The most oversold stocks in the information technology sector presents an opportunity to buy into undervalued companies.The RSI is a momentum indicator, which compares a stock’s strength on days when prices go up to its strength on days when prices go down. When compared to a stock’s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the RSI is below 30, according to Benzinga Pro.Here's the latest list of major overso ...

The most oversold stocks in the information technology sector presents an opportunity to buy into undervalued companies.The RSI is a momentum indicator, which compares a stock’s strength on days when prices go up to its strength on days when prices go down. When compared to a stock’s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the RSI is below 30, according to Benzinga Pro.Here's the latest list of major overso ...

Company Performance - Neonode Inc. experienced a stock price drop of approximately 68.34%, closing at $6.81, down from a year high of $29.9, influenced by market reactions to company developments and industry trends [2][8] - Artelo Biosciences saw a 50.34% decrease in its stock price, closing at $4.35, amid ongoing clinical trials and a public offering priced at $3 million [3][8] - 707 Cayman Holdings Limited faced a 48.45% decline in its stock price to $0.39, potentially due to challenges in the retail sector and exploring a crypto treasury reserve with Precious Choice Global Limited [4][8] - Aethlon Medical's stock price fell by 45.76% to $0.73, possibly linked to recent performance updates and investor sentiment towards the healthcare sector, with a public offering valued at $4.5 million [5] - Purple Biotech's stock price decreased by 43.54%, closing at $0.80, which may be related to clinical trial results and market conditions affecting biotech firms [6] Market Trends - The significant price movements of these companies highlight the importance of monitoring market trends, company developments, and broader economic factors that can impact stock performance [7]

Core Viewpoint - Neonode Inc. anticipates receiving net proceeds of approximately US$15 million to US$20 million from a settlement related to a patent infringement lawsuit involving its subsidiary Aequitas Sub and Samsung Electronics [2][5]. Group 1: Settlement Details - The lawsuit was filed by Aequitas Sub against Samsung on June 8, 2020, alleging patent infringement, and was dismissed on September 2, 2025, following a settlement [5]. - Neonode is entitled to 50 percent of any net proceeds from the settlement based on the Assignment Agreement with Aequitas Technologies LLC [1][4]. - The expected net proceeds will be calculated after deducting brokerage fees, legal fees, taxes, and other expenses [2][4]. Group 2: Financial Implications - The anticipated net proceeds of US$15 million to US$20 million will be subject to further evaluation regarding tax implications and other financial considerations [2][3]. - As of September 3, 2025, the Board of Directors has not made a decision on the use of the proceeds from the settlement [3]. Group 3: Background Information - In 2019, Neonode assigned a portfolio of patents to Aequitas, which allows the company to share in potential net proceeds from licensing and monetization efforts by Aequitas [4]. - A separate patent infringement case against Apple Inc. by Aequitas Sub remains pending in California [6].

Core Viewpoint - Neonode Inc. reported a decline in revenues primarily due to challenges in its legacy business, particularly in the printer and automotive infotainment markets, while focusing on expanding business opportunities and advancing its product roadmap for future growth [4]. Financial Summary for Q2 2025 - Revenues from continuing operations were $0.6 million, a decrease of 25.2% compared to Q2 2024 [6]. - License revenues were $0.4 million, down 34.2% year-over-year, attributed to lower demand from legacy customers [6]. - Non-recurring engineering revenues increased by 4.3% to $0.2 million compared to the same period in 2024 [7]. - Operating expenses rose to $2.7 million, a 5.3% increase from Q2 2024 [7]. - The loss from continuing operations was $2.0 million, or $0.12 per share, compared to a loss of $1.7 million, or $0.11 per share in Q2 2024 [8]. Financial Summary for H1 2025 - Revenues from continuing operations totaled $1.1 million, a decrease of 31.1% compared to H1 2024 [9]. - Operating expenses were $5.2 million, a slight decrease of 1.5% from the same period last year [9]. - The loss from continuing operations was $3.8 million, or $0.23 per share, compared to a loss of $3.4 million, or $0.22 per share in H1 2024 [9]. Cash Flow and Financial Position - Cash used by operations in Q2 2025 was $1.7 million, up from $1.2 million in Q2 2024, mainly due to lower net loss and reduced component purchases [10]. - As of June 30, 2025, cash and accounts receivable were $13.6 million, down from $17.2 million as of December 31, 2024 [11]. - Working capital for continuing operations was $12.1 million, compared to $16.1 million at the end of 2024 [11].

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ Quarterly report pursuant to section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended June 30, 2025 or ☐ Transition report pursuant to section 13 or 15(d) of the Securities and Exchange Act of 1934 For the transition period from ________ to ________ Commission File No. 001-35526 NEONODE INC. (Exact name of registrant as specified in its charter) | Delaware | 94-1517641 | | --- | --- | | (Stat ...

[Executive Summary of Financial Results](index=1&type=section&id=I.%20Executive%20Summary%20of%20Financial%20Results) Neonode experienced revenue declines and increased losses from continuing operations in Q2 and H1 2025, alongside a decrease in cash and working capital [Financial Summary for Three Months Ended June 30, 2025](index=1&type=section&id=A.%20Financial%20Summary%20for%20Three%20Months%20Ended%20June%2030,%202025) Neonode reported a 25.2% revenue decline to $0.6 million for Q2 2025, with operating expenses up 5.3% and loss from continuing operations increasing to $2.0 million ($0.12 per share) Q2 2025 Financial Highlights (Continuing Operations) | Metric | Q2 2025 | Q2 2024 | Change (%) | | :-------------------------------- | :-------- | :-------- | :--------- | | Revenues | $0.6M | $0.8M | -25.2% | | Operating Expenses | $2.7M | $2.566M | +5.3% | | Loss from Continuing Operations | $2.0M | $1.7M | +17.6% | | Loss per Share (Continuing Ops) | $0.12 | $0.11 | +9.1% | | Cash used by Operations | $1.7M | $1.2M | +41.7% | | Cash & Accounts Receivable (as of June 30, 2025) | $13.6M | $17.2M (Dec 31, 2024) | -20.9% | - Revenues from continuing operations decreased by **25.2%** to **$0.6 million** compared to the prior year[4](index=4&type=chunk) - Loss from continuing operations increased to **$2.0 million**, or **$0.12 per share**, compared to $1.7 million, or $0.11 per share, in the prior year[4](index=4&type=chunk) [Financial Summary for Six Months Ended June 30, 2025](index=1&type=section&id=B.%20Financial%20Summary%20for%20Six%20Months%20Ended%20June%2030,%202025) H1 2025 revenues from continuing operations decreased 31.1% to $1.1 million, with operating expenses down 1.5% and loss widening to $3.8 million ($0.23 per share) H1 2025 Financial Highlights (Continuing Operations) | Metric | H1 2025 | H1 2024 | Change (%) | | :-------------------------------- | :-------- | :-------- | :--------- | | Revenues | $1.1M | $1.615M | -31.1% | | Operating Expenses | $5.2M | $5.249M | -1.5% | | Loss from Continuing Operations | $3.8M | $3.4M | +11.8% | | Loss per Share (Continuing Ops) | $0.23 | $0.22 | +4.5% | | Cash used by Operations | $3.1M | $3.1M | 0% | - Revenues from continuing operations for the six months decreased by **31.1%** to **$1.1 million** compared to the same period in the prior year[4](index=4&type=chunk) - Loss from continuing operations for the six months was **$3.8 million**, or **$0.23 per share**, compared to $3.4 million, or $0.22 per share, for the same period in the prior year[4](index=4&type=chunk) [CEO's Commentary and Business Outlook](index=2&type=section&id=II.%20CEO's%20Commentary%20and%20Business%20Outlook) The CEO addresses declining legacy business revenues, emphasizing strategic focus on MultiSensing® and zForce® technology platforms for future growth and new market opportunities [Overview of Q2 Performance and Challenges](index=2&type=section&id=A.%20Overview%20of%20Q2%20Performance%20and%20Challenges) The CEO noted continued revenue decline from legacy business in printer and automotive infotainment, a trend expected until new customer projects reach production - The second quarter saw a decline in revenues from the legacy business due to negative trends in the printer and automotive infotainment markets[5](index=5&type=chunk) - These challenges are expected to remain until new customers move from the deployment phase to the production phase[5](index=5&type=chunk) [Strategic Focus and Technology Advancement](index=2&type=section&id=B.%20Strategic%20Focus%20and%20Technology%20Advancement) Neonode expands business and advances MultiSensing® and zForce® platforms, investing in data-driven HMI solutions, strategic automotive partnerships, and new verticals to drive future growth - Neonode is actively working to expand business opportunities and advance the product roadmap across its MultiSensing® and zForce® core technology platforms[5](index=5&type=chunk) - For MultiSensing, the company continues to build on and invest in being the first mover in fully synthetic, data-driven HMI solutions, building strategic partnerships in the automotive sector, and exploring new verticals[6](index=6&type=chunk) - With the zForce platform, Neonode continues to serve its existing customer base while focusing on new project deliveries[6](index=6&type=chunk) [Detailed Financial Overview for Q2 2025](index=2&type=section&id=III.%20Detailed%20Financial%20Overview%20for%20Q2%202025) This section provides a detailed analysis of Neonode's Q2 2025 financial performance, covering revenue, operating expenses, profitability, cash position, and working capital [Revenue Analysis](index=2&type=section&id=A.%20Revenue%20Analysis) Q2 2025 total revenues from continuing operations decreased 25.2% to $0.6 million, driven by a 34.2% fall in license revenues, partially offset by a 4.3% increase in NRE revenues Q2 2025 Revenue Breakdown (Continuing Operations) | Revenue Type | Q2 2025 | Q2 2024 | Change (%) | | :------------------------ | :-------- | :-------- | :--------- | | Total Revenues | $0.6M | $0.8M | -25.2% | | License Revenues | $0.4M | $0.614M | -34.2% | | Non-recurring Engineering | $0.2M | $0.187M | +4.3% | - The decrease in license revenues was mainly due to lower demand for legacy customers' products within printer and passenger car touch applications[7](index=7&type=chunk) - Revenues from new licensing customers partially offset the decline in license revenues[7](index=7&type=chunk) [Operating Expenses and Profitability](index=2&type=section&id=B.%20Operating%20Expenses%20and%20Profitability) Q2 2025 operating expenses from continuing operations rose 5.3% to $2.7 million, resulting in a $2.0 million loss ($0.12 per share) and increased cash used by operations Q2 2025 Operating Expenses and Loss (Continuing Operations) | Metric | Q2 2025 | Q2 2024 | Change (%) | | :-------------------------------- | :-------- | :-------- | :--------- | | Operating Expenses | $2.7M | $2.566M | +5.3% | | Loss from Continuing Operations | $2.0M | $1.7M | +17.6% | | Loss per Share (Continuing Ops) | $0.12 | $0.11 | +9.1% | - Cash used by operations increased to **$1.7 million** in the second quarter of 2025 compared to $1.2 million for the same period in 2024[9](index=9&type=chunk) - The increase in cash used by operations was primarily due to a lower net loss and fewer component purchases following the phaseout of TSM manufacturing[9](index=9&type=chunk) [Cash Position and Working Capital](index=2&type=section&id=C.%20Cash%20Position%20and%20Working%20Capital) Cash and accounts receivable decreased to $13.6 million by June 30, 2025, with working capital also declining, though the company deems its liquidity sufficient for strategy execution Cash and Working Capital (Continuing Operations) | Metric | June 30, 2025 | Dec 31, 2024 | Change | | :-------------------------- | :-------------- | :------------- | :------- | | Cash and Accounts Receivable | $13.6M | $17.2M | -$3.6M | | Working Capital | $12.1M | $16.1M | -$4.0M | - The company's financial position and liquidity provide stability and enable it to execute its strategy to secure more licensing opportunities[10](index=10&type=chunk) [Company Information and Legal Disclosures](index=3&type=section&id=IV.%20Company%20Information%20and%20Legal%20Disclosures) This section provides essential company contact information, an overview of Neonode's business, and a safe harbor statement regarding forward-looking statements and associated risks [Contact Information](index=3&type=section&id=A.%20Contact%20Information) Contact details for Neonode's President & CEO Daniel Alexus and CFO Fredrik Nihlén are provided for inquiries - Contact information for President and CEO Daniel Alexus and Chief Financial Officer Fredrik Nihlén is provided[11](index=11&type=chunk) [About Neonode](index=3&type=section&id=B.%20About%20Neonode) Neonode Inc. (NASDAQ:NEON), a publicly traded company founded in 2001, specializes in advanced optical sensing solutions for various applications, holding over 100 patents globally - Neonode Inc. (NASDAQ:NEON) is a publicly traded company, headquartered in Stockholm, Sweden, established in 2001[11](index=11&type=chunk) - The Company provides advanced optical sensing solutions for contactless touch, touch, gesture control, and in-cabin monitoring[11](index=11&type=chunk) - Neonode's technology is deployed in more than **90 million products**, and the Company holds more than **100 patents** worldwide, serving Fortune 500 companies[11](index=11&type=chunk) [Safe Harbor Statement](index=3&type=section&id=C.%20Safe%20Harbor%20Statement) This press release includes forward-looking statements on growth and performance, subject to risks like customer reliance and product development cycles, with no duty to update - The press release contains forward-looking statements relating to expectations for growth and future performance[13](index=13&type=chunk) - These statements are subject to known and unknown risks, uncertainties, and other factors that may cause actual results to be materially different[13](index=13&type=chunk) - Risks include reliance on customers' ability to design, manufacture, and sell products with Neonode's technology, the length of customer product development cycles, and dependence on suppliers[14](index=14&type=chunk) [Consolidated Financial Statements](index=4&type=section&id=V.%20Consolidated%20Financial%20Statements) This section presents Neonode's consolidated balance sheets, statements of operations, comprehensive loss, stockholders' equity, and cash flows for the reported periods [Consolidated Balance Sheets](index=4&type=section&id=A.%20Consolidated%20Balance%20Sheets) Total assets decreased to $15.058 million by June 30, 2025, driven by lower cash, while total liabilities increased and stockholders' equity declined to $12.652 million Consolidated Balance Sheet Highlights (in thousands) | Metric | June 30, 2025 | Dec 31, 2024 | Change | | :-------------------------- | :-------------- | :------------- | :------- | | Total Assets | $15,058 | $18,381 | -$3,323 | | Cash and cash equivalents | $13,238 | $16,427 | -$3,189 | | Total Liabilities | $2,406 | $1,939 | +$467 | | Total Stockholders' Equity | $12,652 | $16,442 | -$3,790 | - Current assets decreased from **$17,685 thousand** at December 31, 2024, to **$14,405 thousand** at June 30, 2025[16](index=16&type=chunk) - Current liabilities increased from **$1,620 thousand** at December 31, 2024, to **$2,215 thousand** at June 30, 2025[16](index=16&type=chunk) [Consolidated Statements of Operations](index=5&type=section&id=B.%20Consolidated%20Statements%20of%20Operations) Q2 2025 total revenues were $0.599 million, with operating loss widening to $(2.110) million and net loss at $(1.868) million; H1 revenues were $1.112 million with a net loss of $(3.601) million Consolidated Statements of Operations Highlights (in thousands) | Metric | Q2 2025 | Q2 2024 | H1 2025 | H1 2024 | | :-------------------------------- | :-------- | :-------- | :-------- | :-------- | | Total Revenues | $599 | $801 | $1,112 | $1,615 | | Gross Margin | $593 | $777 | $1,097 | $1,574 | | Total Operating Expenses | $2,703 | $2,566 | $5,172 | $5,249 | | Operating Loss | $(2,110) | $(1,789) | $(4,075) | $(3,675) | | Loss from Continuing Operations | $(1,984) | $(1,677) | $(3,784) | $(3,393) | | Net Loss | $(1,868) | $(1,695) | $(3,601) | $(3,779) | | Basic & Diluted Loss per Share (Continuing Ops) | $(0.12) | $(0.11) | $(0.23) | $(0.22) | | Basic & Diluted Loss per Share | $(0.11) | $(0.11) | $(0.21) | $(0.25) | - Research and development expenses increased to **$1,074 thousand** in Q2 2025 from $975 thousand in Q2 2024[18](index=18&type=chunk) - Sales and marketing expenses increased to **$596 thousand** in Q2 2025 from $544 thousand in Q2 2024[18](index=18&type=chunk) [Consolidated Statements of Comprehensive Loss](index=6&type=section&id=C.%20Consolidated%20Statements%20of%20Comprehensive%20Loss) Q2 2025 comprehensive loss was $(1.923) million, while H1 comprehensive loss was $(3.790) million, with foreign currency translation adjustments impacting both periods Consolidated Statements of Comprehensive Loss Highlights (in thousands) | Metric | Q2 2025 | Q2 2024 | H1 2025 | H1 2024 | | :-------------------------- | :-------- | :-------- | :-------- | :-------- | | Net Loss | $(1,868) | $(1,695) | $(3,601) | $(3,779) | | Foreign currency translation adjustments | $(55) | $(32) | $(189) | $(66) | | Comprehensive Loss | $(1,923) | $(1,727) | $(3,790) | $(3,845) | - Foreign currency translation adjustments resulted in an other comprehensive loss of **$(55) thousand** for Q2 2025 and **$(189) thousand** for H1 2025[20](index=20&type=chunk) [Consolidated Statements of Stockholders' Equity](index=7&type=section&id=D.%20Consolidated%20Statements%20of%20Stockholders'%20Equity) Total stockholders' equity decreased to $12.652 million by June 30, 2025, primarily due to net losses and foreign currency translation adjustments Consolidated Stockholders' Equity Highlights (in thousands) | Metric | Dec 31, 2024 | June 30, 2025 | Change | | :-------------------------- | :------------- | :-------------- | :------- | | Total Stockholders' Equity | $16,442 | $12,652 | -$3,790 | | Accumulated Deficit | $(224,080) | $(227,681) | -$3,601 | | Accumulated Other Comprehensive Loss | $(450) | $(639) | -$189 | - Net loss for the six months ended June 30, 2025, was **$(3,601) thousand**, contributing to the decrease in equity[22](index=22&type=chunk) - Foreign currency translation adjustments also contributed to the decrease in equity by **$(189) thousand** for the six months ended June 30, 2025[22](index=22&type=chunk) [Consolidated Statements of Cash Flows](index=8&type=section&id=E.%20Consolidated%20Statements%20of%20Cash%20Flows) H1 2025 net cash used in operating activities was $(3.110) million, with a net decrease in cash and cash equivalents of $(3.189) million, ending at $13.238 million Consolidated Statements of Cash Flows Highlights (in thousands) | Metric | H1 2025 | H1 2024 | Change | | :-------------------------------- | :-------- | :-------- | :------- | | Net Cash Used in Operating Activities | $(3,110) | $(3,135) | +$25 | | Net Cash Provided by (Used in) Investing Activities | $(15) | $153 | -$168 | | Net Cash Used in Financing Activities | $(5) | $(13) | +$8 | | Net Change in Cash and Cash Equivalents | $(3,189) | $(3,048) | -$141 | | Cash and Cash Equivalents at End of Period | $13,238 | $13,107 | +$131 | - Adjustments to reconcile net loss to net cash used in operating activities included depreciation and amortization, amortization of operating lease right-of-use assets, and changes in accounts receivable and other operating assets/liabilities[24](index=24&type=chunk) - Cash paid for income taxes was **$10 thousand** in H1 2025, down from $21 thousand in H1 2024[24](index=24&type=chunk)

Core Viewpoint - Neonode Inc. has transitioned from hardware production to a licensing model, focusing on its zForce and MultiSensing technologies to capitalize on optical sensing and gesture recognition markets [1]. Company Overview - Neonode Inc. is a Sweden-based technology company specializing in optical sensing and gesture recognition [1]. - The company has rebranded itself as a licensing shop after discontinuing hardware production [1]. Technology Focus - The primary technologies of Neonode include zForce and MultiSensing, which are central to its new business model [1]. - The shift to licensing aims to leverage its technological innovations in a more scalable manner [1]. Market Position - The company targets small- to mid-cap markets, which are often overlooked by investors, while also occasionally analyzing large-cap companies for broader market insights [1].

Group 1 - Neonode Inc. is reminding stockholders to vote their proxies ahead of the annual meeting scheduled for June 12, 2025, at 3:00 p.m. Central European Time [1] - The Board of Directors of Neonode unanimously recommends that stockholders vote FOR all proposals [1] - It is emphasized that shareholder participation is crucial to ensure a quorum for the meeting to proceed [2] Group 2 - The notice, proxy statement, proxy card, and annual report on Form 10-K are available online for stockholders [2] - A definitive proxy statement was filed with the U.S. Securities and Exchange Commission on April 30, 2025, urging shareholders to read it for important information regarding the proposals [2] - Contact information for the Chief Financial Officer and the President and CEO is provided for further inquiries [3]

Group 1 - Neonode Inc. will be added to the U.S. small-cap Russell 2000 Index effective June 30, 2025, as part of the 2025 Russell indexes reconstitution [1] - Membership in the Russell 2000 Index is based on inclusion in the broader Russell 3000 Index and will last for one year [1] - Neonode's stock will also be included in the relevant growth and value indexes, which are determined by market-capitalization rankings and style attributes [1][3] Group 2 - The inclusion in the Russell 2000 Index is seen as a significant milestone for Neonode, enhancing its visibility within the investor community [2] - The Russell indexes are widely utilized by investment managers and institutional investors, with approximately $10.6 trillion in assets benchmarked against them as of June 2024 [3] - FTSE Russell plans to transition to a semi-annual reconstitution frequency starting in 2026 to ensure the indexes accurately represent the market [4]