Neonode Inc. develops software and optical sensing solutions for machine perception, contactless touch and gesture sensing. Its updates center on the MultiSensing platform, including computer vision and AI applications for in-cabin sensing and driver monitoring, and on the zForce platform used by existing touch-technology customers.
Company developments also cover financial results, license revenue trends, customer projects in automotive and other regulated or technology-demanding markets, and the continuing shift away from legacy printer and automotive infotainment revenue. Recurring corporate items include commercial leadership changes, annual-meeting and proxy matters, and proceeds tied to patents previously assigned to Aequitas Technologies.
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.
Neonode Inc. (NASDAQ: NEON) has terminated its corporate broking services agreement with Redeye AB. This agreement had previously provided Neonode with financial advisory and investor relation services. Despite this change, Neonode remains committed to enhancing shareholder value and will be exploring alternative options to ensure effective communication with its stakeholders and the broader investment community.
For further information, stakeholders are directed to contact Fredrik Nihlén, the Interim President and Chief Executive Officer, as well as Chief Financial Officer of Neonode.
Neonode Inc. (NASDAQ: NEON) has announced a new license agreement for its Touch Sensor Module (TSM) technology with NEXTY Electronics , part of the Toyota Tsusho Group. The agreement, focused on the Japanese amusement market, includes an upfront technology access fee and future royalties, with an estimated value of US$2–3 million over the next four to five years.
NEXTY Electronics will manufacture TSMs in Japan using Neonode's latest offering, primarily based on surface-mount technology (SMT). This technology enables touch interactivity on larger displays and surfaces at a lower cost than alternatives. The decision to license Neonode's TSM technology is seen as a vote of confidence in Neonode's licensing-focused business strategy and innovative technologies.