Neonode Inc Stock Price, News & Analysis

Neonode (NASDAQ: NEON) has issued a reminder to stockholders to cast their votes before the upcoming annual meeting scheduled for June 12, 2025, at 3:00 p.m. Central European Time. The meeting will be held at the company's executive office in Stockholm, Sweden. The Board of Directors unanimously recommends voting FOR all proposals. The company emphasizes the importance of reaching a quorum for the meeting to proceed, urging all shareholders to participate regardless of their holding size. Stockholders can access the proxy statement, proxy card, and annual report through the AST ProxyPortal website. The company filed its definitive proxy statement with the SEC on April 30, 2025, containing detailed information about the proposals to be considered.

Neonode Inc. (NASDAQ: NEON), a touch technology and optical sensing solutions provider, will be added to the Russell 2000 Index effective June 30, 2025, as part of the annual index reconstitution. The company, which has been listed on NASDAQ since 2012, will gain membership in the broad-market Russell 3000 Index and corresponding growth and value indexes. This inclusion is significant as approximately $10.6 trillion in assets are benchmarked against Russell US indexes as of June 2024. The Russell indexes, managed by FTSE Russell, are widely used by investment managers and institutional investors for index funds and active investment strategies. CEO Daniel Alexus welcomed the enhanced visibility this brings to Neonode within the investment community.

Neonode (NASDAQ: NEON) reported its Q1 2025 financial results, showing continued challenges in its legacy business. Revenue from continuing operations declined 37.0% to $0.5 million compared to Q1 2024. The company posted a net loss of $1.8 million ($0.11 per share), slightly higher than the $1.7 million loss in the same period last year. Operating expenses decreased 8.0% to $2.5 million. Cash and accounts receivable stood at $15.7 million as of March 31, 2025. New CEO Daniel Alexus, who took the position on March 31, 2025, emphasized focus on the company's MultiSensing® and zForce® technology platforms. Despite no new contracts this quarter, Neonode continues to deliver on existing customer projects while exploring new market opportunities, particularly in the automotive sector and new verticals.

Neonode (NASDAQ: NEON) announced changes to its Board of Directors on April 10, 2025. Didier Schreiber, currently Owner and CEO of Rondiné Consulting, will join as a Class I Director, while Cecilia Edström will step down due to other commitments.

Schreiber brings extensive automotive industry experience, having previously served as Senior Vice President and Executive Management Team member at ZEEKR Technology EU AB/CEVT. He holds a PhD in Combustion Technology from Ecole Centrale de Paris - Chalmers University of Technology.

The appointment comes as Neonode positions itself for future profitable growth, with Chairman Ulf Rosberg highlighting Schreiber's automotive industry expertise as a significant asset during this pivotal phase.

Neonode (NASDAQ: NEON) has been awarded the 2025 Just Auto Excellence Award in the Innovation - Driver Monitoring Software category for its groundbreaking Hands-on-wheel application. The recognition comes from Just Auto's rigorous evaluation process, which assessed innovation, impact, novelty, and value.

The award-winning software features several key achievements:

• Enhanced driver safety through precise hand position detection on steering wheels
• Proprietary MultiSensing® technology utilizing synthetic data and neural networks
• Compliance with EU General Safety Regulation and Euro NCAP requirements
• Cost-effective integration with existing in-cabin cameras
• Customizable hand gesture controls for vehicle features
• Universal compatibility with any steering wheel

Johanna Jansson, VP Sales & Marketing Automotive at Neonode, emphasized the achievement's significance in advancing driver safety and redefining in-cabin experience. The award will be featured in Just Auto's online publication and Awards Report, reaching a global industry audience.

Neonode (NASDAQ: NEON) has appointed Daniel Alexus as its new President and Chief Executive Officer, effective March 31, 2025. Alexus, 40, joins from Ericsson where he served as Executive, Global Head of Innovation and Founder of Ericsson ONE since 2018.

The appointment comes at a important time as Neonode aims to reshape its business model, focusing on licensing proprietary technologies to leading suppliers and OEMs while pursuing profitability. Alexus brings significant experience from various senior roles at Ericsson since 2010 and holds a Master of Science in Engineering & Management from KTH Royal Institute of Technology in Stockholm.

Neonode (NASDAQ: NEON) reported its fiscal year 2024 financial results, showing revenues from continuing operations of $3.1 million, down 18.8% year-over-year. The company posted a loss from continuing operations of $5.9 million, or $0.37 per share, compared to $5.1 million in 2023.

License revenues decreased 29.3% to $2.7 million, primarily due to lower demand in printer and passenger car touch applications. However, non-recurring engineering revenues increased significantly by 1,519.2% to $0.4 million, driven by a DMS project with a commercial vehicle OEM and a new agreement with NEXTY Electronics.

The company maintained stable operating expenses at $9.5 million and ended the year with $17.2 million in cash and accounts receivable. Following the discontinuation of Touch Sensor Module manufacturing, Neonode is now focusing entirely on technology licensing through its MultiSensing® and zForce® platforms.

Neonode (NASDAQ: NEON) reported Q3 2024 financial results, focusing on its continuing licensing business after discontinuing its products division in Q4 2023. Q3 revenues were $0.8 million, slightly down 0.2% year-over-year, with a net loss of $1.0 million ($0.07 per share). For the nine months ended September 30, revenue decreased 21% to $2.5 million, with a net loss of $4.4 million. The company highlighted new TSM technology agreements with NEXTY Electronics and YesAR, while noting decreased licensing revenues from legacy customers in printer and passenger car applications. Cash and accounts receivable stood at $18.6 million as of September 30, 2024.

Neonode Inc. (NASDAQ: NEON) has announced the appointment of Peter Kruk to its Board of Directors as a Class II director. Mr. Kruk currently serves as the CEO and board member of NCAB Group AB, a Nasdaq Stockholm-listed company specializing in printed circuit board production. He brings extensive experience in global industrial leadership, having previously held positions as President of the EMEA region at Dometic Group and President of Electronics at Stoneridge Inc.

Ulf Rosberg, Chairman of the Board, expressed enthusiasm about Kruk's appointment, highlighting his general management experience and deep knowledge of the automotive industry. Kruk himself stated his excitement about joining Neonode's Board, praising the company's history of innovation and pioneering technology.