71.1% |
| Shares Outstanding (Mil) | 15 | 17 | -9.4% |
| Cumulative Contribution | -89.9% |
Market Drivers
5/31/2023 to 6/28/2026| Return | Correlation | |
|---|---|---|
| NEON | -89.9% | |
| Market (SPY) | 81.3% | 13.8% |
| Sector (XLK) | 125.1% | 12.1% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| NEON Return | 31% | -38% | -58% | 259% | -79% | -47% | -86% |
| Peers Return | 50% | -21% | 11% | -22% | 5% | 35% | 47% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 7% | 96% |
Monthly Win Rates [3] | |||||||
| NEON Win Rate | 42% | 50% | 33% | 58% | 42% | 67% | |
| Peers Win Rate | 55% | 37% | 52% | 33% | 48% | 50% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| NEON Max Drawdown | -52% | -63% | -91% | -51% | -94% | -54% | |
| Peers Max Drawdown | -22% | -42% | -35% | -35% | -37% | -27% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: SYNA, VC, APTV, MCHP, CTS.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 6/26/2026 (YTD)
How Low Can It Go
| Event | NEON | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -24.7% | -18.8% |
| % Gain to Breakeven | 32.8% | 23.1% |
| Time to Breakeven | 15 days | 79 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -74.7% | -9.5% |
| % Gain to Breakeven | 294.5% | 10.5% |
| Time to Breakeven | 296 days | 24 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -48.8% | -6.7% |
| % Gain to Breakeven | 95.4% | 7.1% |
| Time to Breakeven | 434 days | 31 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -62.3% | -24.5% |
| % Gain to Breakeven | 165.2% | 32.4% |
| Time to Breakeven | 135 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -46.2% | -33.7% |
| % Gain to Breakeven | 86.0% | 50.9% |
| Time to Breakeven | 21 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -50.8% | -19.2% |
| % Gain to Breakeven | 103.3% | 23.8% |
| Time to Breakeven | 73 days | 105 days |
In The Past
Neonode's stock fell -24.7% during the 2025 US Tariff Shock. Such a loss loss requires a 32.8% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
| Event | NEON | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -24.7% | -18.8% |
| % Gain to Breakeven | 32.8% | 23.1% |
| Time to Breakeven | 15 days | 79 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -74.7% | -9.5% |
| % Gain to Breakeven | 294.5% | 10.5% |
| Time to Breakeven | 296 days | 24 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -48.8% | -6.7% |
| % Gain to Breakeven | 95.4% | 7.1% |
| Time to Breakeven | 434 days | 31 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -62.3% | -24.5% |
| % Gain to Breakeven | 165.2% | 32.4% |
| Time to Breakeven | 135 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -46.2% | -33.7% |
| % Gain to Breakeven | 86.0% | 50.9% |
| Time to Breakeven | 21 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -50.8% | -19.2% |
| % Gain to Breakeven | 103.3% | 23.8% |
| Time to Breakeven | 73 days | 105 days |
| 2014-2016 Oil Price Collapse | ||
| % Loss | -41.3% | -6.8% |
| % Gain to Breakeven | 70.2% | 7.3% |
| Time to Breakeven | 77 days | 15 days |
In The Past
Neonode's stock fell -24.7% during the 2025 US Tariff Shock. Such a loss loss requires a 32.8% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Neonode (NEON)
Neonode Inc. specializes in advanced optical sensing technology and machine learning-driven software solutions. The company develops innovative optical sensing solutions for applications like contactless touch, traditional touch, and gesture control, enabling intuitive human-machine interaction. Complementing this, Neonode also offers sophisticated software that uses artificial intelligence to analyze video streams, detecting and tracking people and objects in real-time.
The company primarily monetizes its technology through various channels. It licenses its core optical sensing and scene analysis software to Original Equipment Manufacturers (OEMs) and Tier 1 suppliers. Additionally, Neonode provides embedded sensor modules directly to OEMs, Original Design Manufacturers (ODMs), and systems integrators for integration into their products. They also offer engineering consulting services and sell their own Neonode branded sensor products, such as the AirBar, through a network of distributors.
Neonode's versatile technology finds application across a diverse range of industries. Its solutions are utilized in critical sectors including office equipment, automotive, industrial automation, medical devices, military applications, and avionics. This broad market reach reflects the adaptability and utility of their sensing and analysis platforms for various professional and industrial environments.
AI Analysis | Feedback
Here are 1-3 brief analogies for Neonode (NEON):
- Like a specialized Qualcomm for optical sensing and gesture control technology, licensing its solutions to device manufacturers.
- The Dolby Labs for touchless interaction, licensing its proprietary sensing technology to a range of industries.
AI Analysis | Feedback
- Optical Sensing Solutions: Technologies developed for contactless touch, touch, and gesture sensing.
- Scene Analysis Software: Software solutions using advanced machine learning algorithms to detect and track persons and objects in video streams.
- Technology Licensing: The company licenses its optical sensing and scene analysis technologies to OEMs and Tier 1 suppliers.
- Embedded Sensor Modules: Hardware sensor modules provided to original equipment manufacturers and system integrators.
- Engineering Consulting Services: Specialized consulting services offered in areas of optical sensing and scene analysis technology.
- Neonode Branded Sensor Products: Sales of Neonode's own branded sensor products, including AirBar, through distributors.
AI Analysis | Feedback
Neonode (NEON) primarily sells its technology, software, and products to other companies rather than directly to individuals. The provided background information does not explicitly name specific major customer companies or their public symbols.
However, the description indicates that Neonode's customers include:
- Original Equipment Manufacturers (OEMs)
- Tier 1 suppliers
- Original Design Manufacturers (ODMs)
- Systems Integrators
- Distributors (for Neonode branded sensor products like AirBar)
These customers operate in various markets, which include:
- Office equipment
- Automotive
- Industrial automation
- Medical
- Military
- Avionics
AI Analysis | Feedback
AI Analysis | Feedback
Daniel Alexus
President and Chief Executive Officer
Prior to joining Neonode as President and CEO, effective March 31, 2025, Mr. Alexus served as Executive, Global Head of Innovation and Founder of Ericsson ONE since 2018, an innovation accelerator within Telefonaktiebolaget LM Ericsson (publ) ("Ericsson"). He also held several other senior roles at Ericsson, where he began in 2010. Mr. Alexus holds a Master of Science in Engineering & Management from KTH Royal Institute of Technology in Stockholm, Sweden.
Fredrik Nihlén
Chief Financial Officer
Mr. Nihlén joined Neonode as Chief Financial Officer in August 2021. He also served as Interim President & CEO from April 10, 2024, to March 31, 2025. Before Neonode, he was the Finance Director for IFS Nordics at IFS Sverige AB since 2019. From 2018 to 2019, he held the position of Group Chief Financial Officer at Cinnober Financial Technology AB. Prior to that, Mr. Nihlén was with DIBS Payment Services, where he was Head of Finance from 2016 to 2018 and Business Controller from 2013 to 2016. He has an M.Sc. in Business Studies and Economics from Växjö University, Sweden.
Kent Pålsson
Executive Vice President Product & Engineering
Mr. Pålsson joined Neonode in 2023 as Engineering Manager for the zForce platform and has been responsible for the complete Engineering team since 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. Most recently, he served as VP OEM products at Stoneridge Electronics.
Marec Gasiun
Executive Vice President of Sales & Marketing
Mr. Gasiun joined Neonode in 2026. He possesses an extensive background in global commercial leadership across the automotive, technology, and telecommunications sectors. His most recent role was Vice President of Business Development at SeeReal Technologies. Previously, Mr. Gasiun served as Vice President of Global Technology Partnerships at Telia Company and Head of Business Development for Google's automotive software business. He holds a B.Sc. in Economics from the Lund University School of Economics and Management in Sweden.
AI Analysis | Feedback
-
Declining Legacy Revenue and Cash Burn: Neonode has experienced a significant and ongoing decline in revenue from its traditional products, particularly its zForce® technology in printer and car touch applications. For example, in Q3 2025, revenue from continuing operations decreased by 48.7% year-over-year, and for the nine months ended September 30, 2025, total revenue declined by 37.1% compared to the same period in 2024. This structural decline in the legacy business has led to consistent operating losses and a high cash burn rate. Although a strategic patent sale provided a temporary cash boost in Q4 2025, it does not address the underlying issue of shrinking core revenues, and the company's long-term growth is dependent on securing new profitable licensing deals and revenue streams.
-
High Customer Concentration: A substantial portion of Neonode's revenues comes from a limited number of customers. In 2024, four customers represented approximately 80.2% of the company's consolidated net revenues and 80.9% of consolidated accounts receivable. This high customer concentration poses a significant risk, as the loss or substantial reduction in business from one or more of these major customers could materially and adversely affect Neonode's financial results and overall business.
-
Reliance on Intellectual Property Monetization and Litigation Outcomes: A considerable part of Neonode's financial potential and investor interest is linked to its intellectual property monetization efforts and the outcomes of patent litigation. The company has been involved in high-stakes patent lawsuits with major technology firms like Samsung and Apple. While a patent settlement with Samsung in September 2025 provided an anticipated $15 million to $20 million in net proceeds, these legal battles are inherently speculative and carry significant financial and execution risks. The unpredictable nature of litigation and the reliance on such windfalls, rather than consistent operating revenue, introduce considerable uncertainty to Neonode's financial stability and valuation.
AI Analysis | Feedback
The rapid advancement and commoditization of AI and machine learning-based computer vision technologies pose an emerging threat to Neonode's software solutions for scene analysis. As larger technology companies, chip manufacturers, and open-source initiatives continue to develop and integrate increasingly sophisticated and cost-effective algorithms for detecting and tracking persons and objects in video streams, Neonode's proprietary solutions in this area may face diminished competitive advantage and reduced licensing value among original equipment manufacturers and Tier 1 suppliers.
AI Analysis | Feedback
Neonode Inc. (NEON) operates in several addressable markets with substantial projected growth:
- Gesture Recognition Market: The global gesture recognition market, which includes both touch-based and touchless gesture recognition technologies, was valued at approximately USD 29.9 billion in 2025. It is projected to grow to USD 251.5 billion by 2035, at a compound annual growth rate (CAGR) of 23.8% from 2026 to 2035. In the United States, the gesture recognition market was valued at USD 7.8 billion in 2025.
- Optical Sensing Market: The global optical sensing market, which underpins many of Neonode's solutions, was valued at USD 31.7 billion in 2025. This market is projected to reach USD 98.4 billion by 2035, growing at a CAGR of 12% during the period of 2026-2035.
- Computer Vision Market: The global computer vision market, relevant to Neonode's software solutions for scene analysis using machine learning algorithms, was valued at USD 20.75 billion in 2025. This market is projected to grow to USD 72.80 billion by 2034, exhibiting a CAGR of 14.80% during the forecast period.
- Driver Monitoring Systems (DMS) Market: A specific application area for Neonode's MultiSensing platform, the global Driver Monitoring Systems (DMS) market is projected to grow from USD 1.75 billion in 2024 to USD 1.9 billion in 2025, representing an 8.6% CAGR.
AI Analysis | Feedback
Neonode Inc. (NEON) is focusing on several key drivers to fuel its revenue growth over the next 2-3 years, primarily through a sharpened strategy centered on its licensing business and advanced sensing platforms.
-
Expansion of MultiSensing® Platform Licensing in Automotive: Neonode is prioritizing the licensing of its advanced MultiSensing® AI computer vision platform, particularly within the automotive market. This includes developing strategic partnerships for driver and in-cabin monitoring solutions. A significant business win with a leading commercial vehicle manufacturer to supply driver and in-cabin monitoring software has accelerated this strategic shift and demonstrates the platform's competitiveness.
-
Diversification of MultiSensing® into New Verticals: Beyond the automotive sector, Neonode aims to explore and expand the application of its MultiSensing® technology into new verticals. The company is actively working to identify additional application areas where MultiSensing can deliver meaningful value by solving real-world customer challenges and scale quickly.
-
Continued Licensing of zForce® Optical Sensing Technology: While the company is phasing out its Touch Sensor Module (TSM) product business, it will continue to focus on licensing its proven optical sensing technology, zForce®. This includes the TSM technology, which supports touch, gesture sensing, and object detection features, allowing strategic partners to create bespoke products and solutions.
-
Strategic Focus on Licensing Business Model: Neonode has adopted a sharpened strategy with a full focus on its licensing business, shifting resources and efforts from product sales to licensing. Management views this as the area with the largest potential for future growth and profitability, leveraging Neonode's historical success in licensing technology.
AI Analysis | Feedback
Share Repurchases
- Neonode Inc. spent $0 on share buybacks in Q4 2022.
Share Issuance
- The company raised $7.9 million in 2023 through the issuance of common stock under its At The Market (ATM) offering programs.
- Neonode raised $5.8 million in 2024 through the issuance of common stock under its At The Market (ATM) offering programs.
- For the nine months ended September 30, 2025, the company issued shares for cash, net of offering costs, totaling $1.424 million.
Inbound Investments
- In October 2025, Neonode Inc. received a net gain of $15.5 million from a patent assignment to Aequitas Technologies LLC, which significantly boosted its liquidity.
Capital Expenditures
- Neonode Inc. invested $75,000 in capital expenditures during Q3 2025, allocated to funding long-term assets and infrastructure.
- Over the last 12 months, capital expenditures were approximately $90,000.
Latest Trefis Analyses
| Title | Date | |
|---|---|---|
| DASHBOARDS | ||
| Can Neonode Stock Recover If Markets Fall? | 10/17/2025 |
| Title | |
|---|---|
| ARTICLES |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 76.47 |
| Mkt Cap | 3.7 |
| Rev LTM | 2,480 |
| Op Inc LTM | 194 |
| FCF LTM | 154 |
| FCF 3Y Avg | 161 |
| CFO LTM | 242 |
| CFO 3Y Avg | 264 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 6.1% |
| Rev Chg 3Y Avg | -3.8% |
| Rev Chg Q | 10.5% |
| QoQ Delta Rev Chg LTM | 2.4% |
| Op Inc Chg LTM | 6.5% |
| Op Inc Chg 3Y Avg | 6.3% |
| Op Mgn LTM | 10.4% |
| Op Mgn 3Y Avg | 8.9% |
| QoQ Delta Op Mgn LTM | -0.1% |
| CFO/Rev LTM | 10.5% |
| CFO/Rev 3Y Avg | 12.6% |
| FCF/Rev LTM | 6.9% |
| FCF/Rev 3Y Avg | 6.6% |
Price Behavior
| Market Price | $0.82 | |
| Market Cap ($ Bil) | 0.0 | |
| First Trading Date | 03/03/1992 | |
| Distance from 52W High | -97.2% | |
| 50 Days | 200 Days | |
| DMA Price | $1.52 | $2.12 |
| DMA Trend | down | down |
| Distance from DMA | -46.0% | -61.4% |
| 3M | 1YR | |
| Volatility | 93.1% | 105.3% |
| Downside Capture | 298.11 | 359.29 |
| Upside Capture | -0.39 | -121.16 |
| Correlation (SPY) | 35.0% | 17.8% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 3.24 | 2.36 | 2.51 | 2.49 | 0.98 | 1.04 |
| Up Beta | 5.19 | 2.50 | 2.99 | 2.70 | 1.92 | 0.75 |
| Down Beta | 4.24 | 4.01 | 2.72 | 1.98 | 0.18 | 1.09 |
| Up Capture | 159% | 175% | 177% | 235% | -29% | 39% |
| Bmk +ve Days | 13 | 28 | 36 | 67 | 141 | 432 |
| Stock +ve Days | 8 | 20 | 24 | 49 | 104 | 326 |
| Down Capture | 323% | 257% | 251% | 240% | 165% | 110% |
| Bmk -ve Days | 7 | 13 | 27 | 57 | 109 | 318 |
| Stock -ve Days | 11 | 18 | 33 | 64 | 132 | 396 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with NEON | |
|---|---|---|---|---|
| NEON | -96.6% | 106.2% | -2.42 | - |
| Sector ETF (XLK) | 46.1% | 23.5% | 1.55 | 15.0% |
| Equity (SPY) | 21.2% | 12.4% | 1.26 | 19.0% |
| Gold (GLD) | 21.8% | 27.7% | 0.70 | 11.0% |
| Commodities (DBC) | 21.8% | 18.6% | 0.92 | -3.6% |
| Real Estate (VNQ) | 16.1% | 13.6% | 0.85 | 9.7% |
| Bitcoin (BTCUSD) | -44.2% | 42.5% | -1.25 | 15.9% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with NEON | |
|---|---|---|---|---|
| NEON | -34.1% | 108.6% | 0.15 | - |
| Sector ETF (XLK) | 21.5% | 25.3% | 0.75 | 16.5% |
| Equity (SPY) | 13.4% | 17.1% | 0.61 | 18.2% |
| Gold (GLD) | 17.8% | 18.3% | 0.79 | 6.0% |
| Commodities (DBC) | 7.4% | 19.5% | 0.28 | 2.0% |
| Real Estate (VNQ) | 3.4% | 18.9% | 0.08 | 13.6% |
| Bitcoin (BTCUSD) | 10.9% | 54.0% | 0.39 | 13.2% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with NEON | |
|---|---|---|---|---|
| NEON | -26.4% | 99.3% | 0.16 | - |
| Sector ETF (XLK) | 25.0% | 24.7% | 0.91 | 17.1% |
| Equity (SPY) | 15.2% | 18.0% | 0.72 | 18.5% |
| Gold (GLD) | 11.8% | 16.1% | 0.60 | 4.4% |
| Commodities (DBC) | 5.9% | 18.0% | 0.26 | 5.8% |
| Real Estate (VNQ) | 5.6% | 20.7% | 0.23 | 13.3% |
| Bitcoin (BTCUSD) | 54.7% | 66.4% | 0.95 | 10.8% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Updated 6/17/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 5/13/2026 | -4.1% | -8.2% | -29.8% |
| 3/18/2026 | -9.2% | -14.1% | -4.3% |
| 11/6/2025 | -17.1% | -19.2% | -18.9% |
| 8/13/2025 | -1.0% | -3.0% | -81.2% |
| 5/14/2025 | -1.2% | -7.6% | -9.3% |
| 3/21/2025 | -1.2% | 6.2% | 5.2% |
| 11/6/2024 | -2.6% | -8.1% | 7.3% |
| 8/8/2024 | 1.6% | 0.0% | 162.7% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 8 | 8 | 13 |
| # Negative | 16 | 16 | 11 |
| Median Positive | 1.8% | 6.2% | 14.2% |
| Median Negative | -5.0% | -8.2% | -17.6% |
| Max Positive | 6.0% | 14.0% | 162.7% |
| Max Negative | -17.1% | -19.2% | -81.2% |
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 5/13/2026 | -4.1% | -8.2% | -29.8% |
| 3/18/2026 | -9.2% | -14.1% | -4.3% |
| 11/6/2025 | -17.1% | -19.2% | -18.9% |
| 8/13/2025 | -1.0% | -3.0% | -81.2% |
| 5/14/2025 | -1.2% | -7.6% | -9.3% |
| 3/21/2025 | -1.2% | 6.2% | 5.2% |
| 11/6/2024 | -2.6% | -8.1% | 7.3% |
| 8/8/2024 | 1.6% | 0.0% | 162.7% |
| 5/8/2024 | 0.0% | -2.5% | 7.0% |
| 2/28/2024 | -6.1% | -18.8% | -17.6% |
| 11/9/2023 | -7.6% | -9.9% | 16.8% |
| 8/10/2023 | -5.3% | -5.3% | -18.8% |
| 5/11/2023 | 1.3% | 6.2% | 14.2% |
| 3/9/2023 | 0.3% | -6.1% | -1.0% |
| 11/10/2022 | 5.7% | 11.2% | 42.7% |
| 8/11/2022 | -6.9% | -12.6% | -13.3% |
| 5/11/2022 | 2.0% | 4.6% | 58.0% |
| 3/10/2022 | -4.7% | -2.1% | 32.8% |
| 11/10/2021 | 2.5% | 6.4% | 7.5% |
| 8/11/2021 | -7.9% | -9.5% | 14.2% |
| 5/12/2021 | -11.1% | -15.9% | -20.5% |
| 3/10/2021 | 6.0% | 3.9% | 20.4% |
| 11/10/2020 | -4.6% | -5.5% | -8.7% |
| 8/14/2020 | -1.1% | 14.0% | 4.1% |
| SUMMARY STATS | |||
| # Positive | 8 | 8 | 13 |
| # Negative | 16 | 16 | 11 |
| Median Positive | 1.8% | 6.2% | 14.2% |
| Median Negative | -5.0% | -8.2% | -17.6% |
| Max Positive | 6.0% | 14.0% | 162.7% |
| Max Negative | -17.1% | -19.2% | -81.2% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 03/31/2026 | 05/13/2026 | 10-Q |
| 12/31/2025 | 03/18/2026 | 10-K |
| 09/30/2025 | 11/06/2025 | 10-Q |
| 06/30/2025 | 08/13/2025 | 10-Q |
| 03/31/2025 | 05/14/2025 | 10-Q |
| 12/31/2024 | 03/21/2025 | 10-K |
| 09/30/2024 | 11/06/2024 | 10-Q |
| 06/30/2024 | 08/08/2024 | 10-Q |
| 03/31/2024 | 05/08/2024 | 10-Q |
| 12/31/2023 | 02/28/2024 | 10-K |
| 09/30/2023 | 11/09/2023 | 10-Q |
| 06/30/2023 | 08/10/2023 | 10-Q |
| 03/31/2023 | 05/11/2023 | 10-Q |
| 12/31/2022 | 03/09/2023 | 10-K |
| 09/30/2022 | 11/10/2022 | 10-Q |
| 06/30/2022 | 08/11/2022 | 10-Q |
| Report Date | Filing Date | Filing |
|---|---|---|
| 03/31/2026 | 05/13/2026 | 10-Q |
| 12/31/2025 | 03/18/2026 | 10-K |
| 09/30/2025 | 11/06/2025 | 10-Q |
| 06/30/2025 | 08/13/2025 | 10-Q |
| 03/31/2025 | 05/14/2025 | 10-Q |
| 12/31/2024 | 03/21/2025 | 10-K |
| 09/30/2024 | 11/06/2024 | 10-Q |
| 06/30/2024 | 08/08/2024 | 10-Q |
| 03/31/2024 | 05/08/2024 | 10-Q |
| 12/31/2023 | 02/28/2024 | 10-K |
| 09/30/2023 | 11/09/2023 | 10-Q |
| 06/30/2023 | 08/10/2023 | 10-Q |
| 03/31/2023 | 05/11/2023 | 10-Q |
| 12/31/2022 | 03/09/2023 | 10-K |
| 09/30/2022 | 11/10/2022 | 10-Q |
| 06/30/2022 | 08/11/2022 | 10-Q |
| 03/31/2022 | 05/11/2022 | 10-Q |
| 12/31/2021 | 03/10/2022 | 10-K |
| 09/30/2021 | 11/10/2021 | 10-Q |
| 06/30/2021 | 08/11/2021 | 10-Q |
| 03/31/2021 | 05/12/2021 | 10-Q |
| 12/31/2020 | 03/10/2021 | 10-K |
| 09/30/2020 | 11/10/2020 | 10-Q |
| 06/30/2020 | 08/14/2020 | 10-Q |
| 03/31/2020 | 05/13/2020 | 10-Q |
| 12/31/2019 | 03/11/2020 | 10-K |
| 09/30/2019 | 11/06/2019 | 10-Q |
| 06/30/2019 | 08/14/2019 | 10-Q |
Industry Resources
| Information Technology Resources |
| TechCrunch |
| Wired |
| CIO |
| MIT Technology Review |
| Gartner Insights |
| Ars Technica |
| Electronic Components Resources |
| Electronic Products |
| DigiKey Insights |
| Mouser Insights |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
Prefer one of these to Trefis? Tell us why.