
Kopin Corporation
NASDAQ•KOPN
CEO: Mr. Michael Murray
Sector: Technology
Industry: Hardware, Equipment & Parts
Listing Date: 1992-04-15
Kopin Corporation, together with its subsidiaries, invents, develops, manufactures, and sells microdisplays, subassemblies, and related components for defense, enterprise, industrial, and consumer products in the United States, the Asia-Pacific, Europe, and internationally. It offers miniature active-matrix liquid crystal displays, liquid crystal on silicon displays/spatial light modulators, organic light emitting diode displays, microLED display technologies, application specific integrated circuits, backlights, and optical lenses; and head-mounted and hand-held VR products. The company's products are used for soldier thermal weapon rifle sights, avionic fixed and rotary wing pilot helmets, armored vehicle targeting systems, and training and simulation headsets; industrial and medical headsets; 3D optical inspection systems; and consumer augmented reality and virtual reality wearable headsets systems. Kopin Corporation was incorporated in 1984 and is headquartered in Westborough, Massachusetts.
Contact Information
Market Cap
$581.99M
P/E (TTM)
-89.4
33.4
Dividend Yield
--
52W High
$4.16
52W Low
$0.71
52W Range
Rank54Top 78.1%
2.7
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Weak • 2.7 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2016-2025
Financial Dashboard
Q3 2025 Data
Revenue
$11.96M-10.19%
4-Quarter Trend
EPS
$0.02-188.13%
4-Quarter Trend
FCF
-$217.05K-96.64%
4-Quarter Trend
2025 Q3 Earnings Highlights
Key Highlights
Nine Month Net Loss Reduced Nine month net loss significantly narrowed to $(4.20M) USD from $(41.93M) USD year prior, driven by litigation accrual benefit.
Litigation Accrual Reduced Accrued litigation damages reduced by $5.1M USD following post-trial order; remaining liability stands at $19.7M USD pending appeal.
Strong Post-Period Financing Secured $38.1M net proceeds from September PIPE financing, resolving going concern doubt for next twelve months.
Contract Assets Increased Current contract assets grew to $9.95M USD, primarily due to increased earned amounts from defense production contracts over time.
Risk Factors
Persistent Control Weaknesses Material weaknesses in IT general controls and documentation remain, impacting timely, complete financial reporting processes.
Semiconductor Supply Constraints Continued long lead times for critical semiconductor components risk preventing product completion and sales realization.
Continued Operating Losses Expect significant operating losses and negative cash flow from operations to continue in the foreseeable future.
Litigation Outcome Uncertainty $19.7M litigation liability remains subject to appeal outcome, potentially affecting future cash flows and financial condition.
Outlook
R&D Revenue Expected Growth Funded R&D revenues projected to increase in fiscal year 2026 due to new $15.4M OTA contract award.
Strategic Investment Closed Completed $15M strategic investment from Theon, acquiring 49% interest in Kopin Europe subsidiary.
Capital Spending Forecast Expect capital expenditures between $1.0M USD and $2.0M USD for the remainder of fiscal year 2025.
Revenue Recognition Shift Revenue recognition over time increased to 87% of nine-month revenue, driven by defense production contracts.
Peer Comparison
Revenue (TTM)
$15.09B
$3.85B
$1.73B
Gross Margin (Latest Quarter)
77.7%
52.2%
ADTN38.3%
Key Metrics
Symbol | Market Cap | P/E (TTM) | ROE (TTM) | Debt to Assets |
|---|---|---|---|---|
| YMM | $10.27B | 0.9 | 10.3% | 0.1% |
| ICHR | $1.02B | -24.9 | -5.9% | 16.9% |
| GDYN | $777.66M | 55.9 | 2.6% | 2.2% |
Long-Term Trends
Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
-6.5%
Growth Under Pressure
4Q Net Income CAGR
N/M
Profitability Shift
Cash Flow Stability
0%
Cash Flow Needs Attention
Research & Insights
Next earnings:Apr 16, 2026
EPS:-$0.02
|Revenue:-
Reports
All Years
Form 10-Q - Q3 2025
Period End: Sep 27, 2025|Filed: Nov 12, 2025|Revenue: $11.96M-10.2%|EPS: $0.02-188.1%MeetForm 10-Q - Q2 2025
Period End: Jun 28, 2025|Filed: Aug 12, 2025|Revenue: $8.45M-31.5%|EPS: $-0.03-36.3%MissForm 10-K/A - FY 2024
Period End: Dec 28, 2024|Filed: May 20, 2025|Revenue: $50.34M+24.6%|EPS: $-0.33-83.3%MissForm 10-K/A - FY 2024
Period End: Dec 28, 2024|Filed: May 13, 2025|Refer to amended dataForm 10-Q - Q1 2025
Period End: Mar 29, 2025|Filed: May 13, 2025|Revenue: $10.54M+5.0%|EPS: $-0.02-93.1%MissForm 10-K - FY 2024
Period End: Dec 28, 2024|Filed: Apr 17, 2025|Refer to amended dataForm 10-Q - Q3 2024
Period End: Sep 28, 2024|Filed: Nov 12, 2024|Revenue: $13.32M+25.7%|EPS: $-0.03+25.2%BeatForm 10-Q - Q2 2024
Period End: Jun 29, 2024|Filed: Aug 8, 2024|Revenue: $12.34M+17.9%|EPS: $-0.05-34.4%Miss