NASDAQ : NEON

Neonode Inc. — Financial statements

Technology · Electronic Components · Sweden

Last price 0.6632 USD (Oct 30, 2026, 3:19 PM EDT) · Market cap 11.13M

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Financial statements

Neonode Inc. (NEON) reported revenue of 2.04M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.

Income statement

Fiscal year January - December; amounts in USD.

TTMFY2025FY2024FY2023FY2022FY2021
Revenue2.04M2.06M3.11M3.83M5.67M5.84M
Cost of Revenue24.00K26.00K116.00K12.00K804.00K955.00K
Gross Profit2.02M2.04M2.99M3.82M4.87M4.88M
Selling, General & Admin6.83M6.40M6.09M5.72M6.19M8.44M
Research & Development3.64M3.78M3.44M3.83M3.96M3.55M
Other Operating Expenses3.88M3.88M
Operating Expenses14.35M14.05M9.54M9.55M10.15M11.99M
Operating Income-12.34M-12.02M-6.55M-5.74M-5.29M-7.11M
Interest Expense-15.00K
Interest & Investment Income768.00K657.00K687.00K736.00K100.00K
Other Non Operating Income (Expenses)21.00K
EBT Excluding Unusual Items-11.57M-11.36M-5.86M-5.00M-5.17M-7.12M
Other Unusual Items19.39M19.39M
Pretax Income7.82M8.03M-5.86M-5.00M-5.17M-7.12M
Income Tax Expense3.00K-9.00K15.00K115.00K118.00K146.00K
Earnings From Continuing Operations7.82M8.04M-5.88M-5.12M-5.28M-7.27M
Earnings From Discontinued Operations301.00K456.00K-591.00K-5.01M
Net Income to Company8.12M8.49M-6.47M-10.12M-5.28M-7.27M
Minority Interest in Earnings400.00K818.00K
Net Income8.12M8.49M-6.47M-10.12M-4.88M-6.45M
Net Income to Common8.12M8.49M-6.47M-10.12M-4.88M-6.45M
Shares Outstanding (Basic)16.78M16.78M15.87M15.32M13.63M11.91M
Shares Outstanding (Diluted)16.78M16.78M15.87M15.32M13.63M11.91M
EPS (Basic)0.480.51-0.41-0.66-0.36-0.54
EPS (Diluted)0.480.51-0.41-0.66-0.36-0.54
Free Cash Flow-11.24M-10.35M-5.63M-6.43M-6.86M-7.75M
Free Cash Flow Per Share-0.67-0.62-0.35-0.42-0.50-0.65
Gross Margin98.82%98.74%96.27%99.69%85.82%83.64%
Operating Margin-604.36%-582.83%-210.65%-149.83%-93.23%-121.78%
Profit Margin397.84%411.88%-208.04%-264.38%-86.12%-110.52%
Free Cash Flow Margin-550.51%-501.70%-181.11%-167.96%-120.99%-132.71%
EBITDA-12.28M-11.97M-6.51M-5.64M-5.17M-6.47M
EBITDA Margin-209.40%-147.35%-91.11%-110.95%
D&A For EBITDA60.00K50.00K39.00K95.00K120.00K632.00K
EBIT-12.34M-12.02M-6.55M-5.74M-5.29M-7.11M
EBIT Margin-210.65%-149.83%-93.23%-121.78%
Revenue as Reported2.04M2.06M3.11M3.83M5.67M5.84M
Advertising Expenses158.00K208.00K

Balance sheet

Fiscal year January - December; amounts in USD.

TTMFY2025FY2024FY2023FY2022FY2021
Cash & Equivalents21.32M25.36M16.43M16.16M14.82M17.38M
Cash & Short-Term Investments21.32M25.36M16.43M16.16M14.82M17.38M
Accounts Receivable425.00K391.00K783.00K652.00K1.45M1.29M
Other Receivables218.00K172.00K410.00K297.00K345.00K
Receivables425.00K609.00K955.00K1.06M1.75M1.64M
Inventory3.83M2.52M
Prepaid Expenses601.00K96.00K93.00K194.00K231.00K195.00K
Other Current Assets30.00K222.00K210.00K1.21M179.00K296.00K
Total Current Assets22.38M26.29M17.68M18.62M20.80M22.03M
Property, Plant & Equipment1.26M600.00K696.00K110.00K400.00K960.00K
Other Long-Term Assets284.00K
Total Assets23.63M26.89M18.38M19.01M21.20M22.99M
Accounts Payable247.00K464.00K229.00K400.00K334.00K776.00K
Accrued Expenses1.52M1.32M1.16M1.02M1.10M1.37M
Current Portion of Leases237.00K356.00K227.00K8.00K178.00K683.00K
Current Unearned Revenue60.00K37.00K2.00K36.00K106.00K
Other Current Liabilities398.00K49.00K36.00K
Total Current Liabilities2.06M2.18M1.62M1.83M1.70M2.97M
Long-Term Leases813.00K15.00K319.00K2.00K81.00K182.00K
Other Long-Term Liabilities17.00K
Total Liabilities2.87M2.20M1.94M1.85M1.78M3.15M
Common Stock17.00K17.00K17.00K15.00K14.00K14.00K
Additional Paid-In Capital240.96M240.96M240.96M235.16M227.24M226.88M
Retained Earnings-219.56M-215.59M-224.08M-217.61M-207.49M-202.61M
Comprehensive Income & Other-651.00K-696.00K-450.00K-396.00K-340.00K-408.00K
Total Common Equity20.76M24.69M16.44M17.16M19.42M23.88M
Minority Interest-4.04M
Shareholders' Equity20.76M24.69M16.44M17.16M19.42M19.84M
Total Liabilities & Equity23.63M26.89M18.38M19.01M21.20M22.99M
Total Debt1.05M371.00K546.00K10.00K259.00K865.00K
Net Cash (Debt)20.27M24.99M15.88M16.14M14.56M16.52M
Net Cash Per Share1.211.491.001.051.071.39
Filing Date Shares Outstanding16.78M16.78M16.78M15.36M15.36M13.58M
Total Common Shares Outstanding16.78M16.78M16.78M15.36M14.46M13.58M
Working Capital20.32M24.10M16.07M16.79M19.10M19.06M
Book Value Per Share1.241.470.981.121.341.76
Tangible Book Value20.76M24.69M16.44M17.16M19.42M23.88M
Tangible Book Value Per Share1.241.470.981.121.341.76
Machinery415.00K298.00K419.00K1.35M1.48M

Cash flow statement

Fiscal year January - December; amounts in USD.

TTMFY2025FY2024FY2023FY2022FY2021
Net Income8.12M8.49M-6.47M-10.12M-4.88M-6.45M
Depreciation & Amortization375.00K336.00K66.00K160.00K519.00K1.14M
Loss (Gain) From Sale of Assets2.00K2.00K18.00K
Stock-Based Compensation3.00K58.00K122.00K157.00K
Provision & Write-off of Bad Debts-39.00K-140.00K172.00K-46.00K
Other Operating Activities-19.39M-19.39M357.00K3.57M-400.00K-818.00K
Change in Accounts Receivable231.00K494.00K-51.00K539.00K-136.00K434.00K
Change in Inventory223.00K-395.00K-1.13M-1.44M
Change in Accounts Payable-26.00K157.00K-213.00K173.00K-460.00K-406.00K
Change in Unearned Revenue-3.00K37.00K-10.00K-26.00K-65.00K-28.00K
Change in Other Net Operating Assets-417.00K-244.00K238.00K-266.00K-326.00K-264.00K
Operating Cash Flow-11.15M-10.25M-5.59M-6.31M-6.81M-7.68M
Capital Expenditures-90.00K-91.00K-37.00K-123.00K-52.00K-67.00K
Sale of Property, Plant & Equipment189.00K
Sale (Purchase) of Intangibles19.39M19.39M
Investing Cash Flow19.30M19.30M152.00K-123.00K-52.00K-67.00K
Long-Term Debt Repaid-11.00K-17.00K-89.00K-165.00K-487.00K
Total Debt Repaid-12.00K-11.00K-17.00K-89.00K-165.00K-487.00K
Net Debt Issued (Repaid)-12.00K-11.00K-17.00K-89.00K-165.00K-487.00K
Issuance of Common Stock5.80M7.87M4.69M15.06M
Repurchase of Common Stock-12.00K
Financing Cash Flow-12.00K-11.00K5.78M7.78M4.51M14.57M
Foreign Exchange Rate Adjustments-59.00K-102.00K-67.00K-7.00K-216.00K80.00K
Net Cash Flow8.08M8.93M272.00K1.34M-2.57M6.91M
Free Cash Flow-11.24M-10.35M-5.63M-6.43M-6.86M-7.75M
Free Cash Flow Margin-550.51%-501.70%-181.11%-167.96%-120.99%-132.71%
Free Cash Flow Per Share-0.67-0.62-0.35-0.42-0.50-0.65
Levered Free Cash Flow11.98M12.89M-3.28M329.38K-4.82M-4.34M
Unlevered Free Cash Flow11.98M12.89M-3.28M329.38K-4.82M-4.33M
Cash Interest Paid1.00K9.00K9.00K15.00K
Cash Income Tax Paid-9.00K15.00K115.00K132.00K146.00K
Change in Working Capital-215.00K444.00K187.00K25.00K-2.12M-1.70M

Ratios

Fiscal year January - December; amounts in USD.

TTMFY2025FY2024FY2023FY2022FY2021
Market Capitalization11.09M29.20M138.12M35.17M74.64M120.02M
Enterprise Value-9.18M18.01M120.53M16.83M59.23M111.63M
Last Close Price0.661.748.232.295.508.85
PE Ratio1.373.44
Forward PE0.350.350.350.3545.86
PS Ratio5.4314.1644.449.1913.1620.57
PB Ratio0.531.188.402.053.846.05
P/TBV Ratio0.531.188.402.053.845.03
PEG Ratio0.040.040.040.041.83
EV/Sales Ratio8.7338.784.3910.4519.13
Debt / Equity Ratio0.050.010.030.000.010.04
Net Debt / Equity Ratio-0.98-1.01-0.97-0.94-0.75-0.83
Net Debt / EBITDA Ratio1.652.092.442.862.822.55
Net Debt / FCF Ratio1.802.422.822.512.122.13
Asset Turnover0.100.090.170.190.260.29
Inventory Turnover0.250.50
Quick Ratio10.5511.9110.739.409.756.40
Current Ratio10.8612.0510.9210.1612.247.41
Return on Equity (ROE)46.80%39.08%-34.97%-27.97%-26.92%-45.82%
Return on Assets (ROA)-39.85%-33.19%-21.88%-17.83%-14.95%-22.45%
Return on Capital Employed (ROCE)-57.20%-48.60%-39.10%-33.40%-27.10%-35.50%
Earnings Yield73.21%29.08%-4.68%-28.78%-6.54%-5.37%
FCF Yield-101.30%-35.43%-4.08%-18.28%-9.19%-6.45%
Buyback Yield / Dilution-1.19%-5.73%-3.60%-12.40%-14.49%-19.20%