Bedrijfsoverzicht
Neonode Inc. is a technology firm that specializes in providing software solutions designed for machine perception, enabling systems to detect and track persons and objects within video streams captured by cameras and other imagers. The company operates within the Technology sector, specifically focusing on the Electronic Components industry, which involves the manufacturing and distribution of essential hardware and software elements used across various technological applications. As of the latest data, the company possesses a market capitalization of $23.83M, generates annual revenue of $2.06M, and employs a workforce of 35 individuals. These valuation and revenue figures indicate that Neonode operates as a micro-cap entity with a relatively small revenue base, suggesting it is likely an early-stage or niche player rather than a large-cap market leader with established dominance in the broader electronic components landscape.
Financiële gezondheid
The company reports a trailing twelve-month revenue of $2.06M and a net income of $8.04M, while simultaneously reporting an EBITDA of $-11,968,000. The significant discrepancy between the positive net income of $8.04M and the negative EBITDA of $-11,968,000 reveals a highly unusual cost structure where non-operating income or significant other income sources are driving profitability despite substantial operating losses. Neonode maintains a robust position in liquidity with free cash flow of $12.89M and total cash reserves of $25.36M, which provides substantial financial flexibility to fund operations or invest in R&D without immediate reliance on external capital markets. The firm's margins present a complex picture: a gross margin of 98.7% indicates extremely low cost of goods sold relative to sales, while an operating margin of -454.6% and a profit margin of 411.9% suggest that non-operating gains are inflating the bottom line significantly below the operational reality. In terms of leverage, the company holds cash of $25.36M against a debt level of $371,000, resulting in a debt-to-equity ratio of 1.50, which indicates a balance sheet that is technically leveraged on paper but effectively cash-rich given the asset composition. The current ratio stands at 12.05, signaling an exceptionally strong ability to meet short-term obligations with its current assets. Finally, the return metrics show a return on equity of 39.1% and a return on assets of -33.2%, which highlights how high financial leverage or non-operating income is distorting the traditional measures of management effectiveness and asset utilization.
Waarderingsbeoordeling
Neonode Inc. exhibits a trailing P/E ratio (TTM) of 2.96 and a forward P/E of -3.74, implying that the market is pricing in a period of negative expected earnings in the future, which contradicts the positive net income seen in the trailing twelve months. The price-to-book ratio is 0.97, indicating that the company's stock trades at a slight discount to its book value, suggesting the market does not currently assign a significant premium to its intangible assets or future growth potential. Alternative valuation metrics further illustrate this disconnect; the price-to-sales ratio is 11.56 while the EV/EBITDA is 0.10, suggesting that despite high revenue multiples, the valuation based on operating cash generation is extremely low due to the negative EBITDA figure. Historical price performance shows a 52-week high of $29.90 and a 52-week low of $1.27, meaning the current trading price sits significantly below the 52-week high, reflecting a substantial correction from recent peaks. The stock has a beta of 0.89, which indicates that the share price is slightly less volatile than the broader market, moving with a moderate degree of correlation to overall market fluctuations.
Growth & Income
Neonode's revenue growth year-over-year is -20.6%, while earnings growth is listed as N/A, indicating that the company is currently shrinking in terms of top-line sales and that traditional earnings growth metrics are not applicable due to the unique financial structure involving non-operating gains. Because the company does not pay dividends, evidenced by a dividend yield of N/A and a payout ratio of 0.0%, all available earnings are theoretically available for reinvestment into growth initiatives or debt reduction rather than distribution to shareholders. The absence of a dividend yield confirms that the company follows a retention policy where capital is directed back into the business operations, which is common for firms in the Electronic Components industry that prioritize expansion over income distribution. Overall, Neonode presents a growth and income profile characterized by negative revenue expansion, a lack of current income distribution, and a reliance on alternative capital strategies rather than dividend yield or organic earnings growth.