Neonode Inc.
Description
Neonode Inc., together with its subsidiaries, develops optical sensing solutions for contactless touch, touch, and gesture sensing in the United States, Japan, South Korea, Germany, Switzerland, France, Sweden, China, and internationally. It also offers software solutions for machine perception to detect and track persons and objects in video streams from cameras and other types of imagers. In addition, the company sells touch sensor modules to OEMs, original design manufacturers, and systems integrators. Further, it 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. It serves office equipment, automotive, industrial automation, medical, military, and avionics markets. Neonode Inc. was incorporated in 1997 and is headquartered in Stockholm, Sweden.
About
CEO
Mr. Fredrik Nihlen
Employees
49
Instrument type
Common Stock
Sector
Technology
Industry
Electronic Components
MIC code
XNCM
Address
Karlavägen 100, Stockholm, 115 26, Sweden
×
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Oscillators
No data available
Summary
No data available
Moving Averages
No data available
Earnings
| Date | Estimate EPS | Actual EPS | Difference | % Surprise |
|---|---|---|---|---|
| Nov 6, 2024 | -0.12 | -0.07 | 0.05 | -41.67% |
| May 11, 2023 | — | -0.09 | — | — |
| Mar 9, 2023 | — | -0.08 | — | — |
| Nov 10, 2022 | — | -0.06 | — | — |
| Aug 11, 2022 | — | -0.11 | — | — |
Earnings estimate
|
Next Quarter
(Mar 2025)
|
Next Year
(Dec 2025)
|
|||
|---|---|---|---|---|
| Number of analysts | — | 1 | — | 1 |
| Average estimate | — | -0.12 | — | -0.46 |
| Low estimate | — | -0.12 | — | -0.46 |
| High estimate | — | -0.12 | — | -0.46 |
| Last year EPS | — | — | — | -0.42 |
[stock_revenue_estimate]
Growth estimates
Current qtr
—
Next qtr. (Mar 2025)
—
Current year
—
Next year (Dec 2025)
-9.520%
Next 5 years (per annum)
—
Past 5 years (per annum)
—
Income statement
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total reported revenue | 4.45M | 5.67M | 5.84M | 5.98M | 6.65M |
| Cost of revenue | 4.54M | 804,000 | 955,000 | 1.08M | 683,000 |
| Gross profit | -93,000 | 4.87M | 4.88M | 4.91M | 5.96M |
| Operating expense | |||||
| Research & development | 3.83M | 3.96M | 3.55M | 4.14M | 5.24M |
| Selling general and admin | 6.82M | 6.19M | 8.44M | 6.96M | 6.45M |
| Other operating expenses | — | — | — | — | — |
| Operating income | -10.74M | -5.29M | -7.11M | -6.19M | -5.73M |
| Non operating interest income | |||||
| Income | — | — | — | — | — |
| Expense | — | — | 15,000 | 27,000 | 34,000 |
| Other income expense | 6,000 | 21,000 | — | -5,000 | — |
| Pretax income | -10.01M | -5.17M | -7.12M | -6.22M | -5.76M |
| Tax provision | 115,000 | 118,000 | 146,000 | 59,000 | 38,000 |
| Net income | -10.12M | -5.28M | -7.27M | -6.28M | -5.80M |
| Basic EPS | -0.66 | -0.36 | -0.54 | -0.56 | -0.60 |
| Diluted EPS | -0.66 | -0.36 | -0.54 | -0.56 | -0.60 |
| Basic average shares | 15.32M | 13.63M | 11.91M | 9.99M | 8.84M |
| Diluted average shares | 15.32M | 13.63M | 11.91M | 9.99M | 8.84M |
| EBITDA | -10.58M | -4.77M | -5.97M | -5.02M | -4.47M |
| Net income from continuing op. | -10.12M | -5.28M | -7.27M | -6.28M | -5.80M |
| Minority interests | — | 400,000 | 818,000 | 677,000 | 504,000 |
| Preferred stock dividends | — | — | — | — | — |
Balance sheet
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total assets | 19.01M | 21.20M | 22.99M | 16.57M | 7.44M |
| Current assets | |||||
| Cash | 16.16M | 14.82M | 17.38M | 10.47M | 2.36M |
| Cash equivalents | — | — | — | — | — |
| Cash and cash equivalents | 16.16M | 14.82M | 17.38M | 10.47M | 2.36M |
| Other short term investments | — | — | — | — | — |
| Accounts receivable | 917,000 | 1.45M | 1.29M | 1.74M | 1.32M |
| Other receivables | — | — | — | — | — |
| Inventory | 610,000 | 3.83M | 2.52M | 1.27M | 1.03M |
| Prepaid assets | 222,000 | 231,000 | 236,000 | 525,000 | 278,000 |
| Restricted cash | — | — | — | — | — |
| Assets held for sale | — | — | — | — | — |
| Hedging assets | — | — | — | — | — |
| Other current assets | 306,000 | 179,000 | 255,000 | 203,000 | 234,000 |
| Non current assets | |||||
| Properties | 2.79M | 2.76M | 4.05M | 4.73M | 3.76M |
| Land and improvements | — | — | — | — | — |
| Machinery furniture equipment | 1.51M | 1.34M | 1.48M | 1.59M | 1.41M |
| Construction in progress | — | — | — | — | — |
| Leases | — | — | — | — | — |
| Accumulated depreciation | -3.91M | -3.69M | -4.57M | -4.39M | -3.17M |
| Goodwill | — | — | — | — | — |
| Investment properties | — | — | — | — | — |
| Financial assets | — | — | — | — | — |
| Intangible assets | — | — | — | — | — |
| Investments and advances | — | — | — | — | 3,000 |
| Other non current assets | — | — | — | — | — |
| Total liabilities | 1.85M | 1.78M | 3.16M | 4.68M | 3.59M |
| Current liabilities | |||||
| Accounts payable | 440,000 | 334,000 | 776,000 | 1.08M | 555,000 |
| Accrued expenses | 1.30M | 1.15M | 1.41M | 1.72M | 1.50M |
| Short term debt | 87,000 | 178,000 | 683,000 | 1.27M | 900,000 |
| Deferred revenue | 10,000 | 36,000 | 106,000 | 138,000 | 67,000 |
| Tax payable | — | — | — | — | — |
| Pensions | — | — | — | — | — |
| Other current liabilities | — | — | — | — | — |
| Non current liabilities | |||||
| Long term debt | 19,000 | 81,000 | 182,000 | 472,000 | 566,000 |
| Provision for risks and charges | — | — | — | — | — |
| Deferred liabilities | — | — | — | — | — |
| Derivative product liabilities | — | — | — | — | — |
| Other non current liabilities | — | — | — | — | — |
| Shareholders equity | |||||
| Common stock | 15,000 | 14,000 | 14,000 | 12,000 | 9,000 |
| Retained earnings | -217.61M | -207.49M | -202.61M | -196.16M | -190.52M |
| Other shareholders equity | -396,000 | -340,000 | -408,000 | -404,000 | -639,000 |
| Total shareholders equity | 17.16M | 19.42M | 19.84M | 11.89M | 3.85M |
| Additional paid in capital | 235.16M | 227.24M | 226.88M | 211.66M | 197.54M |
| Treasury stock | — | — | — | — | — |
| Minority interest | — | — | -4.04M | -3.22M | -2.55M |
Cash flow statement
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 | 1994 | 1993 | 1992 | 1991 | 1990 | 1989 | 1988 | 1987 | 1986 | 1985 | 1984 | 1983 | 1982 | 1980 | 1979 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||||||||||||||||||||||||||||||||
| Net Income | -10.12M | -5.28M | -7.27M | -6.28M | -5.80M | -3.94M | -5.50M | -5.65M | -7.84M | -14.23M | -13.08M | -9.29M | -17.15M | -31.63M | -14.92M | -5.93M | -48.44M | -16.18M | -4.23M | -1.68M | 563,000 | -1.73M | -9.90M | 3.97M | -300,000 | 200,000 | 3.30M | -9.60M | -4.60M | 1.30M | 2.50M | 2.60M | 1.30M | 1.90M | — | — | — | — | — | — | — | — | — | — |
| Depreciation | 160,000 | 519,000 | 1.14M | 1.17M | 1.26M | 1.01M | 953,000 | 360,000 | 187,000 | 202,000 | 144,000 | 97,000 | 26,000 | 11,000 | 8,000 | 339,000 | 298,000 | 3.88M | 1.24M | 829,000 | 443,000 | 730,000 | 1.08M | 962,000 | 800,000 | 1.10M | 1.10M | 1.70M | 1.30M | 1.10M | 1.10M | 1.30M | 1.10M | 1.00M | — | — | — | — | — | — | — | — | — | — |
| Deferred Taxes | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 200,000 | 100,000 | -300,000 | — | — | — | — | — | — | — | — | — | — | — | — |
| Stock-Based Compensation | 58,000 | 122,000 | 157,000 | 77,000 | — | 29,000 | 72,000 | 255,000 | 1.08M | 1.73M | 2.66M | 3.50M | 550,000 | 5.43M | 6.79M | 1.16M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Non-Cash Items | — | — | — | — | — | — | — | 255,000 | 1.08M | 1.73M | 2.66M | 3.50M | 14.74M | 20.61M | 2.88M | -3.12M | 36.91M | 8.62M | -135,000 | -68,000 | — | — | — | — | 100,000 | 100,000 | — | — | 200,000 | — | — | 100,000 | — | 200,000 | — | — | — | — | — | — | — | — | — | — |
| Accounts Receivable | 539,000 | -136,000 | 434,000 | -394,000 | 397,000 | 481,000 | 542,000 | -204,000 | -239,000 | -304,000 | 1.16M | 1.25M | -3.23M | -146,000 | -52,000 | 870,000 | -1.32M | 625,000 | 113,000 | 150,000 | -930,000 | -128,000 | 3.54M | -808,000 | 400,000 | -1.00M | -700,000 | 1.30M | 100,000 | — | -100,000 | — | -1.30M | 400,000 | — | — | — | — | — | — | — | — | — | — |
| Accounts Payable | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Assets & Liabilities | -486,000 | -1.56M | -1.98M | -399,000 | -325,000 | -1.04M | -1.05M | -132,000 | -1.89M | 64,000 | 1.14M | 1.57M | 1.37M | 1.08M | -28,000 | -845,000 | -4.07M | 939,000 | 440,000 | -74,000 | -106,000 | -2.13M | 3.94M | -1.89M | 500,000 | -2.10M | 2.10M | 2.40M | -2.10M | -500,000 | 100,000 | 700,000 | -700,000 | 100,000 | — | — | — | — | — | — | — | — | — | — |
| Operating Cash Flow | -9.85M | -6.34M | -7.52M | -5.83M | -4.47M | -3.46M | -4.98M | -5.12M | -7.62M | -10.81M | -5.33M | 631,000 | -3.70M | -4.64M | -5.32M | -7.52M | -16.62M | -2.12M | -2.57M | -842,000 | -30,000 | -3.26M | -1.34M | 2.23M | 1.50M | -1.70M | 5.80M | -4.20M | -5.10M | 2.10M | 3.70M | 4.40M | 400,000 | 3.60M | — | — | — | — | — | — | — | — | — | — |
| Investing Activities | ||||||||||||||||||||||||||||||||||||||||||||
| Capital Expenditures | -123,000 | -52,000 | -67,000 | -60,000 | -89,000 | -232,000 | -656,000 | -982,000 | -198,000 | -108,000 | -155,000 | -310,000 | -114,000 | -14,000 | -27,000 | -173,000 | -437,000 | -216,000 | -337,000 | -87,000 | -172,000 | -149,000 | -295,000 | -1.32M | -900,000 | -1.00M | 1.30M | -400,000 | -1.80M | -1.00M | -1.70M | -1.40M | -1.10M | -900,000 | — | — | — | — | — | — | — | — | — | — |
| Net Intangibles | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Net Acquisitions | — | — | — | 2,000 | — | — | — | -3,000 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Purchase of Investments | — | — | — | — | — | — | — | -3,000 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | -300,000 | -1.20M | -300,000 | -4.80M | — | — | — | — | — | — | — | — | — | — | — | — |
| Sale of Investments | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 5.90M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Investing Cash Flow | -123,000 | -52,000 | -67,000 | -58,000 | -89,000 | -232,000 | -656,000 | -988,000 | -198,000 | -108,000 | -155,000 | -310,000 | -114,000 | -14,000 | -27,000 | -173,000 | -437,000 | -216,000 | -903,000 | -223,000 | -1.09M | -254,000 | -305,000 | -1.50M | -1.10M | -1.20M | 1.30M | -400,000 | 2.40M | -2.20M | -2.00M | -6.20M | -1.10M | -900,000 | — | — | — | — | — | — | — | — | — | — |
| Financing Activities | ||||||||||||||||||||||||||||||||||||||||||||
| Long-Term Debt Issuance | — | — | — | — | — | — | — | — | — | — | — | — | 4.23M | 1.60M | 908,000 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Long-Term Debt Payments | -89,000 | -165,000 | -487,000 | -837,000 | -535,000 | -551,000 | -2.15M | -116,000 | -57,000 | -34,000 | — | — | -25,000 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Financing Charges | — | — | — | -15,000 | — | — | — | -116,000 | 3,000 | -34,000 | — | — | — | — | -46,000 | 4.58M | -5.30M | — | — | -1,000 | — | — | — | — | — | — | — | — | — | -200,000 | 100,000 | 100,000 | — | — | — | — | — | — | — | — | — | — | — | — |
| Financing Cash Flow | 7.78M | 4.51M | 14.58M | 13.10M | -499,000 | 4.07M | 6.93M | 7.68M | 5.37M | 9.19M | 6.89M | — | 19.19M | 5.62M | 1.90M | 14.35M | -5.09M | 37,000 | 5.11M | 452,000 | 698,000 | 895,000 | 160,000 | 1.13M | — | 200,000 | 600,000 | 1.50M | 300,000 | — | 500,000 | 400,000 | 100,000 | — | — | — | — | — | — | — | — | — | — | — |
| Other Cash Details | ||||||||||||||||||||||||||||||||||||||||||||
| End Cash Position | 16.16M | 14.82M | 17.38M | 10.47M | 2.36M | 6.56M | 5.80M | 3.48M | 3.08M | 6.13M | 8.82M | 9.10M | 12.94M | 911,000 | 28,000 | 17,000 | 1.15M | 1.15M | 3.63M | 1.85M | 1.38M | 1.58M | 3.64M | 5.31M | 3.40M | 3.60M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Income Tax Paid | 115,000 | 132,000 | 146,000 | 59,000 | 38,000 | 13,000 | 219,000 | 367,000 | 93,000 | 5,000 | 109,000 | 125,000 | 78,000 | 45,000 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Interest Paid | 9,000 | 9,000 | 15,000 | 27,000 | 34,000 | 49,000 | 73,000 | 48,000 | 18,000 | 14,000 | — | — | 27,000 | 180,000 | 32,000 | 121,000 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Free Cash Flow | -6.43M | -6.86M | -7.75M | -5.81M | -3.61M | -3.10M | -6.24M | -7.24M | -8.26M | -11.94M | -8.96M | -4.05M | -3.57M | -3.21M | -1.93M | -15.51M | -11.12M | -2.52M | -2.76M | -227,000 | -256,000 | -2.85M | -1.82M | 974,000 | 100,000 | -2.40M | 4.30M | -3.30M | -6.20M | 1.40M | 1.90M | 3.00M | -600,000 | 2.50M | — | — | — | — | — | — | — | — | — | — |
Top Institutional Holders
| Holder | Date Reported | Shares | Value | % Held |
|---|---|---|---|---|
| Vanguard Extended Market Index Fund | Sep 30, 2024 | 139,362 | 1.29M | 0.83% |
| Fidelity Extended Market Index Fund | Nov 30, 2024 | 65,359 | 606,531 | 0.39% |
| iShares Micro Cap ETF | Nov 30, 2024 | 26,988 | 250,448 | 0.16% |
| Fidelity Total Market Index Fund | Nov 30, 2024 | 20,864 | 193,617 | 0.12% |
| Fidelity Series Total Market Index Fund | Nov 30, 2024 | 15,537 | 144,183 | 0.09% |
| Fidelity NASDAQ Composite Index Fund | Nov 30, 2024 | 7,662 | 71,103 | 0.05% |
| Schwab Capital Trust-Total Stock Market Index Fund | Oct 31, 2024 | 4,440 | 41,203 | 0.03% |
| Dimensional ETF Tr-Dimensional U.S. Core Equity 2 ETF | Oct 31, 2024 | 4,283 | 39,746 | 0.03% |
| EQ Advisors Trust-1290 VT Micro Cap Port | Sep 30, 2024 | 2,215 | 20,555 | 0.01% |
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