Kopin Corporation

KOPN Technology Electronic Components

Kopin Corporation’s revenue for fiscal 2025 (year ended December 2025) was $39.3 million, down 21.9% from fiscal 2024.

Revenue
+50.6%
EPS
+114.7%
Free cash flow
−66.4%

Quarter to June 2026, against a year earlier

2.79 0.56 −16.72%
Market cap
$511.2M
P/E
62.8×
Fwd P/E
−166×
Dividend yield
—
F-score
5/9
Altman Z
2.09
Beneish M
−0.86
Dividend safety
n/a

Insider Decisions last twelve months

Sold, $m 1.85
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell — — — 2 4 2 — — — — — —
Insider Ownership 6.03%

Capital & Financial Ratios $m

Size
Market Cap 511.15
Revenue ttm 43.62
Net income ttm 7.97
Free cash flow ttm (18.42)
Net debt Q (50.28)
Valuation
P/E 62.84 (above 35: high)
Forward P/E (166.00) (negative: loss-making)
Price / sales 12.04 (above 10: high)
Forward P/S Powerpack
Price / FCF 0.00
Price / book 7.59 (above 6: high)
Financial health
Current ratio Q 2.18 (at or above 1.5: strong)
Debt / equity Q 0.00 (at or below 0.5: strong)
Interest coverage Q —
Growth
Revenue growth Q +50.62% (above 0%: growing)
Operating income growth Q +35.85% (above 0%: growing)
EPS, this year −300.00% (below 0%: weak)
EPS, next year A +100.00% (at or above 15%: strong)
Revenue, next year A +54.13% (at or above 10%: strong)
EPS, past 5 yrs —
EPS, next 5 yrs A 0.00%

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

P/S against its own 10 years 86.18%
10-year low 10-year high
P/B against its own 10 years 71.77%
10-year low 10-year high
EV/Sales against its own 10 years 88.23%
10-year low 10-year high

Dividends

Yield
—
Annual rate
—
Payout ratio
—

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 18 37 62 50
Receivables 13 12 16 15
Inventory 8 6 6 5
Other — 7 6 5
40 63 92 79
2023 2024 2025 Q'26
Payables 5 6 5 5
ST’ Debt — — — —
Other 1 0 1 7
16 44 34 36

Compound Annual Growth %

10y 5y 3y
Sales 2.06% (0.40%) (6.04%)
Cash Flow 0.00% 0.00% 0.00%
Earnings 0.00% 0.00% 0.00%
Book Value (2.73%) 20.43% 44.03%

Earnings Trends EPS, adjusted, against the consensus

EPS $

Mar Jun Sep Dec Year
’26 (0.02) 0.00 — — —
’25 (0.02) (0.03) 0.02 0.04 0.01
’24 (0.27) (0.05) (0.03) (0.01) (0.33)
’23 (0.03) (0.07) (0.02) (0.06) (0.18)
’22 (0.02) (0.06) (0.05) (0.07) (0.21)
’21 (0.05) (0.04) (0.02) (0.04) (0.15)
’20 (0.04) (0.01) (0.01) 0.01 (0.05)
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 11 13 — — —
’25 11 8 12 8 39
’24 10 12 13 15 50
’23 11 10 11 9 40
’22 12 12 12 12 47
’21 12 10 11 13 46
’20 8 9 10 14 40
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 (1) (4) — — —
’25 (3) (4) 0 (8) (16)
’24 (3) (3) (6) (2) (14)
’23 (4) (4) (4) (3) (15)
’22 (2) (9) (4) (2) (18)
’21 0 (5) (3) (2) (11)
’20 (4) (3) 0 2 (4)
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 (2) (8) — — —
’25 (4) (5) 0 (8) (17)
’24 (3) (3) (6) (2) (15)
’23 (4) (4) (4) (4) (16)
’22 (3) (9) (4) (2) (19)
’21 (1) (6) (4) (2) (12)
’20 (4) (3) 0 2 (5)
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Jun ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 23 28 24 30 40 46 47 40 50 39 44 +6.3% 61 80 91 +32.4%
Gross margin, % 21.32 34.92 35.29 29.19 46.67 45.14 31.31 38.23 28.15 29.23 41.93 +7.9 pt
EBT (20) (28) (34) (29) (4) (13) (19) (20) (44) 3 6 n/m
EBT margin, % (87.89) (101.80) (140.82) (99.14) (10.97) (29.21) (40.47) (48.50) (86.83) 7.16 13.84 +95.1 pt
Net income (23) (25) (34) (29) (5) (13) (19) (20) (44) 3 8 n/m
Per share, $
Per share, $ Revenue 0.35 0.40 0.33 0.37 0.49 0.51 0.52 0.37 0.38 0.23 0.23 (4.7%)
Earnings (0.36) (0.38) (0.49) (0.37) (0.05) (0.15) (0.21) (0.18) (0.33) 0.02 0.04 n/m
Cash flow (0.41) (0.37) (0.38) (0.26) (0.05) (0.12) (0.19) (0.14) (0.11) (0.09) (0.07) (15.4%)
Capex 0.12 (0.04) (0.02) 0.00 (0.01) (0.01) (0.01) (0.01) (0.01) (0.01) (0.03) n/m
Free cash flow (0.29) (0.41) (0.40) (0.26) (0.06) (0.13) (0.20) (0.15) (0.11) (0.10) (0.10) (11.2%)
Book value 1.16 1.11 0.65 0.36 0.34 0.45 0.26 0.27 0.18 0.42 0.37 (10.7%)
Shares, m 64 70 73 80 82 89 91 109 133 171 178 +11.5%
Valuation, ×
Valuation, × P/E 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 234.00 62.84 23.4
P/S 9.62 8.11 2.99 1.09 4.99 7.96 2.33 5.53 3.59 10.19 12.04 5.6
P/B 2.93 2.92 1.53 1.12 7.07 9.17 4.61 7.57 7.76 6.25 7.59 5.1
EV/Sales 6.21 5.64 1.47 0.35 4.47 7.31 2.07 5.09 2.86 8.62 10.89 4.4
EV/FCF (7.61) (5.47) (1.23) (0.49) (36.16) (28.35) (5.29) (12.68) (9.58) (19.98) (25.78) (12.7)
Cash, $m
Cash, $m Operating cash flow (26) (26) (28) (21) (4) (11) (18) (15) (14) (16) (13) (5.6%)
Capex 8 (3) (1) 0 (1) (1) (1) (1) (1) (1) (5) n/m
Free cash flow (18) (29) (29) (21) (5) (12) (19) (16) (15) (17) (18) (0.9%)
Balance, $m
Balance, $m Working capital 70 68 39 22 23 35 16 24 19 58 43 (2.1%)
Net debt (77) (69) (37) (22) (21) (29) (13) (18) (37) (62) (50) (2.5%)
Shareholders’ equity 74 77 48 29 28 40 24 30 23 72 69 (0.4%)
Returns, %
Returns, % ROA (24.17) (28.18) (45.78) (57.52) (9.74) (24.30) (36.20) (42.44) (73.08) 2.85 9.40 +27.0 pt
ROIC 0.00 (219.57) (238.62) (242.13) (39.43) (83.33) (120.07) (92.50) 0.00 (61.30) (32.93) (61.3) pt
ROE (27.78) (33.30) (55.21) (77.34) (15.51) (39.55) (60.76) (73.83) (166.23) 5.83 18.47 +33.6 pt
People
People Employees 174 175 180 153 160 181 177 144 181 145 — (2.0%)
Revenue/emp, $m 0.13 0.16 0.14 0.19 0.25 0.25 0.27 0.28 0.28 0.27 — +8.5%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Kopin Corporation vs peers in Electronic Components (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
CTS CTS Corporation $1.6B 22.2× 24.1× +4.63% (above 0%: growing) +32.34% (above 0%: growing) +69.79% (above 0%: growing) 42.22% 17.07% Compare
ALNT Allient Inc. $1.3B 34.4× 41.9× +18.49% (above 0%: growing) +133.33% (above 0%: growing) −158.02% (below 0%: shrinking) 36.61% 13.56% Compare
DAKT Daktronics, Inc. $925.3M 19.5× 16.5× +7.12% (above 0%: growing) +17.65% (above 0%: growing) +24.97% (above 0%: growing) 30.52% 10.63% Compare
LYTS LSI Industries Inc. $663.7M 26.0× 23.8× +51.30% (above 0%: growing) −29.63% (below 0%: shrinking) +14.69% (above 0%: growing) 24.47% 6.18% Compare
KOPN Kopin Corporation $511.2M 62.8× — (loss-making) +50.62% (above 0%: growing) n/m −66.44% (below 0%: shrinking) 48.27% (27.51%)
LPTH LightPath Technologies, Inc. $431.1M — (loss-making) — (loss-making) +73.32% (above 0%: growing) n/m −171.87% (below 0%: shrinking) 39.44% (20.31%) Compare
MEI Methode Electronics, Inc. $362.2M — (loss-making) — (loss-making) +10.35% (above 0%: growing) n/m −156.48% (below 0%: shrinking) 17.97% (1.47%) Compare
MPTI M-tron Industries, Inc. $249.1M 19.7× 29.6× +13.76% (above 0%: growing) −16.36% (below 0%: shrinking) +35.44% (above 0%: growing) 41.21% 11.38% Compare
RELL Richardson Electronics, Ltd. $242.7M 28.1× 25.3× +18.89% (above 0%: growing) +115.38% (above 0%: growing) +1,121.05% (above 0%: growing) 34.64% 7.88% Compare
Median of peers $547.4M 24.1× 24.7× +16.13% +25.00% +19.83% 35.62% 9.26%

All 44 Electronic Components stocks →

Pay and ownership Proxy statement filed 22 April 2026

Ownership

Directors and executive officers, together 2.60%
AWM Investment Company, Inc. 9.90%
BlackRock, Inc 6.70%
State Street Corporation 6.10%
Theon International, PLC. 5.50%
Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

Kopin Corporation (KOPN) Latest News

14 Aug

10 Aug

1 Jun

Impact 3 · · The Motley Fool transcript

13 May

Impact 4 · · The Motley Fool transcript
stockrow.com/KOPN · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com