Kopin Corporation
KOPN Technology Electronic Components
In the quarter to June 2026, revenue grew 50.6%, EPS grew 114.7% and free cash flow fell 66.4%, each against the same quarter a year earlier.
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Kopin Corporation (KOPN) Altman Z-score
Kopin Corporation's Altman Z-score for fiscal 2025 is 2.09, in the grey zone (1.81–2.99).
Altman Z-score, annual
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Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2025 | 2.09 | 8.74 |
| FY2024 | −6.65 | (3.44) |
| FY2023 | −3.21 | 4.28 |
| FY2022 | −7.50 | (10.39) |
| FY2021 | 2.90 | 4.58 |
| FY2020 | −1.68 | 7.50 |
| FY2019 | −9.17 | (5.48) |
| FY2018 | −3.70 | (9.74) |
| FY2017 | 6.05 | 0.99 |
| FY2016 | 5.05 | (1.92) |
How fiscal 2025’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.53 | — | 0.64 | |
| Retained earnings / total assets | (3.68) | — | −5.16 | |
| EBIT / total assets | (0.09) | — | −0.30 | |
| Market value of equity / total liabilities | 10.91 | — | 6.55 | |
| Sales / total assets | 0.36 | — | 0.36 | |
| Altman Z-score | Grey zone | 2.09 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Distress zone | −7.08 | ||
Z and Z″ put Kopin Corporation in different zones: grey zone by Z, distress zone by Z″.
How the Altman Z-score works
Z = 1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets (Altman, 1968). The market value of equity is the close on the last trading day of the fiscal year times weighted basic shares.
Z″ = 6.56 × working capital ÷ total assets + 3.26 × retained earnings ÷ total assets + 6.72 × EBIT ÷ total assets + 1.05 × book equity ÷ total liabilities (Altman, Hartzell and Peck, 1995), the variant for non-manufacturing and asset-light companies.
| Zone | Z | Z″ |
|---|---|---|
| Safe zone | above 2.99 | above 2.60 |
| Grey zone | 1.81–2.99 | 1.10–2.60 |
| Distress zone | below 1.81 | below 1.10 |
Not worked out for banks, insurers and REITs, whose balance sheets the model does not describe, nor when a figure is missing or there is no share price in the week to the fiscal year end.
Altman Z-score against peers
| Company | Altman Z-score |
|---|---|
| MPTI M-tron Industries, Inc. compare | 20.4× |
| LPTH LightPath Technologies, Inc. compare | 10.6× |
| RELL Richardson Electronics, Ltd. compare | 6.5× |
| CTS CTS Corporation compare | 6.2× |
| DAKT Daktronics, Inc. compare | 5.1× |
| ALNT Allient Inc. compare | 4.0× |
| LYTS LSI Industries Inc. compare | 2.5× |
| KOPN Kopin Corporation | 2.1× |
| MEI Methode Electronics, Inc. compare | 1.9× |
What Altman Z-score is
The Altman Z-Score weighs working capital, retained earnings, operating profit, market value and sales against assets and debts to gauge the risk of distress.
1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets