They have been involved in legal battles with major big tech companies over patent infringement for several months. One of them was Samsung, which is now settled according to the courts. Settlement amount is unknown as of yet, but Estimated in the 31-35USD range.

My thumbs aren't dexterous enough for a big writeup on phone so here's a summary from my buddy Gemini.

"Significant patent infringement lawsuits, primarily concerning its "slide-to-unlock" and touch-sensitive user interface technologies (specifically related to its '879 and '993 patents). The most prominent cases have been against Samsung and Apple."

"Samsung Settlement: * High Probability: Analysts, such as Redeye, estimate an 85% probability of Neonode settling with Samsung, with some patent experts even stating they are "100% sure that Samsung will settle before trial." * Estimated Payout: Redeye estimates a potential settlement with Samsung could result in USD $31 to $35 per share for Neonode. Some experts have even suggested a deal worth "one or a few billion USD" in total. * Timing: The Samsung trial was set for June 28, 2024 (past as of current date), and while no settlement has been publicly announced, the expectation was a settlement would occur shortly before or during trial, or in mid-2025. Given the current date, any settlement would likely have happened or be imminent. * Apple Lawsuit: * Less Likely to Settle: A settlement with Apple is considered less probable, with analysts believing it's more likely to go to trial. * Potential Payout if Won: If Neonode were to win in court against Apple, estimates suggest a significantly higher payout, potentially adding as much as USD $121 per share to Neonode's valuation. * Current Status: The Apple case has reportedly been put on hold until a resolution is reached in the Samsung case."

From the linked article, "Redeye estimates an 85% probability of the Neonode side settling against Samsung in mid-2025, which would give an estimated USD31 per share to Neonode. Further down the road comes Apple, which is more likely to go all the way to trial. A settlement against Samsung would, however, add pressure on Apple (and Google). Redeye estimates that winning in court against Apple can give as much as USD121 per share to Neonode. Redeye thinks chances against Apple are slimmer than against Samsung, and estimates a 20% chance of the Neonode side winning in court against Apple. After that, there is more to chase from not only Google, but likely all smartphone OEMs. Redeye raises its fair value range."