KOPN Stock Analysis: Kopin | NASDAQ
Electronic Components | NASDAQ, USA | Market Cap: 652m USD | 12M Return: 96.7% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 15.3M
Qual. Beats: 0
Rev. Trend: -7.0%
Qual. Beats: 0
Warnings
Tailwinds
No distinct edge detected
Seasonality 11.6 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Kopin Corporation (NASDAQ: KOPN) is a U.S.-based semiconductor and microdisplay company that designs, manufactures, and sells miniature display technologies and related optical components. Its product portfolio includes active-matrix liquid crystal displays (AMLCDs), ferroelectric liquid crystal on silicon (FLCoS) displays, OLED, and MicroLED technologies, supported by application-specific optics, backlights, and lenses. The company was incorporated in 1984, is headquartered in Westborough, Massachusetts, and went public in 1992.
Kopin serves four end markets: defense, enterprise, industrial, and consumer. Defense applications include thermal weapon sights, avionic helmet-mounted displays for fixed and rotary wing pilots, armored vehicle targeting systems, and training and simulation headsets. Industrial and medical headset applications, 3D optical inspection systems, and consumer augmented reality and virtual reality (AR/VR) wearables round out the product mix. Geographically, the company sells across the United States, Asia-Pacific, Europe, and other international markets.
In addition to its core display business, Kopin has a strategic partnership with Fabric.AI, Inc. to co-develop optical interconnect technology targeting AI data centers. This positions the company in the emerging photonics segment, where optical interconnects are being pursued as a high-bandwidth, low-latency alternative to traditional copper-based data links between compute and memory components in AI infrastructure. As a small-cap (~$830M) player in the Information Technology / Semiconductors segment, Kopins business model is R&D-intensive and dependent on winning design slots in a limited number of high-value defense and emerging AR/VR and AI optics programs.
- Defense microdisplay orders grow on military modernization spending
- AI data center optical interconnect partnership with Fabric.AI advances
- MicroLED adoption accelerates in military and AR/VR headset markets
| 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 August 02, 2026, the stock is trading at USD 3.52 with a total of 3,113,717 shares traded. Over the past week, the price has changed by -1.68%, over one month by -21.43%, over three months by -21.08% and over the past year by +96.65%.
Current recommended Stop Loss: 3.00 (which is 14.8% or 1.3 ATR below the current price).
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 | 116.8% |
P/E Trailing = 352.0
P/E Forward = 33.0033
P/S = 16.5815
P/B = 10.891
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 = 594.1m USD (652.3m + Debt 1.32m - CCE 59.5m)
Interest Coverage Ratio = unknown (Ebit TTM -17.0m / Interest Expense TTM 0.0)
EV/FCF = -39.15x (Enterprise Value 594.1m / FCF TTM -15.2m)
FCF Yield = -2.55% (FCF TTM -15.2m / Enterprise Value 594.1m)
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 = 5.80 (Enterprise Value 594.1m / 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 = 15.47% (E(652.3m)/V(653.6m) * Re(15.50%) + D(1.32m)/V(653.6m) * Rd(0.0%) * (1-Tc(0.10)))
Discount Rate = 15.50% (= CAPM, Blume Beta Adj.) -> capped to 13.17%
Shares (quarterly) Correlation: 96.44 | Cagr: 26.26%
[DCF] Fair Price = unknown (Cash Flow -15.2m)
EPS Correlation: N/A | EPS CAGR: N/A | SUE: -0.12 | # 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=+0% | Analysts=6
EPS next Quarter (2026-09-30): EPS=-0.01 | Chg30d=N/A | Revisions=+25% | Analysts=6
EPS current Year (2026-12-31): EPS=-0.05 | Chg30d=N/A | Revisions=+25% | GrowthEPS=-625.0% | GrowthRev=+45.8%
EPS next Year (2027-12-31): EPS=-0.02 | Chg30d=N/A | Revisions=+0% | GrowthEPS=+68.2% | GrowthRev=+31.6%
[Analyst] Revisions Ratio: +40% (up=2, down=0)