A Business at a Glance
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Neonode Inc.
NEON
$12M
Mkt Cap
$0.78
-1.82%
Neonode Inc. (NEON) has a current P/E ratio of 1.4, compared to its historical median P/E of 12.7. The stock is currently considered Cheap based on its historical valuation range.
Neonode Inc. (NEON) has a 5-year average return on invested capital (ROIC) of -38.4%. This is below average and may indicate limited pricing power.
Neonode Inc. (NEON) has a market capitalization of $13M. It is classified as a small-cap stock.
Neonode Inc. (NEON) does not currently pay a regular dividend.
Based on historical P/E analysis, Neonode Inc. (NEON) appears cheap. The current P/E of 1.4 is 89% below its historical median of 12.7. The estimated fair value CAGR (P/E method) is 16.8%.
Neonode Inc. (NEON) operates in the Electronic Components, Nec industry, within the Technology sector.
Neonode Inc. (NEON) generated $-6 million in free cash flow in its most recent fiscal year. Negative free cash flow may indicate heavy investment or operational challenges.
ITEM 1. BUSINESS Neonode provides advanced optical sensing solutions for touch, contactless touch, and gesture sensing. We also provide 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 contactless touch, touch, and gesture sensing products and solutions using our zForce technology platform and our machine perception solutions on our MultiSensing technology platform. We market and sell our solutions to customers in many different markets and segments including, but not limited to, office equipment, automotive, industrial automation, medical, military and avionics. In 2010, we began licensing to Original Equipment Manufacturers (“OEMs”) and automotive Tier 1 suppliers who embed our technology into products they develop, manufacture, and sell.
| Metric | TTM | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Revenue | 2.1M | - | - | 5.7M | 5.8M | 6.0M |
| Net Income | 8.5M | -6.5M | -10M | -4.9M | -6.5M | -5.6M |
| EPS | $-102.65 | $-0.41 | $-0.66 | $-0.36 | $-0.54 | $-0.49 |
| Free Cash Flow | -10M | -5.6M | -6.4M | -6.9M | -7.7M | -5.8M |
| ROIC | 27.4% | -38.5% | -49.1% | -20.3% | -32.9% | -51.0% |
| Gross Margin | 98.7% | - | - | 85.8% | 45.8% | 52.4% |
| Debt/Equity | 0.00 | 0.03 | 0.00 | 0.25 | 0.04 | 0.22 |
| Dividends/Share | $0.00 | $0.00 | $0.00 | - | - | - |
| Operating Income | 7.4M | -6.5M | -5.7M | -5.3M | -7.1M | -6.2M |
| Operating Margin | 357.5% | - | - | -93.2% | -121.8% | -103.5% |
| ROE | 34.4% | -38.5% | -55.3% | -22.6% | -33.1% | -52.4% |
| Shares Outstanding | 17M | 16M | 15M | 14M | 12M | 12M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | N/A | N/A | 11M | 10M | 10M | 8.5M | 6.6M | 6.0M | 5.8M | 5.7M | N/A | N/A | 2.1M |
| Gross Margin | N/A | N/A | 66.0% | 61.6% | 77.1% | 77.6% | 70.1% | 52.4% | 45.8% | 85.8% | N/A | N/A | 98.7% |
| R&D | 7.2M | 7.4M | 6.3M | 7.1M | 6.1M | 5.3M | 5.2M | 4.1M | 3.5M | 4.0M | 3.8M | 3.4M | 3.8M |
| SG&A | 5.1M | 6.8M | 5.0M | 4.1M | 4.5M | 4.2M | 4.3M | 4.4M | 5.6M | 35K | 1.5M | 1.3M | 4.1M |
| EBIT | -13M | -14M | -7.7M | -5.1M | -5.5M | -3.9M | -5.7M | -6.2M | -7.1M | -5.3M | -5.7M | -6.5M | 7.4M |
| Op. Margin | N/A | N/A | -69.2% | -50.4% | -53.5% | -45.4% | -86.2% | -103.5% | -121.8% | -93.2% | N/A | N/A | 357.5% |
| Net Income | -13M | -14M | -7.8M | -5.3M | -4.7M | -3.1M | -5.3M | -5.6M | -6.5M | -4.9M | -10M | -6.5M | 8.5M |
| Net Margin | N/A | N/A | -70.4% | -51.8% | -45.9% | -35.8% | -79.7% | -94.2% | -110.5% | -86.1% | N/A | N/A | 411.9% |
| Non-Recurring | -8K | -16K | -28K | -91K | 0 | -6K | 0 | -5K | 0 | 0 | 3.6M | 339K | 339K |
| Returns on Capital | |||||||||||||
| ROIC | -89.3% | N/M | N/M | -90.2% | -87.6% | -25.8% | -83.2% | -51.0% | -32.9% | -20.3% | -49.1% | -38.5% | 27.4% |
| ROE | -181.1% | -296.0% | -305.8% | -166.6% | -69.6% | -29.3% | -58.1% | -52.4% | -33.1% | -22.6% | -55.3% | -38.5% | 34.4% |
| ROA | -110.7% | -141.8% | -107.6% | -67.7% | -41.2% | -23.2% | -51.2% | -47.0% | -32.6% | -22.1% | -50.3% | -34.6% | 31.6% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | -8.8M | -12M | -8.1M | -6.3M | -5.6M | -2.9M | -3.5M | -5.8M | -7.7M | -6.8M | -6.3M | -5.6M | -10M |
| Free Cash Flow | -9.0M | -12M | -8.3M | -7.2M | -6.2M | -3.1M | -3.6M | -5.8M | -7.7M | -6.9M | -6.4M | -5.6M | -10M |
| Owner Earnings | -12M | -14M | -9.3M | -6.9M | -6.6M | -3.9M | -4.5M | -6.6M | -8.5M | -7.0M | -6.4M | -5.7M | -10M |
| CapEx | 155K | 115K | 198K | 987K | 656K | 236K | 89K | 60K | 0 | 52K | 123K | 37K | 91K |
| Maint. CapEx | 144K | 202K | 187K | 360K | 953K | 1.0M | 855K | 767K | 632K | 120K | 47K | 58K | 50K |
| Growth CapEx | 11K | 0 | 11K | 627K | 0 | 0 | 0 | 0 | N/A | 0 | 76K | 0 | 41K |
| D&A | 144K | 202K | 187K | 360K | 953K | 1.0M | 855K | 767K | 632K | 120K | 47K | 58K | 50K |
| CapEx/OCF | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.0% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 12K | 0 | 0 | 0 |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | N/A | N/A | 0.0% | N/A | N/A | 0.0% | 0.0% | 0.0% | 0.0% |
| Stock-Based Comp | 2.7M | 1.7M | 1.1M | 255K | 72K | 29K | 159K | 77K | 157K | 122K | 58K | 3K | 3K |
| Debt Repayment | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Balance Sheet | |||||||||||||
| Net Debt | -8.8M | N/A | N/A | N/A | -4.1M | -4.9M | -949K | -7.1M | -17M | -9.9M | -16M | -16M | -25M |
| Cash & Equiv. | 8.8M | 6.1M | 3.1M | 3.5M | 5.8M | 6.6M | 2.4M | 10M | 17M | 15M | 16M | 16M | 25M |
| Long-Term Debt | N/A | N/A | N/A | N/A | 1.7M | 1.1M | 508K | 95K | 65K | 4.7M | 2K | 0 | 15K |
| Debt/Equity | 0.00 | 1.63 | 2.22 | 1.24 | 0.19 | 0.14 | 0.22 | 0.22 | 0.04 | 0.25 | 0.00 | 0.03 | 0.00 |
| Interest Coverage | N/A | -1013.6 | -427.6 | -109.4 | -73.0 | -79.1 | -168.5 | -229.3 | -473.8 | -660.8 | -5737.0 | -6547.0 | -6547.0 |
| Equity | 6.3M | 3.3M | 1.8M | 4.5M | 9.0M | 12M | 6.4M | 15M | 24M | 19M | 17M | 16M | 25M |
| Total Assets | 11M | 8.6M | 5.9M | 9.7M | 13M | 13M | 7.4M | 17M | 23M | 21M | 19M | 18M | 27M |
| Total Liabilities | 5.1M | 5.3M | 4.1M | 5.6M | 5.3M | 3.4M | 3.6M | 4.7M | 3.2M | 1.8M | 1.9M | 1.9M | 2.2M |
| Intangibles | 0 | 0 | 0 | 0 | N/A | N/A | 0 | N/A | N/A | N/A | 0 | 0 | 0 |
| Retained Earnings | -152M | -166M | -174M | -179M | -184M | -185M | -191M | -196M | -203M | -207M | -218M | -224M | -216M |
| Working Capital | 6.0M | 3.0M | 1.5M | 3.1M | 6.2M | 8.2M | 2.4M | 10M | 19M | 19M | 17M | 16M | 24M |
| Current Assets | 11M | 7.9M | 5.3M | 7.7M | 9.8M | 10M | 5.4M | 15M | 22M | 21M | 19M | 18M | 26M |
| Current Liabilities | 5.1M | 5.0M | 3.8M | 4.6M | 3.6M | 2.3M | 3.0M | 4.2M | 3.0M | 1.7M | 1.8M | 1.6M | 2.2M |
| Per Share Data | |||||||||||||
| EPS | -3.70 | -3.60 | -1.90 | -1.20 | -8.90 | -0.52 | -0.60 | -0.49 | -0.54 | -0.36 | -0.66 | -0.41 | -102.65 |
| Owner EPS | -3.28 | -3.48 | -2.27 | -1.56 | -12.50 | -0.66 | -0.51 | -0.57 | -0.71 | -0.52 | -0.42 | -0.36 | -0.61 |
| Book Value | 1.80 | 0.83 | 0.45 | 1.02 | 17.07 | 2.01 | 0.72 | 1.31 | 2.00 | 1.43 | 1.12 | 1.04 | 1.47 |
| Cash Flow/Share | -2.49 | -2.99 | -1.96 | -1.42 | -10.56 | -0.49 | -0.40 | -0.50 | -0.64 | -0.50 | -0.41 | -0.35 | 0.51 |
| Dividends/Share | 0.00 | 0.00 | 0.00 | 0.00 | N/A | N/A | 0.00 | N/A | N/A | N/A | 0.00 | 0.00 | 0.00 |
| Shares Out. | 3.5M | 4.0M | 4.1M | 4.4M | 0.5M | 5.9M | 8.8M | 11.5M | 11.9M | 13.6M | 15.3M | 15.8M | 16.8M |
| Valuation | |||||||||||||
| P/E Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 12.7 | N/A | N/A | N/A | N/A | -0.0 |
| P/FCF | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| EV/EBIT | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | -1.7 |
| Price/Book | N/A | N/A | N/A | N/A | 4.6 | 0.9 | N/A | 6.4 | 7.1 | 4.3 | N/A | N/A | 0.5 |
| Price/Sales | N/A | N/A | N/A | N/A | 6.7 | 2.6 | N/A | 13.6 | 20.5 | 13.6 | N/A | N/A | 6.3 |
| FCF Yield | N/A | N/A | N/A | N/A | -15.1% | -27.8% | N/A | -6.0% | -5.4% | -8.2% | N/A | N/A | -79.5% |
| Market Cap | 0 | 0 | 0 | 0 | 41M | 11M | 0 | 96M | 141M | 84M | 0 | 0 | 13M |
| Avg. Price | 0.00 | 0.00 | 0.00 | 0.00 | 13.01 | 3.81 | 0.00 | 5.98 | 7.77 | 5.00 | 0.00 | 0.00 | 0.78 |
| Year-End Price | 0.00 | 0.00 | 0.00 | 0.00 | 7.80 | 1.89 | 0.00 | 7.10 | 9.19 | 5.48 | 0.00 | 0.00 | 0.78 |
Neonode Inc. passes 3 of 9 quality checks, indicating weak fundamentals.
Neonode Inc. trades at 1.4x trailing earnings, compared to its 15-year median P/E of 12.7x, suggesting it is currently Cheap relative to its historical range. The company's 5-year average gross margin is 61.3%. At current prices, the estimated annualized return to fair value is +16.8%.
Neonode Inc. (NEON) has a debt-to-equity ratio of 0.03. This indicates a conservatively financed balance sheet.
Neonode Inc. (NEON) reported earnings per share (EPS) of $-0.41 in its most recent fiscal year.
Neonode Inc. (NEON) has a return on equity (ROE) of -38.5%. A negative ROE may indicate losses or negative equity.
Neonode Inc. (NEON) has a 5-year average gross margin of 61.3%. This high margin suggests strong pricing power and a potential competitive moat.
The Ledger Terminal provides 15 years of financial data for Neonode Inc. (NEON), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
Neonode Inc. (NEON) has a book value per share of $1.04, based on its most recent annual SEC filing.
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