Neonode Stock Plummets 75% Despite $15M-$20M Patent Settlement Windfall

Neonode Inc. shares collapsed 77.5% in premarket trading Thursday despite securing rights to a multimillion-dollar patent settlement. The optical sensing specialist stands to receive $15-$20 million from Samsung's resolution of infringement claims involving technology licensed to Aequitas Technologies.

Market reaction defied conventional wisdom, as investors punished the stock rather than rewarding the unexpected cash infusion. The selloff suggests deeper concerns about Neonode's Core business prospects beyond this one-time legal windfall.

All eyes now turn to Aequitas' pending case against Apple, which could deliver additional funds to Neonode. However, the tech giant's formidable legal resources make any payout uncertain—a risk apparently priced in by today's dramatic selloff.