Kopin (NASDAQ:KOPN) Issues Quarterly Earnings Results, Beats Estimates By $0.02 EPS

Kopin (NASDAQ:KOPN) released its quarterly earnings results on Tuesday. The company reported ($0.03) 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 company had revenue of $13.32 million during the quarter, compared to analysts’ expectations of $12.73 million. During the same period last year, the business posted ($0.02) earnings per share.

Kopin Trading Down 5.5 %

Shares of NASDAQ:KOPN opened at $0.83 on Thursday. Kopin has a twelve month low of $0.56 and a twelve month high of $2.82. The company has a market cap of $100.44 million, a PE ratio of -2.14 and a beta of 2.60. The company’s 50 day moving average is $0.78 and its 200 day moving average is $0.84.

Analyst Ratings Changes

Several brokerages recently commented on KOPN. Stifel Nicolaus decreased their price objective on shares of Kopin from $3.00 to $2.50 and set a “buy” rating for the company in a research report on Friday, August 9th. HC Wainwright reaffirmed a “buy” rating and issued a $3.00 price target on shares of Kopin in a report on Wednesday. Finally, StockNews.com upgraded shares of Kopin from a “sell” rating to a “hold” rating in a research note on Wednesday.

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.