New Risk • Jun 08
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of American stocks, typically moving 10% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (10% average weekly change). Large one-off items impacting financial results. Revenue is less than US$5m (US$2.2m revenue). Market cap is less than US$100m (US$28.2m market cap). Valuation Update With 7 Day Price Move • Jun 08
Investor sentiment deteriorates as stock falls 25% After last week's 25% share price decline to US$1.24, the stock trades at a trailing P/E ratio of 2.6x. Average trailing P/E is 33x in the Electronic industry in the US. Total loss to shareholders of 85% over the past three years. Reported Earnings • May 14
First quarter 2026 earnings released: US$0.11 loss per share (vs US$0.11 loss in 1Q 2025) First quarter 2026 results: US$0.11 loss per share (further deteriorated from US$0.11 loss in 1Q 2025). Net loss: US$1.86m (loss widened 3.5% from 1Q 2025). Over the last 3 years on average, earnings per share has increased by 69% per year but the company’s share price has fallen by 38% per year, which means it is significantly lagging earnings. Annonce • May 04
Neonode Inc., Annual General Meeting, Jun 17, 2026 Neonode Inc., Annual General Meeting, Jun 17, 2026, at 15:00 W. Europe Standard Time. Location: at neonodes principal executive office, at karlavagen 100, 115 26 stockholm, sweden., stockholm Sweden Valuation Update With 7 Day Price Move • Apr 20
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to US$1.63, the stock trades at a trailing P/E ratio of 3.4x. Average trailing P/E is 29x in the Electronic industry in the US. Total loss to shareholders of 76% over the past three years. Reported Earnings • Mar 18
Full year 2025 earnings released: EPS: US$0.48 (vs US$0.37 loss in FY 2024) Full year 2025 results: EPS: US$0.48 (up from US$0.37 loss in FY 2024). Net income: US$8.04m (up US$13.9m from FY 2024). Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has fallen by 42% per year, which means it is significantly lagging earnings. Annonce • Jan 02
Neonode Inc. Appoints Marec Gasiun as Executive Vice President of Sales & Marketing, Effective January 1, 2026 Neonode Inc. announced the appointment of Marec Gasiun as Executive Vice President of Sales & Marketing, effective January 1, 2026. Marec Gasiun has an extensive track record of global commercial leadership across the automotive, technology, and telecommunications sectors. Most recently, he served as Vice President of Business Development at SeeReal Technologies, a holographic deep tech pioneer. Prior to that, Mr. Gasiun held the position of Vice President, Global Technology Partnerships, at Telia Company. Before joining Telia, Mr. Gasiun served as Head of Business Development for Google's automotive software business, where he led commercial execution for the in-vehicle software platform. Valuation Update With 7 Day Price Move • Nov 13
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to US$2.27, the stock trades at a trailing P/E ratio of 4.4x. Average forward P/E is 20x in the Electronic industry in the US. Total loss to shareholders of 41% over the past three years. Reported Earnings • Nov 06
Third quarter 2025 earnings released: EPS: US$0.83 (vs US$0.065 loss in 3Q 2024) Third quarter 2025 results: EPS: US$0.83 (up from US$0.065 loss in 3Q 2024). Net income: US$13.9m (up US$15.0m from 3Q 2024). Revenue is forecast to grow 32% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Electronic industry in the US. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. New Risk • Sep 08
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: US$85.8m This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (31% average weekly change). Minor Risks Revenue is less than US$5m (US$2.6m revenue). Market cap is less than US$100m (US$85.8m market cap). Reported Earnings • Aug 14
Second quarter 2025 earnings released: US$0.12 loss per share (vs US$0.11 loss in 2Q 2024) Second quarter 2025 results: US$0.12 loss per share (further deteriorated from US$0.11 loss in 2Q 2024). Revenue: US$599.0k (down 58% from 2Q 2024). Net loss: US$1.98m (loss widened 17% from 2Q 2024). Revenue is forecast to grow 32% p.a. on average during the next 3 years, compared to a 8.1% growth forecast for the Electronic industry in the US. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 75% per year, which means it is tracking significantly ahead of earnings growth. New Risk • Jun 13
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of American stocks, typically moving 22% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (22% average weekly change). Minor Risk Revenue is less than US$5m (US$2.8m revenue). Reported Earnings • May 15
First quarter 2025 earnings released: US$0.11 loss per share (vs US$0.14 loss in 1Q 2024) First quarter 2025 results: US$0.11 loss per share (improved from US$0.14 loss in 1Q 2024). Revenue: US$513.0k (down 49% from 1Q 2024). Net loss: US$1.80m (loss narrowed 14% from 1Q 2024). Revenue is forecast to grow 27% p.a. on average during the next 3 years, compared to a 7.3% growth forecast for the Electronic industry in the US. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 30% per year, which means it is well ahead of earnings. Annonce • May 01
Neonode Inc., Annual General Meeting, Jun 12, 2025 Neonode Inc., Annual General Meeting, Jun 12, 2025, at 15:00 W. Europe Standard Time. Location: neonodes principal executive office, karlavagen 100, 115 26 stockholm, sweden, Sweden Annonce • Apr 10
Neonode Announces Changes to the Composition of Its Board of Directors Neonode Inc. announced changes to the composition of its Board of Directors. Didier Schreiber will be appointed to the Board as a Class I Director and Cecilia Edström will, due to other commitments, resign as a Class I Director of the Board of Directors. Didier Schreiber currently serves as Owner and Chief Executive Officer of Rondiné Consulting. He has extensive experience in operations and executive management positions in the automotive industry. Previously, he was the Senior Vice President and a member of the Executive Management Team at ZEEKR Technology EU AB/CEVT, China Europe Vehicle Technology AB where he held various roles since 2014. Mr. Schreiber holds a PhD in the field of Combustion Technology, with applications on the Ariane rocket engine from Ecole Centrale de Paris - Chalmers University of Technology, Gothenburg. New Risk • Mar 24
New major risk - Revenue and earnings growth Earnings have declined by 7.8% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 7.8% per year over the past 5 years. Minor Risk Revenue is less than US$5m (US$3.1m revenue). Reported Earnings • Mar 21
Full year 2024 earnings released: US$0.37 loss per share (vs US$0.66 loss in FY 2023) Full year 2024 results: US$0.37 loss per share (improved from US$0.66 loss in FY 2023). Revenue: US$3.11m (down 30% from FY 2023). Net loss: US$5.88m (loss narrowed 42% from FY 2023). Revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 7.4% growth forecast for the Electronic industry in the US. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 17% per year, which means it is well ahead of earnings. New Risk • Nov 14
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: US$99.0m This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (26% average weekly change). Minor Risks Shareholders have been diluted in the past year (9.3% increase in shares outstanding). Revenue is less than US$5m (US$3.8m revenue). Market cap is less than US$100m (US$99.0m market cap). New Risk • Nov 11
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 9.3% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (26% average weekly change). Minor Risks Shareholders have been diluted in the past year (9.3% increase in shares outstanding). Revenue is less than US$5m (US$3.8m revenue). Reported Earnings • Nov 07
Third quarter 2024 earnings released: US$0.065 loss per share (vs US$0.082 loss in 3Q 2023) Third quarter 2024 results: US$0.065 loss per share (improved from US$0.082 loss in 3Q 2023). Revenue: US$838.0k (down 17% from 3Q 2023). Net loss: US$1.04m (loss narrowed 18% from 3Q 2023). Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 7.3% growth forecast for the Electronic industry in the US. Over the last 3 years on average, earnings per share has fallen by 13% per year whereas the company’s share price has fallen by 10% per year. Annonce • Oct 09
Neonode Inc. Appoints Peter Kruk as Class II Director Neonode Inc. announced that Peter Kruk has joined the company’s Board of Directors (the “Board”) as a Class II director. Peter Kruk currently serves as the Chief Executive Officer and as a board member of NCAB Group AB, a Nasdaq Stockholm-listed company and a leading global producer of printed circuit boards. Mr. Kruk brings extensive experience as a leader in global industrial companies. From 2018 to 2020, Mr. Kruk served as the President of the EMEA region in the Dometic Group and was a member of Dometic Group’s management team. From 2009 to 2018, he served as President of Electronics and a member of the executive management team of Stoneridge Inc., a United States-listed company and a leading supplier of advanced electronics to the global automotive industry. New Risk • Aug 09
New major risk - Revenue and earnings growth Earnings have declined by 13% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (18% average weekly change). Earnings have declined by 13% per year over the past 5 years. Minor Risks Revenue is less than US$5m (US$4.4m revenue). Market cap is less than US$100m (US$39.8m market cap). Reported Earnings • Aug 09
Second quarter 2024 earnings released: US$0.11 loss per share (vs US$0.098 loss in 2Q 2023) Second quarter 2024 results: US$0.11 loss per share (further deteriorated from US$0.098 loss in 2Q 2023). Revenue: US$1.42m (up 19% from 2Q 2023). Net loss: US$1.70m (loss widened 13% from 2Q 2023). Revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 7.4% growth forecast for the Electronic industry in the US. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has fallen by 21% per year, which means it is performing significantly worse than earnings. New Risk • Jun 11
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of American stocks, typically moving 16% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (16% average weekly change). Minor Risks Revenue is less than US$5m (US$4.2m revenue). Market cap is less than US$100m (US$37.8m market cap). Annonce • Jun 05
Neonode Inc. has filed a Follow-on Equity Offering in the amount of $10.366156 million. Neonode Inc. has filed a Follow-on Equity Offering in the amount of $10.366156 million.
Security Name: Common Stock
Security Type: Common Stock
Transaction Features: At the Market Offering Reported Earnings • May 09
First quarter 2024 earnings released: US$0.14 loss per share (vs US$0.094 loss in 1Q 2023) First quarter 2024 results: US$0.14 loss per share (further deteriorated from US$0.094 loss in 1Q 2023). Revenue: US$1.01m (down 19% from 1Q 2023). Net loss: US$2.08m (loss widened 46% from 1Q 2023). Revenue is forecast to grow 32% p.a. on average during the next 3 years, compared to a 6.2% growth forecast for the Electronic industry in the US. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 27% per year, which means it is significantly lagging earnings. Annonce • Apr 28
Neonode Inc., Annual General Meeting, Jun 11, 2024 Neonode Inc., Annual General Meeting, Jun 11, 2024, at 15:00 Central European Standard Time. Location: Neonode’s principal executive office located at Karlavägen 100, Stockholm Sweden Agenda: To elect one Class I director to serve on the Board of Directors of company until the 2027 Annual Meeting of Stockholders or until such persons’ successors are duly elected and qualified, or until earlier death, resignation, or removal; to ratify the appointment of KMJ Corbin and Company LLP as company’s independent registered public accounting firm for the fiscal year ending December 31, 2024; to approve, on an advisory basis, the compensation of company’s named executive officers; to approve, on an advisory basis, the frequency of the advisory vote on the compensation of company’s named executive officers; and to transact any other business that may properly come before the Meeting or any adjournment or postponement thereof. New Risk • Apr 19
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of American stocks, typically moving 10% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (10% average weekly change). Revenue is less than US$5m (US$4.4m revenue). Market cap is less than US$100m (US$25.0m market cap). Annonce • Apr 10
Neonode Inc. Announces Chief Executive Officer Changes Neonode Inc. announced that Dr. Urban Forssell, following consultation with the Board of Directors, will leave his position as Chief Executive Officer of Neonode effective immediately. The Company's Chief Financial Officer, Fredrik Nihlén, has been appointed interim CEO until a new CEO is appointed. Dr. Forssell will serve as a strategic advisor to the Company and the Board of Directors until the end of 2024. In December 2023, Neonode announced a new, sharpened strategy with full focus on the licensing business and a phase out of its Touch Sensor Module product business through licensing to strategic partners or outsourcing. The departure of Dr. Forssell comes as Neonode enters into the next phase of its growth journey. Reported Earnings • Feb 29
Full year 2023 earnings released: US$0.66 loss per share (vs US$0.36 loss in FY 2022) Full year 2023 results: US$0.66 loss per share (further deteriorated from US$0.36 loss in FY 2022). Revenue: US$4.45m (down 22% from FY 2022). Net loss: US$10.1m (loss widened 107% from FY 2022). Revenue is forecast to grow 27% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the Electronic industry in the US. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 42% per year, which means it is significantly lagging earnings. New Risk • Dec 07
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of American stocks, typically moving 11% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Shareholders have been diluted in the past year (13% increase in shares outstanding). Market cap is less than US$100m (US$28.1m market cap). New Risk • Nov 10
New major risk - Revenue and earnings growth Earnings have declined by 7.9% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 7.9% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (13% increase in shares outstanding). Market cap is less than US$100m (US$18.6m market cap). Annonce • Oct 19
Neonode Inc. to Report Q3, 2023 Results on Nov 09, 2023 Neonode Inc. announced that they will report Q3, 2023 results on Nov 09, 2023 New Risk • Aug 12
New major risk - Revenue and earnings growth Earnings have declined by 7.9% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (17% average weekly change). Earnings have declined by 7.9% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (13% increase in shares outstanding). Market cap is less than US$100m (US$30.4m market cap). Reported Earnings • Aug 11
Second quarter 2023 earnings released: US$0.098 loss per share (vs US$0.11 loss in 2Q 2022) Second quarter 2023 results: US$0.098 loss per share (improved from US$0.11 loss in 2Q 2022). Revenue: US$1.20m (down 5.3% from 2Q 2022). Net loss: US$1.51m (loss narrowed 2.6% from 2Q 2022). Revenue is forecast to grow 31% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the Electronic industry in the US. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has fallen by 40% per year, which means it is significantly lagging earnings. Annonce • Aug 03
Neonode Inc. to Report Q2, 2023 Results on Aug 10, 2023 Neonode Inc. announced that they will report Q2, 2023 results on Aug 10, 2023 New Risk • Jul 11
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of American stocks, typically moving 12% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Shareholders have been diluted in the past year (13% increase in shares outstanding). Market cap is less than US$100m (US$73.0m market cap). Annonce • Jun 21
Neonode Inc. Releases Third-Generation Driver and In-Cabin Monitoring Solution Neonode Inc. announced the release of its third-generation driver and in-cabin monitoring solution, based on Neonode's proprietary MultiSensing®? platform. This unique software platform represents a significant leap forward in enhancing traffic safety and comfort, with advanced, value-adding driver and in-c cabin monitoring features that can be seamlessly deployed in new and existing vehicles. Current-generation driver and in-Cabin monitoring systems are an evolution of the purely General Safety Regulation (GSR)-focused first-generation driver monitoring systems. Like first-generation systems, they still primarily rely on the driver's eyes to assess distraction and build on top of that legacy technology. To meet future customer requirements, the next generation of driver and in-cabin Monitoring systems requires a different approach untethered from legacy solutions. As a third-generation solution, MultiSensing utilizes the power of machine learning and artificial intelligence. Deviating from the eye-tracking paradigm, MultiSensing takes a holistic approach to the driver and in-cabin monitor problem that includes vastly more datatype when assessing the situation inside the vehicle. By leveraging Neonode's pioneering artificial intelligence and machine perception technologies, the MultiSensing driver and in-cabin monitored solution exceeds the current industry standard for driver and in-cabin testing systems in terms of reliability, availability, accuracy, efficiency and flexibility. This unique approach to driver and in-cabinmonitor enhances performance and robustness, thus improving traffic safety and end-user satisfaction. MultiSensing is purpose-designed to be a scalable software platform for driver and in-c cabin Monitoring, offering customers an efficient and scalable software framework and powerful development tools, allowing controlled development and releases of new driver and in-cabin tracking features with very short lead times. The result is easy and rapid development, allowing customers to easily satisfy end-user needs with unparalleled safety, innovative new features and purposeful over-the-air (OTA) updates. As a further testament to MultiSensing's scalability, the platform is truly hardware agnostic and has a very small computational footprint. This provides customers with great flexibility in the choice of host system and components. For example, MultiSensing works well with different camera types, even low-resolution ones, and does not impose strict requirements on camera placement. MultiSensing will be available for demonstration at the upcoming AutoSens InCabin event in Brussels, Belgium on June 20-22, 2023. Reported Earnings • May 11
First quarter 2023 earnings released: US$0.094 loss per share (vs US$0.10 loss in 1Q 2022) First quarter 2023 results: US$0.094 loss per share. Revenue: US$1.25m (down 4.9% from 1Q 2022). Net loss: US$1.43m (loss widened 3.3% from 1Q 2022). Revenue is forecast to grow 30% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the Electronic industry in the US. Annonce • May 05
Neonode Inc. to Report Q1, 2023 Results on May 11, 2023 Neonode Inc. announced that they will report Q1, 2023 results at 9:30 AM, US Eastern Standard Time on May 11, 2023 Major Estimate Revision • Mar 16
Consensus revenue estimates increase by 10% The consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast increased from US$8.00m to US$8.80m. EPS estimate unchanged from -US$0.10 at last update. Electronic industry in the US expected to see average net income growth of 3.2% next year. Consensus price target up from US$8.50 to US$22.70. Share price fell 6.3% to US$6.80 over the past week. Reported Earnings • Mar 10
Full year 2022 earnings released: US$0.36 loss per share (vs US$0.54 loss in FY 2021) Full year 2022 results: US$0.36 loss per share (improved from US$0.54 loss in FY 2021). Revenue: US$5.67m (down 2.8% from FY 2021). Net loss: US$4.88m (loss narrowed 24% from FY 2021). Revenue is forecast to grow 29% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Electronic industry in the US. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has increased by 66% per year, which means it is tracking significantly ahead of earnings growth. Buying Opportunity • Jan 31
Now 24% undervalued Over the last 90 days, the stock is up 158%. The fair value is estimated to be US$12.21, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 5.6% over the last 3 years. Earnings per share has grown by 8.6%. Revenue is forecast to grow by 37% in a year. Earnings is forecast to grow by 47% in the next year. Major Estimate Revision • Nov 17
Consensus forecasts updated The consensus outlook for 2022 has been updated. 2022 revenue forecast fell from US$6.00m to US$5.00m. EPS estimate unchanged from -US$0.30 per share at last update. Electronic industry in the US expected to see average net income growth of 10% next year. Consensus price target of US$8.50 unchanged from last update. Share price rose 11% to US$3.88 over the past week. Breakeven Date Change • Nov 16
Forecast breakeven date pushed back to 2024 The analyst covering Neonode previously expected the company to break even in 2023. New forecast suggests losses will reduce by 44% per year to 2023. The company is expected to make a profit of US$5.00m in 2024. Average annual earnings growth of 104% is required to achieve expected profit on schedule. Reported Earnings • Nov 11
Third quarter 2022 earnings released: US$0.059 loss per share (vs US$0.15 loss in 3Q 2021) Third quarter 2022 results: US$0.059 loss per share (improved from US$0.15 loss in 3Q 2021). Revenue: US$1.22m (up 26% from 3Q 2021). Net loss: US$800.0k (loss narrowed 54% from 3Q 2021). Revenue is forecast to grow 41% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Electronic industry in the US. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has increased by 36% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Aug 12
Second quarter 2022 earnings released: US$0.11 loss per share (vs US$0.14 loss in 2Q 2021) Second quarter 2022 results: US$0.11 loss per share (up from US$0.14 loss in 2Q 2021). Revenue: US$1.27m (down 26% from 2Q 2021). Net loss: US$1.55m (loss narrowed 6.6% from 2Q 2021). Over the next year, revenue is forecast to grow 88%, compared to a 9.8% growth forecast for the industry in the US. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 14% per year, which means it is tracking significantly ahead of earnings growth. Annonce • Jul 28
Neonode Inc., Annual General Meeting, Sep 29, 2022 Neonode Inc., Annual General Meeting, Sep 29, 2022, at 15:00 Central European Standard Time. Location: Karlavägen 100, 115 26 Stockholm Sweden Major Estimate Revision • May 18
Consensus revenue estimates fall by 40% The consensus outlook for revenues in 2022 has deteriorated. 2022 revenue forecast decreased from US$10.0m to US$6.00m. Forecast losses increased from -US$0.20 to -US$0.30 per share. Electronic industry in the US expected to see average net income growth of 13% next year. Consensus price target of US$14.00 unchanged from last update. Share price fell 3.0% to US$4.50 over the past week. Annonce • May 18
Neonode Inc. Announces Board Changes Neonode Inc. announced Mattias Bergman notified his intention to resign as class I director of the company. Mr. Bergman’s resignation is not related to any disagreement with the company on any matter relating to the company’s operations, policies or practices. On May 13, 2022, the board of directors elected Cecelia Edström a class I director to replace Mr. Bergman, effective May 13, 2022, upon Mr. Bergman’s resignation. It is expected that Ms. Edström will be appointed to the compensation, nomination and governance committee. Reported Earnings • May 13
First quarter 2022 earnings: EPS in line with expectations, revenues disappoint First quarter 2022 results: US$0.10 loss per share (up from US$0.14 loss in 1Q 2021). Revenue: US$1.32m (down 21% from 1Q 2021). Net loss: US$1.38m (loss narrowed 12% from 1Q 2021). Revenue missed analyst estimates by 12%. Earnings per share (EPS) were mostly in line with analyst estimates. Over the next year, revenue is forecast to grow 141%, compared to a 11% growth forecast for the industry in the US. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 15% per year, which means it is well ahead of earnings. Breakeven Date Change • Apr 27
Forecast breakeven date pushed back to 2023 The analyst covering Neonode previously expected the company to break even in 2022. New forecast suggests losses will reduce by 53% to 2022. The company is expected to make a profit of US$2.00m in 2023. Average annual earnings growth of 95% is required to achieve expected profit on schedule. Breakeven Date Change • Mar 15
Forecast breakeven date pushed back to 2023 The analyst covering Neonode previously expected the company to break even in 2022. New forecast suggests losses will reduce by 53% to 2022. The company is expected to make a profit of US$2.00m in 2023. Average annual earnings growth of 95% is required to achieve expected profit on schedule. Price Target Changed • Mar 15
Price target decreased to US$14.00 Down from US$16.50, the current price target is provided by 1 analyst. New target price is 258% above last closing price of US$3.91. Stock is down 54% over the past year. The company is forecast to post earnings per share of US$11.30 next year compared to a net loss per share of US$0.54 last year. Reported Earnings • Mar 11
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: US$0.54 loss per share (up from US$0.56 loss in FY 2020). Revenue: US$5.84m (down 2.5% from FY 2020). Net loss: US$6.45m (loss widened 14% from FY 2020). Revenue exceeded analyst estimates by 1.3%. Earnings per share (EPS) were mostly in line with analyst estimates. Over the next year, revenue is forecast to grow 3,464%, compared to a 15% growth forecast for the industry in the US. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 15% per year, which means it is well ahead of earnings. Annonce • Feb 25
Neonode Inc. to Report Q4, 2021 Results on Mar 10, 2022 Neonode Inc. announced that they will report Q4, 2021 results on Mar 10, 2022 Reported Earnings • Nov 12
Third quarter 2021 earnings released: US$0.15 loss per share (vs US$0.17 loss in 3Q 2020) The company reported a poor third quarter result with increased losses, weaker revenues and weaker control over costs. Third quarter 2021 results: Revenue: US$957.0k (down 36% from 3Q 2020). Net loss: US$1.72m (loss widened 3.0% from 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 80% per year, which means it is well ahead of earnings. Price Target Changed • Sep 29
Price target increased to US$14.50 Up from US$10.50, the current price target is an average from 2 analysts. New target price is 38% above last closing price of US$10.50. Stock is up 33% over the past year. Reported Earnings • Aug 12
Second quarter 2021 earnings released: US$0.14 loss per share (vs US$0.18 loss in 2Q 2020) The company reported a solid second quarter result with improved revenues and control over costs, although losses increased. Second quarter 2021 results: Revenue: US$1.72m (up 127% from 2Q 2020). Net loss: US$1.66m (loss widened 2.8% from 2Q 2020). Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 19% per year, which means it is tracking significantly ahead of earnings growth. Executive Departure • Aug 05
CFO, VP of Finance, Treasurer & Secretary Maria Anne-Lee Ek has left the company During their tenure, earnings grew by 44% annually compared to the industry average of 24%. On the 2nd of August, Maria Anne-Lee Ek was replaced as CEO by Urban Forssell after less than a year in the role. We don't have any record of a personal shareholding under Maria Anne-Lee's name. Maria Anne-Lee is the only executive to leave the company over the last 12 months. The current median tenure of the management team is 1.58 years, which is considered inexperienced in the Simply Wall St Risk Model. Under Maria Anne-Lee's leadership, the company delivered a total shareholder return of -15%. Breakeven Date Change • May 22
Forecast to breakeven in 2023 The 2 analysts covering Neonode expect the company to break even for the first time. New consensus forecast suggests losses will reduce by 37% per year to 2022. The company is expected to make a profit of US$44.0m in 2023. Average annual earnings growth of 109% is required to achieve expected profit on schedule. Reported Earnings • May 13
First quarter 2021 earnings released: US$0.14 loss per share (vs US$0.11 loss in 1Q 2020) The company reported a soft first quarter result with increased losses and weaker control over costs, although revenues improved. First quarter 2021 results: Revenue: US$1.67m (up 29% from 1Q 2020). Net loss: US$1.57m (loss widened 55% from 1Q 2020). Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 13% per year, which means it is tracking significantly ahead of earnings growth.