Kopin (NASDAQ:KOPN) Releases Quarterly Earnings Results, Beats Expectations By $0.02 EPS

Kopin (NASDAQ:KOPN) issued its earnings results on Tuesday. The company reported ($0.03) earnings per share (EPS) for the quarter, topping 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 the consensus estimate of $12.73 million. During the same period in the prior year, the business posted ($0.02) EPS.

Kopin Stock Performance

Shares of NASDAQ:KOPN traded down $0.00 during midday trading on Thursday, hitting $0.88. 346,620 shares of the stock were exchanged, compared to its average volume of 1,486,874. The business’s fifty day simple moving average is $0.78 and its two-hundred day simple moving average is $0.84. Kopin has a 52-week low of $0.56 and a 52-week high of $2.82. The company has a market capitalization of $106.20 million, a PE ratio of -2.14 and a beta of 2.60.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. StockNews.com upgraded Kopin from a “sell” rating to a “hold” rating in a report on Wednesday. Stifel Nicolaus dropped their target price on shares of Kopin from $3.00 to $2.50 and set a “buy” rating for the company in a research report on Friday, August 9th. Finally, HC Wainwright reissued a “buy” rating and set a $3.00 target price on shares of Kopin in a research report on Wednesday.

About Kopin

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.