Neonode Adjourns Annual Meeting Due to Lack of Quorum

The latest announcement is out from Neonode ( (NEON) ).

On June 12, 2025, Neonode Inc. announced that its 2025 Annual Meeting of Stockholders was convened and adjourned without any business being conducted due to a lack of quorum. The meeting will reconvene on June 26, 2025, to allow additional time for stockholders to vote on existing proposals. The company emphasized the importance of stockholder participation to ensure a quorum is reached, as no changes have been made to the proposals, and previously submitted proxies will still be valid.

The most recent analyst rating on (NEON) stock is a Buy with a $16.50 price target. To see the full list of analyst forecasts on Neonode stock, see the NEON Stock Forecast page.

Spark’s Take on NEON Stock

According to Spark, TipRanks’ AI Analyst, NEON is a Neutral.

The overall score of 51 reflects significant financial challenges, including declining revenues and negative cash flow. Technical analysis provides some optimism with bullish price trends, but valuation concerns with a negative P/E ratio weigh heavily. Improvement in financial performance is crucial for enhancing the stock’s attractiveness.

To see Spark’s full report on NEON stock, click here.

More about Neonode

Neonode Inc. is a publicly traded company based in Stockholm, Sweden, established in 2001. The company specializes in advanced optical sensing solutions for contactless touch, gesture control, and in-cabin monitoring. Its technology is integrated into over 90 million products, and it holds more than 100 patents worldwide. Neonode serves a diverse customer base, including Fortune 500 companies across various sectors such as consumer electronics, automotive, and self-service kiosks.

Average Trading Volume: 98,006

Technical Sentiment Signal: Buy

Current Market Cap: $165M

See more insights into NEON stock on TipRanks’ Stock Analysis page.