COMP <GO>
NEON vs RAIN // EV/EBITDA & P/E VALUATION
Neonode Inc. (NASDAQ) VS. Rain Enhancement Technologies Holdco Inc. (Class A) (NASDAQ) • 15-METRIC TALLY: NEON 3
— RAIN 1
■ METRIC PARITY
LAST: $0.69 (+0.03%) • MKT CAP: $11.6M
valuation
—
LAST: $0.60 (+2.51%) • MKT CAP: $7.0M
valuation
—
15-METRIC INSTITUTIONAL SIDE-BY-SIDE SCORECARD (NEON VS. RAIN)
EMERALD CELL = QUANTITATIVE EDGE
| INSTITUTIONAL METRIC | NEON | RAIN | SPREAD (A - B) | ADVANTAGE | DEDICATED URL |
|---|---|---|---|---|---|
| Gross Profit Margin | 96.00% | — | — | TIE | /gross-margins <GO> |
| Return on Invested Capital (ROIC) | 85.00% | -35.00% | +120.00 | NEON | /roic <GO> |
| EV/EBITDA & P/E Valuation ACTIVE | — | — | — | TIE | /valuation <GO> |
| Free Cash Flow Yield | — | — | — | TIE | /fcf-yield <GO> |
| Operating Margin | 75.00% | — | — | TIE | /operating-margins <GO> |
| Net Profit Margin | — | — | — | TIE | /net-margins <GO> |
| Revenue Growth (YoY) | -33.70% | — | — | TIE | /revenue-growth <GO> |
| Dividend Yield & FCF Payout Safety | 0.00% | 0.00% | 0.00 | TIE | /dividend-safety <GO> |
| Altman Z-Score & Debt/Equity | — | — | — | TIE | /balance-sheet <GO> |
| Piotroski F-Score Quality | 2/9 | 1/9 | +1.00 | NEON | /piotroski-score <GO> |
| Options Implied Move & Put/Call Skew | — | — | — | TIE | /options-implied-move <GO> |
| RSI-14 & 200D SMA Momentum | 24.2 | 35.4 | -11.19 | RAIN | /rsi-technicals <GO> |
| 10Y Yield & FRED Macro Beta | — | — | — | TIE | /macro-sensitivity <GO> |
| Forward P/E Multiple | — | — | — | TIE | /forward-pe <GO> |
| Enterprise Scale & Market Cap | $11.6M | $7.0M | $4.6M | NEON | /market-cap <GO> |
5-YEAR HISTORICAL XBRL REVENUE & MARGIN TRAJECTORY SEC FORM 10-K FY
| FISCAL YEAR | NEON REV | RAIN REV | NEON GROSS % | RAIN GROSS % | NEON FCF | RAIN FCF |
|---|---|---|---|---|---|---|
| FY 2025 | $2.1M | $0 | 98.0% | — | -$10.3M | -$2.9M |
| FY 2024 | $3.1M | $0 | 96.3% | — | -$5.6M | -$1.4M |
| FY 2023 | $3.8M | $0 | — | — | -$6.3M | -$238.1K |
FRED MACRO REGIME CORRELATION COMPARISON PEARSON r
NEON // BETA —
RAIN // BETA —