Neonode Inc. (NEON) Financial Statements (2024 and earlier)

Company Profile

Business Address KARLAVAGEN 100, 115 26
STOCKHOLM, 00000
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 3679 - Electronic Components, Not Elsewhere Classified (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

3/31/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments16,15514,81617,38310,4732,3576,555
Cash and cash equivalents16,15514,81617,38310,4732,3576,555
Receivables1,3271,4481,2931,7431,3241,830
Inventory, net of allowances, customer advances and progress billings6103,8272,5201,2731,0301,219
Inventory6103,8272,5201,2731,0301,219
Prepaid expense 528528540699438385
Advances on inventory purchases   3216  
Other current assets     226230
Other undisclosed current assets 17929324659275
Total current assets:18,62020,79822,03214,6505,43410,494
Noncurrent Assets
Operating lease, right-of-use asset54118584919416
Property, plant and equipment3402823761,0031,5832,484
Long-term investments and receivables     33
Long-term investments     33
Other undisclosed noncurrent assets      261
Total noncurrent assets:3944009601,9222,0022,748
TOTAL ASSETS:19,01421,19822,99216,5727,43613,242
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities7945342,1842,7992,0561,668
Employee-related liabilities1,0371,170960902
Accounts payable4403347761,084555501
Accrued liabilities354200371545541265
Deferred revenue103610613867
Debt3395258769900570
Other undisclosed current liabilities9951,034425504 75
Total current liabilities:1,8321,6992,9734,2103,0232,313
Noncurrent Liabilities
Long-term debt and lease obligation194665955081,133
Capital lease obligations1,133
Finance lease, liability19466595508
Liabilities, other than long-term debt  3511737758 
Other liabilities   11737758 
Operating lease, liability  35   
Total noncurrent liabilities:19811824725661,133
Total liabilities:1,8511,7803,1554,6823,5893,446
Equity
Equity, attributable to parent17,16319,41823,87815,1136,39311,838
Common stock1514141299
Additional paid in capital235,158227,235226,880211,663197,543197,507
Accumulated other comprehensive loss(396)(340)(408)(404)(639)(456)
Accumulated deficit(217,614)(207,491)(202,608)(196,158)(190,520)(185,222)
Equity, attributable to noncontrolling interest   (4,041)(3,223)(2,546)(2,042)
Total equity:17,16319,41819,83711,8903,8479,796
TOTAL LIABILITIES AND EQUITY:19,01421,19822,99216,5727,43613,242

Income Statement (P&L) ($ in thousands)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues4,4495,6705,8365,9846,6468,538
Cost of revenue(4,542)(804)(955)(1,078)(683)(921)
Gross profit:(93)4,8664,8814,9065,9637,617
Operating expenses(10,651)(10,152)(11,988)(11,097)(11,693)(11,494)
Operating loss:(10,744)(5,286)(7,107)(6,191)(5,730)(3,877)
Nonoperating income (expense)736121(15)(32)(34)(52)
Investment income, nonoperating730     
Gain (loss), foreign currency transaction, before tax 68    
Other nonoperating expense    (5) (3)
Unusual or infrequent item, or both, net (gain) loss   (1,984)   
Interest and debt expense(7)(8)(15)(27)(34)(49)
Other undisclosed income from continuing operations before equity method investments, income taxes      49
Loss from continuing operations before equity method investments, income taxes:(10,015)(5,173)(7,137)(6,250)(5,798)(3,929)
Loss from equity method investments  (5,165)(7,122)(6,223)(5,764) 
Other undisclosed income from continuing operations before income taxes75,1737,1376,2505,798 
Loss from continuing operations before income taxes:(10,008)(5,165)(7,122)(6,223)(5,764)(3,929)
Income tax expense(115)(118)(146)(59)(38)(13)
Loss from continuing operations:(10,123)(5,283)(7,268)(6,282)(5,802)(3,942)
Loss before gain (loss) on sale of properties:(7,268)(6,282)(5,802)(3,942)
Net loss:(10,123)(5,283)(9,252)(6,282)(5,802)(3,942)
Net income (loss) attributable to noncontrolling interest  400(7,268)677504882
Other undisclosed net income attributable to parent   9,252   
Net loss attributable to parent:(10,123)(4,883)(7,268)(5,605)(5,298)(3,060)
Preferred stock dividends and other adjustments    (33)  
Other undisclosed net income available to common stockholders, basic   818   
Net loss available to common stockholders, diluted:(10,123)(4,883)(6,450)(5,638)(5,298)(3,060)

Comprehensive Income ($ in thousands)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net loss:(10,123)(5,283)(9,252)(6,282)(5,802)(3,942)
Other comprehensive loss      
Other undisclosed comprehensive income (loss)(56)68 235(183)(357)
Comprehensive loss:(10,179)(5,215)(9,252)(6,047)(5,985)(4,299)
Comprehensive income, net of tax, attributable to noncontrolling interest  400818677504882
Other undisclosed comprehensive income (loss), net of tax, attributable to parent  1,162   
Comprehensive loss, net of tax, attributable to parent:(10,179)(4,815)(7,272)(5,370)(5,481)(3,417)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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