Kopin (NASDAQ:KOPN) Announces Earnings Results

Kopin (NASDAQ:KOPN) announced its quarterly earnings results on Tuesday. The company reported ($0.03) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.02, Zacks reports. Kopin had a negative return on equity of 165.86% and a negative net margin of 109.38%. The firm had revenue of $13.32 million during the quarter, compared to the consensus estimate of $12.73 million. During the same period in the prior year, the company posted ($0.02) earnings per share.

Kopin Stock Performance

KOPN traded up $0.13 during trading on Wednesday, hitting $0.86. The stock had a trading volume of 4,319,274 shares, compared to its average volume of 1,490,001. Kopin has a twelve month low of $0.56 and a twelve month high of $2.82. The company’s 50-day moving average price is $0.78 and its 200 day moving average price is $0.84.

Analyst Ratings Changes

A number of equities research analysts have weighed in on KOPN shares. Stifel Nicolaus reduced their price objective on Kopin from $3.00 to $2.50 and set a “buy” rating for the company in a research note on Friday, August 9th. HC Wainwright reiterated a “buy” rating and set a $3.00 price target on shares of Kopin in a research note on Wednesday. Finally, StockNews.com cut shares of Kopin from a “hold” rating to a “sell” rating in a report on Wednesday, October 23rd.

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.