Kopin (NASDAQ:KOPN) Announces Quarterly Earnings Results

Kopin (NASDAQ:KOPN) issued its earnings results on Tuesday. The company reported ($0.03) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.02, Zacks reports. Kopin had a negative return on equity of 165.86% and a negative net margin of 109.38%. The business had revenue of $13.32 million during the quarter, compared to analyst estimates of $12.73 million. During the same period in the previous year, the company posted ($0.02) EPS.

Kopin Stock Down 5.5 %

Shares of Kopin stock opened at $0.83 on Thursday. The company has a market cap of $100.44 million, a P/E ratio of -2.14 and a beta of 2.60. The firm’s 50 day moving average price is $0.78 and its 200-day moving average price is $0.84. Kopin has a 52-week low of $0.56 and a 52-week high of $2.82.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Stifel Nicolaus decreased their price objective on Kopin from $3.00 to $2.50 and set a “buy” rating for the company in a report on Friday, August 9th. StockNews.com upgraded shares of Kopin from a “sell” rating to a “hold” rating in a report on Wednesday. Finally, HC Wainwright reiterated a “buy” rating and set a $3.00 price objective on shares of Kopin in a research note on Wednesday.

Kopin Company Profile

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.