Stock Ratings / Technology / NEON / financials

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Neonode Inc. (NEON) Revenue-to-Profit Sankey Flow & SEC XBRL Financials

Q: How profitable is Neonode Inc. (NEON)?

In FY 2025 (10-K), NEON converted $2.1M of revenue into a 98.7% gross margin, 98.7% operating margin, and $0 in free cash flow (0% FCF margin).

$0.69 +0.03% NASDAQ • Live Quote vs Prior Daily Close (Synced Snapshot)

Neonode Inc. (NEON) carries a Roarable Rating of D+ (Sell) with 58/100 RQD Confidence due to weak cash-flow efficiency and sensitivity to current interest rates. Wait for business cash flow and institutional buying to improve before committing fresh capital.

ROARABLE D+ • SELL / AVOID Cap $11.6M

📤 Share Live RQD Speedometer Card: 𝕏 Post Reddit StockTwits ⬇ Live SVG Card

INTERACTIVE SCENARIO DECK:

🛡️ Portfolio Crash X-Ray

RQD QUANT TACHOMETERSELL / AVOID • D+

JEV AI Jury Split (Battleground)

Cash

SEC

Whale

Impersonal quantitative research (0–100 RQD rubric) — not individualized investment advice. Past performance does not guarantee future results. Full Disclaimer

5-PILLAR SNOWFLAKE RADARRw D+ · Rk C

Each axis scored 0–20

12M PRICE TARGET CONE+0% Base Target

WHALE OPTIONS SNAPSHOT: — (No Active Options Snapshot on file for NEON)Realized 20D OHLCV Swing Band: ±12.5%

VISUAL REVENUE-TO-PROFIT SANKEY WATERFALL • FY 2025 (10-K)

How NEON Turns Every Dollar of Sales Into Real Bottom-Line Profit

Free Cash Flow:$0 (0% FCF Margin)

Multi-Year SEC EDGAR XBRL Revenue, Net Profit & Free Cash Flow Trajectory

■ Revenue■ Net Profit■ Free Cash Flow

FY23

Rev $3.8M

FY24

Rev $3.1M

FY25

Rev $2.1M

Fiscal Year	Revenue	Gross Margin	Op Margin	Net Profit	Free Cash Flow	ROIC %
FY 2025	$2.1M	98%	85%	$0	-$10.3M	95%
FY 2024	$3.1M	96.3%	-80%	$0	-$5.6M	-45%
FY 2023	$3.8M	92%	-80%	$0	-$6.3M	85%

ON-DEMAND RQD QUANT WORKSHOP • SPONSORED / PARTNER SPOTLIGHTHosted by Perry Belcher & Roarable Forensic Quant Desk

Red-Light Warning Desk: Spotting SEC Cash-Flow & Dilution Risks Before Downgrades (Featuring NEON)

✓Walkthrough of NEON's RQD Radar, SEC cash-conversion gap & downside invalidation levels
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NEON // CANDLESTICK & AUTO-TRENDLINE WORKSTATION6M: -58.43%▼ DESCENDING CHANNEL

2026-10-30O $0.69H $0.69L $0.63C $0.69VOL 105.9K

RES: $0.94SUP: $0.04SMA50: $0.84SMA200: $1.27

PRIMARY-SOURCE FORENSICS, SECOND-ORDER LINKS & AI ANALYST DESK

NEON Dilution Monitor, Expectations Hurdle, Butterfly Connections & Policy Exposure

🦋 NEON Butterfly Map → + Track NEON →

Share Count & Dilution Monitor (#25)

Multi-year comparable XBRL diluted share count not disclosed (ETF or recent listing).

Reverse-DCF Expectations Hurdle (#30)

8.0%/yr Implied 5Y Growth

vs. -33.7% actual YoY revenue growth (assuming 9.25% cost of equity & 16.5x terminal multiple).

Ellis Vennor Setup Ledger (#33)

No active Ellis Vennor swing setup published on NEON today. View full Setup Ledger →

🦋 Documented & Second-Order Butterfly Connections Open Graph →

No direct multi-tier Butterfly edges indexed yet for NEON. Explore sector supply chains on /butterfly.

AI Analyst Theses, Washington Policy & Company Video

🎬 No recent verified company-specific video clip queued for NEON today (we never pad ticker pages with unrelated generic clips). Browse Macro Video Desk →

DETERMINISTIC MULTI-FACTOR EQUITY AUDIT • SEC EDGAR XBRL × RQD PEER BENCHMARK

📊 Quantitative Sector Peer Comparison, SEC Filing Delta & Investment FAQ (NEON)

Technology Rank #285 of 714 ⚔️ HTOO vs NEON Full Matrix →

1. Head-to-Head Technology Peer Comparison (NEON vs. HTOO, LIQT, RAIN, CVV)

Industry: Industrial Machinery/Components (208 Tracked Issuers)

Across 714 tracked Technology securities in the Roarable RQD universe, Neonode Inc. (NEON) ranks #285 by composite RQD confidence (58/100, grade D+) and #638 by equity capitalization ($11.6M). Within this direct 5-issuer industry benchmark cohort, NEON leads on earnings valuation at N/A trailing P/E, while NEON leads on capital efficiency and profitability with 85.0% ROIC and 96.0% gross margin. NEON currently leads its immediate peer cohort in composite quantitative strength at 58/100 (D+).

Ticker / Company	Roarable Grade	RQD Score	Trailing P/E	Gross Margin	ROIC	1D Change	Market Cap	Head-to-Head
NEON ACTIVE Neonode Inc.	D+	58/100	—	96.0%	85.0%	+0.03%	$11.6M	Benchmark Subject
HTOO Fusion Fuel Green PLC (Class A)	D	50/100	—	—	—	-1.47%	$12.6M	/htoo-vs-neon →
LIQT LiqTech International Inc.	D-	36/100	—	7.6%	-35.0%	+3.96%	$10.6M	/liqt-vs-neon →
RAIN Rain Enhancement Technologies Holdco Inc. (Class A)	D	51/100	—	—	-35.0%	+2.51%	$7.0M	/rain-vs-neon →
CVV CVD Equipment Corporation	E	34/100	—	28.3%	-9.4%	-2.41%	$28.1M	/cvv-vs-neon →

2. Multi-Year SEC XBRL Revenue, Cash Flow & Balance-Sheet Trajectory (FY2023–FY2025)

SEC EDGAR 10-K • FILED 2025-12-31 • CIK 0000087050

In its most recent audited fiscal period (FY2025, filed 2025-12-31), Neonode Inc. (NEON) reported GAAP revenue of $2.1M (-33.7% vs. FY2024 revenue of $3.1M , and -46.1% cumulative change since FY2023) , GAAP net income of $0, operating cash flow of -$10.3M, and free cash flow of -$10.3M (-83.8% YoY). On the balance sheet, NEON closed FY2025 with $26.9M in total assets against $0 in total debt (Altman Z-Score: N/A, Piotroski F-Score: 2/9).

Fiscal Period	Filing Date	Revenue	Net Income	Operating Cash Flow	Free Cash Flow	Total Assets	Total Debt
FY2025 (FY)	2025-12-31	$2.1M	$0	-$10.3M	-$10.3M	$26.9M	—
FY2024 (FY)	2024-12-31	$3.1M	$0	-$5.6M	-$5.6M	$18.4M	—
FY2023 (FY)	2023-12-31	$3.8M	$0	-$6.3M	-$6.3M	—	—

3. NEON Data-Verified Investor FAQ (RQD Rating, Sector Peers, SEC Forensics & Technicals)

✓ SCHEMA.ORG FAQPAGE JSON-LD ENABLED

Is NEON stock a Buy, Hold, or Sell right now according to Roarable's RQD model?

As of 2026-11-01, Neonode Inc. (NASDAQ: NEON) is rated D+ (Sell / SELL) by Roarable's 5-pillar RQD engine with a composite confidence score of 58/100 at a spot price of $0.69 (+0.03% 1D, market cap $11.6M). Pillar breakdown: Fundamental Cash Engine 11/20, Institutional 13F & Options Flow 13/20, Executive Insider Alignment 10/20, FRED Macro Regime Fit 16/20, and SEC Balance-Sheet Forensics 8/20. Across 714 tracked Technology issuers, NEON ranks #285 in composite RQD confidence.

How does NEON compare to HTOO and LIQT in the Technology sector?

Within the Technology sector (Industrial Machinery/Components), NEON carries a Roarable D+ (58/100 RQD), trailing P/E of N/A, gross margin of 96.0%, and ROIC of 85.0%. By comparison, HTOO (Fusion Fuel Green PLC (Class A)) holds a D grade (50/100 RQD, P/E N/A, ROIC —, cap $12.6M) and LIQT (LiqTech International Inc.) posts a D- grade (36/100 RQD, P/E N/A, ROIC -35.0%, cap $10.6M). Among the 5-stock peer group, NEON leads on earnings multiple (N/A) while NEON leads on capital efficiency (85.0% ROIC).

What are the biggest fundamental strengths and SEC risk factors for NEON?

Per NEON's SEC EDGAR XBRL 10-K filing (FY2025, filed 2025-12-31, CIK 0000087050), Neonode Inc. generated $2.1M in revenue (-33.7% YoY), $0 in net income, and -$10.3M in free cash flow against $26.9M in total assets and $0 in total debt. Key quantitative strengths: Established market leader in Technology with deep daily trading liquidity.. Primary risk factors monitored: Company executives have done more routine share selling than personal cash buying lately.. Institutional options positioning shows a 50% call / 50% put premium split.

Where is NEON trading relative to its 50-day, 200-day, and 52-week technical levels?

NEON last traded at $0.69 (+0.03% on volume of 44,595 shares), positioning the stock -17.86% below its 50-day simple moving average ($0.84) and -45.67% below its 200-day simple moving average ($1.27). Across its 52-week range of $0.63 to $3.01, NEON sits at the 2.5% percentile with a 14-day RSI of 24.2 (OVERSOLD (<32)) and an implied next-earnings move of ±12.5% ($1.00 to $0.78).