NEON Neonode, Inc.
Neonode, Inc. engages in the touch technology licensing and sensor module business. It develops optical touch and gesture solutions for human interaction with devices. The company 's patented optical interactive sensing technology is developed for devices like automotive systems, printers, PC devices, monitors, mobile phones, tablets and e-readers. Neonode was founded by Thomas Eriksson Bjorn on September 4, 1997 and is headquartered in Stockholm, Sweden.
Company profile
Ticker
NEON
Exchange
Website
CEO
Urban Forssell
Employees
Incorporated in
Location
Fiscal year end
Industry (SEC)
Former names
Neonode, Inc, Sbe Inc
SEC CIK
Corporate docs
IRS number
941517641
NEON stock data
()
Investment data
Securities sold
Number of investors
Calendar
13 May 20
15 Jul 20
31 Dec 20
News
Company financial data Financial data
| Quarter (USD) | Mar 20 | Dec 19 | Sep 19 | Jun 19 | |
|---|---|---|---|---|---|
| Revenue | 1.29M | 1.61M | 1.31M | 1.71M | |
| Net income | -1.11M | -2.59M | -1.2M | -1.33M | |
| Diluted EPS | -0.11 | -0.27 | -0.12 | -0.14 | |
| Net profit margin | -85.94% | -160% | -91.53% | -77.78% | |
| Operating income | -1.09M | -2.56M | -1.19M | -1.31M | |
| Net change in cash | -1.17M | -668K | -1.61M | -1.18M | |
| Cash on hand | 1.19M | 2.36M | 3.03M | 4.64M | |
| Cost of revenue | 44K | 447K | 64K | 71K |
| Annual (USD) | Dec 19 | Dec 18 | Dec 17 | Dec 16 | |
|---|---|---|---|---|---|
| Revenue | 6.65M | 8.54M | 10.24M | 10.21M | |
| Net income | -5.8M | -3.94M | -5.5M | -5.65M | |
| Diluted EPS | -0.6 | -0.52 | -0.89 | -0.12 | |
| Net profit margin | -87.30% | -46.17% | -53.66% | -55.31% | |
| Operating income | -5.73M | -3.88M | -5.48M | -5.14M | |
| Net change in cash | -4.2M | 759K | 2.32M | 394K | |
| Cash on hand | 2.36M | 6.56M | 5.8M | 3.48M | |
| Cost of revenue | 683K | 921K | 2.34M | 1.34M |
Financial data from Neonode earnings reports
Institutional ownership Q1 2020
5.8% owned by funds/institutions
13F holders |
Current |
|---|---|
| Total holders | 10 |
| Opened positions | 2 |
| Closed positions | 2 |
| Increased positions | 2 |
| Reduced positions | 1 |
13F shares |
Current |
|---|---|
| Total value | 941K |
| Total shares | 532.32K |
| Total puts | 0 |
| Total calls | 0 |
| Total put/call ratio | – |
Largest owners |
Shares | Value |
|---|---|---|
| AWM Investment | 356.21K | $630K |
| BLK BlackRock | 96.56K | $171K |
| Vanguard | 44.97K | $80K |
| Geode Capital Management | 18.44K | $32K |
| MS^L Morgan Stanley | 7K | $12K |
| UBS UBS | 6.63K | $12K |
| BAC Bank of America | 1.74K | $3K |
| BCS Barclays | 747 | $1K |
| WFC^Z Wells Fargo & Company | 31 | $0 |
| Proequities | 0 | $0 |
Financial report summary
?Management Discussion
- All of our sales for the three months ended March 31, 2020 and 2019 were to customers located in the U.S., Europe and Asia.
- Since January 1, 2020, we have allocated revenues to three different business areas. Revenues allocated to HMI Solutions consists of license fees and non-recurring engineering revenues allocated thereto while revenues allocated to HMI Products derive from sale of sensor modules and non-recurring engineering revenues allocated thereto. We expect future revenues within our Remote Sensing Solutions business area to derive from license fees and non-recurring engineering revenues.
- The decrease of 36% in total net revenues for the three-month period in 2020 as compared to the same period in 2019 was primarily related to lower printer license revenues from HP, Epson and Amazon. This was partly offset by higher module sales and non-recurring engineering revenues in the first quarter of 2020. The decrease in revenues was also the result of lower estimates for unbilled license fees. In accordance with our revenue recognition policy, we record unbilled license fees using prior royalty revenue data. For the three months ended March 31, 2020, due to the uncertainty in the global economy, we recorded lower estimated license fees than in the same period in 2019.
Content analysis
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New words:
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Removed:
aerospace, AIR, alternative, amendment, American, announced, apply, ASC, assessed, back, begin, beneficiary, brand, CeCop, certificate, Codification, commencement, comparative, comply, concentration, connection, conserve, Convergence, core, Delaware, detection, discounted, earliest, effectively, eligible, enactment, ensure, entitled, exclusively, exist, expire, explore, facilitate, February, file, filed, forward, Fourteen, fractional, Hakan, improved, incorporation, individually, issue, law, led, legislation, Lindell, Lindqvist, manage, mandatory, medical, meet, military, modified, month, nonrecurring, noted, NRE, obtained, offering, optional, par, Persson, Peter, placement, preferable, Propoint, reclassifying, recording, recoverable, reimburse, reimbursed, repatriation, representation, restated, retroactively, retrospective, Rosberg, scale, segregate, shareholder, shelf, small, solution, split, ST, state, STMicro, supplement, tablet, temporary, track, transition, transitioning, twelve, Ulf, user, zForce
Financial reports
10-Q
2020 Q1
Quarterly report
13 May 20
10-K/A
2019 FY
Annual report (amended)
29 Apr 20
10-K
2019 FY
Annual report
11 Mar 20
10-Q
2019 Q3
Quarterly report
6 Nov 19
10-Q
2019 Q2
Quarterly report
14 Aug 19
10-Q
2019 Q1
Quarterly report
8 May 19
10-K
2018 FY
Annual report
7 Mar 19
10-Q
2018 Q3
Quarterly report
8 Nov 18
10-Q
2018 Q2
Quarterly report
9 Aug 18
10-Q
2018 Q1
Quarterly report
8 May 18
Current reports
8-K
Entry into a Material Definitive Agreement
22 Jun 20
8-K
Regulation FD Disclosure
9 Jun 20
8-K
Results of Operations and Financial Condition
13 May 20
8-K
Results of Operations and Financial Condition
11 Mar 20
8-K
Results of Operations and Financial Condition
6 Nov 19
8-K
Neonode Announces Appointment of new CEO
23 Oct 19
8-K
Departure of Directors or Certain Officers
3 Sep 19
8-K
Results of Operations and Financial Condition
14 Aug 19
8-K
Material Modifications to Rights of Security Holders
1 Jul 19
8-K
Departure of Directors or Certain Officers
12 Jun 19
Registration and prospectus
S-3
Shelf registration
15 Mar 17
424B3
Prospectus supplement
13 Sep 16
S-3
Shelf registration
2 Sep 16
D
$8.7M in equity / options / securities to be acquired, sold $8.66M, 21 investors
26 Aug 16
424B5
Prospectus supplement for primary offering
7 Oct 15
S-8
Registration of securities for employees
15 Jul 15
S-3
Shelf registration
30 May 14
S-3
Shelf registration
30 May 14
D
$22.73M in equity / options / securities to be acquired, sold $22.73M, 1 investor
19 May 14
S-8
Registration of securities for employees
22 Nov 13
Proxies
DEFA14A
Additional proxy soliciting materials
26 Apr 19
DEF 14A
Definitive proxy
26 Apr 19
PRE 14A
Preliminary proxy
12 Apr 19
DEF 14A
Definitive proxy
26 Apr 18
DEFA14A
Additional proxy soliciting materials
26 Apr 18
PRE 14A
Preliminary proxy
16 Apr 18
DEFA14A
Additional proxy soliciting materials
19 Sep 17
DEF 14A
Definitive proxy
22 Aug 17
DEFA14A
Additional proxy soliciting materials
22 Aug 17
PRE 14A
Preliminary proxy
11 Aug 17
Other
SD
Conflict minerals disclosure
28 May 20
SD
Conflict minerals disclosure
24 May 19
SD
Conflict minerals disclosure
25 May 18
UPLOAD
Letter from SEC
15 Sep 17
CORRESP
Correspondence with SEC
7 Sep 17
UPLOAD
Letter from SEC
23 Aug 17
SD
Conflict minerals disclosure
31 May 17
EFFECT
Notice of effectiveness
24 Mar 17
CORRESP
Correspondence with SEC
22 Mar 17
UPLOAD
Letter from SEC
21 Mar 17
Ownership
SC 13G/A
Neonode / AWM Investment ownership change
10 Jun 20
SC 13G
Neonode / Forsakringsaktiebolaget Avanza Pension ownership change
3 Jun 20
SC 13G/A
Beneficial ownership report (amended)
12 Feb 20
SC 13G/A
Neonode Inc.
12 Feb 20
3
Neonode / Urban Forssell ownership change
10 Jan 20
3
Neonode / Lars, Goran Lindqvist ownership change
4 Sep 19
3
Neonode / Mattias Bergman ownership change
21 Jun 19
3/A
Neonode / Peter Lindell ownership change
21 Jun 19
SC 13D/A
Neonode Inc.
21 Jun 19
3
Neonode / Maria Anne-Lee Charlotte Ek ownership change
3 Jun 19
Patents
APP
Utility
Optical Proximity Sensor
28 May 20
A sensor including lenses, light emitters, each emitter projecting light out of a lens in a particular emission direction along a detection plane, light detectors, each detector detecting maximum light intensity when light enters a lens at a particular detection angle, a table of hotspots, each hotspot corresponding to an emitter-detector pair, the hotspot being a two-dimensional location in the detection plane along the emission direction of the emitter of the pair where projected light reflected by an object placed at that location, enters the lens for the detector of the pair at the detection angle of the detector, and a processor receiving outputs from the detectors corresponding to detected amounts of projected light reflected by an object in the detection plane, and calculating a two-dimensional location of the object in the detection plane based on the received outputs and based on hotspots for synchronously activated emitter-detector pairs.
APP
Utility
Optical Proximity Sensors
14 May 20
A sensor including multiple sensor modules and a processor, each sensor module including lenses, light detectors, each detector positioned along the image plane of a lens so as to receive maximum light intensity when light enters the lens at a particular angle, light emitters, each emitter being positioned in relation to a 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 outputs from the detectors corresponding to amounts of projected light reflected by an object in the detection zone to the detectors, and calculating a two-dimensional location of the object in the detection zone based on the detector outputs and the particular angle, wherein neighboring modules monitor different detection zones, and the processor receiving outputs from the sensor modules and mapping the object location in multiple detection zones over time.
APP
Utility
Optical Proximity Sensor and Associated User Interface
19 Mar 20
A sensor, including light emitters projecting directed light beams, light detectors interleaved with the light emitters, lenses, each lens oriented relative to a respective one of the light detectors such that the light detector receives maximum intensity when light enters the lens at an angle b, whereby, for each emitter E, there exist corresponding target positions p(E, D) along the path of the light from emitter E, at which an object located at any of the target positions reflects the light projected by emitter E towards a respective one of detectors D at angle b, and a processor storing a reflection value R(E, D) for each co-activated emitter-detector pair (E, D), based on an amount of light reflected by an object located at p(E, D) and detected by detector D, and calculating a location of an object based on the reflection values and target positions.
GRANT
Utility
Optical proximity sensor
10 Mar 20
A method for identifying a proximal object, including providing light emitters, light detectors and lenses, mounted in a housing, each lens, denoted L, being positioned in relation to a respective one of the detectors, denoted D, such that light entering lens L is maximally detected at detector D when the light enters lens L at an angle of incidence θ, activating the detectors synchronously with activation of each emitter to measure reflections of the light beams emitted by each emitter, and calculating a location of a reflective object along a path of a light beam projected by an activated emitter, by calculating an axis of symmetry with respect to which the outputs of the synchronously activated detectors are approximately symmetric, orienting the calculated axis of symmetry by the angle θ, and locating a point of intersection of the path of the emitted light beam with the oriented axis of symmetry.
GRANT
Utility
Optical proximity sensors
14 Jan 20
A proximity sensor, including a housing, an array of lenses mounted in the housing, an array of alternating light emitters and light detectors mounted in the housing, each detector being positioned along the image plane of a respective one of the lenses so as to receive maximum light intensity when light enters the lens at a particular angle, an activating unit mounted in the housing and connected to the emitters and detectors, synchronously co-activating each emitter with at least one of the detectors, each activated emitter projecting light out of the housing along a detection plane, and a processor receiving outputs from the detectors corresponding to amounts of projected light reflected by an object in the detection plane to the detectors, and calculating a two-dimensional location of the object in the detection plane based on the detector outputs and the particular angle.