Friday 6 November 2026
Export NEON’s income statement to Excel — free account
Neonode Inc.
NEON Technology Electronic Components
Neonode Inc.’s revenue for fiscal 2025 (year ended December 2025) was $2.1 million, down 33.7% from fiscal 2024.
- Revenue
- −20.4%
- EPS
- −18.2%
- Free cash flow
- −9.97%
- Total debt
- −61.9%
Quarter to June 2026, against a year earlier
0.59
0.04
−6.35%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Ten-year view | Analyst estimates Powerpack | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM Jun ’26 | Trend | 10 yrs | 2026e | 2027e | 2028e | Next 3/yr |
| Income, $m | ||||||||||||||||||
| Income, $m | Revenue | 10 | 10 | 9 | 7 | 6 | 6 | 6 | 4 | 3 | 2 | 2 | (16.3%) | 3 | 5 | — | +47.8% | |
| Gross margin, % | 86.90 | 77.12 | 89.21 | 89.72 | 81.99 | 83.64 | 85.82 | 99.69 | 96.27 | 98.74 | 98.82 | +11.8 pt | ||||||
| EBT | (5) | (6) | (4) | (6) | (6) | (7) | (5) | (5) | (6) | 8 | 8 | n/m | ||||||
| EBT margin, % | (51.72) | (54.20) | (46.02) | (86.73) | (103.99) | (122.04) | (91.09) | (130.61) | (188.55) | 389.33 | 383.24 | +441.1 pt | ||||||
| Net income | (6) | (5) | (4) | (6) | (6) | (7) | (5) | (10) | (6) | 8 | 8 | n/m | ||||||
| Per share, $ | ||||||||||||||||||
| Per share, $ | Revenue | 2.24 | 1.94 | 1.45 | 0.75 | 0.60 | 0.49 | 0.42 | 0.25 | 0.20 | 0.12 | 0.12 | (27.6%) | |||||
| Earnings | (1.20) | (0.90) | (0.52) | (0.60) | (0.56) | (0.54) | (0.36) | (0.66) | (0.41) | 0.51 | 0.49 | n/m | ||||||
| Cash flow | (1.37) | (1.06) | (0.49) | (0.40) | (0.58) | (0.64) | (0.50) | (0.41) | (0.35) | (0.61) | (0.66) | (8.6%) | ||||||
| Capex | (0.21) | (0.12) | (0.04) | (0.01) | (0.01) | (0.01) | 0.00 | (0.01) | 0.01 | 1.15 | (0.01) | n/m | ||||||
| Free cash flow | (1.58) | (1.18) | (0.53) | (0.41) | (0.58) | (0.65) | (0.50) | (0.42) | (0.34) | 0.54 | (0.67) | n/m | ||||||
| Book value | 0.91 | 1.49 | 1.66 | 0.44 | 1.19 | 1.67 | 1.42 | 1.12 | 1.04 | 1.47 | 1.24 | +5.5% | ||||||
| Shares, m | 5 | 5 | 6 | 9 | 10 | 12 | 14 | 15 | 16 | 17 | 17 | +15.6% | ||||||
| Valuation, × | ||||||||||||||||||
| Valuation, × | P/E | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 3.38 | 1.22 | 0.3 | |||||
| P/S | 8.54 | 3.82 | 1.14 | 2.58 | 11.27 | 18.06 | 13.30 | 9.24 | 42.03 | 14.16 | 4.85 | 12.4 | ||||||
| P/B | 21.10 | 4.97 | 1.00 | 4.46 | 5.67 | 5.31 | 3.88 | 2.06 | 7.95 | 1.18 | 0.48 | 5.8 | ||||||
| EV/Sales | 8.30 | 3.41 | 0.51 | 2.44 | 9.79 | 15.35 | 10.96 | 5.42 | 37.24 | 2.61 | (4.84) | 9.6 | ||||||
| EV/FCF | (11.72) | (5.61) | (1.41) | (4.49) | (10.08) | (11.57) | (9.06) | (3.23) | (21.03) | (0.52) | 0.88 | (7.9) | ||||||
| Cash, $m | ||||||||||||||||||
| Cash, $m | Operating cash flow | (6) | (6) | (3) | (4) | (6) | (8) | (7) | (6) | (6) | (10) | (11) | +5.7% | |||||
| Capex | (1) | (1) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 19 | 0 | n/m | ||||||
| Free cash flow | (7) | (6) | (3) | (4) | (6) | (8) | (7) | (6) | (5) | 9 | (11) | n/m | ||||||
| Balance, $m | ||||||||||||||||||
| Balance, $m | Working capital | 3 | 6 | 8 | 2 | 10 | 19 | 19 | 17 | 16 | 24 | 20 | +25.8% | |||||
| Net debt | (3) | (4) | (5) | (2) | (10) | (17) | (15) | (16) | (16) | (25) | (21) | +29.3% | ||||||
| Shareholders’ equity | 4 | 8 | 10 | 4 | 12 | 20 | 19 | 17 | 16 | 25 | 21 | +22.0% | ||||||
| Returns, % | ||||||||||||||||||
| Returns, % | ROA | (67.70) | (41.22) | (23.21) | (51.24) | (46.97) | (32.61) | (22.10) | (50.35) | (34.58) | 37.52 | 41.97 | +105.2 pt | |||||
| ROIC | (198.58) | (91.32) | (55.40) | (179.24) | (255.91) | (176.33) | (71.08) | (355.01) | (27,279.17) | 0.00 | 0.00 | +198.6 pt | ||||||
| ROE | (177.31) | (78.43) | (34.66) | (77.67) | (71.65) | (40.66) | (24.88) | (55.35) | (38.48) | 41.30 | 48.61 | +218.6 pt | ||||||
| People | ||||||||||||||||||
| People | Employees | 49 | 45 | 52 | 60 | 46 | 47 | 55 | 53 | 43 | 39 | — | (2.5%) | |||||
| Revenue/emp, $m | 0.21 | 0.23 | 0.16 | 0.11 | 0.13 | 0.12 | 0.10 | 0.07 | 0.07 | 0.05 | — | (14.1%) | ||||||
Negative figures in brackets.
estimates
Fiscal years to Dec 2025 · latest quarter Jun 2026
Neonode Inc. vs peers in Electronic Components (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| ELTK Eltek Ltd. | $40.5M | — (loss-making) | 8.4× | −7.94% (below 0%: shrinking) | n/m | +94.44% (above 0%: growing) | (8.36%) | (22.07%) | Compare |
| DAIO Data I/O Corporation | $24.6M | — (loss-making) | — (loss-making) | −13.43% (below 0%: shrinking) | n/m | −397.95% (below 0%: shrinking) | 57.00% | (14.06%) | Compare |
| REFR Research Frontiers Incorporated | $12.9M | — (loss-making) | — (loss-making) | −78.56% (below 0%: shrinking) | n/m | −208.08% (below 0%: shrinking) | (517.32%) | (672.53%) | Compare |
| OST Ostin Technology Group Co., Ltd. | $10.2M | — (loss-making) | — | −60.75% (below 0%: shrinking) | −100.00% (below 0%: shrinking) | −72.90% (below 0%: shrinking) | 2.02% | 0.00% | Compare |
| WETH Wetouch Technology Inc. | $10.2M | 1.1× | — | +12.74% (above 0%: growing) | −5.26% (below 0%: shrinking) | +87.69% (above 0%: growing) | 34.88% | 22.61% | Compare |
| NEON Neonode Inc. | $10.1M | 1.2× | — (loss-making) | −20.37% (below 0%: shrinking) | n/m | −9.97% (below 0%: shrinking) | 98.11% | (486.58%) | |
| GAUZ Gauzy Ltd. | $7.5M | — (loss-making) | — (loss-making) | −17.84% (below 0%: shrinking) | n/m | +54.56% (above 0%: growing) | 21.37% | (62.38%) | Compare |
| MSAI MultiSensor AI Holdings, Inc. | $6.7M | — (loss-making) | — (loss-making) | +19.45% (above 0%: growing) | n/m | −105.04% (below 0%: shrinking) | 45.78% | (153.45%) | Compare |
| MTEK Maris-Tech Ltd. | $2.8M | — (loss-making) | — | −10.33% (below 0%: shrinking) | n/m | −137.39% (below 0%: shrinking) | (36.00%) | 0.00% | Compare |
| Median of peers | $10.2M | — | — | −11.88% | — | −88.97% | 11.70% | (18.06%) |
Pay and ownership Proxy statement filed 30 April 2026
Chief executive’s pay
| Year | Total pay | Actually paid | $100 invested |
|---|---|---|---|
| 2023 | 283.92k | 264.57k | 41.64 |
Ownership
Directors and executive officers, together
21.87%
Ulf Rosberg
11.05%
Peter Lindell
10.72%
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards
at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s
shares at the start of the earliest year shown was worth at each year’s end.
Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more.
Read the proxy statement