Demonstrações financeiras detalhadas de Neonode Inc. (NEON): demonstração de resultados, balanço patrimonial e fluxo de caixa. Acompanhe a evolução de margens, dívida, liquidez e rentabilidade ano a ano com até 20 anos de histórico.
Resumo da Análise
Neonode Inc. registou receitas de $2.1M no último exercício, com um CAGR de 5 anos de -19.2%.
Margens dos últimos 12 meses: margem bruta 93.0%, margem operacional 345.6%, margem líquida 397.8%.
Ao preço atual de $0.80, NEON negocia a um P/L de 1.68 e um ROE de 34.15%. A capitalização de mercado é de $13M.
Demonstração de Resultados (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Receita | $10.2M | $10.2M | $8.5M | $6.6M | $6.0M | $5.8M | $5.7M | $3.8M | $3.1M | $2.1M |
| Custo da Receita | $1.3M | $2.3M | $921000 | $683000 | $1.1M | $955000 | $804000 | $12000 | $116000 | $362000 |
| Lucro Bruto | $8.9M | $7.9M | $7.6M | $6.0M | $4.9M | $4.9M | $4.9M | $3.8M | $3.0M | $1.7M |
| P&D | $7.1M | $6.1M | $5.3M | $5.2M | $4.1M | $3.5M | $4.0M | $3.8M | $3.4M | $3.8M |
| Despesas Gerais e Administrativas | $7.0M | $7.3M | $6.2M | $6.5M | $7.0M | $8.4M | $6.2M | $5.7M | $6.1M | $6.4M |
| Despesas Operacionais | $14.0M | $13.4M | $11.5M | $11.7M | $11.1M | $12.0M | $10.2M | $9.6M | $9.5M | $9.8M |
| Lucro Operacional | -$5.1M | -$5.5M | -$3.9M | -$5.7M | -$6.2M | -$7.1M | -$5.3M | -$5.7M | -$6.5M | -$8.1M |
| EBITDA | -$4.9M | -$4.5M | -$2.9M | -$4.5M | -$5.0M | -$6.0M | -$4.6M | -$4.8M | -$5.7M | $8.4M |
| Despesas com Juros | $47000 | $75000 | $49000 | $34000 | $27000 | $15000 | 0 | 0 | 0 | 0 |
| Lucro Antes de Impostos | -$5.3M | -$5.6M | -$3.9M | -$5.8M | -$6.2M | -$7.1M | -$5.2M | -$5.0M | -$5.9M | $8.0M |
| Imposto | $367000 | -$56000 | $13000 | $38000 | $59000 | $146000 | $118000 | $115000 | $15000 | -$9000 |
| Lucro Líquido | -$5.3M | -$4.7M | -$3.1M | -$5.3M | -$5.6M | -$6.5M | -$4.9M | -$10.1M | -$6.5M | $8.5M |
| LPA | $-1.16 | $-0.89 | $-0.52 | $-0.66 | $-0.63 | $-0.61 | $-0.39 | $-0.66 | $-0.41 | $0.51 |
| LPA Diluído | $-1.16 | $-0.89 | $-0.52 | $-0.66 | $-0.63 | $-0.61 | $-0.39 | $-0.66 | $-0.41 | $0.51 |
| Ações em Circulação (Diluídas) | $4.6M | $5.3M | $5.9M | $8.8M | $10.0M | $11.9M | $13.6M | $15.3M | $15.9M | $16.8M |
Demonstração de Resultados (Trimestral)
| Ano | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Receita | $430000 | $520000 | $614000 | $477000 |
| Lucro Bruto | $421000 | $518000 | $491000 | $468000 |
| Lucro Operacional | $13.8M | -$2.4M | -$2.1M | -$2.3M |
| EBITDA | $13.9M | -$2.1M | -$1.7M | -$2.1M |
| Lucro Líquido | $14.2M | -$2.1M | -$1.9M | -$2.1M |
| LPA | $0.85 | $-0.12 | $-0.11 | $-0.13 |
| LPA Diluído | $0.85 | $-0.12 | $-0.11 | $-0.13 |
Balanço (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Caixa e Equivalentes | $3.5M | $5.8M | $6.6M | $2.4M | $10.5M | $17.4M | $14.8M | $16.2M | $16.4M | $25.4M |
| Investimentos de Curto Prazo | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Contas a Receber | $1.8M | $1.3M | $1.8M | $1.5M | $2.2M | $1.6M | $1.7M | $1.1M | $955000 | $391000 |
| Estoque | $696000 | $1.2M | $1.2M | $1.0M | $1.3M | $2.5M | $3.8M | $610000 | 0 | 0 |
| Ativos Circulantes | $7.7M | $9.8M | $10.5M | $5.4M | $14.7M | $22.0M | $20.8M | $18.6M | $17.7M | $26.3M |
| Imobilizado | $2.0M | $3.3M | $2.5M | $2.0M | $1.9M | $960000 | $400000 | $110000 | $696000 | $600000 |
| Ágio | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Ativos Intangíveis | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Ativos Totais | $9.7M | $13.1M | $13.2M | $7.4M | $16.6M | $23.0M | $21.2M | $19.0M | $18.4M | $26.9M |
| Contas a Pagar | $1.3M | $509000 | $501000 | $555000 | $1.1M | $776000 | $334000 | $400000 | $229000 | $464000 |
| Dívida de Curto Prazo | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Passivos Circulantes | $4.6M | $3.6M | $2.3M | $3.0M | $4.2M | $3.0M | $1.7M | $1.8M | $1.6M | $2.2M |
| Dívida de Longo Prazo | $960000 | $1.7M | $1.1M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Passivos Totais | $5.6M | $5.3M | $3.4M | $3.6M | $4.7M | $3.2M | $1.8M | $1.9M | $1.9M | $2.2M |
| Reservas | -$179.0M | -$183.7M | -$185.2M | -$190.5M | -$196.2M | -$202.6M | -$207.5M | -$217.6M | -$224.1M | -$215.6M |
| Patrimônio Líquido | $4.5M | $9.0M | $11.8M | $6.4M | $15.1M | $23.9M | $19.4M | $17.2M | $16.4M | $24.7M |
| Dívida Total | $2.1M | $3.9M | $2.8M | $1.5M | $1.7M | $865000 | $259000 | $10000 | $546000 | $371000 |
| Dívida Líquida | -$1.3M | -$1.9M | -$3.7M | -$891000 | -$8.7M | -$16.5M | -$14.6M | -$16.1M | -$15.9M | -$25.0M |
| Capital de Giro | $3.1M | $6.2M | $8.2M | $2.4M | $10.4M | $19.1M | $19.1M | $16.8M | $16.1M | $24.1M |
Balanço (Trimestral)
| Ano | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Caixa e Equivalentes | $11.6M | $25.4M | $23.2M | $21.3M |
| Ativos Totais | $32.8M | $26.9M | $24.9M | $23.6M |
| Passivos Totais | $6.0M | $2.2M | $2.1M | $2.9M |
| Patrimônio Líquido | $26.8M | $24.7M | $22.8M | $20.8M |
| Dívida Total | $394000 | $371000 | $258000 | $1.1M |
Fluxo de Caixa (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Lucro Líquido | -$5.6M | -$5.5M | -$3.9M | -$5.8M | -$6.3M | -$7.3M | -$5.3M | -$10.1M | -$6.5M | $8.5M |
| Depreciação e Amortização | $360000 | $953000 | $1.0M | $1.3M | $1.2M | $1.1M | $519000 | $160000 | $137000 | $336000 |
| Compensação em Ações | $255000 | $72000 | $29000 | 0 | $77000 | $157000 | $122000 | $58000 | $3000 | 0 |
| Variação Capital de Giro | -$1.3M | -$1.1M | $40000 | $507000 | -$724000 | -$1.7M | -$2.1M | $25000 | $187000 | $444000 |
| Fluxo de Caixa Operacional | -$6.3M | -$5.6M | -$2.9M | -$3.5M | -$5.8M | -$7.7M | -$6.8M | -$6.3M | -$5.6M | -$10.3M |
| CapEx | -$987000 | -$656000 | -$236000 | -$89000 | -$60000 | -$67000 | -$52000 | -$123000 | -$37000 | -$91000 |
| Aquisições | -$3000 | 0 | $4000 | 0 | $2000 | 0 | 0 | 0 | 0 | 0 |
| Recompra de Ações | 0 | 0 | 0 | 0 | 0 | 0 | -$12000 | 0 | 0 | 0 |
| Dividendos Pagos | 0 | 0 | 0 | 0 | -$33000 | 0 | 0 | 0 | 0 | 0 |
| Fluxo de Caixa Livre | -$7.2M | -$6.2M | -$3.1M | -$3.6M | -$5.8M | -$7.7M | -$6.9M | -$6.4M | -$5.6M | -$10.3M |
Fluxo de Caixa (Trimestral)
| Ano | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Fluxo de Caixa Operacional | -$1.5M | -$5.6M | -$2.1M | -$1.9M |
| CapEx | -$75000 | -$1000 | -$13000 | -$1000 |
| Fluxo de Caixa Livre | -$1.6M | -$5.6M | -$2.1M | -$1.9M |
| Dividendos Pagos | 0 | 0 | 0 | 0 |
| Compensação em Ações | 0 | 0 | 0 | 0 |
Crescimento e Margens (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Crescimento Receita (anual) | | +0.3% | -16.6% | -22.2% | -10.0% | -2.5% | -2.8% | -32.5% | -18.8% | -33.7% |
| Crescimento Lucro Líquido (anual) | | +11.1% | +35.0% | -73.1% | -5.8% | -15.1% | +24.3% | -107.3% | +36.1% | +231.3% |
| Crescimento LPA (anual) | | +23.3% | +41.6% | -26.9% | +4.5% | +3.2% | +36.1% | -69.2% | +37.9% | +224.4% |
| Variação de Ações (anual) | | +15.8% | +11.2% | +50.3% | +12.9% | +19.2% | +14.5% | +12.4% | +3.6% | +5.7% |
| Crescimento FCF (anual) | | +13.8% | +50.4% | -16.5% | -61.2% | -33.3% | +11.4% | +6.3% | +12.5% | -83.8% |
| Margem Bruta | 86.9% | 77.1% | 89.2% | 89.7% | 82.0% | 83.6% | 85.8% | 99.7% | 96.3% | 82.4% |
| Margem Operacional | -50.4% | -53.5% | -45.4% | -86.2% | -103.5% | -121.8% | -93.2% | -149.8% | -210.6% | -391.5% |
| Margem EBITDA | -47.7% | -44.2% | -33.6% | -67.3% | -84.0% | -102.3% | -81.9% | -126.4% | -184.1% | 405.6% |
| Margem Líquida | -51.8% | -45.9% | -35.8% | -79.7% | -93.7% | -110.5% | -86.1% | -264.4% | -208.0% | 411.9% |
| Margem FCF | -70.9% | -60.9% | -36.2% | -54.3% | -97.1% | -132.7% | -121.0% | -168.0% | -181.1% | -501.7% |
| Taxa Efetiva de Imposto | -6.9% | 1.0% | -0.3% | -0.7% | -0.9% | -2.0% | -2.3% | -2.3% | -0.3% | -0.1% |
Dados por Ação (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| FCF por Ação | $-1.58 | $-1.18 | $-0.53 | $-0.41 | $-0.58 | $-0.65 | $-0.50 | $-0.42 | $-0.35 | $-0.62 |
| Dividendo por Ação | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Ações em Circulação (Básicas) | $4.6M | $5.3M | $5.9M | $8.8M | $10.0M | $11.9M | $13.6M | $15.3M | $15.9M | $16.8M |
O que olhar em empresas de Technology
- Crescimento de receita 3a (≥15%/ano) — Valida tração sustentada, não um ano pontual.
- Margem bruta (Depende do sub-setor) — SaaS ≥70%, Internet ≥55%, Semis ≥45%, Hardware ≥35%.
- FCF / Receita (≥20%) — Caixa real gerada. Muitas tech maquilham lucros não-GAAP.
- ROIC (≥15%) — Eficiência do capital reinvestido — a primeira métrica de Buffett.
- SBC / Receita (<10% saudável) — Stock-based compensation. Diluição silenciosa: >20% destrói valor.
- Dívida Líquida / EBITDA (≤2x (1,5x SaaS)) — Resistência em recessões e subidas de juros.
Rentabilidade
| Retorno sobre patrimônio | 34.15% |
| Retorno sobre capital investido | 32.33% |
| Retorno sobre ativos | 34.36% |
| Margem bruta | 92.99% |
| Margem operacional | 345.57% |
| Margem líquida | 397.84% |
Saúde financeira
| Dívida / Patrimônio | 0.05 |
| Liquidez corrente | 10.86 |
Índices Chave (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| P/L | -15.86 | -8.31 | -3.19 | -2.94 | -10.71 | -14.51 | -14.10 | -3.47 | -20.07 | 3.41 |
| P/VP | 18.66 | 4.34 | 0.83 | 2.68 | 4.46 | 4.41 | 3.86 | 2.04 | 7.95 | 1.18 |
| P/V | 8.23 | 3.82 | 1.14 | 2.58 | 11.27 | 18.06 | 13.22 | 9.16 | 42.03 | 14.16 |
| Margem Bruta | 86.9% | 77.1% | 89.2% | 89.7% | 82.0% | 83.6% | 85.8% | 99.7% | 96.3% | 82.4% |
| Margem Operacional | -50.4% | -53.5% | -45.4% | -86.2% | -103.5% | -121.8% | -93.2% | -149.8% | -210.6% | -391.5% |
| Margem Líquida | -51.8% | -45.9% | -35.8% | -79.7% | -93.7% | -110.5% | -86.1% | -264.4% | -208.0% | 411.9% |