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

Kopin (NASDAQ:KOPN) issued its earnings results on Tuesday. The company reported ($0.03) EPS 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 prior year, the company posted ($0.02) earnings per share.

Kopin Trading Up 1.7 %

Shares of Kopin stock opened at $0.89 on Friday. Kopin has a 1-year low of $0.56 and a 1-year high of $2.82. The firm’s 50-day moving average price is $0.78 and its two-hundred day moving average price is $0.84. The stock has a market capitalization of $108.18 million, a price-to-earnings ratio of -2.18 and a beta of 2.60.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on KOPN shares. HC Wainwright restated a “buy” rating and issued a $3.00 price objective on shares of Kopin in a research note on Wednesday. Stifel Nicolaus dropped their price target 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, StockNews.com raised Kopin from a “sell” rating to a “hold” rating in a report 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.