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Neonode Inc., together with its subsidiaries, provides software solutions for machine perception to detect and track persons and objects in video streams from cameras and other types of imagers in the United States, Japan, South Korea, Germany, Sweden, China, and internationally. It also offers optical sensing solutions for contactless touch, touch, and gesture sensing. In addition, the company licenses its zForce technology to original equipment manufacturers and automotive Tier 1 suppliers, as well as provides non-recurring engineering services related to application development. Further, it provides machine perception solutions. The company serves office equipment, automotive, industrial automation, medical, military, and avionics markets. Neonode Inc. was founded in 1997 and is headquartered in Stockholm, Sweden.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $2M | $8M | $8M | $-10M | 34.4% | -33.7% | -231.3% |
| 2024 | $3M | $-6M | $-6M | $-6M | -39.3% | -18.8% | -36.1% |
| 2023 | $4M | $-6M | $-10M | $-6M | -59.0% | -32.5% | 107.3% |
| 2022 | $6M | $-5M | $-5M | $-7M | -25.1% | - | - |
| 2021 | - | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 5.67 | 3.83 | 3.11 | 2.06 |
| Operating Revenue | - | 5.67 | 3.83 | 3.11 | 2.06 |
| Cost Of Revenue | - | 0.80 | 0.01 | 0.12 | 0.03 |
| Gross Profit | - | 4.87 | 3.82 | 2.99 | 2.04 |
| Operating Expense | - | 10.15 | 9.55 | 9.54 | -5.34 |
| Research And Development | - | 3.96 | 3.83 | 3.44 | 3.78 |
| Selling General And Administration | - | 6.19 | 5.72 | 6.10 | 6.40 |
| Total Expenses | - | 10.96 | 9.57 | 9.65 | -5.31 |
| Operating Income | - | -5.29 | -5.74 | -6.55 | 7.37 |
| Total Operating Income As Reported | - | -5.29 | -5.74 | -6.55 | 7.37 |
| EBITDA | - | -4.77 | -5.58 | -6.41 | 7.71 |
| Normalized EBITDA | - | -4.77 | -5.58 | -6.41 | 7.71 |
| EBIT | - | -5.29 | -5.74 | -6.55 | 7.37 |
| Interest Expense | 0.02 | - | - | - | - |
| Net Interest Income | -0.02 | 0.10 | 0.73 | - | - |
| Other Non Operating Income Expenses | - | 0.02 | 0.74 | 0.69 | 0.66 |
| Other Income Expense | - | 0.02 | 0.74 | 0.69 | 0.66 |
| Interest Expense Non Operating | 0.02 | - | - | - | - |
| Net Non Operating Interest Income Expense | -0.02 | 0.10 | 0.73 | - | - |
| Pretax Income | - | -5.16 | -5 | -5.86 | 8.03 |
| Tax Provision | - | 0.12 | 0.12 | 0.02 | -0.01 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | 0 | 0 | 0 | 0 |
| Net Income Continuous Operations | - | -5.28 | -5.12 | -5.88 | 8.04 |
| Net Income From Continuing And Discontinued Operation | - | -4.88 | -10.12 | -6.47 | 8.49 |
| Net Income From Continuing Operation Net Minority Interest | - | -4.88 | -5.12 | -5.88 | 8.04 |
| Net Income | - | -4.88 | -10.12 | -6.47 | 8.49 |
| Net Income Common Stockholders | - | -4.88 | -10.12 | -6.47 | 8.49 |
| Net Income Including Noncontrolling Interests | - | -5.28 | -10.12 | -6.47 | 8.49 |
| Normalized Income | - | -4.88 | -5.12 | -5.88 | 8.04 |
| Diluted NI Availto Com Stockholders | - | -4.88 | -10.12 | -6.47 | 8.49 |
| Basic Average Shares | - | 13.63 | 15.32 | 15.87 | 16.78 |
| Diluted Average Shares | - | 13.63 | 15.32 | 15.87 | 16.78 |
| Reconciled Depreciation | - | 0.52 | 0.16 | 0.14 | 0.34 |
| Reconciled Cost Of Revenue | - | 0.80 | 0.01 | 0.12 | 0.03 |
| Minority Interests | 0.82 | 0.40 | 0 | - | - |
| Net Income Discontinuous Operations | - | - | -5.01 | -0.59 | 0.46 |
| General And Administrative Expense | - | 4.16 | 3.27 | 3.77 | 4.12 |
| Other Gand A | - | 4.16 | 3.27 | 3.77 | 4.12 |
| Total Other Finance Cost | 0.02 | -0.10 | -0.73 | - | - |
| Other Operating Expenses | - | - | - | - | -15.51 |
| Selling And Marketing Expense | - | 2.03 | 2.46 | 2.33 | 2.27 |
Technology sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Neonode Inc.this co. | NEON | $31M | 3.66 | 1.26 | 34.4% | 0.79 |
| MicroVision, Inc. | MVIS | $143M | -1.50 | 2.57 | -171.0% | -2.08 |
| TTEC Holdings, Inc. | TTEC | $112M | - | 1.17 | -202.5% | - |
| Expensify, Inc. | EXFY | $111M | -5.19 | 0.84 | -16.1% | -5.60 |
| Airship AI Holdings, Inc. | AISP | $108M | 3.69 | -15.13 |
| - |
| - |
| - |
| - |
| -410.1% |
| -14.22 |
| SoundThinking, Inc. | SSTI | $99M | -10.51 | 1.37 | -13.1% | 159.23 |
| CSP Inc. | CSPI | $94M | -1029.32 | 2.10 | -0.2% | -114.33 |
| AudioEye, Inc. | AEYE | $90M | -29.36 | 18.80 | -64.1% | 177.33 |
| zSpace, Inc. | ZSPC | $1M | -0.04 | -0.04 | 112.8% | -0.75 |
| Peer Median | - | -5.19 | 1.27 | -40.1% | -2.08 | |