Kopin (KOPN) AI Stock Analysis

• Market Cap: $252.34M
• Dividend Yield: N/A
• Average Volume (3M): 2.03M
• Price to Earnings (P/E): ―
• Beta (1Y): 1.93
• Revenue Growth: 28.16%
• EPS Growth: 74.88%
• Country: US
• Employees: 181
• Sector: Technology
• Sector Strength: 86
• Industry: Hardware, Equipment & Parts
• EPS (TTM): -0.02
• Shares Outstanding: 162,797,930
• 10 Day Avg. Volume: 1,774,335
• 30 Day Avg. Volume: 2,027,443
• PEG Ratio: >-0.01
• Price to Book (P/B): 0.01
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -0.07
• Enterprise Value/Market Cap: -57.27
• Enterprise Value/Revenue: -1.35
• Enterprise Value/Gross Profit: -4.95
• Enterprise Value/Ebitda: 3.63
• 1Y Price Target: $2.25
• Price Target Upside: 45.16% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 3

• Rating: 54 Neutral
• Price Target: $1.50 ▼(-3.23%Downside)

Kopin's overall stock score is driven primarily by significant financial challenges, which weigh heavily on its outlook. Despite a positive technical setup and optimistic earnings call highlights, the company's ongoing unprofitability and reliance on external financing present substantial risks. The valuation remains unattractive due to the negative P/E ratio and lack of dividend yield.

Positive Factors

Defense Contracts

Kopin is likely in a strong position to capture the display portion of the SBMC program, representing a significant opportunity in the defense sector.

Financial Performance

Kopin reported better revenue and in line EPS, with product revenue up 15% quarter-over-quarter and 86% year-over-year, showcasing strong financial performance.

Order Flow

Strong order flow sets the stage for future growth, indicating robust demand.

Negative Factors

Legal Issues

There is an outstanding legal case, which could pose potential risks despite the company's confidence in reducing damages.

Kopin Business Overview & Revenue Model

Company Description

Kopin Corporation is a leading developer and provider of innovative wearable technologies and solutions. The company is headquartered in Westborough, Massachusetts, and operates primarily in the display, optics, and wearable technology sectors. Kopin's core products include microdisplays, optics and modules for augmented reality (AR) and virtual reality (VR) applications, as well as head-worn systems for military, consumer, and enterprise markets.

How the Company Makes Money

Kopin makes money through the sale of its advanced display products and wearable technology solutions. The company's primary revenue streams include the sale of microdisplays, optics, and modules that are integrated into AR and VR headsets and other wearable devices. Kopin collaborates with major technology companies and partners to supply its products for a variety of applications, from military and defense contracts to consumer electronics. Additionally, the company may generate revenue from licensing its technologies and intellectual property, as well as from designing and developing custom solutions for specific client needs.

Kopin Financial Statement Overview

Summary

Kopin faces significant financial challenges, with negative net income, EBIT, and cash flows. Although the balance sheet shows some stability through a reasonable equity base and cash reserves, the company's ongoing operational losses and reliance on external financing raise concerns about its long-term viability.

Income Statement

Kopin shows a concerning financial trajectory with negative net income and EBIT for the latest year, indicating ongoing operational challenges. Revenue growth is inconsistent, and profit margins are negative, highlighting difficulties in achieving profitability. The significant negative EBITDA suggests operational inefficiencies or high costs that are not covered by revenue.

Balance Sheet

The balance sheet reveals a moderate financial structure with a manageable debt-to-equity ratio, indicating reliance on equity over debt financing. A strong cash position relative to debt provides a buffer, but consistent liabilities growth could pose future risks. The company maintains positive stockholders' equity, suggesting a stable capital base, though profitability challenges might strain this stability.

Cash Flow

Kopin's cash flow situation is critical, with negative operating and free cash flows, indicating challenges in generating cash from core activities. The substantial negative free cash flow suggests an inability to cover capital expenditures without financing, posing a risk to financial sustainability. Positive financing cash flow indicates reliance on external funding, which may not be sustainable long-term.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	10.58B	50.34M	40.39M	47.40M	45.67M	40.13M
Gross Profit	2.92B	14.17M	15.44M	4.56M	20.61M	18.73M
EBITDA	-3.92B	-43.07M	-16.57M	-21.07M	-13.11M	-4.11M
Net Income	-3.12B	-43.88M	-19.75M	-19.33M	-13.77M	-4.53M
Balance Sheet
Total Assets	65.04B	70.77M	49.31M	43.75M	62.71M	47.55M
Cash, Cash Equivalents and Short-Term Investments	31.54B	35.58M	17.40M	12.65M	29.30M	20.75M
Total Debt	614.36M	2.12M	2.48M	3.36M	3.81M	1.80M
Total Liabilities	44.36B	47.48M	19.80M	19.76M	23.38M	19.25M
Stockholders Equity	20.68B	23.28B	29.51M	24.16M	39.50M	28.44M
Cash Flow
Free Cash Flow	-3.93B	-15.04M	-16.21M	-18.52M	-11.78M	-4.96M
Operating Cash Flow	-3.43B	-14.23M	-15.26M	-17.69M	-10.75M	-4.42M
Investing Cash Flow	4.57B	-10.29M	-8.14M	-3.31M	53.67K	11.80M
Financing Cash Flow	26.27M	33.52M	21.34M	2.66M	20.45M	3.69M

Kopin Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 1.55
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For KOPN, the sentiment is Positive. The current price of 1.55 is above the 20-day moving average (MA) of 1.54, above the 50-day MA of 1.40, and above the 200-day MA of 1.20, indicating a bullish trend. The MACD of 0.06 indicates Positive momentum. The RSI at 52.82 is Neutral, neither overbought nor oversold. The STOCH value of 32.02 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for KOPN.

Kopin Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
MPTI	80 Outperform	$121.33M	15.24	28.36%	―	19.05%	114.23%
Sector *	63 Neutral	$33.22B	5.99	-11.76%	1.91%	5.54%	-19.87%
KOPN	54 Neutral	$252.34M	―	-112.75%	―	28.16%	74.88%
LPTH	54 Neutral	$129.98M	―	-24.86%	―	2.59%	-48.02%
NEON	54 Neutral	$383.15M	―	-40.61%	―	-18.53%	46.30%
MEI	51 Neutral	$337.99M	―	-11.90%	5.91%	-6.16%	-59.41%
MVIS	50 Neutral	$284.16M	―	-135.21%	―	-41.76%	5.56%

Kopin Corporate Events

Kopin CFO Rich Sneider Announces Retirement

On May 29, 2025, Kopin Corporation announced the upcoming retirement of its Chief Financial Officer, Rich Sneider, who has been with the company for 25 years. The company has initiated a search for his successor, considering both internal and external candidates. Sneider will continue in his current role until a replacement is found and will assist in the transition. This change marks a significant moment in Kopin’s ongoing evolution, as Sneider has been instrumental in transforming the company from a technology-focused entity to one that commercializes application-specific optical solutions across various industries.

The most recent analyst rating on (KOPN) stock is a Buy with a $2.50 price target. To see the full list of analyst forecasts on Kopin stock, see the KOPN Stock Forecast page.