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Side-by-side financial comparison of Neonode Inc. (NEON) and Ostin Technology Group Co., Ltd. (OST). Click either name above to swap in a different company.

Ostin Technology Group Co., Ltd. is the larger business by last-quarter revenue ($20.8M vs $430.0K, roughly 48.5× Neonode Inc.). Neonode Inc. runs the higher net margin — 3298.6% vs -24.8%, a 3323.5% gap on every dollar of revenue. On growth, Ostin Technology Group Co., Ltd. posted the faster year-over-year revenue change (39.2% vs -48.7%).

Neonode Inc. develops and markets innovative optical touch sensing and contactless gesture recognition technologies for global clients. Its core offerings include zForce sensing modules, embedded software solutions and custom integration services, deployed across key end segments including automotive infotainment systems, industrial human-machine interfaces, consumer electronics and medical devices.

Ostin Technology Group Co., Ltd. is a provider of display and interactive technology solutions. It develops and manufactures touch panels, interactive whiteboards and custom display modules, serving consumer electronics, education and commercial segments across Asia Pacific, North America and European markets.

NEON vs OST — Head-to-Head

Bigger by revenue
OST
OST
48.5× larger
OST
$20.8M
$430.0K
NEON
Growing faster (revenue YoY)
OST
OST
+87.9% gap
OST
39.2%
-48.7%
NEON
Higher net margin
NEON
NEON
3323.5% more per $
NEON
3298.6%
-24.8%
OST

Income Statement — Q3 2025 vs Q2 2025

Metric
NEON
NEON
OST
OST
Revenue
$430.0K
$20.8M
Net Profit
$14.2M
$-5.2M
Gross Margin
97.9%
9.1%
Operating Margin
-23.4%
Net Margin
3298.6%
-24.8%
Revenue YoY
-48.7%
39.2%
Net Profit YoY
1404.9%
-11.6%
EPS (diluted)
$-2.98

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
NEON
NEON
OST
OST
Q3 25
$430.0K
Q2 25
$599.0K
Q1 25
$513.0K
$20.8M
Q3 24
$838.0K
Q2 24
$801.0K
Q1 24
$814.0K
$15.0M
Q4 23
$373.0K
Q3 23
$1.0M
Net Profit
NEON
NEON
OST
OST
Q3 25
$14.2M
Q2 25
$-1.9M
Q1 25
$-1.7M
$-5.2M
Q3 24
$-1.1M
Q2 24
$-1.7M
Q1 24
$-2.1M
$-4.6M
Q4 23
$-5.9M
Q3 23
$-1.3M
Gross Margin
NEON
NEON
OST
OST
Q3 25
97.9%
Q2 25
99.0%
Q1 25
98.2%
9.1%
Q3 24
97.3%
Q2 24
97.0%
Q1 24
97.9%
5.9%
Q4 23
Q3 23
83.7%
Operating Margin
NEON
NEON
OST
OST
Q3 25
Q2 25
-352.3%
Q1 25
-383.0%
-23.4%
Q3 24
-146.2%
Q2 24
-223.3%
Q1 24
-231.7%
-25.3%
Q4 23
-343.4%
Q3 23
-125.3%
Net Margin
NEON
NEON
OST
OST
Q3 25
3298.6%
Q2 25
-311.9%
Q1 25
-337.8%
-24.8%
Q3 24
-129.7%
Q2 24
-211.6%
Q1 24
-256.0%
-31.0%
Q4 23
-1588.5%
Q3 23
-126.2%
EPS (diluted)
NEON
NEON
OST
OST
Q3 25
Q2 25
$-0.11
Q1 25
$-0.10
$-2.98
Q3 24
$-0.07
Q2 24
$-0.11
Q1 24
$-0.14
$-0.29
Q4 23
$-0.39
Q3 23
$-0.08

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
NEON
NEON
OST
OST
Cash + ST InvestmentsLiquidity on hand
$11.6M
$1.7M
Total DebtLower is stronger
Stockholders' EquityBook value
$26.8M
$2.7M
Total Assets
$32.8M
$52.6M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NEON
NEON
OST
OST
Q3 25
$11.6M
Q2 25
$13.2M
Q1 25
$15.0M
$1.7M
Q3 24
Q2 24
Q1 24
$14.3M
$1.7M
Q4 23
$16.2M
Q3 23
$18.5M
Stockholders' Equity
NEON
NEON
OST
OST
Q3 25
$26.8M
Q2 25
$12.7M
Q1 25
$14.6M
$2.7M
Q3 24
$18.0M
Q2 24
$13.3M
Q1 24
$15.0M
$10.3M
Q4 23
$17.2M
Q3 23
$23.0M
Total Assets
NEON
NEON
OST
OST
Q3 25
$32.8M
Q2 25
$15.1M
Q1 25
$17.0M
$52.6M
Q3 24
$19.6M
Q2 24
$15.2M
Q1 24
$16.9M
$51.4M
Q4 23
$19.0M
Q3 23
$24.8M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
NEON
NEON
OST
OST
Operating Cash FlowLast quarter
$-1.5M
Free Cash FlowOCF − Capex
$-1.6M
FCF MarginFCF / Revenue
-372.6%
Capex IntensityCapex / Revenue
17.4%
Cash ConversionOCF / Net Profit
-0.11×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NEON
NEON
OST
OST
Q3 25
$-1.5M
Q2 25
$-1.8M
Q1 25
$-1.4M
Q3 24
$-1.3M
Q2 24
$-1.2M
Q1 24
$-1.9M
$-3.9M
Q4 23
$-2.2M
Q3 23
$-1.8M
Free Cash Flow
NEON
NEON
OST
OST
Q3 25
$-1.6M
Q2 25
$-1.8M
Q1 25
$-1.4M
Q3 24
Q2 24
Q1 24
$-4.5M
Q4 23
Q3 23
$-1.8M
FCF Margin
NEON
NEON
OST
OST
Q3 25
-372.6%
Q2 25
-296.3%
Q1 25
-272.9%
Q3 24
Q2 24
Q1 24
-30.1%
Q4 23
Q3 23
-180.2%
Capex Intensity
NEON
NEON
OST
OST
Q3 25
17.4%
Q2 25
4.2%
Q1 25
7.8%
Q3 24
0.0%
Q2 24
Q1 24
4.1%
Q4 23
Q3 23
2.2%
Cash Conversion
NEON
NEON
OST
OST
Q3 25
-0.11×
Q2 25
Q1 25
Q3 24
Q2 24
Q1 24
Q4 23
Q3 23

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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