Kopin (NASDAQ:KOPN) Announces Earnings Results

Kopin (NASDAQ:KOPN - Get Free Report) released its quarterly earnings results on Tuesday. The company reported ($0.06) EPS for the quarter, missing analysts' consensus estimates of ($0.05) by ($0.01), Zacks reports. Kopin had a negative return on equity of 55.35% and a negative net margin of 48.89%. The firm had revenue of $10.03 million for the quarter, compared to analyst estimates of $8.96 million. During the same quarter last year, the company earned ($0.03) earnings per share.

Kopin Price Performance

Shares of NASDAQ KOPN remained flat at $0.83 during mid-day trading on Wednesday. The stock had a trading volume of 1,662,506 shares, compared to its average volume of 2,086,208. The stock has a market cap of $97.87 million, a P/E ratio of -4.59 and a beta of 2.56. The business's fifty day moving average price is $1.46 and its 200-day moving average price is $1.76. Kopin has a twelve month low of $0.67 and a twelve month high of $2.82.

Analyst Ratings Changes

Several brokerages have recently issued reports on KOPN. HC Wainwright reiterated a "buy" rating and issued a $3.00 price objective on shares of Kopin in a research note on Wednesday. StockNews.com upgraded Kopin to a "sell" rating in a research note on Friday, April 26th.

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.