Frequently asked questions

First of all: We are talking about the net asset value – this is set by the Swiss tax authorities and has to be reported in your tax statement. We’re not talking about the share value of neon. The share value of neon is stable and reflects the company’s valuation, which did not change.

Secondly: The fact that the net asset value of the participation certificates of a start-up decreases in the first few years is common. The change in the net asset value reflects the investment phases start-ups go through to develop and reach profitability:

Usually, start-ups go through different phases like raising capital (increasing their equity), using it for investments into the company’s development (having therefore a loss of equity in some years), then reaching the break-even point when they become profitable (offsetting the previous equity loss and growing capital again).

The development of neon followed these phases. In 2021 and 2022, neon raised capital via two crowdinvesting campaigns and increased the company equity. In 2023 and 2024, this company equity was used for neon’s development, resulting in an expected loss in equity.

Since the tax authorities base the net asset value of participation certificates on the previous year’s financial statements, the loss of equity is and will be reflected in the net asset value of neon’s participation certificates for 2024 and 2025.

Then, after neon has reached profitability, the net asset value of the participation certificates should increase again. Currently, neon is on a good path towards profitability. To see more details of our current development, you can read our email sent to all crowd investors on 19 December 2024.