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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% | - |
| 2024 | $3M | $-6M | $-6M | $-6M | -39.3% | -18.8% | - |
| 2023 | $4M | $-6M | $-10M | $-6M | -59.0% | -32.5% | - |
| 2022 | $6M | $-5M | $-5M | $-7M | -25.1% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total 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 | -5.33 |
| Operating Income | -5.29 | -5.74 | -6.55 | 7.37 |
| EBITDA | -4.77 | -5.58 | -6.41 | 7.71 |
| EBIT | -5.29 | -5.74 | -6.55 | 7.37 |
| Pretax Income | -5.17 | -5 | -5.86 | 8.03 |
| Tax Provision | 0.12 | 0.12 | 0.01 | -0.01 |
| Net Income | -4.88 | -10.12 | -6.47 | 8.49 |
| Net Income Common Stockholders | -4.88 | -10.12 | -6.47 | 8.49 |
| Total Expenses | 10.96 | 9.57 | 9.65 | -5.31 |
| Interest Expense | 0 | 0 | 0 | 0 |
| Research And Development | 3.96 | 3.83 | 3.44 | 3.78 |
| Selling General And Administration | 6.19 | 5.72 | 6.09 | 6.40 |
| Normalized EBITDA | -4.77 | -5.58 | -6.41 | 7.71 |
| Normalized Income | -4.88 | -5.12 | -5.88 | 8.04 |
| Basic EPS | -0.36 | -0.66 | -0.41 | 0 |
| Diluted EPS | -0.36 | -0.66 | -0.41 | 0 |
| Tax Effect Of Unusual Items | 0 | 0 | 0 | 0 |
| Tax Rate For Calcs | 0.23 | 0.23 | 0.23 | 0.23 |
| Net Income From Continuing Operation Net Minority Interest | -4.88 | -5.12 | -5.88 | 8.04 |
| Reconciled Depreciation | 0.52 | 0.16 | 0.14 | 0.34 |
| Reconciled Cost Of Revenue | 0.80 | 0.01 | 0.12 | 0.03 |
| Net Interest Income | 0.10 | 0.73 | 0 | 0 |
| Net Income From Continuing And Discontinued Operation | -4.88 | -10.12 | -6.47 | 8.49 |
| Total Operating Income As Reported | -5.29 | -5.74 | -6.55 | 7.37 |
| Diluted Average Shares | 13.63 | 15.32 | 15.87 | 0 |
| Basic Average Shares | 13.63 | 15.32 | 15.87 | 0 |
| Diluted NI Availto Com Stockholders | -4.88 | -10.12 | -6.47 | 8.49 |
| Minority Interests | 0.40 | 0 | 0 | 0 |
| Net Income Including Noncontrolling Interests | -5.28 | -10.12 | -6.47 | 8.49 |
| Net Income Discontinuous Operations | 0 | -5.01 | -0.59 | 0.46 |
| Net Income Continuous Operations | -5.28 | -5.12 | -5.88 | 8.04 |
| Other Income Expense | 0.02 | 0.74 | 0.69 | 0.66 |
| Other Non Operating Income Expenses | 0.02 | 0.74 | 0.69 | 0.66 |
| Net Non Operating Interest Income Expense | 0.10 | 0.73 | 0 | 0 |
| Total Other Finance Cost | -0.10 | -0.73 | 0 | 0 |
| Interest Expense Non Operating | 0 | 0 | 0 | 0 |
| Other Operating Expenses | 0 | 0 | 0 | -15.51 |
| Selling And Marketing Expense | 2.03 | 2.46 | 2.33 | 2.27 |
| General And Administrative Expense | 4.16 | 3.27 | 3.77 | 4.12 |
| Other Gand A | 4.16 | 3.27 | 3.77 | 4.12 |
| Operating Revenue | 5.67 | 3.83 | 3.11 | 2.06 |
Technology sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Neonode Inc.this co. | NEON | $26M | 3.27↑ premium | 1.07 | 34.4% | -0.11 |
| TTEC Holdings, Inc. | TTEC | $141M | - | 1.49 | -170.5% | 5.74 |
| KULR Technology Group, Inc. | KULR | $111M | - | 0.91 | -50.9% | -2.45 |
| Expensify, Inc. | EXFY | $106M | - | 0.74 | -16.1% | -2.34 |
| SunPower Inc. | SPWR | $105M | - | -1.02 |
| 50.3% |
| -16.16 |
| CSP Inc. | CSPI | $103M | - | 2.29 | -0.2% | -30.63 |
| SoundThinking, Inc. | SSTI | $89M | - | 1.22 | -13.1% | 45.14 |
| Airship AI Holdings, Inc. | AISP | $76M | 2.91 | -10.63 | -410.1% | -9.02 |
| zSpace, Inc. | ZSPC | $1M | - | -0.34 | 112.8% | -0.78 |
| Peer Median | - | 2.91 | 0.82 | -14.6% | -2.40 | |