Neonode Inc Stock Price, News & Analysis

Neonode (NASDAQ: NEON) reported challenging Q2 2025 financial results, with revenues from continuing operations declining 25.2% to $0.6 million. The company posted a loss of $2.0 million ($0.12 per share), compared to a loss of $1.7 million in Q2 2024.

License revenues decreased 34.2% to $0.4 million, primarily due to lower demand in printer and automotive infotainment markets. Operating expenses increased 5.3% to $2.7 million. Cash and accounts receivable stood at $13.6 million as of June 30, 2025, down from $17.2 million at year-end 2024.

CEO Daniel Alexus emphasized the company's focus on expanding opportunities through their MultiSensing® and zForce® technology platforms, aiming to offset declining legacy business revenues as new customers transition from deployment to production phase.

Neonode (NASDAQ: NEON) announced the adjournment of its reconvened 2025 Annual Meeting of Stockholders on June 26, 2025, due to lack of required quorum. The meeting has been rescheduled for July 3, 2025, at 3:00 p.m. local time at the company's Stockholm office.

The record date remains April 21, 2025, and previously submitted proxies will remain valid. The Board unanimously recommends stockholders vote FOR all proposals and urges all stockholders who haven't voted to do so to ensure quorum is reached.

Neonode (NASDAQ: NEON) announced the adjournment of its 2025 Annual Meeting of Stockholders due to lack of quorum. The meeting, initially scheduled for June 12, 2025, will reconvene on June 26, 2025, at 3:00 p.m. local time at the company's Stockholm office. The record date remains April 21, 2025, and previously submitted proxies will remain valid. The Board unanimously recommends stockholders vote FOR all proposals. The company emphasizes the importance of stockholder participation to reach quorum, as the meeting cannot proceed without sufficient voter turnout. All meeting materials are available on the company's proxy portal.

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.