Kopin (NASDAQ:KOPN) Posts Quarterly Earnings Results, Misses Expectations By $0.01 EPS

Kopin (NASDAQ:KOPN) issued its quarterly earnings data on Thursday. The company reported ($0.05) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.01), RTT News reports. Kopin had a negative net margin of 125.20% and a negative return on equity of 94.96%. The business had revenue of $12.34 million for the quarter, compared to analysts’ expectations of $9.32 million. During the same quarter in the prior year, the company posted ($0.07) EPS.

Kopin Stock Performance

KOPN stock traded down $0.01 during midday trading on Friday, reaching $0.85. The stock had a trading volume of 283,612 shares, compared to its average volume of 1,672,346. The stock has a market cap of $100.88 million, a PE ratio of -2.03 and a beta of 2.64. The firm has a fifty day simple moving average of $0.88 and a two-hundred day simple moving average of $1.40. Kopin has a 52-week low of $0.67 and a 52-week high of $2.82.

Analyst Ratings Changes

Several analysts have recently commented on KOPN shares. Lake Street Capital started coverage on Kopin in a report on Tuesday, June 18th. They set a “buy” rating and a $2.50 price objective for the company. HC Wainwright reiterated a “buy” rating and set a $3.00 price objective on shares of Kopin in a report on Wednesday, May 15th. Stifel Nicolaus reduced their target price on Kopin from $3.00 to $2.50 and set a “buy” rating for the company in a research note on Friday. Finally, StockNews.com upgraded Kopin to a “sell” rating in a research note on Monday, May 20th.

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.