(KOPN) Kopin - Overview
Sector: Technology | Industry: Electronic Components | Exchange: NASDAQ (USA) | Market Cap: 1.026m USD | Total Return: 380.3% in 12m
Avg Turnover: 50.2M
Qual. Beats: 0
Rev. Trend: -7.0%
Qual. Beats: 0
Warnings
P/E ratio 561.0
High Debt while negative Cash Flow
Altman Z'' -8.83 < 1.0 - financial distress zone
Tailwinds
Supp Ema20, Rs Leader, Idiosyncratic Leader, Tailwind, Confidence
Kopin Corporation specializes in the development and manufacturing of microdisplay technologies, including AMLCD, LCoS, OLED, and MicroLED systems. Headquartered in Massachusetts, the company provides critical optical components and subassemblies for high-performance applications in the defense, industrial, and consumer electronics sectors.
The company’s business model relies heavily on government defense contracts, where its displays are integrated into thermal weapon sights, pilot helmets, and armored vehicle targeting systems. In the semiconductor and display sector, microdisplays are increasingly vital for the growth of augmented reality (AR) and virtual reality (VR) hardware, requiring high pixel density and low power consumption.
Investors may find additional data points and valuation metrics on ValueRay to assist in their due diligence. Kopin operates internationally, serving markets across the Asia-Pacific and Europe through both specialized optical lenses and application-specific integrated circuits.
- Defense contract awards for thermal sights and pilot helmets drive revenue
- OLED and MicroLED yield improvements impact manufacturing gross margins
- Military procurement cycles and government budget allocations dictate long-term growth
- Adoption of AR headsets in industrial and medical markets expands backlog
- Research and development spending on next-generation microdisplays pressures near-term profitability
| Net Income: 1.97m TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.15 > 0.02 and ΔFCF/TA 9.18 > 1.0 |
| NWC/Revenue: 132.3% < 20% (prev 31.81%; Δ 100.4% < -1%) |
| CFO/TA -0.13 > 3% & CFO -12.9m > Net Income 1.97m |
| Net Debt/EBITDA: error (EBITDA <= 0) |
| Current Ratio: 2.61 > 1.5 & < 3 |
| Outstanding Shares: last quarter (186.9m) vs 12m ago 12.51% < -2% |
| Gross Margin: 32.92% > 18% (prev 27.04%; Δ 5.88% > 0.5%) |
| Asset Turnover: 45.95% > 50% (prev 78.17%; Δ -32.22% > 0%) |
| Interest Coverage Ratio: error (cannot be calculated; needs correct EBIT TTM and Interest Expense TTM) |
| A: 0.50 (Total Current Assets 82.4m - Total Current Liabilities 31.5m) / Total Assets 102.4m |
| B: -3.94 (Retained Earnings -403.2m / Total Assets 102.4m) |
| C: -0.20 (EBIT TTM -17.0m / Avg Total Assets 83.7m) |
| D: 2.01 (Book Value of Equity 68.4m / Total Liabilities 34.0m) |
| Altman-Z'' = -8.83 = D |
| DSRI: 1.21 (Receivables 15.2m/16.5m, Revenue 38.5m/50.8m) |
| GMI: 0.82 (GM 27.04% / 32.92%) |
| AQI: 2.66 (AQ_t 0.15 / AQ_t-1 0.06) |
| SGI: 0.76 (Revenue 38.5m / 50.8m) |
| TATA: 0.15 (NI 1.97m - CFO -12.9m) / TA 102.4m) |
| Beneish M = -2.19 (Cap -4..+1) = BB |
As of June 03, 2026, the stock is trading at USD 6.10 with a total of 5,804,583 shares traded.
Over the past week, the price has changed by +8.73%,
over one month by +36.47%,
over three months by +155.23% and
over the past year by +380.31%.
Kopin has received a consensus analysts rating of 5.00. Therefore, it is recommended to buy KOPN.
- StrongBuy: 3
- Buy: 0
- Hold: 0
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 7.6 | 25.1% |
P/E Trailing = 561.0
P/E Forward = 85.4701
P/S = 26.0872
P/B = 16.8709
P/EG = 8.747
Revenue TTM = 38.5m USD
EBIT TTM = -17.0m USD
EBITDA TTM = -16.2m USD
Long Term Debt = 661k USD (estimated: total debt 1.32m - short term 661k)
Short Term Debt = 661k USD (from shortTermDebt, last quarter)
Debt = 1.32m USD (from shortLongTermDebtTotal, last quarter) (leases 1.32m already included)
Net Debt = -58.2m USD (calculated: Debt 1.32m - CCE 59.5m)
Enterprise Value = 968.0m USD (1.03b + Debt 1.32m - CCE 59.5m)
Interest Coverage Ratio = unknown (Ebit TTM -17.0m / Interest Expense TTM 0.0)
EV/FCF = -63.80x (Enterprise Value 968.0m / FCF TTM -15.2m)
FCF Yield = -1.57% (FCF TTM -15.2m / Enterprise Value 968.0m)
FCF Margin = -39.43% (FCF TTM -15.2m / Revenue TTM 38.5m)
Net Margin = 5.11% (Net Income TTM 1.97m / Revenue TTM 38.5m)
Gross Margin = 32.92% ((Revenue TTM 38.5m - Cost of Revenue TTM 25.8m) / Revenue TTM)
Gross Margin QoQ = 46.84% (prev 36.97%)
Tobins Q-Ratio = 9.45 (Enterprise Value 968.0m / Total Assets 102.4m)
Interest Expense / Debt = 0.0% (Interest Expense 0.0 / Debt 1.32m)
Taxrate = 9.77% (213k / 2.18m)
NOPAT = -15.4m (EBIT -17.0m * (1 - 9.77%)) [loss with tax shield]
Current Ratio = 2.61 (Total Current Assets 82.4m / Total Current Liabilities 31.5m)
Debt / Equity = 0.02 (Debt 1.32m / totalStockholderEquity, last quarter 68.4m)
Debt / EBITDA = 3.60 (negative EBITDA) (Net Debt -58.2m / EBITDA -16.2m)
Debt / FCF = 3.83 (negative FCF - burning cash) (Net Debt -58.2m / FCF TTM -15.2m)
Total Stockholder Equity = 42.5m (last 4 quarters mean from totalStockholderEquity)
RoA = 2.35% (Net Income 1.97m / Total Assets 102.4m)
RoE = 4.63% (Net Income TTM 1.97m / Total Stockholder Equity 42.5m)
RoCE = -39.49% (EBIT -17.0m / Capital Employed (Equity 42.5m + L.T.Debt 661k))
RoIC = -22.07% (negative operating profit) (NOPAT -15.4m / Invested Capital 69.6m)
WACC = 14.17% (E(1.03b)/V(1.03b) * Re(14.19%) + D(1.32m)/V(1.03b) * Rd(0.0%) * (1-Tc(0.10)))
Discount Rate = 14.19% (= CAPM, Blume Beta Adj.) -> capped to 13.17%
Shares (quarterly) Correlation: 100.00 | Cagr: 26.26%
[DCF] Fair Price = unknown (Cash Flow -15.2m)
EPS Correlation: N/A | EPS CAGR: N/A | SUE: 0.17 | # QB: 0
Revenue Correlation: -7.05 | Revenue CAGR: -0.75% | SUE: 0.17 | # QB: 0
EPS current Quarter (2026-06-30): EPS=-0.01 | Chg30d=N/A | Revisions=N/A | Analysts=6
EPS next Quarter (2026-09-30): EPS=-0.01 | Chg30d=N/A | Revisions=+20% | Analysts=6
EPS current Year (2026-12-31): EPS=-0.05 | Chg30d=N/A | Revisions=+20% | GrowthEPS=-625.0% | GrowthRev=+45.8%
EPS next Year (2027-12-31): EPS=-0.02 | Chg30d=N/A | Revisions=N/A | GrowthEPS=+68.2% | GrowthRev=+31.6%
[Analyst] Revisions Ratio: +20%