Kopin Corporation KOPN R2K

Technology · Electronic Components · United States

https://www.kopin.com

Kopin Corporation, together with its subsidiaries, 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. The company offers miniature active-matrix liquid crystal displays, ferroelectric liquid crystal on silicon displays, organic light emitting diode displays, MicroLED display technologies, application specific optical solutions, backlights, and optical lenses. Its products are used for soldier thermal weapon rifle sights, avionic fixed and rotary wing pilot helmets, armored vehicle targeting systems, and training and simulation headsets; industrial and medical headsets; 3D optical inspection systems; and consumer augmented reality and virtual reality wearable headsets systems. Kopin Corporation was incorporated in 1984 and is headquartered in Westborough, Massachusetts.

Market & Price

Market Cap

$1.04B

Current Price

$5.71

High / Low (52W)

$6.05 / $1.27

Beta

3.40

Valuation

Stock P/E

571.00

Industry PE

32.74

Forward P/E

PEG Ratio

8.75

Book Value

$0.34

Price to Book

16.60

P/S

26.55

EV/EBITDA

-60.68

Dividend Yield

Profitability & Returns

ROCE

-20.10%

ROE

4.42%

ROA

-12.71%

Profit Margin

5.00%

Op Margin

-56.74%

EPS (Latest Qtr)

$-0.02

EPS (TTM)

$0.01

Balance Sheet & Liquidity

Debt/Equity

1.93

Quick Ratio

1.56

Current Ratio

2.61

Debt

$1.32M

Total Assets

$108.39M

Current Assets

$91.81M

Working Capital

$57.82M

Ownership

Promoter Holding

6.89%

Chg in Prom Hold

FII / Inst Holding

51.94%

Chg in FII Hold

Financial Snapshot

Enterprise Value

$981.53M

Total Revenue (TTM)

$39.34M

EBITDA

$-16.18M

Free Cash Flow

$-41.43M

Operating Cash Flow

$-12.94M

Shares Outstanding

182.92M

Gross Margin

18.49%

Payout Ratio

0.00%

Growth (CAGR)

Revenue 5Y

-6.73%

Profit 5Y

37.83%

Revenue (YoY)

0.10%

Earnings (YoY)

PROS

Profit CAGR of 37.8% over 5 years.
In a confirmed uptrend (50-DMA above 200-DMA).

CONS

Trading at a high P/E of 571.0.
Revenue declined at -6.7% CAGR over 5 years.

* The pros and cons are auto-generated from financial metrics.

Price Chart

Robinhood TradingView StockAnalysis

Fundamental Growth

Period: Metric:

Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).

Peer comparison

Peer companies in the same sector (Technology).

#	Name	CMP $	P/E	Mkt Cap	Div Yld %	ROCE %	ROE %	Rev CAGR 5Y %	Profit CAGR 5Y %
1	KOPN Kopin Corporation R2K	5.71	571.00	$1.04B	-	-20.10%	4.42%	-6.73%	37.83%
2	NVDA NVIDIA Corporation NDXSPXAI	211.14	32.38	$5.11T	0.47%	81.14%	114.29%	100.05%	201.80%
3	AAPL Apple Inc. NDXSPX	312.06	37.73	$4.58T	0.35%	68.72%	141.47%	1.81%	3.92%
4	MSFT Microsoft Corporation NDXSPXAI	450.24	26.82	$3.34T	0.81%	26.37%	34.01%	12.42%	11.87%
5	TSM Taiwan Semiconductor Manufacturing Company Limited AI	418.45	35.86	$2.17T	0.91%	32.04%	36.21%	18.94%	19.57%
6	MU Micron Technology, Inc. NDXSPXAI	971.00	45.87	$1.10T	0.06%	14.20%	39.82%	6.71%	-0.57%
7	AMD Advanced Micro Devices, Inc. NDXSPXAI	516.10	172.61	$841.55B	-	6.33%	8.06%	13.64%	48.64%
8	ORCL Oracle Corporation SPXAI	225.78	40.46	$649.35B	0.89%	13.07%	57.57%	10.59%	22.81%
9	ASML ASML Holding N.V. NDXAI	1,612.76	53.76	$621.59B	0.54%	43.81%	52.24%	15.55%	19.55%

Quarterly Results

Figures in USD.

Metric	Sep 2015	Dec 2015	Mar 2016	Jun 2016	Sep 2016	Dec 2016	Apr 2017	Jul 2017	Sep 2017	Dec 2017	Mar 2018	Jun 2018	Sep 2018	Dec 2018	Mar 2019	Jun 2019	Sep 2019	Dec 2019	Mar 2020	Jun 2020	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Mar 2022	Jun 2022	Sep 2022	Apr 2023	Jul 2023	Sep 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	9.11M	6.14M	-	7.88M	8.81M	9.51M	-	11.68M	9.91M	10.89M	11.58M	11.91M	11.73M	10.76M	10.46M	10.60M	10.03M	12.34M	-	-	10.54M	8.45M	11.96M	7.51M	7.11M
Cost of Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	7.63M	7.07M	8.40M	4.73M	5.61M
Gross Profit	1.76M	-118.00K	1.34M	-550.00K	949.00K	1.56M	816.00K	862.00K	1.44M	3.65M	983.00K	974.00K	-16.00K	1.44M	-1.26M	-808.00K	265.00K	1.19M	271.00K	1.89M	1.66M	3.29M	-	-	-	-	-	-	-	-	-	-	-	-	-	2.91M	1.38M	3.57M	2.78M	1.50M
Operating Expenses	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	6.82M	6.84M	4.13M	7.79M	7.49M
Operating Income	-5.92M	-	-6.32M	-992.71K	-6.88M	-	-8.66M	-8.07M	-8.60M	-	-9.79M	-8.99M	-10.30M	-	-11.58M	-4.84M	-6.40M	-	-3.54M	-1.10M	-1.11M	-	-4.19M	-3.92M	-2.05M	-6.08M	-5.47M	-4.02M	-2.83M	-4.84M	-2.73M	-32.64M	-5.46M	-	-	-3.91M	-5.46M	-566.87K	-5.02M	-5.99M
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-3.69M	-5.24M	-372.44K	-4.83M	-5.74M
Interest Expense	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Pretax Income	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-3.06M	-5.11M	4.13M	6.86M	-3.70M
Tax Provision	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	52.00K	52.00K	52.00K	52.00K	57.02K
Net Income	-4.68M	-6.77M	-6.93M	-3.19M	-8.12M	-5.19M	-7.86M	-7.33M	-8.25M	-1.80M	-5.54M	-9.24M	-9.79M	-9.97M	-11.33M	-4.26M	-6.62M	-7.29M	-3.60M	-1.12M	-957.44K	1.26M	-4.15M	-3.85M	-2.13M	-1.37M	-5.65M	-6.15M	-2.63M	-8.18M	-2.45M	-32.55M	-5.92M	-	-	-3.11M	-5.17M	4.08M	6.81M	-3.75M
Diluted EPS	-0.07	-0.11	-0.11	-0.05	-0.13	-0.08	-0.12	-	-	-	-	-	-	-	-	-	-	-	-0.04	-0.01	-0.01	0.02	-	-	-	-	-0.06	-0.07	-0.03	-0.07	-0.02	-0.27	-0.05	-0.03	-	-0.02	-0.03	0.02	-	-0.02
R&D Expense	4.01M	-	4.04M	4.12M	4.12M	-	4.28M	4.68M	5.25M	-	4.45M	4.53M	4.60M	-	4.97M	3.33M	2.39M	-	2.34M	2.22M	2.72M	-	3.56M	3.74M	3.75M	5.41M	5.15M	3.44M	2.31M	3.13M	3.09M	2.10M	1.84M	2.60M	-	1.48M	1.95M	2.50M	-	1.11M

Profit & Loss (Annual)

Figures in USD.

Metric	Dec 2009	Dec 2010	Dec 2011	Dec 2012	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Revenue	-	-	-	-	-	-	-	-	-	24.47M	29.52M	40.13M	-	47.40M	40.39M	50.34M	38.47M
Cost of Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	32.56M	24.95M	36.16M	27.83M
Gross Profit	-	-	-	-	-	-	-	-	-	-	-	-	-	14.84M	15.44M	14.17M	10.63M
Operating Expenses	-	-	-	-	-	-	-	-	-	-	-	-	-	36.63M	32.62M	32.48M	25.59M
Operating Income	10.39M	-2.92M	-7.55M	-20.57M	35.90M	-28.43M	-25.24M	-20.47M	-30.30M	-39.97M	-26.38M	-4.76M	-	-21.79M	-17.18M	-18.31M	-14.95M
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-21.07M	-16.57M	-17.67M	-14.12M
Interest Expense	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Pretax Income	-	-	-	-	-	-	-	-	-	-	-	-	-	-19.18M	-19.59M	-43.71M	2.81M
Tax Provision	-	-	-	-	-	-	-	-	-	-	-	-	-	144.00K	156.00K	170.00K	208.00K
Net Income	19.44M	8.83M	3.08M	-18.36M	-4.71M	-28.21M	-14.69M	-23.43M	-25.24M	-34.53M	-29.51M	-4.41M	-	-19.33M	-19.75M	-43.88M	2.61M
Diluted EPS	0.29	0.13	0.05	-0.29	-0.08	-0.45	-0.23	-0.37	-	-	-	-	-	-0.21	-0.18	-0.33	0.01
R&D Expense	-	10.97M	13.22M	12.12M	15.98M	15.50M	14.63M	15.25M	15.52M	12.55M	9.13M	3.92M	6.31M	8.39M	3.60M	5.83M	6.69M

Compounded Sales Growth

5 Years:	-6.73%
1 Year:	0.10%

Compounded Profit Growth

5 Years:	37.83%
1 Year:	-

Stock Price Performance

1 Year:	+346.09%
6 Months:	+141.95%
3 Months:	+158.37%
1 Month:	+45.29%

Balance Sheet (Annual)

Figures in USD.

Metric	Dec 2008	Dec 2009	Dec 2010	Dec 2011	Dec 2012	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Total Assets	-	-	192.10M	193.87M	176.21M	146.13M	122.94M	106.06M	87.83M	91.32M	59.55M	43.05M	47.55M	-	43.75M	49.31M	70.77M	108.39M
Current Assets	-	-	-	-	-	-	-	-	-	-	-	-	-	-	30.86M	39.83M	62.84M	91.81M
Cash & Equivalents	57.95M	49.83M	49.83M	27.14M	16.76M	14.64M	14.64M	19.77M	15.82M	24.85M	14.33M	6.03M	17.11M	-	8.26M	5.71M	14.16M	36.35M
Inventory	-	-	-	-	-	-	-	-	-	-	-	-	-	-	6.43M	7.60M	6.13M	5.51M
Receivables	-	-	-	-	-	-	-	-	-	-	-	-	-	-	6.54M	9.71M	11.85M	10.73M
Total Liabilities	-	-	-	-	-	-	-	-	-	-	-	-	19.25M	-	19.76M	19.80M	47.48M	44.28M
Current Liabilities	-	-	20.53M	22.48M	20.18M	11.24M	13.24M	11.28M	13.37M	12.10M	10.37M	11.31M	16.88M	-	14.46M	15.88M	43.94M	33.99M
Long Term Debt	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total Debt	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3.36M	2.48M	2.12M	1.48M
Total Equity	-	-	165.84M	164.96M	148.73M	134.55M	109.85M	94.74M	74.08M	78.10M	47.86M	28.61M	28.44M	-	24.16M	29.51M	23.28M	64.12M
Shares Outstanding	-	-	-	-	-	-	-	-	-	-	-	-	-	-	92.95M	112.32M	156.43M	177.68M

Cash Flows (Annual)

Figures in USD.

Metric	Dec 2009	Dec 2010	Dec 2011	Dec 2012	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Operating Cash Flow	23.36M	13.93M	19.25M	3.79M	-18.90M	-19.60M	-16.92M	-26.17M	-25.91M	-28.10M	-21.03M	-4.42M	-	-17.69M	-15.26M	-14.23M	-15.54M
Investing Cash Flow	-20.47M	-12.20M	-20.40M	-15.93M	21.46M	18.66M	23.30M	22.83M	11.28M	18.76M	4.74M	11.80M	-	-3.31M	-8.14M	-10.29M	18.00M
Financing Cash Flow	-6.16M	-7.19M	-5.37M	-4.08M	-12.85M	-1.14M	-986.34K	-510.60K	23.10M	-907.12K	7.99M	3.69M	-	2.66M	21.34M	33.52M	43.95M
Capital Expenditure	-3.68M	-15.85M	-7.13M	-9.83M	-741.54K	-1.49M	-1.12M	-394.90K	-2.79M	-1.18M	-170.19K	-542.86K	-	-832.71K	-949.49K	-815.30K	-1.44M
Free Cash Flow	19.67M	-1.92M	12.12M	-6.04M	-19.64M	-21.09M	-18.04M	-26.57M	-28.71M	-29.29M	-21.20M	-4.96M	-	-18.52M	-16.21M	-15.04M	-16.98M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-	-	-	-	-18.34M	-2.06M	9.00M	46.41M
Share Buybacks	5.30M	6.73M	4.41M	3.46M	7.99M	298.62K	0	0	-	-	-	-	-	-	-	-	-
Dividends Paid	-	-	-	-	-	-	0	0	791.74K	-	-	-	-	-	-	-	-

Ratios (Annual)

Figures in %.

Metric	Dec 2009	Dec 2010	Dec 2011	Dec 2012	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Gross Margin %	-	-	-	-	-	-	-	-	-	-	-	-	-	31.3%	38.2%	28.2%	27.6%
Operating Margin %	-	-	-	-	-	-	-	-	-	-163.4%	-89.4%	-11.9%	-	-46.0%	-42.5%	-36.4%	-38.9%
Net Margin %	-	-	-	-	-	-	-	-	-	-141.2%	-100.0%	-11.0%	-	-40.8%	-48.9%	-87.2%	6.8%
ROE %	-	5.3%	1.9%	-12.3%	-3.5%	-25.7%	-15.5%	-31.6%	-32.3%	-72.2%	-103.1%	-15.5%	-	-80.0%	-66.9%	-188.5%	4.1%
ROCE %	-	-1.7%	-4.4%	-13.2%	26.6%	-25.9%	-26.6%	-27.5%	-38.2%	-81.3%	-83.1%	-15.5%	-	-74.4%	-51.4%	-68.3%	-20.1%

Shareholding Pattern

Insiders

6.89%

Institutions

51.94%

Public Float

55.78%

Top Institutional Holders

#	Holder	% Held	Shares	Value
1	Blackrock Inc.	6.61%	12.09M	$69.02M
2	AWM Investment Company, Inc.	6.46%	11.81M	$67.46M
3	State Street Corporation	6.20%	11.35M	$64.80M
4	Vanguard Capital Management LLC	4.20%	7.69M	$43.89M
5	Royce & Associates LP	3.95%	7.22M	$41.22M
6	Telemark Asset Management, LLC	3.83%	7.00M	$39.97M
7	Geode Capital Management, LLC	2.37%	4.34M	$24.76M
8	Herald Investment Management Ltd	1.04%	1.90M	$10.85M
9	Vanguard Portfolio Management LLC	0.91%	1.67M	$9.56M
10	Mitsubishi UFJ Asset Management Co., Ltd.	0.90%	1.64M	$9.35M

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