Kopin (NASDAQ:KOPN) Releases Quarterly Earnings Results, Beats Expectations By $0.02 EPS

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

Kopin Stock Up 16.5 %

Kopin stock traded up $0.12 during mid-day trading on Wednesday, hitting $0.85. The company’s stock had a trading volume of 4,452,875 shares, compared to its average volume of 1,490,884. The firm’s 50 day moving average is $0.78 and its 200 day moving average is $0.84. Kopin has a 52-week low of $0.56 and a 52-week high of $2.82.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Stifel Nicolaus reduced their target price on Kopin from $3.00 to $2.50 and set a “buy” rating for the company in a report on Friday, August 9th. HC Wainwright reaffirmed a “buy” rating and set a $3.00 target price on shares of Kopin in a report on Wednesday. Finally, StockNews.com downgraded Kopin from a “hold” rating to a “sell” rating in a report on Wednesday, October 23rd.

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.