Neonode Inc
neonode.comWhat Do They Do?
Licenses machine-perception software and optical sensing technology for touch and gesture controls to automakers, automotive suppliers, and printer and office-equipment makers, and provides related engineering services.
10-K for FY2025, filed Mar 18, 2026Neonode provides software solutions for machine perception that feature advanced machine learning algorithms to detect and track persons…View ↗
Neonode also provides advanced optical sensing solutions for touch, contactless touch, and gesture sensing using our zForce® technology…View ↗
We license our MultiSensing and zForce technology to OEMs and automotive Tier 1 suppliers who embed our technology into products that they…View ↗
Our licensing customer base is primarily in the automotive and printer segments. Nine of our licensing customers are currently shipping…View ↗
We also offer non-recurring engineering (“NRE”) services related to application development linked to our technology platform on a flat…View ↗
How Do They Make Money?
License fees are the largest stream: OEMs and suppliers may pay an upfront technology-access fee or per-unit royalties after their products ship; software development licenses are invoiced annually in advance. Engineering customers pay hourly or fixed fees as work is completed or progresses.
10-K for FY2025, filed Mar 18, 2026We earn revenue from licensing our internally developed intellectual property (“IP”) and licensing of our internally developed software. We…View ↗
For technology license arrangements that do not require significant modification or customization of the underlying technology, we…View ↗
We also earn license fee revenue by providing our customers with development licenses for our software tools related to the MultiSensing…View ↗
For technology license that require modification or customization of the underlying technology to adapt the technology to customer use, we…View ↗
Revenues from non-recurring engineering contracts that are short-term in nature are recorded when those services are complete and accepted…View ↗
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10-K for FY2025, filed Mar 18, 2026
FY2025 revenue by product or service ↗
$2.1M
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10-K for FY2025, filed Mar 18, 2026
$2.1M ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
License Fees
Licensed
10-K for FY2025, filed Mar 18, 2026 |
88%
FY2022: 79%
|
License Fees, FY2025
$1.8M Sources
|
Licensed |
|
Non-recurring Engineering
Mix
10-K for FY2025, filed Mar 18, 2026 |
12%
FY2022: 3.6%
|
Non-recurring Engineering, FY2025
$240K Sources
|
Mix |
Who Are Their Customers?
OEMs, design manufacturers and automotive Tier 1 suppliers license Neonode's technology for products; Tier 1 suppliers generally deliver systems to automakers, while Neonode sometimes works directly with automakers. Licensing customers are mainly in automotive and printer and office equipment.
10-K for FY2025, filed Mar 18, 2026We license our MultiSensing and zForce technology to OEMs and automotive Tier 1 suppliers who embed our technology into products that they…View ↗
Our licensing customer base is primarily in the automotive and printer segments. Nine of our licensing customers are currently shipping…View ↗
The automotive value chain consists of OEMs (vehicle manufacturers) and tiered suppliers (Tier 1 system suppliers, Tier 2 component…View ↗
Multi-function printers typically feature touch displays for user interaction with feature-rich menus and settings. We have operational…View ↗
Do Revenues Turn Into Profits?
Yes. Its net income in FY2025 was larger than its revenue, but spent more cash than it brought in: free cash flow was −$10.4M.
10-K for FY2025, filed Mar 18, 2026
$7.4MView ↗
10-K for FY2025, filed Mar 18, 2026
$8.5MView ↗
10-K for FY2025, filed Mar 18, 2026
−$10.4MView ↗
How Are They Changing?
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Aug 7, 2026
Nasdaq notified Neonode of a minimum bid-price listing deficiency
Its listing continues during the period to regain compliance; failure to do so could lead to delisting.
Sources
8-K, filed Aug 7, 2026
On August 6, 2026, Neonode Inc. (the “Company”) received a written notification (the “Notice”) from the staff of the Listing Qualifications…View ↗
Shrinking. Revenue fell 65% in 4 years, from $5.8M in FY2021 to $2.1M in FY2025, about 23% a year.
Phased out touch sensor modules
The older report described manufacturing touch sensor modules, selling them to manufacturers and through distributors, and expected module sales to grow. The latest report says the product business was phased out and the technology licensed to partners, with a focus on licensing.
10-K for FY2022, filed Mar 9, 2023 10-K for FY2025, filed Mar 18, 2026In 2010, we began licensing to Original Equipment Manufacturers (“OEMs”) and Tier 1 suppliers who embed our technology into products they…View ↗
In addition to our technical solutions business, we design and manufacture TSMs that incorporate our patented technology. We sell our TSMs…View ↗
In October 2017, we began selling our TSMs to customers in the industrial and consumer electronics segments. Over time, we expect a…View ↗
Neonode also provides advanced optical sensing solutions for touch, contactless touch, and gesture sensing using our zForce® technology…View ↗
With the strategic decision in September 2025 to transition the zForce platform into maintenance mode, we are no longer selling the zForce…View ↗
During the fourth quarter of 2023 the Company decided to phase out the product business and as a consequence terminate production at the…View ↗
Who Do They Compete With?
Competes with SmartEye, Cipia, Xperi, Seeing Machines, PUX, Jungo, Ultraleap, Texas Instruments, and Acconeer
10-K for FY2025, filed Mar 18, 2026There are various driver and in-cabin monitoring solutions that compete with our MultiSensing technology. Our competitors among Tier 2…View ↗
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