Every 10-Q that Neonode Inc. (NEON) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow NEON and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full NEON filings page.
Neonode Inc. reported very small revenues and continued losses for the quarter ended June 30, 2026. Total revenues were $0.48 million, down 20.4% from $0.60 million a year earlier, as non‑recurring engineering work declined sharply, partly offset by higher license fees. Gross margin remained high at 98.1%.
The company recorded a loss from continuing operations of $2.14 million for the quarter and $4.00 million for the first half, slightly worse than 2025. Operating cash outflow was $4.00 million for the first six months. Cash and cash equivalents were $21.3 million and working capital was $20.3 million as of June 30, 2026; management believes this is sufficient to fund operations for at least twelve months. Customer concentration is high, with a handful of OEM and technology companies providing most receivables and revenues. The company continues to report material weaknesses in internal control over financial reporting related to IT general controls, segregation of duties, and income tax calculations, and is implementing remediation steps. An at‑the‑market equity facility of up to $10 million remains available but unused.
Neonode Inc. reported higher revenue but continued losses for the quarter ended March 31, 2026. Total revenue was $614,000, up from $513,000 a year earlier, driven mainly by increased license fees. Gross margin remained very high at 99.3%, reflecting its asset‑light licensing model.
The company recorded a net loss from continuing operations of $1.9 million, similar to the prior year, or $0.11 per share. Cash and cash equivalents were $23.2 million, and management believes this is sufficient to fund operations for at least twelve months. Working capital totaled $22.3 million.
Neonode continues to focus on software-based machine perception solutions, primarily for automotive and IT & industrial markets, with Japan representing a large share of revenue. The company maintains an at-the-market equity program it has not used this quarter and is working to remediate previously identified material weaknesses in internal control over financial reporting.
Neonode Inc. reported a sharp swing to profit in Q3 2025, driven by a one-time gain from a patent assignment. Revenue was $0.43 million (down 48.7% year over year), with gross margin of 97.9%. Operating expenses were $2.12 million. The company recognized a $19.39 million gain and a related $3.88 million broker fee, lifting operating income to $13.81 million and net income to $14.18 million (vs. a $1.09 million loss a year ago).
Year-to-date, revenue was $1.54 million (down 37.1%), with $10.58 million net income. Cash and equivalents were $11.59 million at quarter end, and operating cash flow for the nine months was $(4.64) million. Customer concentration remained high in the quarter, led by Seiko Epson 46.3%, Hewlett‑Packard 21.5%, and Alps Alpine 15.0%. In September 2025, Neonode transitioned its zForce platform to maintenance mode while continuing to support existing customers. Shares outstanding were 16,782,922 as of November 3, 2025.
Neonode Inc. reported total revenues of $0.6 million for the quarter and $1.1 million for the six months ended June 30, 2025, declines of 25.2% and 31.1% versus 2024 driven primarily by lower license fees. License revenues fell to $404,000 for the quarter and $901,000 for six months, down about 34% and 35% year-over-year as demand weakened in printer and passenger car touch applications. Gross margin remained very high at approximately 99% for the quarter and 98.7% for six months, reflecting low direct cost of revenues.
Net loss was $1.9 million for the quarter and $3.6 million for six months, with operating losses widening as R&D and payroll costs increased. Cash and cash equivalents were $13.2 million at June 30, 2025 and management states it believes this is sufficient to meet obligations for a year from issuance. Accounts receivable concentration is high: three customers represented approximately 95% of receivables. The company also discloses material weaknesses in internal controls over financial reporting related to IT general controls and tax calculations. The Ladenburg ATM facility of up to ~$10 million remains available but no shares were sold during the period.