Friday 6 November 2026
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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%
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Target Price Range
Analyst price targets
Free accountTen 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
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% |
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