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NEON logoNeonode Inc.(NEON)Earnings, Financials & Key Ratios

NEON•NASDAQ
$1.82
$31M mkt cap·3.6× P/E·Price updated May 7, 2026
SectorTechnologyIndustryTech Hardware & EquipmentSub-IndustrySensors, Controls and Smart Metering
AboutNeonode 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.Show more
  • Revenue$2M-33.7%
  • EBITDA-$8M-20.7%
  • Net Income$8M+231.3%
  • EPS (Diluted)0.51+224.4%
  • Gross Margin98.74%+2.6%
  • EBITDA Margin-375.22%-81.9%
  • Operating Margin-391.51%-85.9%
  • Net Margin411.88%+298.0%
  • ROE41.3%+207.3%
  • ROIC-4604.37%-640.3%
  • Debt/Equity0.02-54.7%
Technical→

NEON Key Insights

Neonode Inc. (NEON) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

  • ✓Company is almost debt free
  • ✓Trading at only 1.2x book value

✗Weaknesses

  • ✗Negative free cash flow
  • ✗Weak momentum: RS Rating 10 (bottom 10%)
  • ✗Sales declining 19.2% over 5 years
  • ✗Trading more than 30% below 52-week high
  • ✗Low asset turnover indicates capital-intensive operations

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

NEON Price & Volume

Neonode Inc. (NEON) stock price & volume — 10-year historical chart

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NEON Growth Metrics

Neonode Inc. (NEON) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years-15.5%
5 Years-19.19%
3 Years-28.62%
TTM-33.66%

Profit CAGR

10 Years-
5 Years-
3 Years-
TTM231.35%

EPS CAGR

10 Years-
5 Years-
3 Years-
TTM225.82%

Return on Capital

10 Years-58.33%
5 Years-35.89%
3 Years-36.27%
Last Year-38.94%

NEON Peer Comparison

Neonode Inc. (NEON) competitors in Sensors, Controls and Smart Metering — business model, growth, and fundamentals comparison

Select Columns
Stock Universe
Valuation
Growth
Profitability
Financial Health
Dividends & Buybacks
Price Performance
Technical
Fundamentals ($)
Sector-Specific
CompanyMarket CapStock PriceP/E Ratio (TTM)Revenue Growth 1YNet MarginReturn on Equity (ROE)FCF YieldDebt / Equity
INTT logoINTTinTEST CorporationDirect Competitor207.55M16.61-79.10-12.9%0.49%0.57%0.15
MVIS logoMVISMicroVision, Inc.Direct Competitor188.81M0.62-1.76-74.28%-78.63%-137.37%0.66
LIQT logoLIQTLiqTech International, Inc.Direct Competitor22.21M2.31-2.5913.03%-53.25%-69.97%1.17
CODA logoCODACoda Octopus Group, Inc.Direct Competitor134.12M11.9032.1630.75%14.78%7.17%0.01
SYNA logoSYNASynaptics IncorporatedProduct Competitor4.13B105.80-86.7211.98%-4.1%-3.47%0.63
HIMX logoHIMXHimax Technologies, Inc.Product Competitor2.8B16.0361.65-8.23%5.29%4.92%0.66
AMBA logoAMBAAmbarella, Inc.Product Competitor3.2B74.27-26.1525.78%-21.31%-13.5%0.01
ALGM logoALGMAllegro MicroSystems, Inc.Product Competitor8.88B47.93-122.90-30.91%-1.57%-1.4%0.40

Compare NEON vs Peers

Neonode Inc. (NEON) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs INTT

Most directly comparable listed peer for NEON.

Scale Benchmark

vs AAPL

Larger-name benchmark to compare NEON against a more recognizable public peer.

Peer Set

Compare Top 5

vs INTT, MVIS, LIQT, CODA

NEON Income Statement

Neonode Inc. (NEON) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily
Line itemDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25
Sales/Revenue10.24M8.54M6.65M5.98M5.84M5.67M3.83M3.11M2.06M
Revenue Growth %0.27%-16.63%-22.16%-9.96%-2.47%-2.84%-32.47%-18.83%-33.66%
Cost of Goods Sold2.34M921K683K1.08M955K804K12K116K26K
COGS % of Revenue22.88%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 Expenses13.37M11.49M11.69M11.1M11.99M10.15M9.55M9.54M10.18M
OpEx % of Revenue130.59%134.62%175.94%185.44%205.41%179.05%249.52%306.92%493.5%
Selling, General & Admin7.3M6.22M6.45M6.96M8.44M6.19M5.72M6.09M6.4M
SG&A % of Revenue71.24%72.8%97.11%116.28%144.65%109.15%149.41%196.11%310.23%
Research & Development6.08M5.28M5.24M4.14M3.55M3.96M3.83M3.44M3.78M
R&D % of Revenue59.35%61.82%78.83%69.17%60.76%69.89%100.1%110.81%183.27%
Other Operating Expenses-24K-3K0000000
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)953K1.01M1.26M1.17M1.14M519K160K137K336K
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-15K0730K00
Interest Income000000730K00
Interest Expense75K49K34K27K15K0000
Other Income/Expense-75K-52K-34K-32K-15K121K736K687K16.1M
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-56K13K38K59K146K118K115K15K-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-5.88M8.04M
Discontinued Operations000000-5.01M-591K456K
Minority Interest-1.16M-2.04M-2.55M-3.22M-4.04M0000
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)-0.89-0.52-0.66-0.63-0.61-0.39-0.66-0.410.51
Diluted Shares Outstanding5.29M5.88M8.84M9.99M11.91M13.63M15.32M15.87M16.78M
Basic Shares Outstanding5.29M5.88M8.84M9.99M11.91M13.63M15.32M15.87M16.78M
Dividend Payout Ratio---------

NEON Balance Sheet

Neonode Inc. (NEON) balance sheet — assets, liabilities & shareholders' equity

Line itemDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25
Total Current Assets9.8M10.49M5.43M14.65M22.03M20.8M18.62M17.68M26.29M
Cash & Short-Term Investments5.8M6.55M2.36M10.47M17.38M14.82M16.16M16.43M25.36M
Cash Only5.8M6.55M2.36M10.47M17.38M14.82M16.16M16.43M25.36M
Short-Term Investments000000000
Accounts Receivable1.35M1.83M1.53M2.18M1.64M1.75M1.06M955K391K
Days Sales Outstanding47.9778.2384.3132.73102.45112.33101.24112.1569.21
Inventory1.15M1.22M1.03M1.27M2.52M3.83M610K00
Days Inventory Outstanding179.77483.1550.44431.02963.141.74K18.55K--
Other Current Assets258K230K234K203K255K179K599K210K536K
Total Non-Current Assets3.33M2.75M2M1.92M960K400K394K696K600K
Property, Plant & Equipment3.33M2.48M2M1.92M960K400K110K696K600K
Fixed Asset Turnover3.08x3.44x3.32x3.11x6.08x14.18x34.81x4.47x3.44x
Goodwill000000000
Intangible Assets000000000
Long-Term Investments3K3K3K000000
Other Non-Current Assets0261K0000284K00
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 Turnover0.78x0.64x0.89x0.36x0.25x0.27x0.20x0.17x0.08x
Asset Growth %35.29%0.88%-43.85%122.86%38.74%-7.8%-10.3%-3.33%46.27%
Total Current Liabilities3.58M2.31M3.02M4.21M2.97M1.7M1.83M1.62M2.18M
Accounts Payable509K501K555K1.08M776K334K400K229K464K
Days Payables Outstanding79.29198.55296.6367.03296.59151.6312.17K720.566.51K
Short-Term Debt568K570K000000356K
Deferred Revenue (Current)1.25M75K67K138K106K36K2K00
Other Current Liabilities-782K-610K541K545K00350K01.36M
Current Ratio2.73x4.54x1.80x3.48x7.41x12.24x10.16x10.92x12.05x
Quick Ratio2.41x4.01x1.46x3.18x6.56x9.99x9.83x10.92x12.05x
Cash Conversion Cycle148.45362.78338.15196.727691.7K6.49K--
Total Non-Current Liabilities1.68M1.13M566K472K182K81K19K319K15K
Long-Term Debt1.68M1.13M00000015K
Capital Lease Obligations1.68M1.13M566K472K182K81K2K319K15K
Deferred Tax Liabilities000000000
Other Non-Current Liabilities-1.68M-1.13M000017K00
Total Liabilities5.26M3.45M3.59M4.68M3.15M1.78M1.85M1.94M2.2M
Total Debt2.25M1.7M1.47M1.75M865K259K10K546K371K
Net Debt-3.55M-4.85M-891K-8.73M-16.52M-14.56M-16.14M-15.88M-24.99M
Debt / Equity0.29x0.17x0.38x0.15x0.04x0.01x0.00x0.03x0.02x
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 Share1.491.660.431.191.671.421.121.041.47
Total Shareholders' Equity9.02M11.84M6.39M15.11M23.88M19.42M17.16M16.44M24.69M
Common Stock59K9K9K12K14K14K15K17K17K
Retained Earnings-183.75M-185.22M-190.52M-196.16M-202.61M-207.49M-217.61M-224.08M-215.59M
Treasury Stock000000000
Accumulated OCI-99K-456K-639K-404K-408K-340K-396K-450K-696K
Minority Interest-1.16M-2.04M-2.55M-3.22M-4.04M0000

NEON Cash Flow Statement

Neonode Inc. (NEON) cash flow — operating, investing & free cash flow history

Line itemDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'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-6.47M8.49M
Depreciation & Amortization953K1.01M1.26M1.17M1.14M519K160K137K336K
Stock-Based Compensation72K29K077K157K122K58K3K0
Deferred Taxes000000000
Other Non-Cash Items1.92M6K519K5K0-46K3.57M547K-19.53M
Working Capital Changes-1.11M40K507K-724K-1.7M-2.12M25K187K444K
Change in Receivables542K481K397K-394K434K-136K539K-51K494K
Change in Inventory-372K-142K124K-91K-1.44M-1.13M-395K223K0
Change in Payables-896K598K415K00-460K173K-213K157K
Cash from Investing-656K-232K-89K-58K-67K-52K-123K152K19.3M
Capital Expenditures-656K-236K-89K-60K-67K-52K-123K-37K-91K
CapEx % of Revenue6.41%2.76%1.34%1%1.15%0.92%3.21%1.19%4.41%
Acquisitions04K02K00000
Investments---------
Other Investing04K00000189K19.39M
Cash from Financing8.64M4.07M-499K13.61M14.57M4.51M7.78M5.78M-11K
Debt Issued (Net)-438K-551K-535K129K-487K-165K-89K-17K-11K
Equity Issued (Net)1000K1000K36K1000K1000K1000K1000K1000K0
Dividends Paid000-33K00000
Share Repurchases00000-12K000
Other Financing000-15K-15.06M0000
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)1.19x0.93x0.66x1.03x1.19x1.39x0.62x0.86x-1.21x
Interest Paid73K49K34K27K15K9K9K1K0
Taxes Paid219K13K38K59K146K132K115K15K0

NEON Key Ratios

Neonode Inc. (NEON) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric2016201720182019202020212022202320242025
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 Margin86.9%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 / Equity0.29x0.29x0.17x0.38x0.15x0.04x0.01x0.00x0.03x0.02x
Interest Coverage-109.45x-73.01x-79.12x-168.53x-229.30x-473.80x----
FCF Conversion1.18x1.19x0.93x0.66x1.03x1.19x1.39x0.62x0.86x-1.21x
Revenue Growth-8.12%0.27%-16.63%-22.16%-9.96%-2.47%-2.84%-32.47%-18.83%-33.66%

NEON Frequently Asked Questions

Neonode Inc. (NEON) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

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).

Dividend & Returns

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.

Explore More NEON

Neonode Inc. (NEON) financial analysis — history, returns, DCA and operating performance tools

Total Return Calculator

Historical returns with dividends reinvested

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DCA Calculator

Dollar cost averaging vs lump sum

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Dividend History

Yield, growth, payout safety & DRIP

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Earnings History

EPS trends, net income & profitability

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Price History

Long-term charts & historical price data

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Revenue History

Sales growth patterns & revenue breakdown

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Financial Ratios

30 years of market, efficiency and balance-sheet ratios

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Valuation

DCF intrinsic value, peer multiples & estimates

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