# EDGAR Filing Document

**Accession Number:** 0000087050
**File Stem:** 0001437749-26-016559
**Filing Date:** 2026-5
**Character Count:** 19457
**Document Hash:** 1c3c00dede03dbb545cbac25a8abf414
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001437749-26-016559.hdr.sgml**: 20260513

**ACCESSION NUMBER**: 0001437749-26-016559

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 14

**CONFORMED PERIOD OF REPORT**: 20260513

**ITEM INFORMATION**: Results of Operations and Financial Condition

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20260513

**DATE AS OF CHANGE**: 20260513

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Neonode Inc.
- **CENTRAL INDEX KEY:** 0000087050
- **STANDARD INDUSTRIAL CLASSIFICATION:** ELECTRONIC COMPONENTS, NEC [3679]
- **ORGANIZATION NAME:** 04 Manufacturing
- **EIN:** 941517641
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-35526
- **FILM NUMBER:** 26971264

**BUSINESS ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** KARLAVAGEN 100, 115 26
- **CITY:** STOCKHOLM
- **PROVINCE COUNTRY:** V7
- **BUSINESS PHONE:** 46 0 8 667 17 17

**MAIL ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** KARLAVAGEN 100, 115 26
- **CITY:** STOCKHOLM
- **PROVINCE COUNTRY:** V7

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Neonode, Inc
- **DATE OF NAME CHANGE:** 20070813

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** SBE INC
- **DATE OF NAME CHANGE:** 19920703

?xml version='1.0' encoding='ASCII'? neon20260402c_8k.htm

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**UNITED STATES** 

**SECURITIES AND EXCHANGE COMMISSION** 

**Washington, D.C. 20549**

**FORM 8-K**

**CURRENT REPORT** 

**Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934** 

**Date of Report (Date of earliest event reported): May 13, 2026**

**NEONODE INC.**

**(Exact name of issuer of securities held pursuant to the plan)** 

**Commission File Number 001-35526**

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| | |
|:---|:---|
| **Delaware** | **94-1517641** |
| **(State or other jurisdiction**<br> **of incorporation)** | **(I.R.S. Employer**<br> **Identification No.)** |

---

**Karlavägen 100, 115 26 Stockholm, Sweden**

**(Address of Principal Executive Office, including Zip Code)**

**+46 (0) 702958519**

**Registrant**'**s telephone number, including area code:** 

**Not Applicable**

**(Former name or former address, if changed since last report)** 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

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| | | |
|:---|:---|:---|
| **Title of each class** | **Trading Symbol(s)** | **Name of each exchange on which registered** |
| Common Stock, par value $0.001 per share | NEON | The Nasdaq Stock Market LLC |

---

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

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**Item 2.02. Results of Operations and Financial Condition.**

On May 13, 2026, Neonode Inc. (the "Company") reported its earnings for the three months ended March 31, 2026 (the "Earnings Release"). A copy of the Earnings Release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

The information furnished pursuant to this Item 2.02, including Exhibit 99.1, shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities under that Section, or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.

**Item 9.01. Financial Statements and Exhibits.**

**(d) Exhibits**

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| | |
|:---|:---|
| **Exhibit No.** | **Description** |
| 99.1 | [<u>Earnings Release of the Company dated May 13, 2026</u>](ex_941383.htm) |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |

---

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**SIGNATURES** 

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

---

| | | |
|:---|:---|:---|
| Date: May 13, 2026 | NEONODE INC. | NEONODE INC. |
|  | By: | /s/ Fredrik Nihlén |
|  | Name:  | Fredrik Nihlén |
|  | Title: | Chief Financial Officer |

---

## Exhibit 99.1

**Exhibit 99.1**

![logo01.jpg](logo01.jpg)

**Press Release**

For Release, 9:10AM ET May 13, 2026

**Neonode Reports Quarter Ended March 31, 2026 Financial Results** 

**STOCKHOLM, SWEDEN, May 13, 2026** — Neonode Inc. (NASDAQ: NEON) ("Neonode" or the "Company") today reported financial results for the three months ended March 31, 2026.

**FINANCIAL SUMMARY FOR THE THREE MONTHS ENDED March 31, 2026:**

● Revenues from continuing operations of $0.6 million , an increase of 19.7% compared to the same period in the prior year.

● Operating expenses from continuing operations of $2.7 million , an increase of 8.6% compared to the same period in the prior year.

● Loss from continuing operations of $1.9 million , or $0.11 per share, compared to a loss of $1.8 million , or $0.11 per share, for the same period in the prior year.

● Cash used by operations of $2.1 million , compared to $1.4 million for the same period in the prior year.

● Cash and accounts receivable of $23.8 million as of March 31, 2026 compared to $25.8 million as of December 31, 2025 .

------

**THE CEO**'**S COMMENTS**

"The first quarter of the year shows encouraging signs of improvement, with topline growth of nearly 20% compared to the same period last year. This growth was driven by performance across all geographies and both of our licensing platforms - MultiSensing® and zForce®. Importantly, we have transitioned from development to production with our MultiSensing automotive OEM customer, enabling us to begin generating new licensing revenue," said Daniel Alexus, President & CEO of Neonode.

"Revenue decline stabilized during the quarter and was partially offset by new growth from MultiSensing. While we expect continued decline in our zForce legacy business - particularly within the printer and automotive infotainment segments due to subdued demand - we see continued potential for license growth in MultiSensing as our automotive customer scales production."

"In summary, our priorities remain to execute on existing projects, expand strategic partnerships within the automotive sector, and explore new verticals where our technology can deliver significant customer value. A key area of focus is the retail segment, where we see opportunities in loss prevention, as well as customer analytics solutions," concluded Mr. Alexus.

**FINANCIAL OVERVIEW FOR THE QUARTER ENDED March 31, 2026**

Revenues from continuing operations for the three months ended March 31, 2026 were $0.6 million, an increase of 19.7% compared to the same period in 2025. License revenues were $0.6 million, an increase of 19.1% compared to the same period in 2025. The increase was mainly due to new license agreements. Revenues from non-recurring engineering for the three months ended March 31, 2026 were $22,000, an increase of 37.5% compared to the same period in 2025. The increase was the result of increased project deliveries.

Operating expenses from continuing operations for the three months ended March 31, 2026 were $2.7 million, an increase of 8.6% compared to the same period in 2025. The increase was mainly related to increased professional fees due to recertifications of ISO 9001 and ISO 27001 and tax analysis of the net income for 2025.

Loss from continuing operations for the three months ended March 31, 2026 was $1.9 million, or $0.11 per share, compared to a loss from continuing operations of $1.8 million, or $0.11 per share for the same period in 2025.

Cash used by operations was $2.1 million in the first quarter of 2026 compared to $1.4 million for the same quarter in 2025. The increase was primarily due to a higher net loss, higher unbilled revenues and higher prepaid expenses.

Cash and accounts receivable totaled $23.8 million and working capital for continuing operations was $22.3 million as of March 31, 2026, compared to $25.8 million and $24.1 million as of December 31, 2025, respectively. Our financial position and liquidity provide stability and enable us to execute our strategy to secure more licensing opportunities for our innovative technologies.

------

**For more information, please contact:**

President and Chief Executive Officer

Pierre Daniel Alexus

E-mail: daniel.alexus@neonode.com

Phone: +46 767 60 29 90

Chief Financial Officer

Fredrik Nihlén

E-mail: fredrik.nihlen@neonode.com

Phone: +46 703 97 21 09

**About Neonode**

Neonode Inc. (NASDAQ: NEON) is a publicly traded technology company headquartered in Stockholm, Sweden. Founded in 2001, Neonode's mission is to transform the way humans and machines interact through advanced artificial intelligence and computer vision technologies.

With more than 100 patents and deployments in nearly 100 million products and vehicles worldwide, Neonode's technology is trusted by leading Fortune 500 companies across the automotive and technology sectors. The company's innovations enable intuitive, safe, and intelligent user experiences across a broad range of applications.

NEONODE and the NEONODE logo are registered trademarks of Neonode Inc. in the United States and other countries.

For more information, please visit www.neonode.com.

To stay up to date with our market communications, follow us on Cision, LinkedIn, and X.

**Safe Harbor Statement**

*This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These include, but are not limited to, statements relating to our expectations for growth and the growing demand for our products, future performance or future events. These statements are based on current assumptions, expectations and information available to Neonode management and involve a number of known and unknown risks, uncertainties and other factors that may cause Neonode*'*s actual results, levels of activity, performance or achievements to be materially different from any expressed or implied by these forward-looking statements.*

*These risks, uncertainties, and factors include risks related to our reliance on the ability of our customers to design, manufacture and sell their products with our touch technology, the length of a customer*'*s product development cycle, our dependence and our customers*' *dependence on suppliers, the global economy generally and other risks discussed under* "*Risk Factors*" *and elsewhere in Neonode*'*s public filings with the SEC from time to time, including Neonode*'*s annual reports on Form 10-K, quarterly reports on Form 10-Q, and current reports on Form 8-K. You are advised to carefully consider these various risks, uncertainties and other factors. Although Neonode management believes that the forward-looking statements contained in this press release are reasonable, it can give no assurance that its expectations will be fulfilled. Forward-looking statements are made as of today*'*s date, and Neonode undertakes no duty to update or revise them.*

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**NEONODE INC.**

**CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited)**

*(In thousands, except share and per share amounts)*

---

| | | |
|:---|:---|:---|
|  | March 31, 2026 | December 31, 2025 |
| ASSETS |  |  |
| Current assets: |  |  |
| Cash and cash equivalents | $23233 | $25358 |
| Accounts receivable and unbilled revenues, net | 531 | 391 |
| Prepaid expenses and other current assets | 625 | 495 |
| Current assets of discontinued operations | 41 | 41 |
| Total current assets | 24430 | 26285 |
| Non-current assets: |  |  |
| Property and equipment, net | 140 | 145 |
| Operating lease right-of-use assets, net | 341 | 455 |
| Total non-current assets | 481 | 600 |
| Total assets | $24911 | $26885 |
| LIABILITIES AND STOCKHOLDERS' EQUITY |  |  |
| Current liabilities: |  |  |
| Accounts payable | $367 | $464 |
| Accrued payroll and employee benefits | 942 | 865 |
| Accrued expenses | 394 | 459 |
| Contract liabilities | 103 | 37 |
| Current portion of finance lease obligations | 12 | 12 |
| Current portion of operating lease obligations | 234 | 344 |
| Total current liabilities | 2052 | 2181 |
| Non-current liabilities: |  |  |
| Finance lease obligations, net of current portion | 12 | 15 |
| Operating lease obligations, net of current portion |  |  |
| Total non-current liabilities | 12 | 15 |
| Total liabilities | 2064 | 2196 |
| Commitments and contingencies (Note 4) |  |  |
| Stockholders' equity: |  |  |
| Preferred stock, 1,000,000 shares authorized, with par value of $0.001; no shares issued and outstanding at March 31, 2026 and December 31, 2025, respectively. |  |  |
| Common stock, 25,000,000 shares authorized, with par value of $0.001; 16,782,922 and 16,782,922 shares issued and outstanding at March 31, 2026 and December 31, 2025, respectively. | 17 | 17 |
| Additional paid-in capital | 240955 | 240955 |
| Accumulated other comprehensive loss | (675) | (696) |
| Accumulated deficit | (217450) | (215587) |
| Total stockholders' equity | 22847 | 24689 |
| Total liabilities and stockholders' equity | $24911 | $26885 |

---

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**NEONODE INC.**

**CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited)**

*(In thousands, except per share amounts)*

---

| | | |
|:---|:---|:---|
|  | Three months ended March 31, | Three months ended March 31, |
|  | 2026 | 2025 |
| Revenues: |  |  |
| License fees | $592 | $497 |
| Non-recurring engineering | 22 | 16 |
| Total revenues | 614 | 513 |
| Cost of revenues: |  |  |
| Non-recurring engineering | 4 | 9 |
| Total cost of revenues | 4 | 9 |
| Gross margin | 610 | 504 |
| Operating expenses: |  |  |
| Research and development | 905 | 975 |
| Sales and marketing | 608 | 642 |
| General and administrative | 1168 | 852 |
| Total operating expenses | 2681 | 2469 |
| Operating loss | (2071) | (1965) |
| Other income, net | 209 | 155 |
| Loss before provision for income taxes | (1862) | (1810) |
| Provision for (benefit from) income taxes | 1 | (10) |
| Loss from continuing operations | (1863) | (1800) |
| Income from discontinued operations |  | 67 |
| Net loss | $(1863) | $(1733) |
| *Income (loss) per common share:* |  |  |
| Basic and diluted loss per share from continuing operations | $(0.11) | $(0.11) |
| Basic and diluted income per share from discontinued operations |  |  |
| Basic and diluted net loss per share⁽ᵃ⁾ | $(0.11) | $(0.10) |
| Basic and diluted – weighted average number of common shares outstanding | 16783 | 16783 |

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&nbsp;&nbsp;&nbsp;&nbsp;*(a)* *Does not sum due to rounding.* 

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**NEONODE INC.**

**CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (Unaudited)**

*(In thousands)*

---

| | | |
|:---|:---|:---|
|  | Three months ended March 31, | Three months ended March 31, |
|  | 2026 | 2025 |
| Net loss | $(1863) | $(1733) |
| Other comprehensive income (loss): |  |  |
| Foreign currency translation adjustments | 21 | (134) |
| Total other comprehensive income (loss) | 21 | (134) |
| Comprehensive loss | $(1842) | $(1867) |

---

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**NEONODE INC.**

**CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS**' **EQUITY (Unaudited)**

*(In thousands)*

**For the three months ended March 31, 2026 and 2025**

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| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | Common Stock Shares Issued | Common Stock Amount | Additional Paid-in Capital | Accumulated Other Comprehensive Loss | Accumulated Deficit | Total Stockholders' Equity |
| Balances, December 31, 2025 | 16783 | $17 | $240955 | $(696) | $(215587) | $24689 |
| Foreign currency translation adjustment |  |  |  | 21 |  | 21 |
| Net loss |  |  |  |  | (1863) | (1863) |
| Balances, March 31, 2026 | 16783 | $17 | $240955 | $(675) | $(217450) | $22847 |

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| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | Common Stock Shares Issued | Common Stock Amount | Additional Paid-in Capital | Accumulated Other Comprehensive Loss | Accumulated Deficit | Total Stockholders' Equity |
| Balances, December 31, 2024 | 16783 | $17 | $240955 | $(450) | $(224080) | $16442 |
| Foreign currency translation adjustment |  |  |  | (134) |  | (134) |
| Net loss |  |  |  |  | (1733) | (1733) |
| Balances, March 31, 2025 | 16783 | $17 | $240955 | $(584) | $(225813) | $14575 |

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**NEONODE INC.**

**CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited)**

*(In thousands)*

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| | | |
|:---|:---|:---|
|  | Three months ended March 31, | Three months ended March 31, |
|  | 2026 | 2025 |
| Cash flows from operating activities: |  |  |
| Net loss | $(1863) | $(1733) |
| Adjustments to reconcile net loss to net cash used in operating activities: |  |  |
| &nbsp;&nbsp;&nbsp; Depreciation and amortization | 16 | 9 |
| &nbsp;&nbsp;&nbsp; Amortization of operating lease right-of-use assets | 103 | 82 |
| Changes in operating assets and liabilities: |  |  |
| &nbsp;&nbsp;&nbsp; Accounts receivable and unbilled revenues, net | (140) | (5) |
| &nbsp;&nbsp;&nbsp; Prepaid expenses and other current assets | (185) | 28 |
| &nbsp;&nbsp;&nbsp; Accounts payable, accrued payroll and employee benefits, and accrued expenses | (37) | 262 |
| Contract liabilities | 66 | 75 |
| &nbsp;&nbsp;&nbsp; Operating lease obligations | (66) | (78) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net cash used in operating activities | (2106) | (1360) |
| Cash flows from investing activities: |  |  |
| &nbsp;&nbsp;&nbsp; Purchase of property and equipment | (13) | (40) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net cash used in investing activities | (13) | (40) |
| Cash flows from financing activities: |  |  |
| &nbsp;&nbsp;&nbsp; Principal payments on finance lease obligations | (3) | (2) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net cash used in financing activities | (3) | (2) |
| Effect of exchange rate changes on cash and cash equivalents | (3) | (34) |
| Net change in cash and cash equivalents | (2125) | (1436) |
| Cash and cash equivalents at beginning of period | 25358 | 16427 |
| Cash and cash equivalents at end of period | $23233 | $14991 |
| *Supplemental disclosure of cash flow information:* |  |  |
| Cash paid for income taxes | $1 | $10 |
| *Supplemental disclosure of non-cash investing and financial activities:* |  |  |
| &nbsp;&nbsp;&nbsp; Property and equipment obtained in exchange for finance lease obligations | $- | $28 |

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