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

Kopin (NASDAQ:KOPN) posted its quarterly earnings data on Tuesday. The company reported ($0.03) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.02, Zacks reports. The firm had revenue of $13.32 million for the quarter, compared to analyst estimates of $12.73 million. Kopin had a negative net margin of 109.38% and a negative return on equity of 165.86%. During the same period last year, the firm posted ($0.02) EPS.

Kopin Trading Up 19.3 %

KOPN stock traded up $0.14 during trading on Wednesday, hitting $0.87. The stock had a trading volume of 4,403,568 shares, compared to its average volume of 1,490,659. Kopin has a 1-year low of $0.56 and a 1-year high of $2.82. The company’s 50 day moving average price is $0.78 and its two-hundred day moving average price is $0.84.

Wall Street Analysts Forecast Growth

Several brokerages have commented on KOPN. HC Wainwright restated a “buy” rating and set a $3.00 target price on shares of Kopin in a research report on Wednesday. StockNews.com lowered shares of Kopin from a “hold” rating to a “sell” rating in a research report on Wednesday, October 23rd. Finally, Stifel Nicolaus decreased their price objective on shares of Kopin from $3.00 to $2.50 and set a “buy” rating on the stock in a research report on Friday, August 9th.

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.