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%
Market cap
$10.1M
P/E
1.2×
Fwd P/E
0.0×
Dividend yield
—
F-score
4/9
Altman Z
−1.19
Beneish M
−0.07
Dividend safety
n/a

Insider Decisions last twelve months

Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell — — — — — — — — — — — —
Insider Ownership 21.89%

Capital & Financial Ratios $m

Size
Market Cap 10.05
Revenue ttm 2.04
Net income ttm 8.12
Free cash flow ttm (11.24)
Net debt Q (21.31)
Valuation
P/E 1.22
Forward P/E 0.00
Price / sales 4.85
Forward P/S Powerpack
Price / FCF 0.00
Price / book 0.48
Financial health
Current ratio Q 10.86 (at or above 1.5: strong)
Debt / equity Q 0.00 (at or below 0.5: strong)
Interest coverage Q 12.78
Growth
Revenue growth Q −20.37% (below 0%: shrinking)
Operating income growth Q −10.00% (below 0%: shrinking)
EPS, this year −10.81% (below 0%: weak)
EPS, next year A +7.32%
Revenue, next year A +69.35% (at or above 10%: strong)
EPS, past 5 yrs —
EPS, next 5 yrs A +2.78%

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

P/S against its own 10 years 25.19%
10-year low 10-year high
P/B against its own 10 years 0.04%
10-year low 10-year high

Dividends

Yield
—
Annual rate
—
Payout ratio
—

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 16 16 25 21
Receivables 1 1 0 0
Inventory — — — —
Other — 0 — —
19 18 26 22
2023 2024 2025 Q'26
Payables 0 0 0 0
ST’ Debt — — — —
Other 0 — 0 0
2 2 2 2

Compound Annual Growth %

10y 5y 3y
Sales (15.50%) (19.19%) (28.62%)
Cash Flow 0.00% 0.00% 0.00%
Earnings 0.00% 0.00% 0.00%
Book Value 29.70% 15.73% 8.33%

Earnings Trends EPS, adjusted, against the consensus

EPS $

Mar Jun Sep Dec Year
’26 (0.11) (0.13) — — —
’25 (0.10) (0.11) 0.85 (0.12) 0.51
’24 (0.14) (0.11) (0.07) (0.09) (0.41)
’23 (0.09) (0.10) (0.08) (0.39) (0.66)
’22 (0.10) (0.11) (0.06) (0.09) (0.36)
’21 (0.14) (0.14) (0.15) (0.11) (0.54)
’20 (0.11) (0.18) (0.16) (0.11) (0.56)
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 1 0 — — —
’25 1 1 0 1 2
’24 1 1 1 1 3
’23 1 1 1 1 4
’22 1 1 1 2 6
’21 2 2 1 1 6
’20 1 1 1 2 6
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 (2) (2) — — —
’25 (1) (2) (2) (6) (10)
’24 (2) (1) (1) (1) (6)
’23 (2) (1) (2) (2) (6)
’22 (2) (3) 0 (1) (7)
’21 (2) (1) (2) (3) (8)
’20 (1) (1) (2) (2) (6)
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 (2) (2) — — —
’25 (1) (2) (2) (6) 9
’24 (2) (1) (1) (1) (5)
’23 (2) (1) (2) (2) (6)
’22 (2) (3) 0 (1) (7)
’21 (2) (1) (2) (3) (8)
’20 (1) (1) (2) (2) (6)
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

3
1Buy 2 3Hold 4 5Sell

Ten 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

All 10 years →

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%)

All 44 Electronic Components stocks →

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

Neonode Inc. (NEON) Latest News

13 May

18 Mar

Impact 4 · · PR Newswire

6 Nov

Impact 3 · · Associated Press FinanceAssociated Press FinanceAssociated Press FinanceMT NewswiresAssociated Press FinanceAssociated Press FinanceAssociated Press FinanceMT Newswires earnings

4 Sep

Impact 3 · · Associated Press Finance

13 Aug

Impact 3 · · Associated Press Finance

3 Jun

24 Mar

Impact 4 · · PR Newswire

21 Mar

13 Nov

stockrow.com/NEON · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com