Kopin (KOPN) AI Stock Analysis

• Market Cap: $240.94M
• Dividend Yield: N/A
• Average Volume (3M): 2.13M
• Price to Earnings (P/E): ―
• Beta (1Y): 1.94
• Revenue Growth: 28.16%
• EPS Growth: 74.88%
• Country: US
• Employees: 181
• Sector: Technology
• Sector Strength: 83
• Industry: Hardware, Equipment & Parts
• EPS (TTM): -0.02
• Shares Outstanding: 162,797,930
• 10 Day Avg. Volume: 1,909,537
• 30 Day Avg. Volume: 2,131,898
• PEG Ratio: >-0.01
• Price to Book (P/B): 0.01
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -0.06
• Enterprise Value/Market Cap: -60.08
• Enterprise Value/Revenue: -1.35
• Enterprise Value/Gross Profit: -4.95
• Enterprise Value/Ebitda: 3.64
• 1Y Price Target: $2.25
• Price Target Upside: 53.06% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 3

• Rating: 50 Neutral
• Price Target: $1.50 ▲(2.04%Upside)

Kopin's overall stock score reflects significant financial challenges, particularly in profitability and cash flow, which are critical concerns. The technical analysis shows positive momentum, but the stock's high volatility could pose risks. While the earnings call provided a positive outlook with strategic contract wins, the valuation remains unattractive due to negative earnings. These factors combined suggest cautious optimism but highlight substantial risks requiring close monitoring.

Positive Factors

Market Position

Kopin's status as the only U.S.-owned microdisplay company after Samsung's acquisition of eMagin positions it advantageously when working with the U.S. government.

Order Momentum

The company has seen strong order momentum with recent wins, including a $14 million weapon sights order and a $4 million order for pilot helmets.

Revenue Performance

Kopin reported 1Q25 revenue of $10.5M — above the estimate of $9.3M — grew ~5.0% annually from $10.0M in 1Q24.

Negative Factors

Investor Concerns

Despite investor concerns, the solid results and guidance should allow investors to finally exhale, with shares already pricing in the potential worst-case scenario.

Legal Issues

There is an outstanding legal case, but the company feels confident in reducing damages and appealing any judgment.

Kopin Business Overview & Revenue Model

Company Description

Kopin Corporation, together with its subsidiaries, invents, develops, manufactures, and sells microdisplays, subassemblies, head-mounted and hand-held systems, 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, application specific integrated circuits, backlights, and optical lenses; and headset systems. The company's products are used in soldier, avionic, armored vehicle and training, and simulation defense applications; industrial, public safety, and medical headsets; 3D optical inspection systems; and consumer augmented reality and virtual reality wearable headsets systems. Kopin Corporation was incorporated in 1984 and is headquartered in Westborough, Massachusetts.

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 hurdles, particularly in achieving profitability and positive cash flows. The income statement shows negative net income and EBIT, indicating operational challenges. The balance sheet is moderately stable with a strong cash position relative to debt, but liabilities growth poses future risks. The critical cash flow situation with negative operating and free cash flows highlights the need for strategic adjustments.

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
	EBIT
-3.92B	-18.31M	-17.18M	-21.79M	-13.78M	-4.76M
	EBITDA
-3.92B	-43.07M	-16.57M	-21.07M	-13.11M	-4.11M
	Net Income Common Stockholders
-3.12B	-43.88M	-19.75M	-19.33M	-13.77M	-4.53M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
31.54B	35.58M	17.40M	12.65M	29.30M	20.75M
	Total Assets
65.04B	70.77M	49.31M	43.75M	62.71M	47.55M
	Total Debt
614.36M	2.12M	2.48M	3.36M	3.81M	1.80M
	Net Debt
-14.72B	-12.04M	-3.23M	-4.90M	-22.98M	-18.94M
	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: 1.47
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Negative

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 1.47 is above the 20-day moving average (MA) of 1.40, above the 50-day MA of 1.20, and above the 200-day MA of 1.16, indicating a bullish trend. The MACD of 0.04 indicates Positive momentum. The RSI at 59.61 is Neutral, neither overbought nor oversold. The STOCH value of 86.62 is Negative, 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	$130.58M	17.09	28.36%	―	19.05%	114.23%
Sector *	62 Neutral	$11.80B	10.37	-7.10%	2.91%	7.41%	-7.94%
LPTH	54 Neutral	$128.27M	―	-24.86%	―	2.59%	-48.02%
MEI	51 Neutral	$285.53M	―	-11.90%	6.84%	-6.16%	-59.41%
NEON	51 Neutral	$172.19M	―	-40.61%	―	-18.53%	46.30%
MVIS	50 Neutral	$284.16M	―	-135.21%	―	-41.76%	5.56%
KOPN	50 Neutral	$240.94M	―	-112.75%	―	28.16%	74.88%

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.