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Neonode Inc.

For the period ended Jun 30, 2025. Filed Aug 13, 2025.

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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Jun 30, 2025 · Filed Aug 13, 2025

NEON$0.63+4.6%Stored close · as of Nov 6, 2026
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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

(Exact name of registrant as specified in its charter)

Delaware94-1517641
(State or other jurisdiction of incorporation or organization)(IRS Employer Identification No.)
Karlavägen 100, 115 26 Stockholm, SwedenN/A
(Address of principal executive offices)(Zip code)

+46 (0) 70 29 58 519

(Registrant’s telephone number, including area code)

N/A

(Former name, former address and former fiscal year, if changed since last report)

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

Title of each classTrading Symbol(s)Name of each exchange on which registered
Common Stock, par value $0.001 per shareNEONThe Nasdaq Stock Market LLC

Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No ☐

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☒ No ☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer”, “non-accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer☐Accelerated filer☐
Non-accelerated filer☒Smaller reporting company☒
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. ☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act. Yes ☐ No☒

The number of shares of the registrant’s common stock outstanding as of August 11, 2025 was 16,782,922.

Quarterly Report on Form 10-Q

For the Fiscal Quarter Ended June 30, 2025

TABLE OF CONTENTS

PART I FINANCIAL INFORMATION1
Item 1Financial Statements1
Unaudited Condensed Consolidated Balance Sheets as of June 30, 2025 and December 31, 20241
Unaudited Condensed Consolidated Statements of Operations for the three and six months ended June 30, 2025 and 20242
Unaudited Condensed Consolidated Statements of Comprehensive Loss for the three and six months ended June 30, 2025 and 20243
Unaudited Condensed Consolidated Statements of Stockholders’ Equity for the three and six months ended June 30, 2025 and 20244
Unaudited Condensed Consolidated Statements of Cash Flows for the six months ended June 30, 2025 and 20245
Notes to Unaudited Condensed Consolidated Financial Statements6
Item 2Management’s Discussion and Analysis of Financial Condition and Results of Operations14
Item 3Quantitative and Qualitative Disclosures about Market Risk24
Item 4Controls and Procedures24
PART II OTHER INFORMATION25
Item 1Legal Proceedings25
Item 1ARisk Factors25
Item 2Unregistered Sales of Equity Securities and Use of Proceeds25
Item 3Defaults Upon Senior Securities25
Item 4Mine Safety Disclosures25
Item 5Other Information25
Item 6Exhibits25
SIGNATURES26
EXHIBITS

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