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NEON Neonode Inc.

FY2024 10-K
Filed: Mar 21, 2025
Information Technology
Electronic Components, NECSEC EDGAR
Neonode Inc. Overview

Neonode Inc. (NEON) filed its fiscal year 2024 10-K annual report with the SEC on Mar 21, 2025. This page provides AI-powered analysis of the filing, including business overview, management discussion, risk factors, and key financial metrics from XBRL data.

AI Filing Analysis
FY2024 10-K

Business Overview

  • • Core business: Licensing advanced optical touch, contactless touch, gesture sensing, and machine perception technology platforms to OEMs and Tier 1 suppliers
  • • Strategic shift: In December 2023, phased out manufacturing touch sensor modules (TSMs) to focus exclusively on licensing business model in 2024
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Management Discussion & Analysis

  • • Revenue $3.1M, down 18.8% YoY from $3.8M; license fees $2.7M down 29.3%, non-recurring engineering $0.4M up 1519.2%
  • • Gross margin 96.3% vs 99.7% YoY; operating loss $6.5M (210.6% of revenue) vs $5.7M (149.8%) prior year
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Risk Factors

  • • Regulatory risk: Material weaknesses in internal control under Sarbanes-Oxley Act Section 404, risking inaccurate financial reporting and potential loss of investor confidence
  • • Macroeconomic exposure: Revenues 59.8% from Asia, 24.5% North America, vulnerable to geopolitical events like Ukraine war and Israel-Palestine conflict
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Financial Summary
XBRL

Revenue

$3M

Net Income

-$6M

Gross Margin

96.3%

Operating Margin

-210.6%

Net Margin

-208.0%

ROE

-39.3%

Total Assets

$18M

EPS (Diluted)

$-0.41

Operating Cash Flow

-$6M

Source: XBRL data from Neonode Inc. FY2024 10-K filing on SEC EDGAR. All figures in USD.

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