Neonode stock falls 6.11 percent as Nasdaq deadline nears

Neonode stock stood at USD 0.88 on Nasdaq on September 23, 2026, down 6.11 percent from the previous session. The immediate issue is a Nasdaq minimum bid price notice that gives the company until February 2, 2027, to restore compliance.

Nasdaq sets a February deadline

Stock Titan reported that Nasdaq notified Neonode on August 6, 2026, after the stock closed below the USD 1.00 minimum bid requirement for 30 consecutive business days. The notice keeps NEON on the Nasdaq Capital Market and starts a 180-day grace period.

The compliance deadline is February 2, 2027. Neonode needs a closing bid of at least USD 1.00 for 10 consecutive business days to regain compliance, while a reverse stock split is identified as one possible route if the deficiency persists.

Quarterly revenue remains the test

Neonode reported USD 477,000 of revenue in Q2 2026, compared with USD 614,000 in Q1 2026. That represents a 22.3 percent sequential decline, while operating loss widened from USD 2.071 million in Q1 to USD 2.321 million in Q2.

Net loss reached USD 2.139 million in Q2 2026, versus USD 1.863 million in Q1, and basic earnings per share moved from negative USD 0.11 to negative USD 0.13. Cash and cash equivalents stood at USD 21.32 million on June 30, 2026, down from USD 23.233 million at the end of March.

Small-cap trading stays volatile

The September 23 price of USD 0.88 sits USD 0.16 above the 52-week low of USD 0.72 and USD 3.20 below the 52-week high of USD 4.08. The USD 14.795824 million market capitalization and 35,425-share volume underline the stock's small-cap profile.

For investors, the compliance clock and the quarterly cash trend now form the clearest measurable reference points. The Nasdaq deadline arrives before the next full year of operating results, placing the USD 1.00 bid threshold alongside revenue execution as the central test for the shares.

NEON trades below one dollar

Neonode stock stood at USD 0.88 on Nasdaq on September 23, 2026 at 4:00 p.m. ET, down 6.11 percent on the session. The stock remains below the USD 1.00 threshold cited in the Nasdaq notice.