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Kopin Corporation KOPN

We limit data available in the Overview Report for users who do not have Powerpack

Get access to target analyst prices, predictions, compound annual growth rates and more than four years of historical data.

Insider Decisions

Total sells
1.85
in millions of $
Nov 25 Feb 26 May 26 Aug 26
Buy
Sell 2 4 2
Insider Ownership
6.03%

Capital & Financial Ratios

Market Cap
877.32
Revenue
43.62
Net Income
7.97
Free Cash Flow
(18.42)
Net Debt
(50.28)
Current Ratio
2.18
Debt/Equity
0.00
P/E ratio
118.50
P/S ratio
20.46
P/B ratio
12.89
Past 5Y EPS Growth
2.12%
This Y EPS Growth
(280.00%)
Next Y EPS Growth
122.22%
Next 5Y EPS Growth
25.99%
in millions of $

Dividends

Payout Ratio
0.00
Annual Dividend Rate
Annual Dividend Yield
total individual payouts
2022 ‡‡‡
2021 ‡‡‡
2020 ‡‡‡
2019 ‡‡‡
2017 ‡‡‡
predictions in italic, special payouts not included in total or ratios

Assets vs Liabilities

2023 2024 2025 Q'26
Cash 17.90 36.63 61.63 50.28
Receivables 13.12 11.85 15.78 15.24
Inventory 7.60 6.13 5.51 4.73
Other 7.07 6.03 4.95
39.83 62.84 91.81 79.29
2023 2024 2025 Q'26
Payables 4.95 5.94 5.32 4.85
ST’ Debt
Other 1.33 0.09 1.17 6.96
15.88 43.94 33.99 36.39
in millions of $

Compound Annual Growth

10y 5y 3y
Sales ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡
Cash Flow ‡‡‡ ‡‡‡ ‡‡‡
Earnings ‡‡‡ ‡‡‡ ‡‡‡
Book Value ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡

Revenue

Mar Jun Sep Dec Year
’26 10.55 12.73
’25 10.54 8.45 11.96 8.37
39.32
’24 10.03 12.34 13.32 14.65
50.34
’23 10.76 10.46 10.60 8.58
40.39
’22 11.58 11.91 11.73 12.18
47.40
’21 11.68 9.91 10.89 13.20
45.67
’20 7.88 8.81 9.51 13.92
40.13
in millions of $

Operating Cash Flow

Mar Jun Sep Dec Year
’26 (0.81) (4.33)
’25 (3.41) (4.16) (0.11) (7.86)
(15.54)
’24 (3.11) (3.08) (6.46) (1.59)
(14.23)
’23 (4.17) (3.82) (3.80) (3.47)
(15.26)
’22 (2.28) (9.15) (4.17) (2.08)
(17.69)
’21 (0.25) (5.36) (3.45) (1.69)
(10.75)
’20 (3.87) (2.89) 0.48 1.86
(4.42)
in millions of $

Free Cash Flow

Mar Jun Sep Dec Year
’26 (2.11) (8.14)
’25 (3.91) (4.89) (0.22) (7.95)
(16.98)
’24 (3.35) (3.14) (6.47) (2.08)
(15.04)
’23 (4.39) (3.95) (3.93) (3.94)
(16.21)
’22 (2.81) (9.23) (4.20) (2.28)
(18.52)
’21 (0.59) (5.68) (3.65) (1.86)
(11.78)
’20 (4.02) (2.94) 0.39 1.61
(4.96)
in millions of $

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) 0.02
(0.05)

Target Price Range

High
‡‡‡‡‡
‡‡‡‡
Average
‡‡‡‡‡
‡‡‡‡
Low
‡‡‡‡‡
‡‡‡

Recommendation Rating

1
1
Buy
2
3
Hold
4
5
Sell
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028
‡‡‡‡ ‡‡‡ ‡‡‡‡ ‡‡‡‡ ‡‡‡‡ ‡‡‡‡ 0.96 0.94 0.56 0.71
Low Price
‡‡‡ ‡‡‡ ‡‡‡‡ ‡‡‡‡ ‡‡‡‡ ‡‡‡‡‡ 4.47 2.50 2.82 4.16
High Price
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 177 144 181 145
Employees
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 0.27 0.28 0.28 0.27
Revenue/Emp
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 47.40 40.39 50.34 39.32 ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡
Revenue
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 31.31% 38.23% 28.15% 29.23%
Gross Margin
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ (19.18) (19.59) (43.71) 2.81
EBT
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ (40.47%) (48.50%) (86.83%) 7.16% ‡‡‡ ‡‡‡ ‡‡‡
EBT Margin
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ (19.33) (19.75) (43.88) 2.61 ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡
Net Income
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 0.72 0.61 0.64 0.83
Depreciation
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 0.52 0.37 0.38 0.23 ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡
Revenue/Sh
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ (0.21) (0.18) (0.33) 0.01 ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡
Earnings/Sh
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ (0.19) (0.14) (0.11) (0.09)
Cash Flow/Sh
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ (0.01) (0.01) (0.01) (0.01) ‡‡‡ ‡‡‡ ‡‡‡
Capex/Sh
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ (0.20) (0.15) (0.11) (0.10)
Free CF/Sh
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 0.26 0.27 0.18 0.42
Book Value/Sh
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 91.43 108.98 132.88 171.25 ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡
Shares
‡‡‡ ‡‡‡ ‡‡‡ ‡‡‡ ‡‡‡ ‡‡‡ 0.00 0.00 0.00 234.00 ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡
PE Ratio
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 2.33 5.53 3.59 10.19 ‡‡‡ ‡‡‡ ‡‡‡
PS Ratio
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 4.61 7.57 7.76 6.25 ‡‡‡ ‡‡‡ ‡‡‡
PB Ratio
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 2.14 5.16 2.92 8.69 ‡‡‡‡ ‡‡‡‡ ‡‡‡‡
EV/Sales
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ (5.47) (12.85) (9.76) (20.14)
EV/FCF
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ (17.69) (15.26) (14.23) (15.54) ‡‡‡ ‡‡‡ ‡‡‡
Op' Cash Flow
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ (0.83) (0.95) (0.82) (1.44) ‡‡‡‡‡
Capex
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ (18.52) (16.21) (15.04) (16.98)
FCF
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 16.40 23.95 18.90 57.82
Working Cap'
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 3.36
Total Debt
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ (9.28) (17.90) (36.63) (61.63)
Net Debt
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 23.99 29.51 23.28 71.67
Sh' Equity
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ (36.20%) (42.44%) (73.08%) 2.85%
ROA
‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ (92.60%) (92.50%) 0.00% (61.30%)
ROIC
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ (60.76%) (73.83%) (166.23%) 5.83%
ROE
predictions in italic, sparklines do not include predictions

Analyst Commentary (Summary)

Kopin Corporation (KOPN), a niche player in microdisplays for AR headsets and defense applications, has seen revenue double to $50.3 million by 2024, yet it grapples with chronic losses, aggressive share dilution (shares up 107% since 2016), and relentless cash burn exceeding $200 million over nine years. Gross margins have eroded to 28%, ROE plunged to -166%, and book value per share halved to $0.18, underscoring a balance sheet strained by operational inefficiencies and unproven commercial traction despite pivots to higher-margin OLED tech.

Analysts forecast a dramatic turnaround—revenue surging 55% to $78.2 million by 2027 with positive EPS—implying 48-170% stock upside from current lows, following a post-2021 crash from AR hype peaks. However, this contrarian analysis highlights red flags: revenue per share dilution, defense program delays like IVAS restructurings, zero insider buying, and competition from giants like Sony and Samsung, evoking historical tech bubbles where promise outpaced delivery.

In a market fond of “buy the dip,” Kopin’s volatile history—from 2021 froth to reality-check lows—warns of sinkholes ahead unless catalysts like IVAS Phase 2.2 or AR wins materialize. Delve deeper for the full dissection of metrics, risks, and whether this microcap relic can finally deliver.

Kopin Corporation (KOPN) Latest News

News by impact score

Fine-tune

8 Sep

3 , 8:31 AM
Kopin secures $2.4 million order for OLED microdisplays for international thermal weapon sight program. The order adds revenue in defense applications but remains modest in scale relative to overall operations.

18 Aug

3 , 9:15 AM
Kopin Corporation and Fabric.AI launched a Joint Steering Committee led by Kopin CEO Michael Murray to expand Neural I/o™ industry engagement. Joint steering committee with Fabric.AI advances Kopin neural interface initiatives through expanded industry collaboration.

14 Aug

4 www.marketbeat.com, 10:02 PM
Kopin Corporation is pursuing MicroLED technology for defense drones and AI data centers. Strategic MicroLED push into defense and AI markets can materially shift Kopin's growth path and investor outlook.

11 Aug

4 247wallst.com, 1:40 PM
Kopin stock surged Tuesday after the company received a MicroLED development award. MicroLED award advances core display technology and strengthens long-term market position.

4 , 1:02 AM
Kopin Corp reported 51% revenue growth in Q2 2026 driven by AI and defense demand. Revenue surge in AI and defense indicates major strategic momentum likely to lift future performance.

3 transcript app.moby.co, 10:31 PM
Kopin Corporation presented Q2 2026 financial results and outlook during its earnings call. Quarterly earnings call delivers financial updates with moderate short-term influence on operations and sentiment.

3 , 9:15 AM
Kopin Corporation and Fabric.AI confirm plans for first public demonstration of Neural I/o™ MicroLED Optical Interconnect at CES 2027. Future demonstration of new interconnect technology points to moderate influence on Kopin's product innovation and positioning.

10 Aug

3 www.marketbeat.com, 8:04 PM
Kopin Corporation's Q2 earnings call covered financial results, operational updates, and strategic outlook for the company. Q2 earnings details typically deliver moderate updates on performance that can shift near-term investor views without major trajectory changes.

3 , 4:05 PM
Kopin Corporation reported its second quarter 2026 financial results. Quarterly financial results typically influence short-term investor sentiment and stock movement without altering long-term company trajectory.

3 Aug

3 , 9:00 AM
Fabric.AI and Kopin publish joint white paper on MicroLED optical interconnect technology for next-generation AI data centers. White paper on MicroLED tech signals innovation step for Kopin in AI data center space without immediate revenue or product effects.

14 Jul

4 , 8:31 AM
Kopin achieved three critical milestones advancing U.S. Army Color MicroLED Technology for Ground Soldier Vision Applications. Milestones in Army MicroLED tech signal potential major defense contracts and revenue growth for Kopin.

29 Jun

4 , 8:31 AM
Kopin secures multiple orders for Sentinel FPV prototypes as its Drone Dominance Program accelerates. Multiple prototype orders indicate expanding defense contracts that can drive revenue growth and market positioning.

28 Jun

3 , 5:34 AM
Kopin Corporation (KOPN) will open a new optics and photonics design center in Dallas. New design center expands core optics and photonics capabilities with moderate effect on operations and positioning.

24 Jun

4 GlobeNewswire, 9:15 AM
Fabric.AI stockholders ratified a strategic partnership with Kopin to develop Neural I/o MicroLED Optical Interconnect Technology for next-generation AI data centers. Ratified partnership advances Kopin MicroLED technology directly into AI data center applications with potential to shift competitive positioning.

23 Jun

3 Business Wire, 8:31 AM
Kopin Corporation opens new optics and photonics design center in Dallas, Texas to expand U.S. operations. New Dallas design center supports expanded optics and photonics development potentially strengthening innovation capacity.

1 Jun

3 transcript www.fool.com, 2:47 PM
Kopin Corporation conducted its Q4 2025 earnings call, covering financial performance, operational updates, and forward-looking guidance. Earnings call provides financial metrics and guidance that can moderately shift investor views and near-term stock movement.

25 May

4 Simply Wall St., 8:11 AM
Kopin secures defense microdisplay contracts and receives positive analyst commentary, prompting fresh valuation assessment of the company. Defense microdisplay wins and analyst support represent major strategic gains likely to boost revenue and shift company trajectory.

23 May

4 Simply Wall St., 4:11 PM
Kopin Corporation advances defense OLED technology and AI display initiatives, framing these efforts as potential game changers for its market position and long-term growth. Defense OLED and AI display pushes represent major strategic initiatives with potential to significantly shift Kopin's trajectory and investor sentiment.

19 May

4 Simply Wall St., 11:13 PM
Kopin Corporation narrative shifts with FPV drone prospects and fresh contract wins. FPV drone momentum plus new contracts signal major strategic expansion that can lift revenue and investor sentiment.

14 May

3 Business Wire, 9:23 AM
Kopin Corporation will showcase new advanced soldier vision technologies during SOF Week 2026. Showcasing advanced soldier vision tech at SOF Week 2026 boosts Kopin's defense visibility and competitive positioning without guaranteeing contracts.

13 May

4 transcript www.fool.com, 10:13 AM
Kopin Corporation (KOPN) released the Q1 2026 earnings call transcript detailing financial results, operational updates, and forward guidance. Earnings transcripts disclose quarterly financials, management commentary, and guidance that significantly shape investor expectations and stock performance.

4 app.moby.co, 8:30 AM
Kopin Corporation released its Q1 2026 earnings call summary, detailing quarterly financial results, operational updates, and future guidance. Q1 2026 earnings disclosure reveals financial performance and strategic outlook, significantly impacting stock trajectory and investor confidence.

12 May

4 GuruFocus.com, 7:03 PM
Kopin Corporation's Q1 2026 earnings call highlighted strategic collaborations expanding market opportunities and partnerships driving future growth. Strategic collaborations in earnings highlights signal major shifts in market positioning and competitive landscape for KOPN.

4 www.marketbeat.com, 11:10 AM
Kopin Corporation released highlights from its Q1 earnings call, covering financial results, operational updates, and forward guidance. Q1 earnings call highlights detail financial performance and strategic outlook, likely influencing investor sentiment and stock trajectory.

3 Business Wire, 8:05 AM
Kopin Corporation reported first quarter 2026 financial results, highlighting revenue growth, operational updates, and forward guidance amid ongoing strategic initiatives in microdisplay technology. Quarterly earnings reveal financial health and guidance influencing near-term stock performance and investor confidence.

11 May

4 Business Wire, 8:31 AM
Kopin Corporation establishes full-scale U.S. manufacturing capability for OLED microdisplays to meet surging domestic defense demand. Domestic OLED microdisplay production ramp-up directly addresses growing U.S. defense needs, enhancing revenue potential and supply chain resilience.

10 May

4 Simply Wall St., 3:08 AM
Kopin Corporation (KOPN) valuation analyzed following new AI collaboration and defense contract wins. New AI collaboration and defense contracts signal major strategic wins enhancing competitive positioning and growth trajectory.

6 May

4 , 9:15 AM
Fabric.AI (Nasdaq: FABC) and Kopin Corporation (Nasdaq: KOPN) appointed Bill Maffucci to lead development of the Neural I/O™ MicroLED Optical Interconnect Chip Program. Appointing a leader for Neural I/O MicroLED optical interconnect advances Kopin's core microdisplay and AI interface technologies significantly.

5 May

4 investorshub.advfn.com, 11:21 AM
U.S. defense program awards Kopin Corporation (KOPN) $21.5 million production order. $21.5M defense production order delivers major revenue boost and validates core defense technology capabilities.

4 Business Wire, 8:31 AM
Kopin Corporation (KOPN) awarded $21.5 million follow-on production contract to deliver U.S.-made thermal imaging assemblies to a major defense prime contractor. $21.5 million contract delivers substantial revenue and strengthens Kopin's defense sector position, positively impacting future performance.

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