Kopin (NASDAQ:KOPN) Announces Quarterly Earnings Results, Meets Estimates

Kopin (NASDAQ:KOPN - Get Free Report) announced its earnings results on Thursday. The company reported ($0.01) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.01), RTT News reports. The company had revenue of $14.65 million during the quarter, compared to analyst estimates of $11.15 million. Kopin had a negative net margin of 109.38% and a negative return on equity of 165.86%. During the same period in the previous year, the business posted ($0.04) earnings per share.

Kopin Price Performance

Kopin stock traded up $0.03 during mid-day trading on Monday, reaching $0.93. 2,882,385 shares of the company traded hands, compared to its average volume of 2,396,177. Kopin has a fifty-two week low of $0.56 and a fifty-two week high of $2.17. The firm's fifty day moving average is $1.22 and its two-hundred day moving average is $1.18. The company has a market capitalization of $147.84 million, a price-to-earnings ratio of -2.27 and a beta of 3.24.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. StockNews.com upgraded shares of Kopin from a "sell" rating to a "hold" rating in a research report on Friday. Canaccord Genuity Group decreased their price target on Kopin from $2.50 to $2.25 and set a "buy" rating on the stock in a report on Monday. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $2.56.

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.