NEON

MKT CAP:$27M

Neonode Inc.

Market Cap

$27M

Technology·Hardware, Equipment & Parts·🇸🇪 Sweden·NASDAQ

Technology·Hardware,·🇸🇪·NASDAQ

Stock Price

$1.64-$0.19 (-10.16%)

Apr 21, 2026

Company Details

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 s...

CEO

Fredrik Nihlen

IPO Date

Jan 9, 1989

Website

www.neonode.com

Key Metrics TTM

Revenue

$2M

-33.6% YoY

Net Income

-$7M

EPS (Diluted)

-$0.43

Free Cash Flow

-$10M

Revenue / Share

$0.14

Gross Margin

82.3%

Operating Margin

-1031.4%

Net Margin

-318.8%

FCF Margin

-433.1%

P/S

12.0x

P/E

—

Earnings Reports

Q1 2026

May 13, 2026

PENDING

FY 2025

Mar 18, 2026

$2M-33.7%EPS $0.51

Q4 2025

Mar 18, 2026

$520.0K-20.6%EPS -$0.12

Q2 2025

Aug 13, 2025

$599.0K-25.2%EPS -$0.11

Q1 2025

May 14, 2025

$513.0K-37.0%EPS -$0.10

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q3 20	$1M	$1M	-$2M
Q4 22	$2M	$1M	-$1M
Q1 23	$1M	$1M	-$2M
Q2 23	$1M	$1M	-$2M
Q3 23	$840.0K	$840.0K	-$1M
Q4 23	$993.0K	-$3M	-$6M
Q1 24	$814.0K	$797.0K	-$2M
Q2 24	$801.0K	$777.0K	-$2M
Q3 24	$838.0K	$815.0K	-$1M
Q4 24	$655.0K	$603.0K	-$2M
Q1 25	$513.0K	$504.0K	-$2M
Q2 25	$599.0K	$593.0K	-$2M
Q4 25	$520.0K	$182.0K	-$18M

Valuation

Quarter	P/S	P/E
Q3 20	—	—
Q4 22	—	—
Q1 23	—	—
Q2 23	21.3x	—
Q3 23	4.7x	—
Q4 23	8.1x	—
Q1 24	6.2x	—
Q2 24	9.5x	—
Q3 24	44.3x	—
Q4 24	46.2x	—
Q1 25	48.7x	—
Q2 25	164.3x	—
Q4 25	13.6x	—

Operating Cash Flow

Quarter	Operating CF	Free CF
Q3 20	-$2M	-$2M
Q4 22	-$1M	-$1M
Q1 23	-$2M	-$2M
Q2 23	-$617.0K	-$653.0K
Q3 23	-$2M	-$2M
Q4 23	-$2M	-$2M
Q1 24	-$2M	-$2M
Q2 24	-$1M	-$1M
Q3 24	-$1M	-$1M
Q4 24	-$1M	-$1M
Q1 25	-$1M	-$1M
Q2 25	-$2M	-$2M
Q4 25	-$6M	-$6M

Capital Expenditures

Quarter	CapEx
Q3 20	$10.0K
Q4 22	$2.0K
Q1 23	$0
Q2 23	$36.0K
Q3 23	$22.0K
Q4 23	$65.0K
Q1 24	$0
Q2 24	$37.0K
Q3 24	$0
Q4 24	$0
Q1 25	$40.0K
Q2 25	$25.0K
Q4 25	$1.0K

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q3 23	-43.8%	-35.3%
Q4 23	-46.9%	+127.2%
Q1 24	-35.0%	-4.4%
Q2 24	-33.3%	-8.4%
Q3 24	-0.2%	-1.6%
Q4 24	-34.0%	-66.7%
Q1 25	-37.0%	-8.2%
Q2 25	-25.2%	+4.6%
Q4 25	-37.9%	+788.4%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q3 20	$0	0.0%
Q4 22	$33.0K	1.8%
Q1 23	$18.0K	1.4%
Q2 23	$17.0K	1.4%
Q3 23	$13.0K	1.5%
Q4 23	$10.0K	1.0%
Q1 24	$2.0K	0.2%
Q2 24	$1.0K	0.1%
Q3 24	$0	0.0%
Q4 24	$0	0.0%
Q1 25	$0	0.0%
Q2 25	$0	0.0%
Q4 25	$0	0.0%

OpEx Breakdown

Quarter	R&D	G&A	S&M
Q3 20	$901.0K	$2M	$604.0K
Q4 22	$1M	$1M	$426.0K
Q1 23	$802.0K	$1M	$592.0K
Q2 23	$1M	$1M	$689.0K
Q3 23	$827.0K	$754.0K	$516.0K
Q4 23	$1M	$1M	$658.0K
Q1 24	$895.0K	$972.0K	$816.0K
Q2 24	$975.0K	$1M	$544.0K
Q3 24	$822.0K	$734.0K	$484.0K
Q4 24	$752.0K	$1M	$484.0K
Q1 25	$975.0K	$852.0K	$642.0K
Q2 25	$1M	$1M	$596.0K
Q4 25	$936.0K	$1M	$570.0K

Revenue Segments

Quarter	License and Service	Product
Q2 23	$1M	$84.0K

Revenue by Geography

Quarter	China	Country Germany	Country Japan	Country Other	South Korea	Switzerland	United States	Asia Pacific	Europe Middle East And Africa Member	North America
Q3 20	$154.0K	$130.0K	$395.0K	$36.0K	$240.0K	$54.0K	$486.0K	—	—	—
Q3 24	—	—	—	—	—	—	—	$552.0K	$123.0K	$163.0K

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$15M	$0	$15M
Q2 22	$12M	$0	$12M
Q3 22	$11M	$0	$11M
Q4 22	$15M	$0	$15M
Q1 23	$21M	$0	$21M
Q2 23	$20M	$0	$20M
Q3 23	$18M	$0	$18M
Q4 23	$16M	$0	$16M
Q1 24	$14M	$0	$14M
Q2 24	$13M	$0	$13M
Q3 24	$18M	$0	$18M
Q4 24	$16M	$0	$16M
Q1 25	$15M	$0	$15M
Q2 25	$13M	$0	$13M
Q3 25	$12M	$0	$12M
Q4 25	$25M	$0	$25M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q3 20	10M	—	—
Q4 22	14M	+36.4%	—
Q1 23	15M	+10.1%	—
Q2 23	15M	+1.0%	—
Q3 23	15M	0.0%	+51.6%
Q4 23	15M	+0.0%	+11.2%
Q1 24	15M	-0.0%	+1.0%
Q2 24	15M	0.0%	0.0%
Q3 24	16M	+4.0%	+4.0%
Q4 24	17M	+5.0%	+9.3%
Q1 25	17M	+0.0%	+9.3%
Q2 25	17M	0.0%	+9.3%
Q4 25	17M	0.0%	+5.0%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q3 20	$32.5K	46
Q4 22	$34.0K	55
Q1 23	$22.8K	55
Q2 23	$21.8K	55
Q3 23	$15.3K	55
Q4 23	$18.7K	53
Q1 24	$15.4K	53
Q2 24	$15.1K	53
Q3 24	$15.8K	53
Q4 24	$15.2K	43
Q1 25	$11.9K	43
Q2 25	$13.9K	43
Q4 25	$13.3K	39

Revenue / Employee