NEON on Nasdaq

Neonode

Swedish telecommunications company based in Stockholm, founded in 20081

In its 2026 annual report the company says: “Neonode provides software solutions for machine perception that feature advanced machine learning algorithms to detect and track persons and objects in video streams from cameras and other types of imagers. We market and sell our solutions to customers mainly in the automotive market.”5

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Last updated Oct 20, 2026.

Overview

2008Founded1

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  • TickerNEON on Nasdaq1
  • Industrytelecommunications1
  • HeadquartersStockholm1
  • Websitewww.neonode.com
  • Legal formpublic company1
  • Incorporated inDE3
  • Business addressKarlavagen 100, 115 26, Stockholm3
  • Filer categoryNon-accelerated filer, Smaller reporting company3

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Neonode provides software solutions for machine perception that feature advanced machine learning algorithms to detect and track persons and objects in video streams from cameras and other types of imagers. We base our machine perception solutions on our MultiSensing® technology platform. We market and sell our solutions to customers mainly in the automotive market. However, our solution can also be used in many other markets, and we plan to expand our solutions into new markets in the future.5 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

98.7%Gross margin6
357.5%Operating margin6
411.9%Net margin6
-33.7%Revenue growth, 20256
34.4%Return on equity6
-$10.3MFree cash flow6

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

License fees brought in 88% of the revenue Neonode broke down this way in fiscal 2025.

  1. License fees$1.8M688%down 32% from 2024
  2. Non-recurring Engineering$240.0K612%down 43% from 2024
Products and services by year
Products and services20242025
License fees$2.7M$1.8M
Non-recurring Engineering$421.0K$240.0K

Regions

Japan brought in 51% of the revenue Neonode broke down this way in fiscal 2025.

  1. Japan$1.3M651%down 26% from 2024
  2. North America$425.0K617%down 44% from 2024
  3. United States$425.0K617%down 44% from 2024
  4. Sweden$300.0K612%down 18% from 2024
  5. DEMember$42.0K62%down 64% from 2024
  6. [Canada]$16.0K61%down 84% from 2024
  7. Other Foreign Countries$2.0K60%down 60% from 2024
  8. South Korea$1.0K60%down 97% from 2024
Regions by year
Regions20242025
Japan$1.7M$1.3M
North America$763.0K$425.0K
United States$763.0K$425.0K
Sweden$365.0K$300.0K
DEMember$116.0K$42.0K
[Canada]$97.0K$16.0K
Other Foreign Countries$5.0K$2.0K
South Korea$31.0K$1.0K

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue0¢$26.0K
  • Research and development31¢$3.8M
  • Income tax0¢$9.0K
  • Profit69¢$8.5M

Out of $2.1M in revenue.6

Financial statements

Revenue78910116$2.1M in 2025−69% since 2019
0$2.0M$4.0M$6.0M$8.0M2019: $6.6M$6.6M20192020: $6.0M$6.0M2020−10%2021: $5.8M$5.8M2021−2%2022: $5.7M$5.7M2022−3%2023: $3.8M$3.8M2023−32%2024: $3.1M$3.1M2024−19%2025: $2.1M$2.1M2025−34%
Gross profit78910116$2.0M in 2025−66% since 2019
0$2.0M$4.0M$6.0M2019: $6.0M$6.0M20192020: $4.9M$4.9M2020−18%2021: $4.9M$4.9M2021−1%2022: $4.9M$4.9M2022−0%2023: $3.8M$3.8M2023−22%2024: $3.0M$3.0M2024−22%2025: $2.0M$2.0M2025−32%
Operating income78910116$7.4M in 2025
-$10.0M-$5.0M0$5.0M$10.0M2019: -$5.7M-$5.7M20192020: -$6.2M-$6.2M2020+8%2021: -$7.1M-$7.1M2021+15%2022: -$5.3M-$5.3M2022−26%2023: -$5.7M-$5.7M2023+9%2024: -$6.5M-$6.5M2024+14%2025: $7.4M$7.4M2025
Net income78910116$8.5M in 2025
-$15.0M-$10.0M-$5.0M0$5.0M$10.0M2019: -$5.3M-$5.3M20192020: -$6.3M-$6.3M2020+19%2021: -$6.5M-$6.5M2021+3%2022: -$4.9M-$4.9M2022−24%2023: -$10.1M-$10.1M2023+107%2024: -$6.5M-$6.5M2024−36%2025: $8.5M$8.5M2025

Every line of the income statement as filed: the last 2 fiscal years, latest first.6

Period ending2025-12-312024-12-31
Revenues$2.1M$3.1M
Cost of revenues$26.0K$116.0K
Gross margin$2.0M$3.0M
Research and development$3.8M$3.4M
Sales and marketing$2.3M$2.3M
General and administrative$4.1M$3.8M
Total operating expenses$10.2M$9.5M
Gain from patent assignment$19.4M$0
Broker fee from patent assignment-$3.9M$0
Operating income (loss)$7.4M-$6.5M
Other income, net$657.0K$687.0K
Income (loss) before provision (benefit) for income taxes-$8.0M$5.9M
Provision (benefit) for income taxes-$9.0K$15.0K
Income (loss) from continuing operations$8.0M-$5.9M
Income (loss) from discontinued operations$456.0K-$591.0K
Net income (loss)$8.5M-$6.5M
Basic and diluted income (loss) per share from continuing operations (in dollars per share)$0-$0
Basic and diluted income (loss) per share from discontinued operations (in dollars per share)$0-$0
Basic and diluted net income (loss) per share(a) (in dollars per share)$0.51-$0.41
Basic and diluted weighted average number of common shares outstanding (in shares)16.8M shares15.9M shares

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Corporate structure

Neonode sits at the top of its group. 4 entities, 3 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Neonode

  • Avanza Pension Forsakringsaktiebolaget Filed SCHEDULE 13G/A on Neonode, latest Sep 8, 2025 (15 filings since Oct 7, 2021)
  • Peter Lindell Filed SC 13D/A on Neonode, latest Nov 17, 2021
  • AWM Investment Company, Inc. Filed SC 13G/A on Neonode, latest Oct 8, 2021
  • Neonode Stockholm
    • Neonode Japan Inc. Subsidiary · Japan
    • Neonode Korea Ltd. Subsidiary · South Korea
    • Neonode Technologies AB Subsidiary · Sweden

Built from subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Neonode reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Accumulated depreciation$270.0K6 Dec 31, 2025$236.0K6 Dec 31, 2024+14.4%
Property and equipment, net$145.0K6 Dec 31, 2025$62.0K6 Dec 31, 2024+133.9%
Finance-lease assets$54.0K6 Dec 31, 2025$21.0K6 Dec 31, 2024+157.1%
Operating-lease assets (leased space)$455.0K6 Dec 31, 2025$634.0K6 Dec 31, 2024−28.2%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$25.4M6 Dec 31, 2025$16.4M6 Dec 31, 2024+54.4%

Properties, in its own words

As of December 31, 2025, we leased office facilities of approximately 6,700 square feet for our corporate headquarters in Stockholm.

We believe our facilities are adequate and suitable for our current needs and that suitable additional or alternative space will be available to accommodate our operations if needed.

Item 2 of the 10-K filed Mar 18, 2026.5

Leadership

Who has led Neonode, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. William B. Heye Jr.2003–2004
  2. Daniel Grey2005–2006
  3. Kenneth Gregory Yamamoto2006–2007
  4. Mikael Hagman2007–2008
  5. Bjorn Thomas Eriksson2010–2016
  6. Hakan Persson2018–2019
  7. Urban Forssell2020–2021
  8. Pierre Daniel Alexus2025–now

Chair

  1. Per Ivar Gosta Bystedt2013–2015

President

  1. William B. Heye Jr.2003–2004
  2. Daniel Grey2005–2006
  3. Kenneth Gregory Yamamoto2006–2007
  4. Mikael Hagman2007–2008
  5. Bjorn Thomas Eriksson2015–2016

Chief financial officer

  1. David W. Brunton2004–2013
  2. Lars Goran Lindqvist2014–2019
  3. Maria Anne-Lee Charlotte Ek2019
  4. Fredrik Nihlen2021
20052010201520202025
Board members and other officers (35)

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

  • Neonode Japan Inc. Japan4
  • Neonode Korea Ltd. South Korea4
  • Neonode Technologies AB Sweden4

The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Former names

  • Neonode, IncAug 13, 2007 to May 25, 20183
  • SBE INCFeb 14, 1994 to Aug 13, 20073

Timeline

  1. Aug 12, 20268-K Results of operations59
  2. Aug 7, 20268-K Listing notice or transfer60
  3. Jun 17, 20268-K Shareholder vote61
  4. May 13, 20268-K Results of operations62
  5. Mar 18, 20268-K Results of operations63
  6. Nov 6, 20258-K Results of operations64
  7. Sep 3, 20258-K Regulation FD disclosure65
  8. Aug 13, 20258-K Results of operations66
  9. Jul 3, 20258-K Shareholder vote67
  10. Jun 26, 20258-K Regulation FD disclosure68
  11. Jun 12, 20258-K Regulation FD disclosure69
  12. May 14, 20258-K Results of operations70
  13. Apr 14, 2025New chief executive Pierre Daniel Alexus becomes CEO14
  14. Jan 10, 2020New chief executive Urban Forssell becomes CEO15
  15. Apr 10, 2018New chief executive Hakan Persson becomes CEO16
  16. Oct 20, 2010New chief executive Bjorn Thomas Eriksson becomes CEO17
  17. 2008Founded Founded1
  18. Aug 20, 2007New chief executive Mikael Hagman becomes CEO18
  19. Mar 16, 2006New chief executive Kenneth Gregory Yamamoto becomes CEO19
  20. Jan 4, 2005New chief executive Daniel Grey becomes CEO20
  21. Sep 26, 2003New chief executive William B. Heye Jr. becomes CEO21
  22. Mar 3, 1992Went public Listed on NASDAQ1

Calendar

Coming up

  1. Nov 5, 2026Reports results for the quarter ending Sep/202671

When it reported results

  1. Aug 12, 2026Reported quarterly or annual results59
  2. May 13, 2026Reported quarterly or annual results62
  3. Mar 18, 2026Reported quarterly or annual results63
  4. Nov 6, 2025Reported quarterly or annual results64
  5. Aug 13, 2025Reported quarterly or annual results66
  6. May 14, 2025Reported quarterly or annual results70
  7. Mar 21, 2025Reported quarterly or annual results72
  8. Nov 6, 2024Reported quarterly or annual results73

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

118 filings to the SEC since October 2021: 6 annual reports, 15 quarterly reports, 47 major events, 9 insider forms, 17 large holders, 24 other. The latest 20:

  1. Aug 12, 202610-Q EDGAR
  2. Aug 12, 20268-K EDGAR
  3. Aug 7, 20268-K EDGAR
  4. Jun 17, 20268-K EDGAR
  5. May 13, 202610-Q EDGAR
  6. May 13, 20268-K EDGAR
  7. Apr 30, 2026DEFA14A EDGAR
  8. Apr 30, 2026DEF 14A EDGAR
  9. Mar 18, 202610-K EDGAR
  10. Mar 18, 20268-K EDGAR
  11. Nov 6, 202510-Q EDGAR
  12. Nov 6, 20258-K EDGAR
  13. Sep 8, 2025SCHEDULE 13G/A EDGAR
  14. Sep 3, 20258-K CURRENT REPORT EDGAR
  15. Aug 13, 202510-Q QUARTERLY REPORT EDGAR
  16. Aug 13, 20258-K CURRENT REPORT EDGAR
  17. Jul 3, 20258-K CURRENT REPORT EDGAR
  18. Jun 26, 20258-K CURRENT REPORT EDGAR
  19. Jun 12, 20258-K CURRENT REPORT EDGAR
  20. May 14, 202510-Q QUARTERLY REPORT EDGAR

The 118 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

  • Avanza Pension ForsakringsaktiebolagetSCHEDULE 13G/A, 15 filings Oct 7, 2021 to Sep 8, 202574
  • Peter LindellSC 13D/A, 1 filing Nov 17, 202175
  • AWM Investment Company, Inc.SC 13G/A, 1 filing Oct 8, 202176

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

YearExecutiveAgeSalaryTotal pay
2025Fredrik Nihlén$194.5K$246.7K77
2025Pierre Daniel Alexus$170.3K$213.0K77
2025Urban Forssell$97.4K$117.2K77
2024Former ChiefExecutive Officer$224.4K$281.1K77
2024Former Interim President and Chief Executive OfficerChief Financial Officer$188.3K$248.0K77

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 50. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
Two Sigma Investments, LP313,110$294.6K0.0%−52,901
BlackRock, Inc.200,284$188.5K0.0%−602,907
Jane Street Group, LLC185,355$174.4K0.0%New
Geode Capital Management, LLC142,006$133.7K0.0%−170,770
Morgan Stanley140,118$131.9K0.0%−36,159
Vanguard Capital Management LLC134,812$126.9K0.0%No change
Millennium Management LLC127,163$119.7K0.0%New
Squarepoint Ops LLC90,766$85.4K0.0%+70,044
Susquehanna International Group, Llp73,368$69.0K0.0%−52,555
Vanguard Fiduciary Trust Co61,214$57.6K0.0%−10,000
State Street Corp57,711$54.3K0.0%−171,553
Goldman Sachs Group Inc40,801$38.4K0.0%−4,834
Northern Trust Corp38,211$36.0K0.0%−55,624
Russell Investments Group, Ltd.35,644$33.5K0.0%+13,443
Renaissance Technologies LLC31,168$29.3K0.0%−16,535
Aqr Capital Management LLC25,224$23.7K0.0%+3,303
XTX Topco Ltd23,724$22.3K0.0%−14,321
Citadel Advisors LLC23,425$22.0K0.0%−17,524
Qube Research & Technologies Ltd20,631$19.4K0.0%New
Jain Global LLC16,817$15.8K0.0%New
Simplex Trading, LLC11,049$10.4K0.0%+7,100
Centiva Capital, LP10,629$10.0K0.0%−6,127
UBS Group AG8,956$8.4K0.0%+3,822
Rhumbline Advisers5,305$5.0K0.0%−7,145
Vanguard Global Advisers, LLC5,138$4.8K0.0%No change

13F reports cover disclosed long positions in U.S. stocks only.

SEC filer profile

How Neonode is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARNeonode Inc.2
  • CIK0000087050
  • Employer ID (EIN)94-15176415
  • Filer statusNon-accelerated filer not an emerging growth company; a smaller reporting company; not a shell company5
  • Incorporated inDelaware5
  • Fiscal year endsDecember 312
  • Industry code (SIC)3679 Electronic Components, NEC2
  • SEC reviewing officeOffice of Manufacturing, Division of Corporation Finance2
  • Business addressKarlavagen 100, 115 26, Stockholm, Sweden2
  • Phone46 0 8 667 17 172
  • Shares outstanding16,782,922 as of Aug 10, 202613
  • Public float$334.4M as of Jun 30, 20255
  • AuditorCrowe LLP, New York, New York PCAOB ID 173; no auditor attestation of internal control over financial reporting5
  • On EDGAR sinceFeb 14, 19942
  • Filings1,046 in all: 4 (288), 8-K (227), 10-Q (95), SC 13G/A (53), 3 (34), DEF 14A (33), 10-K (30), DEFA14A (26)2
    All 48 form types

    UPLOAD (23), CORRESP (18), S-8 (17), SC 13G (17), 8-K/A (15), S-3 (15), SC 13D/A (15), 4/A (12), PRE 14A (12), EFFECT (11), PRER14A (11), S-3/A (8), SC 13D (8), 10-Q/A (7), 5 (7), D (7), 3/A (6), 424B5 (6), 10-K/A (4), ARS (4), DEF 14C (4), NT 10-Q (4), SD (4), REGDEX (3), S-8 POS (3), 424B3 (2), NT 10-K (2), PRE 14C (2), PREM14A (2), 10-K405 (1), 25-NSE (1), 8-A12B (1), CERTNAS (1), DEFM14A (1), DEFR14A (1), DEFS14A (1), FWP (1), PRER14C (1), S-3MEF (1), SCHEDULE 13G/A (1)

  • Latest filingsAnnual report (10-K) Mar 18, 2026
    Quarterly report (10-Q) Aug 12, 2026
    Proxy statement (DEF 14A) Apr 30, 2026
    Latest 8-K (8-K) Aug 12, 2026

Securities registered for trading

ClassSymbolExchange
Common Stock, par value $0.001 per shareNEONNasdaq

From the cover page of the 10-K filed Mar 18, 2026 (Section 12(b) of the Exchange Act).5

Risk factors and legal proceedings

The risks Neonode names in Item 1A of its 10-K filed Mar 18, 2026: 27 risks under these headings, as written.5

  • Risks Related to Our Business
  • We have had a history of losses and may require additional capital to fund our operations, which may not be available to us on commercially attractive terms or at all.
  • We are dependent on a limited number of customers.
  • We rely on the ability of our customers to design, manufacture and sell their products that incorporate our touch technology.
  • The length of a customer’s product development and release cycle depends on many factors outside of our control and any delays could cause us to incur significant expenses without offsetting revenues, or revenues that vary significantly from quarter to quarter.
  • Our license customers rely upon component suppliers to manufacture and sell products containing our technology and limited availability of components may adversely affect our and our customers’ businesses.
  • It can be difficult for us to verify royalty amounts owed to us under licensing agreements, and this may cause us to lose potential revenue.
  • If we fail to develop and introduce new technology successfully, and in a cost-effective and timely manner, we will not be able to compete effectively and our ability to generate revenues will suffer.
  • Our operating results may fluctuate significantly as a result of a variety of factors, many of which are outside of our control.
  • We must enhance our sales and technology development organizations. If we are unable to identify, hire, or retain qualified sales, marketing, and technical personnel, our ability to achieve future revenue may be adversely affected.
  • We may make acquisitions and strategic investments that are dilutive to existing stockholders, result in unanticipated accounting charges or otherwise adversely affect our results of operations.
  • We are dependent on the services of our key personnel.
The other 16 risks
  • If we are unable to obtain and maintain patent or other intellectual property protection for any products we develop or for our technologies, or if the scope of the patents and other intellectual property protection obtained is not sufficiently broad, our competitors could develop and commercialize products and technologies similar or identical to ours, and our ability to successfully commercialize any products we may develop, and our technologies, may be harmed.
  • We may not be successful in our strategic efforts around patent monetization.
  • If third parties infringe upon our intellectual property, we may expend significant resources enforcing our rights or suffer competitive injury.
  • The laws of certain foreign countries may not provide sufficient protection of our intellectual property rights to the same extent as the laws of the United States, which may make it more difficult for us to protect our intellectual property.
  • We have an international presence in countries and must manage currency risks.
  • We have concentration of cash balance at various banks in the United States, Japan and Sweden.
  • Security breaches and other disruptions to our information technology infrastructure could interfere with our operations, compromise confidential information, and expose us to liability which could materially adversely impact our business and reputation.
  • Third parties that maintain our confidential and proprietary information could experience a cybersecurity incident.
  • While we have identified material weaknesses in our internal control, if we are unable to detect additional material weaknesses in our internal control, our financial reporting and our business may be adversely affected.
  • We have identified material weaknesses in our internal control over financial reporting. If we are unable to remediate these material weaknesses, or if we identify additional material weaknesses in the future or otherwise fail to maintain an effective system of internal controls, we may not be able to accurately or timely report our financial condition or results of operations.
  • Risks Related to Owning Our Stock
  • Future sales of our common stock by us or our insiders could adversely affect the trading price of our common stock and dilute your investment.
  • We currently have fewer than 300 stockholders of record and, therefore, are eligible to terminate the registration of our common stock under the Exchange Act and cease being a U.S. public company with reporting obligations.
  • Our stock price has been volatile, and your investment in our common stock could suffer a decline in value.
  • A limited number of stockholders, including directors, hold a significant number of shares of our outstanding common stock.
  • Our certificate of incorporation and bylaws and the Delaware General Corporation Law contain provisions that could delay or prevent a change in control.
  • If securities analysts do not publish research or if securities analysts or other third parties publish inaccurate or unfavorable research about us, the price of our common stock could decline.

Legal proceedings

We are not a party to any pending legal proceedings. From time to time, we may become subject to legal proceedings, claims, and litigation arising in the ordinary course of business, including, but not limited to, employee, customer and vendor disputes.

The opening of Item 3, Legal Proceedings.5

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