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NEON Neonode

Neonode Inc is a publicly traded company, headquartered in Stockholm, Sweden and established in 2001. The company provides optical sensing solutions for touch, gesture control, and remote sensing. Neonode technology is currently deployed in more than 73 million products and the company holds more than 120 patents worldwide. Neonode’s customer base includes 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 optical touch and gesture control solutions. In HMI Products, Neonode provides plug-and-play sensor modules that enable touch on any surface, in-air touch, and gesture control. In Remote Sensing Solutions, Neonode offers a software platform for driver and cabin monitoring.

Company profile

Ticker
NEON
Exchange
Website
CEO
Urban Forssell
Employees
Incorporated
Location
Fiscal year end
Former names
Neonode, Inc, SBE INC
SEC CIK
IRS number
941517641

NEON stock data

(
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Investment data

Data from SEC filings
Securities sold
Number of investors

Calendar

10 Mar 21
22 Apr 21
31 Dec 21
Quarter (USD)
Dec 20 Sep 20 Jun 20 Mar 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from Neonode earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 10.47M 10.47M 10.47M 10.47M 10.47M 10.47M
Cash burn (monthly) 579.67K (positive/no burn) 535.67K 518.58K 681.67K 479.33K
Cash used (since last report) 2.17M n/a 2M 1.94M 2.55M 1.79M
Cash remaining 8.3M n/a 8.47M 8.53M 7.92M 8.68M
Runway (months of cash) 14.3 n/a 15.8 16.5 11.6 18.1

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
29 Dec 20 Urban Forssell Common Stock Grant Aquire A No No 0 17,797 0 17,797
29 Dec 20 Mattias Bergman Common Stock Grant Aquire A No No 0 4,237 0 4,237
29 Sep 20 Rosberg Ulf Common Stock Conversion Aquire C Yes No 6.5 264,112 1.72M 1,854,068
29 Sep 20 Rosberg Ulf Series C-2 5% Convertible Preferred Stock Common Stock Conversion Dispose C Yes No 0 1,716.728 0 0
29 Sep 20 Lindell Peter Common Stock Conversion Aquire C Yes No 6.5 264,112 1.72M 1,799,032
29 Sep 20 Lindell Peter Series C-2 5% Convertible Preferred Stock Common Stock Conversion Dispose C Yes No 0 1,716.728 0 0
29 Sep 20 Urban Forssell Common Stock Conversion Aquire C No No 6.5 100,000 650K 100,000
29 Sep 20 Urban Forssell Series C-2 5% Convertible Preferred Stock Common Stock Conversion Dispose C No No 0 650 0 0

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

13.3% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 2 2
Opened positions 0 1 EXIT
Closed positions 0 12 EXIT
Increased positions 0 1 EXIT
Reduced positions 0 0
13F shares
Current Prev Q Change
Total value 10.32M 10.32M
Total shares 1.53M 1.53M
Total puts 0 0
Total calls 0 0
Total put/call ratio
Largest owners
Shares Value Change
Forsakringsaktiebolaget Avanza Pension 872.36K $5.89M 0.0%
AWM Investment 656.62K $4.43M 0.0%
Largest transactions
Shares Bought/sold Change
AWM Investment 656.62K 0 0.0%
Forsakringsaktiebolaget Avanza Pension 872.36K 0 0.0%

Financial report summary

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Management Discussion
  • All of our sales for the years ended December 31, 2020 and 2019 were to customers located in the United States, Europe and Asia.
  • The decrease in total net revenues by 10.0% for the year ended December 31, 2020 as compared to 2019 was primarily caused by lower licensing revenues, offset by higher sensor modules sales.
  • License fees were the majority of our total revenue in the past three years and decreased by 23% in 2020 as compared to 2019, primarily due to a 27% decrease in license fees earned from our customer within consumer electronics and 13% decrease in license fees earned from our automotive customers. The decrease is related to the generally slower sales due to the COVID-19 pandemic in combination with declining volumes from aging customer contracts.
Content analysis
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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. freshman Good
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Patents

APP
Utility
Contactless Control Panel
18 Mar 21
A contactless input method for an electronic device or other equipment, including projecting focused light beams from a series of locations along an edge of a control panel including a matrix of controls for an electronic device or other equipment, across a plane in an airspace in front of the controls, whereby the projected light beams traverse an area equal in size to the area of the matrix, detecting reflections of the projected light beams reflected by an object inserted into the plane, identifying which light beams are reflected, further identifying an angle at which the detected light beams are reflected, calculating a location in the plane at which the object is inserted based on the detecting, identifying and further identifying, and outputting the calculated location from the sensor to the electronic device or other equipment as an actuated corresponding location on the control panel.
GRANT
Utility
Interactive virtual display
16 Mar 21
An interactive mid-air display including a display that presents a graphical user interface (GUI), optics projecting and rotating the GUI above the display such that the GUI is visible in-air in a plane rotated away from the display, a sensor including light emitters projecting beams towards the projected GUI, light detectors detecting reflections of the beams by objects interacting with the projected GUI, and a lens structure maximizing detection at each detector for light entering the lens structure at a respective location at a specific angle θ, whereby for each emitter-detector pair, maximum detection of light corresponds to the object being at a specific location in the projected GUI, in accordance with the locations of the emitter and detector and the angle θ, and a processor mapping detections of light for emitter-detector pairs to corresponding locations in the projected GUI, and translating the mapped locations to coordinates on the display.
APP
Utility
Optics for Vehicle Occupant Monitoring Systems
25 Feb 21
A focusing optical part, including a plastic body, suitable for being delivered on a tape and reel and mounted on a PCB by an automated mounting machine, the plastic body including a concave mirror including a center aperture input surface through which light enters the plastic body, a convex mirror opposite the center aperture, wherein the concave mirror and the convex mirror form a reflective objective that reflects and focuses the light inside the plastic body, and an exit surface surrounding the convex mirror, through which focused light exits the plastic body.
GRANT
Utility
Optical proximity sensor
23 Feb 21
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
Vehicle User Interface
4 Nov 20
A vehicle gesture control system to improve safety and comfort during driving of a vehicle, the vehicle including an adaptive cruise control or autonomous drive arrangement configured to control velocity of the vehicle and distance between the vehicle and another vehicle, the system including a plurality of sensors configured to detect gestures performed by a driver on the surface of a steering wheel grip in the vehicle, the steering wheel grip including a circular tube surrounding a steering wheel, and a processor receiving outputs from the sensors and connected to a memory unit storing instructions for the processor to activate a plurality of features of the adaptive cruise control or autonomous drive arrangement, in response to a respective plurality of different gestures detected by the sensors, one of the gestures including movement of the driver's thumb around a lateral section of the steering wheel grip that faces the driver.