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Side-by-side financial comparison of Neonode Inc. (NEON) and Power REIT (PW). Click either name above to swap in a different company.

Power REIT is the larger business by last-quarter revenue ($506.1K vs $430.0K, roughly 1.2× Neonode Inc.). Neonode Inc. runs the higher net margin — 3298.6% vs -262.1%, a 3560.7% gap on every dollar of revenue. On growth, Power REIT posted the faster year-over-year revenue change (-11.2% vs -48.7%). Over the past eight quarters, Power REIT's revenue compounded faster (-2.7% CAGR vs -34.5%).

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.

H&R Real Estate Investment Trust is a Canadian open-ended real estate investment trust, specializing in commercial real estate, and based in Toronto, Ontario. It is the eighth largest REIT in Canada by market capitalization, following its 2021 strategic review, which included the sale of its Bow office tower and spin-off of Primaris REIT. H&R's portfolio spans 25.6 million sq.ft., 70% by value located in the United States and 49% focused on multi-residential properties, with the remainder inc...

NEON vs PW — Head-to-Head

Bigger by revenue
PW
PW
1.2× larger
PW
$506.1K
$430.0K
NEON
Growing faster (revenue YoY)
PW
PW
+37.5% gap
PW
-11.2%
-48.7%
NEON
Higher net margin
NEON
NEON
3560.7% more per $
NEON
3298.6%
-262.1%
PW
Faster 2-yr revenue CAGR
PW
PW
Annualised
PW
-2.7%
-34.5%
NEON

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
NEON
NEON
PW
PW
Revenue
$430.0K
$506.1K
Net Profit
$14.2M
$-1.3M
Gross Margin
97.9%
Operating Margin
Net Margin
3298.6%
-262.1%
Revenue YoY
-48.7%
-11.2%
Net Profit YoY
1404.9%
58.1%
EPS (diluted)
$-0.43

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
PW
PW
Q4 25
$506.1K
Q3 25
$430.0K
$513.1K
Q2 25
$599.0K
$506.8K
Q1 25
$513.0K
$485.8K
Q4 24
$569.8K
Q3 24
$838.0K
$1.4M
Q2 24
$801.0K
$519.3K
Q1 24
$814.0K
$534.6K
Net Profit
NEON
NEON
PW
PW
Q4 25
$-1.3M
Q3 25
$14.2M
$223.6K
Q2 25
$-1.9M
$320.9K
Q1 25
$-1.7M
$-1.4M
Q4 24
$-3.2M
Q3 24
$-1.1M
$-325.0K
Q2 24
$-1.7M
$-19.1M
Q1 24
$-2.1M
$-2.1M
Gross Margin
NEON
NEON
PW
PW
Q4 25
Q3 25
97.9%
Q2 25
99.0%
Q1 25
98.2%
Q4 24
Q3 24
97.3%
Q2 24
97.0%
Q1 24
97.9%
Operating Margin
NEON
NEON
PW
PW
Q4 25
Q3 25
Q2 25
-352.3%
Q1 25
-383.0%
Q4 24
Q3 24
-146.2%
Q2 24
-223.3%
Q1 24
-231.7%
Net Margin
NEON
NEON
PW
PW
Q4 25
-262.1%
Q3 25
3298.6%
43.6%
Q2 25
-311.9%
63.3%
Q1 25
-337.8%
-290.9%
Q4 24
-555.2%
Q3 24
-129.7%
-22.8%
Q2 24
-211.6%
-3686.4%
Q1 24
-256.0%
-388.5%
EPS (diluted)
NEON
NEON
PW
PW
Q4 25
$-0.43
Q3 25
$0.02
Q2 25
$-0.11
$0.05
Q1 25
$-0.10
$-0.47
Q4 24
$-0.98
Q3 24
$-0.07
$-0.14
Q2 24
$-0.11
$-5.70
Q1 24
$-0.14
$-0.66

Balance Sheet & Financial Strength

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

Metric
NEON
NEON
PW
PW
Cash + ST InvestmentsLiquidity on hand
$11.6M
$2.2M
Total DebtLower is stronger
$20.4M
Stockholders' EquityBook value
$26.8M
$5.1M
Total Assets
$32.8M
$26.9M
Debt / EquityLower = less leverage
3.97×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NEON
NEON
PW
PW
Q4 25
$2.2M
Q3 25
$11.6M
$2.0M
Q2 25
$13.2M
$1.5M
Q1 25
$15.0M
$2.0M
Q4 24
$2.2M
Q3 24
$2.2M
Q2 24
$2.5M
Q1 24
$14.3M
$3.0M
Total Debt
NEON
NEON
PW
PW
Q4 25
$20.4M
Q3 25
$20.5M
Q2 25
$20.9M
Q1 25
$38.8M
Q4 24
$37.9M
Q3 24
$37.5M
Q2 24
$37.4M
Q1 24
$36.2M
Stockholders' Equity
NEON
NEON
PW
PW
Q4 25
$5.1M
Q3 25
$26.8M
$6.2M
Q2 25
$12.7M
$5.9M
Q1 25
$14.6M
$5.5M
Q4 24
$6.8M
Q3 24
$18.0M
$9.8M
Q2 24
$13.3M
$10.0M
Q1 24
$15.0M
$28.9M
Total Assets
NEON
NEON
PW
PW
Q4 25
$26.9M
Q3 25
$32.8M
$28.0M
Q2 25
$15.1M
$27.9M
Q1 25
$17.0M
$45.6M
Q4 24
$46.1M
Q3 24
$19.6M
$48.4M
Q2 24
$15.2M
$49.8M
Q1 24
$16.9M
$68.9M
Debt / Equity
NEON
NEON
PW
PW
Q4 25
3.97×
Q3 25
3.30×
Q2 25
3.51×
Q1 25
7.07×
Q4 24
5.61×
Q3 24
3.84×
Q2 24
3.76×
Q1 24
1.25×

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
PW
PW
Operating Cash FlowLast quarter
$-1.5M
$-68.3K
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
PW
PW
Q4 25
$-68.3K
Q3 25
$-1.5M
$476.4K
Q2 25
$-1.8M
$-240.5K
Q1 25
$-1.4M
$-436.6K
Q4 24
$-1.4M
Q3 24
$-1.3M
$-161.8K
Q2 24
$-1.2M
$-541.5K
Q1 24
$-1.9M
$-402.2K
Free Cash Flow
NEON
NEON
PW
PW
Q4 25
Q3 25
$-1.6M
Q2 25
$-1.8M
Q1 25
$-1.4M
Q4 24
Q3 24
Q2 24
Q1 24
FCF Margin
NEON
NEON
PW
PW
Q4 25
Q3 25
-372.6%
Q2 25
-296.3%
Q1 25
-272.9%
Q4 24
Q3 24
Q2 24
Q1 24
Capex Intensity
NEON
NEON
PW
PW
Q4 25
Q3 25
17.4%
Q2 25
4.2%
Q1 25
7.8%
Q4 24
Q3 24
0.0%
Q2 24
Q1 24
Cash Conversion
NEON
NEON
PW
PW
Q4 25
Q3 25
-0.11×
2.13×
Q2 25
-0.75×
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

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

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