NEON 8-K SEC Filing Analysis

Latest settled — T+5d

NEON ▼ -4.27% at T+5d

NEUTRAL call ✗ call lost -4.27% · α vs SPY -3.11% · entry $1.64 → $1.57

Next anchor: T+20d due 2d ago

Currently $1.19 · -27.44% from $1.64 entry

Entry anchored
May 12, 03:59 PM ET
via Databento tick

T+1d

+5.49%

call +5.49% · α +4.71%

$1.73

settled 4w ago

T+5d

-4.27%

call -4.27% · α -3.11%

$1.57

settled 24d ago

T+20d

—

call — · α —

—

due 2d ago

T+60d

—

call — · α —

—

in 8w

Price Chart

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Executive Summary

Neonode reported Q1 2026 revenue of $0.6M (+19.7% YoY), but the loss from continuing operations widened to $1.9M (-$0.11/share) from $1.8M (-$0.11/share) a year ago. The company is burning cash at an accelerating rate ($2.1M used in operations vs $1.4M in Q1 2025) and has no analyst coverage or consensus estimates, making the stock highly speculative. The revenue growth is a positive sign, but the company remains deeply unprofitable with a $29M market cap and no clear path to profitability.

Key Financial Metrics

Free Cash Flow

-$2.1M

Gross Margin

99.3%

Actionable Insight

The 19.7% revenue growth is a positive reversal from the 33.7% decline in FY2025, but the company is still burning cash and has no path to profitability. With a $29M market cap and no analyst coverage, the stock is highly speculative. Monitor the next quarterly filing for evidence that MultiSensing revenue is scaling and that cash burn is stabilizing.

Key Facts

Q1 2026 revenue from continuing operations was $0.6M, up 19.7% YoY from $0.5M
License revenue was $0.6M, up 19.1% YoY from $0.5M
Loss from continuing operations was $1.9M (-$0.11/share), compared to a loss of $1.8M (-$0.11/share) in Q1 2025
Operating expenses rose 8.6% YoY to $2.7M
Cash used in operations was $2.1M, up from $1.4M in Q1 2025
Cash and accounts receivable totaled $23.8M as of March 31, 2026, down from $25.8M at year-end 2025
No analyst consensus estimates available; 0% of analysts rate the stock as bullish (3 Hold, 1 Sell, 2 Strong Sell)
Prior earnings report (FY2025) showed revenue decline of 33.7% to $2.1M, with a $15.5M patent assignment gain masking operating losses

Financial Impact

Revenue growth of 19.7% YoY to $0.6M, but operating loss widened to $1.9M; cash burn accelerating

revenueoperating_losscash_flow

Risk Factors

Accelerating cash burn ($2.1M in Q1 2026 vs $1.4M in Q1 2025) with no clear timeline to profitability
Legacy zForce business continues to decline, partially offsetting MultiSensing growth
No analyst coverage or consensus estimates, making valuation highly uncertain
Stock has 0% analyst bullish rating and has declined ~29% in the 20 days following the prior earnings report

Market Snapshot

Exchange

Nasdaq

Sector

Electronic Components, NEC

Analyst Consensus

0% bullish (6 analysts)

Documents Analyzed

This report is based on 6 SEC documents filed with EDGAR.

Document	Accession Number
8-K Filing (Primary)	0001437749-26-016559
Document: neon20260402c_8k.htm	0001437749-26-016559
Document: 0001437749-26-016559-index-headers.html	0001437749-26-016559
Document: 0001437749-26-016559-index.html	0001437749-26-016559
Document: 0001437749-26-016559.txt	0001437749-26-016559
8-K Data (Synthetic)	0001437749-26-016559

2 reports for NEON

T+1T+5T+20T+60

Filters

Reports for NEON — sortable, filterable
	Type				Now
Jun 11, 2026 2d ago	Institutional Cluster NEUTRAL ★ 3/10	$1.16 awaiting T+5	awaiting T+5	—	$1.19 (+2.59%)
May 13, 2026 4w ago	8-K NEUTRAL ★ 4/10	$1.64 $1.57	▼ −4.27%	▼ −3.11%	$1.19 (−27.44%)

US Market Status

Market Closed — Opens Mon (47h 21m)

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