NE
Neonode Inc
NEON—
Neonode Inc AI Insights
Informational only. Not investment advice.Snapshot
- Revenue collapsed 49% YoY (TTM 2.2M) yet net income hit 9.0M - driven by 15.5M non-operating gains masking core business decline[Total Revenue 1Y Growth]
- Gross margin 96.5% TTM is exceptional but on shrinking 2.2M revenue base - high-margin business that can't scale[Gross Margin TTM]
- FCF negative (-5.9M TTM) despite reported profits - cash burn consuming 51% of cash position annually[Free Cash Flow TTM]
Watch Triggers
- Total Revenue TTM: Quarterly revenue stabilizes above 600K — Revenue decline must stop before any bull case materializes
- Cash and Equivalents: Falls below 6M (12-month runway) — Would force dilutive financing or strategic alternatives
- Free Cash Flow TTM: Turns positive or burn rate halves — Current burn unsustainable - signals operational turnaround
Bull Case
P/E of 4.3x vs industry median 32.4x appears cheap, but earnings quality questionable - 15.5M other operating items drove profitability, not core ops
PE RatioOther Operating Expenses
Near-zero debt (0.01 D/E) and 26.8M equity provides runway for turnaround if management can stabilize revenue
Debt to EquityTotal Equity
Bear Case
Revenue in freefall (-49% YoY, -29% 3Y CAGR) with no signs of stabilization - structural demand problem, not cyclical
Total Revenue 1Y GrowthTotal Revenue 3Y Growth
Cash runway ~2 years at current burn rate (-5.9M FCF vs 11.6M cash) - dilution or asset sale likely without turnaround
Free Cash Flow TTMCash and Equivalents
Bull vs Bear Balance
AI-generated sentiment analysis based on fundamental metrics and market conditions.
25%
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Forward Thesis
Core business viability at risk without revenue stabilization within 12 months
3-12mhigh
- Revenue down 49% YoY, 29% 3Y CAGR decline
- Cash burn of 5.9M vs 11.6M cash remaining
- Operating expenses exceed revenue by 2.7x
TTM revenue 2.2M vs OpEx 5.9MFCF -5.9M on 11.6M cash3Y revenue CAGR -29%
Valuation Context
Caveats
Public Strategies Rankings
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NEON Fundamentals
Manufacturing → Computer and Electronic Product Manufacturing
| Metric | Value | YoY Growth | Industry Percentile |
|---|---|---|---|
$35.75M | — | ||
$24.56M | — | ||
4.2 | — | ||
$2.2M | -42.1% | — | |
$0.51 | — | ||
366% | +672.6% | — | |
409% | +693.2% | — | |
$-5.89M | — | ||
0.40 | +92.8% | — | |
Beta 5Y (Monthly) | unknown | — |
NEON Dividend History
No dividends
NEON Stock Splits
3 stock splits
10/01/1810:1 split
03/28/1125:1 split
04/02/075:1 split
NEON SEC Filings
| Filing Date | Report Date | Report Type | Filing Link |
|---|---|---|---|
11/06/25 | 09/30/25 | 10-Q | |
08/13/25 | 06/30/25 | 10-Q | |
05/14/25 | 03/31/25 | 10-Q | |
03/21/25 | 12/31/24 | 10-K | |
11/06/24 | 09/30/24 | 10-Q | |
08/08/24 | 06/30/24 | 10-Q | |
05/08/24 | 03/31/24 | 10-Q | |
02/28/24 | 12/31/23 | 10-K | |
03/21/25 | 12/31/23 | 10-K | |
11/09/23 | 09/30/23 | 10-Q | |
08/10/23 | 06/30/23 | 10-Q | |
05/11/23 | 03/31/23 | 10-Q | |
03/09/23 | 12/31/22 | 10-K | |
11/10/22 | 09/30/22 | 10-Q | |
08/11/22 | 06/30/22 | 10-Q | |
05/11/22 | 03/31/22 | 10-Q | |
03/10/22 | 12/31/21 | 10-K | |
11/10/21 | 09/30/21 | 10-Q | |
08/11/21 | 06/30/21 | 10-Q | |
05/12/21 | 03/31/21 | 10-Q | |
03/10/21 | 12/31/20 | 10-K | |
11/10/20 | 09/30/20 | 10-Q | |
08/14/20 | 06/30/20 | 10-Q | |
05/13/20 | 03/31/20 | 10-Q | |
03/11/20 | 12/31/19 | 10-K | |
11/06/19 | 09/30/19 | 10-Q | |
08/14/19 | 06/30/19 | 10-Q | |
05/08/19 | 03/31/19 | 10-Q | |
03/07/19 | 12/31/18 | 10-K | |
11/08/18 | 09/30/18 | 10-Q | |
08/09/18 | 06/30/18 | 10-Q | |
05/08/18 | 03/31/18 | 10-Q | |
03/08/18 | 12/31/17 | 10-K | |
11/09/17 | 09/30/17 | 10-Q | |
08/09/17 | 06/30/17 | 10-Q | |
05/09/17 | 03/31/17 | 10-Q | |
03/15/17 | 12/31/16 | 10-K | |
11/09/16 | 09/30/16 | 10-Q | |
08/09/16 | 06/30/16 | 10-Q | |
05/10/16 | 03/31/16 | 10-Q | |
03/11/16 | 12/31/15 | 10-K | |
11/09/15 | 09/30/15 | 10-Q | |
08/06/15 | 06/30/15 | 10-Q | |
05/06/15 | 03/31/15 | 10-Q | |
03/12/15 | 12/31/14 | 10-K | |
11/06/14 | 09/30/14 | 10-Q | |
08/06/14 | 06/30/14 | 10-Q | |
05/12/14 | 03/31/14 | 10-Q | |
03/06/14 | 12/31/13 | 10-K | |
11/07/13 | 09/30/13 | 10-Q | |
08/08/13 | 06/30/13 | 10-Q | |
05/08/13 | 03/31/13 | 10-Q | |
03/14/13 | 12/31/12 | 10-K | |
11/14/12 | 09/30/12 | 10-Q | |
08/14/12 | 06/30/12 | 10-Q | |
05/15/12 | 03/31/12 | 10-Q | |
03/30/12 | 12/31/11 | 10-K | |
10/31/11 | 09/30/11 | 10-Q | |
08/05/11 | 06/30/11 | 10-Q | |
05/16/11 | 03/31/11 | 10-Q | |
03/31/11 | 12/31/10 | 10-K | |
11/22/10 | 09/30/10 | 10-Q | |
08/12/10 | 06/30/10 | 10-Q | |
05/24/10 | 03/31/10 | 10-Q | |
03/29/10 | 12/31/09 | 10-K | |
10/22/09 | 09/30/09 | 10-Q | |
08/04/09 | 06/30/09 | 10-Q | |
05/15/09 | 03/30/09 | 10-Q | |
04/15/09 | 12/31/08 | NT 10-K | |
11/19/08 | 09/30/08 | NT 10-Q | |
08/14/08 | 06/30/08 | 10-Q | |
05/20/08 | 03/30/08 | Unknown | -- |
11/14/07 | 09/30/07 | 10-Q | |
09/13/07 | 07/31/07 | 10-Q | |
06/11/07 | 04/30/07 | 8-K | |
03/16/07 | 01/28/07 | Unknown | -- |
01/29/07 | 10/30/06 | Unknown | -- |
08/31/06 | 07/31/06 | 8-K | |
06/13/06 | 04/30/06 | 8-K | |
03/06/06 | 01/28/06 | Unknown | -- |
01/20/06 | 10/30/05 | Unknown | -- |
08/31/05 | 07/31/05 | 8-K | |
06/02/05 | 04/30/05 | 8-K | |
03/02/05 | 01/28/05 | Unknown | -- |
01/14/05 | 10/30/04 | Unknown | -- |
09/08/04 | 07/31/04 | 8-K | |
04/30/04 | 04/30/04 | 8-K | |
03/08/04 | 01/29/04 | Unknown | -- |
01/26/04 | 10/31/03 | 4 | |
09/11/03 | 07/31/03 | 8-K | |
06/06/03 | 04/30/03 | 8-K | |
03/03/03 | 01/28/03 | Unknown | -- |
01/27/03 | 10/30/02 | Unknown | -- |
08/28/02 | 07/31/02 | 10-Q | |
06/13/02 | 04/30/02 | 8-K | |
03/18/02 | 01/28/02 | Unknown | -- |
01/25/02 | 10/30/01 | Unknown | -- |
09/14/01 | 07/31/01 | 10-Q | |
06/12/01 | 04/30/01 | 10-Q | |
03/16/01 | 01/28/01 | Unknown | -- |
01/29/01 | 10/30/00 | Unknown | -- |
09/14/00 | 07/31/00 | 10-Q | |
06/14/00 | 04/30/00 | 10-Q | |
03/10/00 | 01/29/00 | Unknown | -- |