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

Kopin (NASDAQ:KOPN) issued its earnings results on Tuesday. The company reported ($0.03) earnings per share for the quarter, topping the consensus estimate of ($0.05) by $0.02, Zacks reports. Kopin had a negative net margin of 109.38% and a negative return on equity of 165.86%. The company had revenue of $13.32 million for the quarter, compared to analyst estimates of $12.73 million. During the same period in the prior year, the business posted ($0.02) earnings per share.

Kopin Price Performance

Shares of Kopin stock traded up $0.13 during mid-day trading on Wednesday, hitting $0.86. 4,319,274 shares of the stock were exchanged, compared to its average volume of 1,490,001. The company has a 50-day simple moving average of $0.78 and a 200 day simple moving average of $0.84. Kopin has a twelve month low of $0.56 and a twelve month high of $2.82.

Analyst Upgrades and Downgrades

Several research firms have weighed in on KOPN. StockNews.com lowered Kopin from a “hold” rating to a “sell” rating in a report on Wednesday, October 23rd. Stifel Nicolaus dropped their target price on shares of Kopin from $3.00 to $2.50 and set a “buy” rating for the company in a report on Friday, August 9th. Finally, HC Wainwright reiterated a “buy” rating and issued a $3.00 price target on shares of Kopin in a research report on Wednesday.

Kopin Company Profile

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.