Kopin (NASDAQ:KOPN) Announces Quarterly Earnings Results

Kopin (NASDAQ:KOPN) issued its earnings results on Tuesday. The company reported ($0.03) earnings per share for the quarter, topping the consensus estimate 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 company had revenue of $13.32 million for the quarter, compared to analyst estimates of $12.73 million. During the same period in the prior year, the firm posted ($0.02) EPS.

Kopin Stock Performance

KOPN traded up $0.12 during midday trading on Wednesday, reaching $0.85. The company’s stock had a trading volume of 4,452,875 shares, compared to its average volume of 1,490,884. The company has a fifty day simple moving average of $0.78 and a 200 day simple moving average of $0.84. Kopin has a twelve month low of $0.56 and a twelve month high of $2.82.

Wall Street Analysts Forecast Growth

KOPN has been the topic of a number of analyst reports. StockNews.com lowered Kopin from a “hold” rating to a “sell” rating in a report on Wednesday, October 23rd. HC Wainwright reissued a “buy” rating and set a $3.00 price objective on shares of Kopin in a report on Wednesday. Finally, Stifel Nicolaus lowered their price objective on Kopin from $3.00 to $2.50 and set a “buy” rating on the stock in a report on Friday, August 9th.

Kopin Company Profile

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.