A Business at a Glance
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KOPIN CORP
KOPN
$913M
Mkt Cap
$3.58
-5.79%
KOPIN CORP (KOPN) has a 5-year average return on invested capital (ROIC) of -66.8%. This is below average and may indicate limited pricing power.
KOPIN CORP (KOPN) has a market capitalization of $913M. It is classified as a small-cap stock.
KOPIN CORP (KOPN) does not currently pay a regular dividend.
KOPIN CORP (KOPN) operates in the Semiconductors & Related Devices industry, within the Technology sector.
KOPIN CORP (KOPN) reported annual revenue of $39 million in its most recent fiscal year, based on SEC EDGAR filings.
KOPIN CORP (KOPN) has a net profit margin of 6.5%. This is a modest margin.
KOPIN CORP (KOPN) generated $-17 million in free cash flow in its most recent fiscal year. Negative free cash flow may indicate heavy investment or operational challenges.
KOPIN CORP (KOPN) has a debt-to-equity ratio of 0.02. This indicates a conservatively financed balance sheet.
Corporate Background and Market Presence As used herein, the terms “Company,” “we,” “us,” or “our” refer to Kopin Corporation, a Delaware corporation. Kopin Corporation, a Delaware corporation that was incorporated in 1984 and is headquartered in Westborough, Massachusetts, is renowned for its innovative microdisplay technologies and optical systems, catering to defense, enterprise, industrial, consumer, and medical sectors. Our portfolio, as evidenced by our official website www.kopin.com, includes four types of miniature active-matrix liquid crystal displays (“AMLCDs”), liquid crystal on silicon (“LCOS”) displays, organic light emitting diode (“OLED”) displays, and emerging micro light emitting diode (“MicroLED”) displays, in addition to optics, electronics, and housings for subsystems which we call Application Specific Optical Solutions (“ASOS”).
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 39M | 39M | 50M | 40M | 47M | 46M |
| Net Income | 2.5M | 2.5M | -44M | -20M | -19M | -13M |
| EPS | $0.01 | $0.01 | $-0.33 | $-0.18 | $-0.21 | $-0.15 |
| Free Cash Flow | -17M | -17M | -15M | -16M | -19M | -12M |
| ROIC | -31.2% | 5.8% | -166.2% | -73.6% | -60.4% | -39.4% |
| Gross Margin | 67.7% | 67.7% | 88.6% | - | 16.7% | - |
| Debt/Equity | 0.02 | 0.02 | 2.04 | 0.67 | 0.14 | 0.10 |
| Dividends/Share | $0.00 | - | - | - | - | - |
| Operating Income | -9.9M | -9.9M | -43M | -17M | -22M | -14M |
| Operating Margin | -25.1% | -25.1% | -85.6% | -42.5% | -46.0% | -30.2% |
| ROE | 4.0% | 5.8% | -166.2% | -73.6% | -60.4% | -39.4% |
| Shares Outstanding | 255M | 255M | 133M | 110M | 92M | 90M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 32M | 32M | 23M | 28M | 24M | 30M | 40M | 46M | 47M | 40M | 50M | 39M | 39M |
| Gross Margin | 38.4% | 32.8% | 21.3% | 34.9% | 35.3% | 29.2% | 46.7% | N/A | 16.7% | N/A | 88.6% | 67.7% | 67.7% |
| R&D | 15M | 15M | 15M | 16M | 13M | 9.1M | 3.9M | 6.3M | 8.4M | 3.6M | 5.8M | 6.7M | 6.7M |
| SG&A | 20M | 18M | 17M | 21M | 27M | 21M | 12M | 18M | 18M | 22M | 23M | 16M | 16M |
| EBIT | -28M | -25M | -20M | -30M | -40M | -26M | -4.8M | -14M | -22M | -17M | -43M | -9.9M | -9.9M |
| Op. Margin | -89.4% | -78.7% | -90.4% | -108.8% | -163.4% | -89.4% | -11.9% | -30.2% | -46.0% | -42.5% | -85.6% | -25.1% | -25.1% |
| Net Income | -28M | -15M | -24M | -25M | -35M | -30M | -4.4M | -13M | -19M | -20M | -44M | 2.5M | 2.5M |
| Net Margin | -88.7% | -45.8% | -104.1% | -90.7% | -141.2% | -100.0% | -11.0% | -29.4% | -40.8% | -48.9% | -87.2% | 6.5% | 6.5% |
| Non-Recurring | 1.3M | -181K | 7.7M | 600K | 1.4M | -177K | 638K | 489K | 1.7M | 2.0M | 1.7M | 812K | 812K |
| Returns on Capital | |||||||||||||
| ROIC | -23.1% | -14.4% | -27.9% | -33.5% | -55.4% | -76.1% | -15.2% | -39.4% | -60.4% | -73.6% | -166.2% | 5.8% | -31.2% |
| ROE | -23.1% | -14.4% | -27.9% | -33.5% | -55.4% | -77.2% | -15.5% | -39.4% | -60.4% | -73.6% | -166.2% | 5.8% | 4.0% |
| ROA | -21.0% | -12.8% | -24.3% | -28.2% | -45.8% | -57.5% | -9.7% | -24.3% | -36.2% | -42.4% | -73.1% | 2.8% | 2.4% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | -20M | -17M | -26M | -26M | -28M | -21M | -4.4M | -11M | -18M | -15M | -14M | -16M | -16M |
| Free Cash Flow | -21M | -18M | -27M | -29M | -29M | -21M | -5.0M | -12M | -19M | -16M | -15M | -17M | -17M |
| Owner Earnings | -27M | -22M | -30M | -29M | -34M | -24M | -5.9M | -16M | -20M | -20M | -18M | -19M | -19M |
| CapEx | 1.5M | 1.1M | 395K | 2.8M | 1.2M | 170K | 543K | 1.0M | 833K | 949K | 815K | 1.4M | 1.4M |
| Maint. CapEx | 2.6M | 1.5M | 1.0M | 900K | 1.0M | 800K | 651K | 669K | 722K | 608K | 637K | 830K | 830K |
| Growth CapEx | 0 | 0 | 0 | 1.9M | 183K | 0 | 0 | 365K | 111K | 341K | 179K | 608K | 608K |
| D&A | 2.6M | 1.5M | 1.0M | 900K | 1.0M | 800K | 651K | 669K | 722K | 608K | 637K | 830K | 830K |
| CapEx/OCF | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.0% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 0 | 0 | 0 | 792K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Yield | N/A | N/A | N/A | 0.3% | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | 299K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Buyback Yield | 0.1% | N/A | N/A | N/A | N/A | N/A | 0.0% | N/A | N/A | N/A | N/A | 0.0% | 0.0% |
| Stock-Based Comp | 4.8M | 3.1M | 2.4M | 2.3M | 4.8M | 2.1M | 821K | 4.4M | 1.3M | 3.9M | 3.3M | 3.0M | 3.0M |
| Debt Repayment | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Balance Sheet | |||||||||||||
| Net Debt | N/A | N/A | -77M | N/A | N/A | -21M | -19M | -25M | -9.3M | N/A | N/A | -35M | -35M |
| Cash & Equiv. | 15M | 20M | 16M | 25M | 14M | 6.0M | 17M | 27M | 8.3M | 5.7M | 14M | 36M | 36M |
| Long-Term Debt | N/A | N/A | 0 | N/A | N/A | 1.1M | N/A | N/A | N/A | N/A | N/A | N/A | 1.5M |
| Debt/Equity | 0.12 | 0.12 | 0.00 | 0.19 | 0.24 | 0.04 | 0.06 | 0.10 | 0.14 | 0.67 | 2.04 | 0.02 | 0.02 |
| Interest Coverage | N/A | N/A | -66.7 | -61.7 | N/A | -33.0 | -5.3 | -13.8 | -21.8 | -17.2 | -39.2 | -7.6 | -7.6 |
| Equity | 110M | 95M | 74M | 77M | 48M | 29M | 28M | 40M | 24M | 30M | 23M | 64M | 64M |
| Total Assets | 123M | 106M | 88M | 91M | 60M | 43M | 48M | 63M | 44M | 49M | 71M | 108M | 108M |
| Total Liabilities | 14M | 12M | 14M | 15M | 12M | 14M | 19M | 23M | 20M | 20M | 47M | 37M | 37M |
| Intangibles | 617K | 0 | 0 | 884K | 0 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Retained Earnings | -176M | -191M | -214M | -237M | -272M | -301M | -306M | -319M | -338M | -358M | -402M | -399M | -399M |
| Working Capital | 87M | 90M | 70M | 68M | 39M | 22M | 23M | 35M | 16M | 24M | 19M | 58M | 58M |
| Current Assets | 100M | 101M | 83M | 80M | 49M | 34M | 39M | 52M | 31M | 40M | 63M | 92M | 92M |
| Current Liabilities | 13M | 11M | 13M | 12M | 10M | 11M | 17M | 18M | 14M | 16M | 44M | 34M | 34M |
| Per Share Data | |||||||||||||
| EPS | -0.45 | -0.23 | -0.37 | -0.38 | -0.47 | -0.37 | -0.05 | -0.15 | -0.21 | -0.18 | -0.33 | 0.01 | 0.01 |
| Owner EPS | -0.43 | -0.34 | -0.46 | -0.44 | -0.46 | -0.30 | -0.07 | -0.18 | -0.21 | -0.18 | -0.14 | -0.08 | -0.08 |
| Book Value | 1.75 | 1.48 | 1.16 | 1.16 | 0.65 | 0.36 | 0.32 | 0.44 | 0.26 | 0.27 | 0.18 | 0.25 | 0.25 |
| Cash Flow/Share | -0.31 | -0.26 | -0.41 | -0.39 | -0.38 | -0.26 | -0.05 | -0.12 | -0.19 | -0.14 | -0.11 | -0.06 | 0.01 |
| Dividends/Share | N/A | 0.00 | 0.00 | 0.01 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.00 |
| Shares Out. | 62.7M | 63.9M | 63.7M | 66.4M | 73.5M | 79.7M | 88.2M | 89.6M | 92.0M | 109.7M | 133.0M | 254.9M | 254.9M |
| Valuation | |||||||||||||
| P/E Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 358.0 |
| P/FCF | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| EV/EBIT | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Price/Book | 2.0 | 1.9 | 2.5 | 3.0 | 1.7 | 1.2 | N/A | 9.6 | 4.3 | 7.8 | 7.9 | N/A | 14.2 |
| Price/Sales | 7.1 | 6.7 | 6.0 | N/A | N/A | N/A | N/A | 13.9 | 3.5 | 3.9 | 3.3 | N/A | 23.2 |
| FCF Yield | -9.4% | -10.0% | -14.4% | -12.6% | -36.2% | -63.3% | N/A | -3.1% | -18.0% | -7.1% | -8.1% | N/A | -1.9% |
| Market Cap | 225M | 181M | 184M | 227M | 81M | 33M | 0 | 380M | 103M | 229M | 185M | 0 | 913M |
| Avg. Price | 3.59 | 3.36 | 2.13 | 3.66 | 2.76 | 1.02 | 0.00 | 6.70 | 1.79 | 1.44 | 1.26 | 0.00 | 3.58 |
| Year-End Price | 3.59 | 2.83 | 2.91 | 3.24 | 1.10 | 0.42 | 0.00 | 4.02 | 1.12 | 2.09 | 1.39 | 0.00 | 3.58 |
KOPIN CORP passes 1 of 9 quality checks, indicating weak fundamentals.
The company's 5-year average gross margin is 57.7%.
KOPIN CORP (KOPN) reported earnings per share (EPS) of $0.01 in its most recent fiscal year.
KOPIN CORP (KOPN) has a return on equity (ROE) of 5.8%. This indicates moderate shareholder returns.
KOPIN CORP (KOPN) has a 5-year average gross margin of 57.7%. This high margin suggests strong pricing power and a potential competitive moat.
The Ledger Terminal provides 17 years of financial data for KOPIN CORP (KOPN), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
KOPIN CORP (KOPN) has a book value per share of $0.25, based on its most recent annual SEC filing.
No recent press releases.