Neonode Inc.
Business
Neonode Inc. provides software solutions for machine perception and optical sensing technologies embedded in products by OEMs and Tier 1 suppliers. The company licenses its MultiSensing platform for driver and in-cabin monitoring in automotive applications and its zForce platform for touch and gesture sensing in automotive, printers, office equipment, and other markets. Revenue is generated primarily through per-unit licensing fees to customers in automotive and consumer electronics, with non-recurring engineering services supporting customer development.
Summary from 10-K filed 2026-03-18
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Revenues | 2 | 3 | — | — | — | |
| Cost of revenues | 26,000 | 116,000 | 12,000 | 804,000 | 955,000 | |
| Gross margin | 2 | 3 | 4 | 5 | 5 | |
| Research and development | 4 | 3 | 4 | 4 | 4 | |
| Sales and marketing | 2 | 2 | 2 | 2 | 3 | |
| General and administrative | 4 | 4 | 3 | 4 | 6 | |
| Total operating expenses | 10 | 10 | 10 | 10 | 12 | |
| Gain from patent assignment | 19 | 0 | — | — | — | |
| Broker fee from patent assignment | −4 | 0 | — | — | — | |
| Operating income (loss) | 7 | −7 | −6 | −5 | −7 | |
| Other income, net | 657,000 | 687,000 | 736,000 | 121,000 | −15,000 | |
| Income (loss) before provision (benefit) for income taxes | −8 | 6 | −5 | −5 | −7 | |
| Provision (benefit) for income taxes | −9,000 | 15,000 | 115,000 | 118,000 | 146,000 | |
| Income (loss) from continuing operations | 8 | −6 | −5 | — | — | |
| Income (loss) from discontinued operations | 456,000 | −591,000 | — | — | — | |
| Net income (loss) | 9 | −7 | −10 | −5 | −6 | |
| Basic and diluted income (loss) per share from continuing operations (in dollars per share) | 0.48 | −0.37 | −0.33 | — | — | |
| Basic and diluted income (loss) per share from discontinued operations (in dollars per share) | 0.03 | −0.04 | −0.33 | — | — | |
| Basic and diluted net income (loss) per share(a) (in dollars per share) | 0.51 | −0.41 | −0.66 | −0.36 | −0.54 | |
| Basic and diluted weighted average number of common shares outstanding (in shares) | 17 | 16 | 15,322 | 13,632 | 11,907 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 25 | 16 | 16 | 15 | — | |
| Accounts receivable and unbilled revenues, net | 391,000 | 732,000 | 652,000 | — | — | |
| Contract asset | 0 | 51,000 | 0 | — | — | |
| Prepaid expenses and other current assets | 495,000 | 475,000 | 891,000 | 707,000 | 836,000 | |
| Current assets of discontinued operations | 41,000 | 0 | 922,000 | — | — | |
| Total current assets | 26 | 18 | 19 | 21 | 22 | |
| Property and equipment, net | 145,000 | 62,000 | — | — | — | |
| Operating lease right-of-use assets, net | 455,000 | 634,000 | — | 118,000 | 584,000 | |
| Total non-current assets | 600,000 | 696,000 | 394,000 | — | — | |
| Total assets | 27 | 18 | 19 | 21 | 23 | |
| Accounts payable | 464,000 | 229,000 | 400,000 | 334,000 | 776,000 | |
| Accrued payroll and employee benefits | 865,000 | 760,000 | — | — | — | |
| Accrued expenses | 459,000 | 404,000 | 309,000 | 200,000 | 371,000 | |
| Contract liabilities | 37,000 | 0 | 2,000 | 28,000 | 106,000 | |
| Lease liabilities, current, finance | 12,000 | 2,000 | 8,000 | 95,000 | 258,000 | |
| Lease liabilities, current, operating | 344,000 | 225,000 | — | 83,000 | 425,000 | |
| Total current liabilities | 2 | 2 | 2 | 2 | 3 | |
| Lease liabilities, non-current, finance | 15,000 | 0 | 2,000 | 46,000 | 65,000 | |
| Lease liabilities, non-current, operating | 0 | 319,000 | — | 35,000 | 117,000 | |
| Total non-current liabilities | 15,000 | 319,000 | 19,000 | — | — | |
| Total liabilities | 2 | 2 | 2 | 2 | 3 | |
| Commitments and contingencies (Note 8) | — | — | — | — | — | |
| Preferred stock, 1,000,000 shares authorized, with par value of $0.001; no shares issued and outstanding at December 31, 2025 and December 31, 2024, respectively. | 0 | 0 | — | — | — | |
| Common stock, 25,000,000 shares authorized, with par value of $0.001; 16,782,922 and 16,782,922 shares issued and outstanding at December 31, 2025 and December 31, 2024, respectively. | 17,000 | 17,000 | 15,000 | 14,000 | 14,000 | |
| Additional paid-in capital | 241 | 241 | 235 | 227 | 227 | |
| Accumulated other comprehensive loss | −696,000 | −450,000 | −396,000 | — | — | |
| Accumulated deficit | −216 | −224 | −218 | −207 | −203 | |
| Total stockholders equity | 25 | 16 | 17 | 19 | 24 | |
| Total liabilities and stockholders equity | 27 | 18 | 19 | 21 | 23 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Stock-based compensation expense | 0 | 3,000 | 58,000 | 122,000 | 157,000 | |
| Bad debt expense | 0 | 172,000 | — | — | — | |
| Recoveries of bad debt | −140,000 | 0 | — | −46,000 | — | |
| Gain from patent assignment | 19 | 0 | — | — | — | |
| Loss on disposal of assets | 2,000 | 18,000 | — | — | — | |
| Depreciation and amortization | 50,000 | 58,000 | — | 120,000 | 632,000 | |
| Amortization of operating lease right-of-use assets | 286,000 | 79,000 | 65,000 | 399,000 | 505,000 | |
| Inventory impairment loss | 0 | 357,000 | — | — | — | |
| Accounts receivable and unbilled revenues | 494,000 | −51,000 | — | — | — | |
| Inventory | 0 | 223,000 | −395,000 | −1 | −1 | |
| Prepaid expenses and other current assets | 44,000 | 382,000 | −201,000 | 37,000 | — | |
| Accounts payable, accrued payroll and employee benefits, and accrued expenses | 157,000 | −213,000 | 173,000 | −460,000 | −406,000 | |
| Contract liabilities | 37,000 | −10,000 | −26,000 | −65,000 | — | |
| Operating lease obligations | −288,000 | −144,000 | −65,000 | −363,000 | −511,000 | |
| Net cash used in operating activities | −10 | −6 | −6 | −7 | −8 | |
| Purchase of property and equipment | −91,000 | −37,000 | −123,000 | −52,000 | — | |
| Proceeds from patent assignment | 19 | 0 | — | — | — | |
| Proceeds from sale of property and equipment | 0 | 189,000 | — | — | — | |
| Net cash provided by investing activities | 19 | 152,000 | −123,000 | −52,000 | −67,000 | |
| Proceeds from issuance of common stock, net of offering costs | 0 | 6 | 8 | 5 | — | |
| Principal payments on finance lease obligations | −11,000 | −17,000 | −89,000 | −165,000 | — | |
| Net cash provided by (used in) financing activities | −11,000 | 6 | 8 | 5 | 15 | |
| Net change in cash and cash equivalents | 9 | 272,000 | 1 | −3 | 7 | |
| Effect of exchange rate changes on cash and cash equivalents | −102,000 | −67,000 | — | — | — | |
| Cash paid for interest | 0 | 1,000 | 9,000 | 9,000 | 15,000 | |
| Cash paid (received) for income taxes | −9,000 | 15,000 | — | — | — | |
| Property and equipment obtained in exchange for finance lease obligations | 35,000 | 0 | — | 24,000 | — | |
| Right-of-use asset obtained in exchange for lease obligations | 0 | 668,000 | — | — | — |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is Neonode Inc.'s CIK number?
Neonode Inc.'s SEC CIK number is 0000087050 (87050). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find Neonode Inc.'s SEC filings?
All of Neonode Inc.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did Neonode Inc. last report earnings?
Neonode Inc. (NEON) most recently filed an earnings 8-K with the SEC on May 13, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001437749-26-016559). This is Neonode Inc.'s most recent earnings filing of record — not a forecast of its next earnings date.
What is Neonode Inc.'s most recent earnings 8-K?
Neonode Inc.'s latest earnings 8-K (Item 2.02) was filed May 13, 2026 under accession 0001437749-26-016559. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View Neonode Inc.'s latest earnings 8-K →
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