KOPIN CORP KOPN
used herein, the terms "Company," "we," "us," or "our" refer to Kopin Corporation, a
Delaware corporation.
Corporation, a Delaware corporation, incorporated in 1984, and is headquartered in Westborough, Massachusetts, is a leader of innovative microdisplay technologies and optical systems, catering to defense, enterprise, industrial, consumer, and medical sectors.
displays ("AMLCDs"), liquid crystal on silicon ("LCOS") displays, organic light emitting diode ("OLED")
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $39.3M | $50.3M | $40.4M | $47.4M | $45.7M | $40.1M | $29.5M | $24.5M | $2.9M | $1.5M |
| Cost of revenue | — | — | — | — | — | $21.4M | $20.9M | $15.8M | $18.1M | $17.8M |
| Gross profit | — | — | — | — | — | $18.7M | $8.6M | $8.6M | -$15.2M | -$16.3M |
| R&D | $6.7M | $5.8M | $3.6M | $8.4M | $6.3M | $3.9M | $9.1M | $12.6M | $15.5M | $15.3M |
| SG&A | $16.3M | $22.8M | $21.8M | $18.0M | $18.1M | $11.8M | $21.3M | $27.2M | $20.5M | $17.0M |
| Total operating expenses | $49.2M | $93.4M | $57.6M | $69.2M | $59.4M | $44.9M | $55.9M | $64.4M | $58.1M | $43.1M |
| Operating income | -$9.9M | -$43.1M | -$17.2M | -$21.8M | -$13.8M | -$4.8M | -$26.4M | -$40.0M | -$30.3M | -$20.5M |
| Pre-tax income | $2.8M | -$43.7M | -$19.6M | -$19.2M | -$13.3M | -$4.4M | -$29.3M | -$34.5M | -$28.3M | -$19.9M |
| Income tax | $208.0K | $170.0K | $156.0K | $144.0K | $129.0K | $129.0K | $108.0K | $30.0K | $3.0M | $3.1M |
| Net income | $2.5M | -$43.9M | -$19.7M | -$19.3M | -$13.4M | -$4.4M | -$29.5M | -$34.5M | -$25.2M | -$23.6M |
| EPS, basic | 0.01 | -0.33 | -0.18 | -0.21 | -0.15 | -0.05 | — | — | — | -0.37 |
| EPS, diluted | 0.01 | -0.33 | -0.18 | -0.21 | -0.15 | -0.05 | -0.37 | -0.47 | -0.36 | -0.37 |
| Shares, diluted (wtd. avg.) | 175.1M | 132.9M | 109.0M | 91.4M | 88.8M | 82.3M | — | — | — | 64.0M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $36.4M | $14.2M | $5.7M | $8.3M | $26.8M | $17.1M | $6.0M | $14.3M | $24.8M | $15.8M |
| Short-term investments | — | $21.4M | $11.7M | $4.4M | $2.5M | $3.6M | $15.8M | $22.9M | $43.9M | $61.4M |
| Receivables | $10.7M | $11.9M | $9.7M | $6.5M | $12.1M | $9.3M | $6.0M | $3.1M | $4.0M | $1.7M |
| Inventory | $5.5M | $6.1M | $7.6M | $6.4M | $6.6M | $4.5M | $3.8M | $4.8M | $5.1M | $3.3M |
| Total current assets | $91.8M | $62.8M | $39.8M | $30.9M | $52.2M | $39.5M | $33.8M | $49.4M | $79.7M | $83.4M |
| Property, plant and equipment | $2.6M | $2.1M | $2.2M | $1.8M | $1.9M | $1.6M | $1.5M | $2.6M | $5.1M | $3.0M |
| Goodwill | — | — | — | — | $0 | $0 | $0 | $331.3K | $1.8M | $844.0K |
| Other intangibles | — | — | — | — | — | — | — | $0 | $883.6K | $0 |
| Total assets | $108.4M | $70.8M | $49.3M | $43.8M | $63.0M | $47.5M | $43.0M | $59.5M | $91.3M | $87.8M |
| Accounts payable | $5.3M | $5.9M | $4.9M | $5.4M | $5.5M | $5.6M | $4.0M | $3.9M | $4.9M | $4.4M |
| Total current liabilities | $34.0M | $43.9M | $15.9M | $14.5M | $17.5M | $16.9M | $11.3M | $10.4M | $12.1M | $13.4M |
| Total liabilities | $36.7M | $47.5M | $19.8M | $19.8M | $23.4M | $19.3M | — | — | — | — |
| Retained earnings | -$399.4M | -$402.0M | -$358.2M | -$338.4M | -$319.1M | -$305.6M | -$301.2M | -$271.7M | -$240.3M | -$214.0M |
| Total equity | $64.1M | $23.3M | $29.5M | $24.0M | $39.6M | $28.3M | $28.6M | $47.7M | $77.4M | $74.2M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$15.5M | -$14.2M | -$15.3M | -$17.7M | -$10.7M | -$4.4M | -$21.0M | -$28.1M | -$25.9M | -$26.2M |
| Depreciation and amortisation | $600.0K | $600.0K | $600.0K | $700.0K | $700.0K | $700.0K | $800.0K | $1.0M | $900.0K | $1.0M |
| Stock-based compensation | $3.0M | $3.3M | $3.9M | $1.3M | $4.4M | $821.1K | $2.1M | $4.8M | $2.3M | $2.4M |
| Capital expenditure | $1.4M | $815.3K | $949.5K | $832.7K | $1.0M | $542.9K | $170.2K | $1.2M | $2.8M | $394.9K |
| Investing cash flow | $18.0M | -$10.3M | -$8.1M | -$3.3M | $53.7K | $11.8M | $4.7M | $18.8M | $11.3M | $22.8M |
| Financing cash flow | $44.0M | $33.5M | $21.3M | $2.7M | $20.4M | $3.7M | $8.0M | -$907.1K | $23.1M | -$510.6K |
| Dividends paid | — | — | — | — | — | — | — | — | $791.7K | $0 |
| Buybacks | — | — | — | $461.7K | $16.9M | $3.8M | — | — | — | $0 |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001493152-26-018400.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.5M | $2.9M | $24.5M | $29.5M | $40.1M | $45.7M | $47.4M | $40.4M | $50.3M | $39.3M |
| Gross profit | -$16.3M | -$15.2M | $8.6M | $8.6M | $18.7M | — | — | — | — | — |
| Net income | -$23.6M | -$25.2M | -$34.5M | -$29.5M | -$4.4M | -$13.4M | -$19.3M | -$19.7M | -$43.9M | $2.5M |
Recent filings and events
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
- Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
- Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
- Results announced Item 2.02
- Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
- Regulation FD disclosure Item 7.01
- Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
- Results announced Item 2.02
- Officer or director change Item 5.02
- Results announced Item 2.02
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
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