Neonode Inc. (NEON) fundamental analysis — strengths, weaknesses & financial health based on data analysis
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
Neonode Inc. (NEON) stock price & volume — 10-year historical chart
Neonode Inc. (NEON) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Neonode Inc. (NEON) competitors in Sensors, Controls and Smart Metering — business model, growth, and fundamentals comparison
Neonode Inc. (NEON) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Neonode Inc. (NEON) annual income statement — 10-year revenue, gross profit & net income history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Sales/Revenue | 10.24M | 8.54M | 6.65M | 5.98M | 5.84M | 5.67M | 3.83M | 3.11M | 2.06M |
| Revenue Growth % | 0.27% | -16.63% | -22.16% | -9.96% | -2.47% | -2.84% | -32.47% | -18.83% | -33.66% |
| Cost of Goods Sold | 2.34M | 921K | 683K | 1.08M | 955K | 804K | 12K | 116K | 26K |
| COGS % of Revenue | 22.88% | 10.79% | 10.28% | 18.01% | 16.36% | 14.18% | 0.31% | 3.73% | 1.26% |
| Gross Profit | 7.9M▲ 0% | 7.62M▼ 3.6% | 5.96M▼ 21.7% | 4.91M▼ 17.7% | 4.88M▼ 0.5% | 4.87M▼ 0.3% | 3.82M▼ 21.6% | 2.99M▼ 21.6% | 2.04M▼ 32.0% |
| Gross Margin % | 77.12% | 89.21% | 89.72% | 81.99% | 83.64% | 85.82% | 99.69% | 96.27% | 98.74% |
| Gross Profit Growth % | -11.01% | -3.56% | -21.71% | -17.73% | -0.51% | -0.31% | -21.56% | -21.61% | -31.95% |
| Operating Expenses | 13.37M | 11.49M | 11.69M | 11.1M | 11.99M | 10.15M | 9.55M | 9.54M | 10.18M |
| OpEx % of Revenue | 130.59% | 134.62% | 175.94% | 185.44% | 205.41% | 179.05% | 249.52% | 306.92% | 493.5% |
| Selling, General & Admin | 7.3M | 6.22M | 6.45M | 6.96M | 8.44M | 6.19M | 5.72M | 6.09M | 6.4M |
| SG&A % of Revenue | 71.24% | 72.8% | 97.11% | 116.28% | 144.65% | 109.15% | 149.41% | 196.11% | 310.23% |
| Research & Development | 6.08M | 5.28M | 5.24M | 4.14M | 3.55M | 3.96M | 3.83M | 3.44M | 3.78M |
| R&D % of Revenue | 59.35% | 61.82% | 78.83% | 69.17% | 60.76% | 69.89% | 100.1% | 110.81% | 183.27% |
| Other Operating Expenses | -24K | -3K | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Income | -5.48M▲ 0% | -3.88M▲ 29.2% | -5.73M▼ 47.8% | -6.19M▼ 8.0% | -7.11M▼ 14.8% | -5.29M▲ 25.6% | -5.74M▼ 8.5% | -6.55M▼ 14.1% | -8.07M▼ 23.3% |
| Operating Margin % | -53.47% | -45.41% | -86.22% | -103.46% | -121.78% | -93.23% | -149.83% | -210.65% | -391.51% |
| Operating Income Growth % | -6.45% | 29.2% | -47.79% | -8.05% | -14.8% | 25.62% | -8.53% | -14.12% | -23.31% |
| EBITDA | -4.52M | -2.87M | -4.47M | -5.02M | -5.97M | -4.77M | -5.58M | -6.41M | -7.74M |
| EBITDA Margin % | -44.17% | -33.6% | -67.27% | -83.87% | -102.3% | -84.07% | -145.65% | -206.24% | -375.22% |
| EBITDA Growth % | 5.46% | 36.57% | -55.84% | -12.26% | -18.95% | 20.15% | -16.99% | -14.94% | -20.7% |
| D&A (Non-Cash Add-back) | 953K | 1.01M | 1.26M | 1.17M | 1.14M | 519K | 160K | 137K | 336K |
| EBIT | -5.48M | -3.88M | -5.73M | -6.2M | -7.11M | -5.29M | -5.74M | -6.55M | -8.07M |
| Net Interest Income | -75K | -49K | -34K | -27K | -15K | 0 | 730K | 0 | 0 |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 730K | 0 | 0 |
| Interest Expense | 75K | 49K | 34K | 27K | 15K | 0 | 0 | 0 | 0 |
| Other Income/Expense | -75K | -52K | -34K | -32K | -15K | 121K | 736K | 687K | 16.1M |
| Pretax Income | -5.55M▲ 0% | -3.93M▲ 29.2% | -5.76M▼ 46.7% | -6.22M▼ 8.0% | -7.12M▼ 14.4% | -5.17M▲ 27.5% | -5M▲ 3.2% | -5.86M▼ 17.2% | 8.03M▲ 237.0% |
| Pretax Margin % | -54.2% | -46.02% | -86.73% | -103.99% | -122.04% | -91.09% | -130.61% | -188.55% | 389.33% |
| Income Tax | -56K | 13K | 38K | 59K | 146K | 118K | 115K | 15K | -9K |
| Effective Tax Rate % | 1.01% | -0.33% | -0.66% | -0.95% | -2.05% | -2.28% | -2.3% | -0.26% | -0.11% |
| Net Income | -4.71M▲ 0% | -3.06M▲ 35.0% | -5.3M▼ 73.1% | -5.61M▼ 5.8% | -6.45M▼ 15.1% | -4.88M▲ 24.3% | -10.12M▼ 107.3% | -6.47M▲ 36.1% | 8.49M▲ 231.3% |
| Net Margin % | -45.94% | -35.84% | -79.72% | -93.67% | -110.52% | -86.12% | -264.38% | -208.04% | 411.88% |
| Net Income Growth % | 11.08% | 34.96% | -73.14% | -5.79% | -15.08% | 24.29% | -107.31% | 36.13% | 231.35% |
| Net Income (Continuing) | -5.5M | -3.94M | -5.8M | -6.28M | -7.27M | -5.28M | -5.12M | -5.88M | 8.04M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | -5.01M | -591K | 456K |
| Minority Interest | -1.16M | -2.04M | -2.55M | -3.22M | -4.04M | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -0.89▲ 0% | -0.52▲ 41.6% | -0.66▼ 26.9% | -0.63▲ 4.5% | -0.61▲ 3.2% | -0.39▲ 36.1% | -0.66▼ 69.2% | -0.41▲ 37.9% | 0.51▲ 224.4% |
| EPS Growth % | 23.28% | 41.57% | -26.92% | 4.55% | 3.17% | 36.07% | -69.23% | 37.88% | 224.39% |
| EPS (Basic) | -0.89 | -0.52 | -0.66 | -0.63 | -0.61 | -0.39 | -0.66 | -0.41 | 0.51 |
| Diluted Shares Outstanding | 5.29M | 5.88M | 8.84M | 9.99M | 11.91M | 13.63M | 15.32M | 15.87M | 16.78M |
| Basic Shares Outstanding | 5.29M | 5.88M | 8.84M | 9.99M | 11.91M | 13.63M | 15.32M | 15.87M | 16.78M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - |
Neonode Inc. (NEON) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Total Current Assets | 9.8M | 10.49M | 5.43M | 14.65M | 22.03M | 20.8M | 18.62M | 17.68M | 26.29M |
| Cash & Short-Term Investments | 5.8M | 6.55M | 2.36M | 10.47M | 17.38M | 14.82M | 16.16M | 16.43M | 25.36M |
| Cash Only | 5.8M | 6.55M | 2.36M | 10.47M | 17.38M | 14.82M | 16.16M | 16.43M | 25.36M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 1.35M | 1.83M | 1.53M | 2.18M | 1.64M | 1.75M | 1.06M | 955K | 391K |
| Days Sales Outstanding | 47.97 | 78.23 | 84.3 | 132.73 | 102.45 | 112.33 | 101.24 | 112.15 | 69.21 |
| Inventory | 1.15M | 1.22M | 1.03M | 1.27M | 2.52M | 3.83M | 610K | 0 | 0 |
| Days Inventory Outstanding | 179.77 | 483.1 | 550.44 | 431.02 | 963.14 | 1.74K | 18.55K | - | - |
| Other Current Assets | 258K | 230K | 234K | 203K | 255K | 179K | 599K | 210K | 536K |
| Total Non-Current Assets | 3.33M | 2.75M | 2M | 1.92M | 960K | 400K | 394K | 696K | 600K |
| Property, Plant & Equipment | 3.33M | 2.48M | 2M | 1.92M | 960K | 400K | 110K | 696K | 600K |
| Fixed Asset Turnover | 3.08x | 3.44x | 3.32x | 3.11x | 6.08x | 14.18x | 34.81x | 4.47x | 3.44x |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 3K | 3K | 3K | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 0 | 261K | 0 | 0 | 0 | 0 | 284K | 0 | 0 |
| Total Assets | 13.13M▲ 0% | 13.24M▲ 0.9% | 7.44M▼ 43.8% | 16.57M▲ 122.9% | 22.99M▲ 38.7% | 21.2M▼ 7.8% | 19.01M▼ 10.3% | 18.38M▼ 3.3% | 26.89M▲ 46.3% |
| Asset Turnover | 0.78x | 0.64x | 0.89x | 0.36x | 0.25x | 0.27x | 0.20x | 0.17x | 0.08x |
| Asset Growth % | 35.29% | 0.88% | -43.85% | 122.86% | 38.74% | -7.8% | -10.3% | -3.33% | 46.27% |
| Total Current Liabilities | 3.58M | 2.31M | 3.02M | 4.21M | 2.97M | 1.7M | 1.83M | 1.62M | 2.18M |
| Accounts Payable | 509K | 501K | 555K | 1.08M | 776K | 334K | 400K | 229K | 464K |
| Days Payables Outstanding | 79.29 | 198.55 | 296.6 | 367.03 | 296.59 | 151.63 | 12.17K | 720.56 | 6.51K |
| Short-Term Debt | 568K | 570K | 0 | 0 | 0 | 0 | 0 | 0 | 356K |
| Deferred Revenue (Current) | 1.25M | 75K | 67K | 138K | 106K | 36K | 2K | 0 | 0 |
| Other Current Liabilities | -782K | -610K | 541K | 545K | 0 | 0 | 350K | 0 | 1.36M |
| Current Ratio | 2.73x | 4.54x | 1.80x | 3.48x | 7.41x | 12.24x | 10.16x | 10.92x | 12.05x |
| Quick Ratio | 2.41x | 4.01x | 1.46x | 3.18x | 6.56x | 9.99x | 9.83x | 10.92x | 12.05x |
| Cash Conversion Cycle | 148.45 | 362.78 | 338.15 | 196.72 | 769 | 1.7K | 6.49K | - | - |
| Total Non-Current Liabilities | 1.68M | 1.13M | 566K | 472K | 182K | 81K | 19K | 319K | 15K |
| Long-Term Debt | 1.68M | 1.13M | 0 | 0 | 0 | 0 | 0 | 0 | 15K |
| Capital Lease Obligations | 1.68M | 1.13M | 566K | 472K | 182K | 81K | 2K | 319K | 15K |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | -1.68M | -1.13M | 0 | 0 | 0 | 0 | 17K | 0 | 0 |
| Total Liabilities | 5.26M | 3.45M | 3.59M | 4.68M | 3.15M | 1.78M | 1.85M | 1.94M | 2.2M |
| Total Debt | 2.25M | 1.7M | 1.47M | 1.75M | 865K | 259K | 10K | 546K | 371K |
| Net Debt | -3.55M | -4.85M | -891K | -8.73M | -16.52M | -14.56M | -16.14M | -15.88M | -24.99M |
| Debt / Equity | 0.29x | 0.17x | 0.38x | 0.15x | 0.04x | 0.01x | 0.00x | 0.03x | 0.02x |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - |
| Net Debt / EBITDA | - | - | - | - | - | - | - | - | - |
| Interest Coverage | -73.01x | -79.12x | -168.53x | -229.30x | -473.80x | - | - | - | - |
| Total Equity | 7.86M▲ 0% | 9.8M▲ 24.6% | 3.85M▼ 60.7% | 11.89M▲ 209.1% | 19.84M▲ 66.8% | 19.42M▼ 2.1% | 17.16M▼ 11.6% | 16.44M▼ 4.2% | 24.69M▲ 50.2% |
| Equity Growth % | 90.16% | 24.58% | -60.73% | 209.07% | 66.84% | -2.11% | -11.61% | -4.2% | 50.16% |
| Book Value per Share | 1.49 | 1.66 | 0.43 | 1.19 | 1.67 | 1.42 | 1.12 | 1.04 | 1.47 |
| Total Shareholders' Equity | 9.02M | 11.84M | 6.39M | 15.11M | 23.88M | 19.42M | 17.16M | 16.44M | 24.69M |
| Common Stock | 59K | 9K | 9K | 12K | 14K | 14K | 15K | 17K | 17K |
| Retained Earnings | -183.75M | -185.22M | -190.52M | -196.16M | -202.61M | -207.49M | -217.61M | -224.08M | -215.59M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | -99K | -456K | -639K | -404K | -408K | -340K | -396K | -450K | -696K |
| Minority Interest | -1.16M | -2.04M | -2.55M | -3.22M | -4.04M | 0 | 0 | 0 | 0 |
Neonode Inc. (NEON) cash flow — operating, investing & free cash flow history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations | -5.58M | -2.86M | -3.52M | -5.75M | -7.68M | -6.81M | -6.31M | -5.59M | -10.25M |
| Operating CF Margin % | -54.5% | -33.49% | -52.92% | -96.12% | -131.56% | -120.07% | -164.74% | -179.92% | -497.28% |
| Operating CF Growth % | 10.73% | 48.77% | -23.02% | -63.55% | -33.48% | 11.33% | 7.34% | 11.35% | -83.37% |
| Net Income | -5.5M | -3.94M | -5.8M | -6.28M | -7.27M | -5.28M | -10.12M | -6.47M | 8.49M |
| Depreciation & Amortization | 953K | 1.01M | 1.26M | 1.17M | 1.14M | 519K | 160K | 137K | 336K |
| Stock-Based Compensation | 72K | 29K | 0 | 77K | 157K | 122K | 58K | 3K | 0 |
| Deferred Taxes | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | 1.92M | 6K | 519K | 5K | 0 | -46K | 3.57M | 547K | -19.53M |
| Working Capital Changes | -1.11M | 40K | 507K | -724K | -1.7M | -2.12M | 25K | 187K | 444K |
| Change in Receivables | 542K | 481K | 397K | -394K | 434K | -136K | 539K | -51K | 494K |
| Change in Inventory | -372K | -142K | 124K | -91K | -1.44M | -1.13M | -395K | 223K | 0 |
| Change in Payables | -896K | 598K | 415K | 0 | 0 | -460K | 173K | -213K | 157K |
| Cash from Investing | -656K | -232K | -89K | -58K | -67K | -52K | -123K | 152K | 19.3M |
| Capital Expenditures | -656K | -236K | -89K | -60K | -67K | -52K | -123K | -37K | -91K |
| CapEx % of Revenue | 6.41% | 2.76% | 1.34% | 1% | 1.15% | 0.92% | 3.21% | 1.19% | 4.41% |
| Acquisitions | 0 | 4K | 0 | 2K | 0 | 0 | 0 | 0 | 0 |
| Investments | - | - | - | - | - | - | - | - | - |
| Other Investing | 0 | 4K | 0 | 0 | 0 | 0 | 0 | 189K | 19.39M |
| Cash from Financing | 8.64M | 4.07M | -499K | 13.61M | 14.57M | 4.51M | 7.78M | 5.78M | -11K |
| Debt Issued (Net) | -438K | -551K | -535K | 129K | -487K | -165K | -89K | -17K | -11K |
| Equity Issued (Net) | 1000K | 1000K | 36K | 1000K | 1000K | 1000K | 1000K | 1000K | 0 |
| Dividends Paid | 0 | 0 | 0 | -33K | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 | -12K | 0 | 0 | 0 |
| Other Financing | 0 | 0 | 0 | -15K | -15.06M | 0 | 0 | 0 | 0 |
| Net Change in Cash | 2.32M▲ 0% | 759K▼ 67.3% | -4.2M▼ 653.1% | 8.12M▲ 293.3% | 6.91M▼ 14.9% | -2.57M▼ 137.1% | 1.34M▲ 152.2% | 272K▼ 79.7% | 8.93M▲ 3183.5% |
| Free Cash Flow | -6.24M▲ 0% | -3.1M▲ 50.4% | -3.61M▼ 16.5% | -5.81M▼ 61.2% | -7.75M▼ 33.3% | -6.86M▲ 11.4% | -6.43M▲ 6.3% | -5.63M▲ 12.5% | -10.35M▼ 83.8% |
| FCF Margin % | -60.9% | -36.25% | -54.26% | -97.13% | -132.71% | -120.99% | -167.96% | -181.11% | -501.7% |
| FCF Growth % | 13.84% | 50.38% | -16.51% | -61.18% | -33.26% | 11.43% | 6.25% | 12.47% | -83.78% |
| FCF per Share | -1.18 | -0.53 | -0.41 | -0.58 | -0.65 | -0.50 | -0.42 | -0.35 | -0.62 |
| FCF Conversion (FCF/Net Income) | 1.19x | 0.93x | 0.66x | 1.03x | 1.19x | 1.39x | 0.62x | 0.86x | -1.21x |
| Interest Paid | 73K | 49K | 34K | 27K | 15K | 9K | 9K | 1K | 0 |
| Taxes Paid | 219K | 13K | 38K | 59K | 146K | 132K | 115K | 15K | 0 |
Neonode Inc. (NEON) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity (ROE) | -177.31% | -78.43% | -34.66% | -77.67% | -71.23% | -40.66% | -24.88% | -55.35% | -38.48% | 41.3% |
| Return on Invested Capital (ROIC) | -822.6% | -133.28% | -62.8% | -108.8% | -151.79% | -164.49% | -96.93% | -146.38% | -621.94% | -4604.37% |
| Gross Margin | 86.9% | 77.12% | 89.21% | 89.72% | 81.99% | 83.64% | 85.82% | 99.69% | 96.27% | 98.74% |
| Net Margin | -51.81% | -45.94% | -35.84% | -79.72% | -93.67% | -110.52% | -86.12% | -264.38% | -208.04% | 411.88% |
| Debt / Equity | 0.29x | 0.29x | 0.17x | 0.38x | 0.15x | 0.04x | 0.01x | 0.00x | 0.03x | 0.02x |
| Interest Coverage | -109.45x | -73.01x | -79.12x | -168.53x | -229.30x | -473.80x | - | - | - | - |
| FCF Conversion | 1.18x | 1.19x | 0.93x | 0.66x | 1.03x | 1.19x | 1.39x | 0.62x | 0.86x | -1.21x |
| Revenue Growth | -8.12% | 0.27% | -16.63% | -22.16% | -9.96% | -2.47% | -2.84% | -32.47% | -18.83% | -33.66% |
Neonode Inc. (NEON) stock FAQ — growth, dividends, profitability & financials explained
Neonode Inc. (NEON) reported $2.1M in revenue for fiscal year 2025. This represents a 85% decrease from $13.4M in 1996.
Neonode Inc. (NEON) saw revenue decline by 33.7% over the past year.
Yes, Neonode Inc. (NEON) is profitable, generating $8.5M in net income for fiscal year 2025 (411.9% net margin).
Neonode Inc. (NEON) has a return on equity (ROE) of 41.3%. This is excellent, indicating efficient use of shareholder capital.
Neonode Inc. (NEON) had negative free cash flow of $10.3M in fiscal year 2025, likely due to heavy capital investments.
Neonode Inc. (NEON) financial analysis — history, returns, DCA and operating performance tools
Historical returns with dividends reinvested
Dollar cost averaging vs lump sum
Yield, growth, payout safety & DRIP
EPS trends, net income & profitability
Long-term charts & historical price data
Sales growth patterns & revenue breakdown
30 years of market, efficiency and balance-sheet ratios
DCF intrinsic value, peer multiples & estimates