Neonode Inc. is a publicly traded company, headquartered in Stockholm, Sweden and established in 2001. The company provides advanced optical sensing solutions for contactless touch, touch, gesture control, and in-cabin monitoring. Building on experience acquired during years of advanced R&D and technology licensing, Neonode's technology is currently deployed in more than 75 million products and the company holds more than 120 patents worldwide. Neonode's customer base includes some of the world's best-known Fortune 500 companies in the consumer electronics, office equipment, medical, avionics, and automotive industries. Neonode operates in three business areas: HMI Solutions, HMI Products and Remote Sensing Solutions. In HMI Solutions, Neonode offers customized touch and gesture control solutions for different markets and segments, including the military & avionics and industrial segments. In HMI Products, the company provides standardized sensor modules for contactless touch, touch and gesture sensing applications relevant to many industries, including the elevator and interactive kiosk segments. In Remote Sensing Solutions, Neonode offers software solutions for driver and in-cabin monitoring in vehicles.
Company profile
Ticker
NEON
Exchange
Website
CEO
Urban Forssell
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
Neonode, Inc, SBE INC
SEC CIK
Corporate docs
Subsidiaries
Neonode Technologies AB • Neonode Japan Inc. • Neonode Korea Ltd. ...
IRS number
941517641
NEON stock data
Press releases
Investment data
Securities sold
Number of investors
Calendar
11 May 22
26 Jun 22
31 Dec 22
Financial summary
| Quarter (USD) | Mar 22 | Dec 21 | Sep 21 | Jun 21 | |
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| Annual (USD) | Dec 21 | Dec 20 | Dec 19 | Dec 18 | |
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| Diluted EPS |
| Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
|---|---|---|---|---|---|---|
| Cash on hand (at last report) | 15.13M | 15.13M | 15.13M | 15.13M | 15.13M | 15.13M |
| Cash burn (monthly) | 752.33K | (no burn) | 464.33K | 573.42K | 759.67K | 663.92K |
| Cash used (since last report) | 2.16M | n/a | 1.33M | 1.65M | 2.18M | 1.91M |
| Cash remaining | 12.97M | n/a | 13.79M | 13.48M | 12.95M | 13.22M |
| Runway (months of cash) | 17.2 | n/a | 29.7 | 23.5 | 17.0 | 19.9 |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 17 May 22 | Cecilia Edstrom | Common Stock | Grant | Acquire A | No | No | 0 | 4,000 | 0 | 4,000 |
| 17 Dec 21 | Fredrik Nihlen | Common Stock | Grant | Acquire A | No | No | 0 | 3,360 | 0 | 16,190 |
| 17 Dec 21 | Urban Forssell | Common Stock | Grant | Acquire A | No | No | 0 | 6,125 | 0 | 123,922 |
| 12 Aug 21 | Fredrik Nihlen | Common Stock, par value $0.001 | Grant | Acquire A | No | No | 0 | 12,830 | 0 | 12,830 |
Institutional ownership, Q1 2022
25.8% owned by funds/institutions
| 13F holders | Current |
|---|---|
| Total holders | 17 |
| Opened positions | 2 |
| Closed positions | 6 |
| Increased positions | 3 |
| Reduced positions | 5 |
| 13F shares | Current |
|---|---|
| Total value | 34.58M |
| Total shares | 3.5M |
| Total puts | 0 |
| Total calls | 11.4K |
| Total put/call ratio | – |
| Largest owners | Shares | Value |
|---|---|---|
| Lindell Peter | 1.78M | $19.46M |
| Forsakringsaktiebolaget Avanza Pension | 1.16M | $11.67M |
| AWM Investment | 263.17K | $1.6M |
| Vanguard | 82.21K | $499K |
| BLK Blackrock | 79.85K | $485K |
| Geode Capital Management | 58.3K | $354K |
| Renaissance Technologies | 39.21K | $238K |
| STT State Street | 21.41K | $130K |
| NTRS Northern Trust | 15.68K | $95K |
| MS Morgan Stanley | 5K | $30K |
Content analysis
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| Negative | ||
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| Constraining | ||
| Legalese | ||
| Litigous | ||
| Readability |
H.S. freshman Avg
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New words:
broad, cancelled, chain, commodity, counteractive, disrupt, elevator, Eleven, energy, escalate, EU, exacerbate, expand, export, exporter, feature, globe, half, inflation, infrastructure, linked, longer, month, move, negotiated, Northern, overhead, pending, precise, procure, prolong, recovery, residual, resistant, Russia, source, supply, UK, Ukraine, unavailability, unemployment, vaccine, volatility, war
Removed:
accessory, accredited, CA, closing, conversion, covering, Daesung, declared, delivering, derive, designated, Designation, disaggregated, driver, eliminate, Elimination, embedded, entitled, evidence, experiencing, found, functionality, Health, higher, initiate, institutional, involved, Jose, Korea, mitigate, notebook, partner, paused, play, plug, powered, renew, resulted, Road, San, Seoul, Simplifying, Thirteen, troubled, undertaken, unissued, World, Zanker
Financial reports
Current reports
8-K
Neonode Announces Adjournment of Annual Meeting of Stockholders
22 Jun 22
8-K
Neonode Announces Adjournment of Annual Meeting of Stockholders
9 Jun 22
8-K
Neonode Announces Changes to the Composition of its Board of Directors
15 May 22
8-K
Results of Operations and Financial Condition
11 May 22
8-K
Results of Operations and Financial Condition
10 Mar 22
8-K
Results of Operations and Financial Condition
10 Nov 21
8-K
Neonode Announces $14 Million Registered Direct Offering
21 Oct 21
8-K
Other Events
30 Sep 21
8-K
Results of Operations and Financial Condition
11 Aug 21
8-K
Submission of Matters to a Vote of Security Holders
10 Jun 21
Registration and prospectus
424B5
Prospectus supplement for primary offering
21 Oct 21
S-8
Registration of securities for employees
2 Nov 20
424B3
Prospectus supplement
21 Sep 20
S-3/A
Shelf registration (amended)
17 Sep 20
D
$13.89M in equity, sold $13.89M, 21 investors
20 Aug 20
424B3
Prospectus supplement
12 Sep 16
S-3
Shelf registration
1 Sep 16
Proxies
DEFA14A
Additional proxy soliciting materials
26 Apr 22
DEFA14A
Additional proxy soliciting materials
26 Apr 21
DEFA14A
Additional proxy soliciting materials
18 Sep 20
DEFA14A
Additional proxy soliciting materials
4 Sep 20
DEFA14A
Additional proxy soliciting materials
20 Aug 20
DEF 14A
Definitive proxy
20 Aug 20
PRER14A
Preliminary revised proxy
17 Aug 20
PRE 14A
Preliminary proxy
10 Aug 20
Other
EFFECT
Notice of effectiveness
19 May 21
CORRESP
Correspondence with SEC
16 May 21
CORRESP
Correspondence with SEC
13 May 21
UPLOAD
Letter from SEC
12 May 21
EFFECT
Notice of effectiveness
21 Sep 20
CORRESP
Correspondence with SEC
16 Sep 20
UPLOAD
Letter from SEC
10 Sep 20
SD
Conflict minerals disclosure
28 May 20
SD
Conflict minerals disclosure
24 May 19
SD
Conflict minerals disclosure
25 May 18
Ownership
SC 13G/A
Neonode / Forsakringsaktiebolaget Avanza Pension ownership change
10 Jun 22
4
Neonode / Cecilia Edstrom ownership change
19 May 22
3
Neonode / Cecilia Edstrom ownership change
19 May 22
4/A
Neonode / Mattias Bergman ownership change
10 Jan 22
4
Neonode / Fredrik Nihlen ownership change
21 Dec 21
4
Neonode / Urban Forssell ownership change
21 Dec 21
4/A
Neonode / Urban Forssell ownership change
21 Dec 21
SC 13D/A
Neonode / Lindell Peter ownership change
17 Nov 21
SC 13G/A
Neonode / AWM Investment ownership change
8 Oct 21
SC 13G/A
Neonode / Forsakringsaktiebolaget Avanza Pension ownership change
7 Oct 21
Patents
Utility
Optical Touch Sensor
31 Mar 22
An optical sensor including lenses along two opposite edges of a detection area, light emitters mounted along a specific one of the edges, each emitter projecting light beams through a respective one of the lenses, wherein the lenses split the projected emitter light into a plurality of divergent light beams directed across the detection area to respective pluralities of lenses along the edge of the detection area opposite the specific edge, wherein light intensity of each directed light beam is maximized along its center and an intensity distribution within each directed beam is known, light detectors along the edge opposite the specific edge, each detector receiving light directed across the detection area through a respective one of the lenses, and a processor receiving outputs from the detectors and calculating object locations in the detection area based on the known intensity distribution within each directed light beam and the received outputs.
Utility
Motorist User Interface Sensor
3 Feb 22
A steering wheel that includes optoelectronic components, each specific optoelectronic component including a light projector projecting light out of the steering wheel at two different angles, denoted a1 and a2, a light sensor detecting reflections of the light projected by neighboring optoelectronic components by an object above the steering wheel, a lens oriented relative to the light sensor such that the light sensor receives maximum intensity when light enters the lens at either of two particular angles, specifically, when light enters the lens at a particular angle b1, and at a particular angle b2 different than b1, wherein angle b1 views reflections of light projected at angle a1 by the optoelectronic component neighboring the specific optoelectronic component on one side, and angle b2 views reflections of light projected at angle a2 by the optoelectronic component neighboring the specific optoelectronic component on the side opposite the one side.
Utility
Optical Proximity Sensors
11 Nov 21
A sensor determining coordinates of a proximal object, including a one-dimensional array of alternating light emitters and detectors, including a plurality of light emitters projecting light along a detection plane, and a plurality of light detectors detecting reflections of the projected light, by a reflective object in the detection plane, and a plurality of lenses mounted and oriented relative to the emitters and the detectors such that the light detectors receive maximum intensity when light enters a corresponding lens at a first particular angle, whereby for each emitter-detector pair, light emitted by the emitter of that pair passes through one of the lenses and is reflected by the object back through one of the lenses to the detector of that pair when the object is located at one of a set of positions in the detection plane, that position being associated with that emitter-detector pair.
Utility
Optical proximity sensors
27 Jul 21
A modular proximity sensor including a plurality of sensor modules, each sensor module including a housing, lenses, light detectors, each detector positioned along the image plane of a respective lens so as to receive maximum light intensity when light enters the lens at a particular angle, light emitters, each emitter positioned in relation to a respective lens so as to project light into a detection zone, an activating unit synchronously co-activating each emitter with at least one of the detectors, and a calculating unit receiving detector outputs corresponding to amounts of projected light reflected by an object in the detection zone, and calculating a two-dimensional location of the object in the detection zone based on the detector outputs and the particular angle, wherein neighboring sensor modules monitor different detection zones, and a processor receiving outputs from each sensor module and mapping the object location in multiple detection zones over time.
Utility
Multi-plane Reflective Sensor
22 Jul 21
An optical assembly including a reflectance-based sensor emitting light into a detection plane and detecting reflections of the emitted light, reflected by an object located in the detection plane, a light redirector positioned away from the sensor redirecting light emitted by the sensor into one or more spatial planes parallel to the detection plane and, when the object is located in the one or more spatial planes, redirecting light reflected by the object into the detection plane, and a processor controlling light emitted by the sensor and receiving outputs from the sensor, and configured such that when an object passes through one or more of the spatial planes, the processor identifies both the spatial planes through which the object passes, and the location of the object within the spatial planes through which it passes, based on the received outputs and the position of the light redirector relative to the sensor.
Transcripts
2022 Q1
Earnings call transcript
12 May 22
2021 Q4
Earnings call transcript
10 Mar 22
2021 Q3
Earnings call transcript
10 Nov 21
2021 Q2
Earnings call transcript
11 Aug 21
2021 Q1
Earnings call transcript
12 May 21
2020 Q4
Earnings call transcript
10 Mar 21
2020 Q3
Earnings call transcript
10 Nov 20
2020 Q2
Earnings call transcript
14 Aug 20
2018 Q4
Earnings call transcript
12 Mar 19
2018 Q3
Earnings call transcript
9 Nov 18
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