Kopin (NASDAQ:KOPN) Announces Quarterly Earnings Results, Misses Expectations By $0.01 EPS

Kopin (NASDAQ:KOPN) released its quarterly earnings data on Tuesday. The company reported ($0.02) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.01), Zacks reports. Kopin had a return on equity of 5.82% and a net margin of 5.00%.The business had revenue of $10.55 billion during the quarter, compared to the consensus estimate of $9.96 million.

Here are the key takeaways from Kopin’s conference call:

• Kopin announced a strategic collaboration with Fabric.AI to develop Neural I/O, an optical interconnect technology for AI infrastructure, and said its $15 million initial order is included in full-year guidance. Management said the opportunity could expand materially over time, with Kopin owning 19.9% of Fabric.AI and serving as exclusive manufacturer.
• The company reported strong defense order momentum, including new European helmet-mounted display orders, the first DarkWAVE order with Theon, a $3.2 million Sentinel FPV order, and a $21.5 million thermal imaging follow-on contract after quarter-end.
• Kopin is bringing OLED microdisplay manufacturing in-house at its Westborough facility to meet rising demand for U.S.-built defense products. Management said the move should improve speed, flexibility, quality control, and sovereign supply-chain options, while supporting FPV drone and thermal weapon sight programs.
• First-quarter revenue was essentially flat year over year at $10.6 million, but the mix shifted toward award and collaboration revenue while product revenue declined. R&D and SG&A both increased as the company invested in MicroLED development and operating capabilities.
• Management reiterated 2026 revenue guidance of $52 million to $60 million and described it as conservative, citing strong backlog, new program ramps, and upside from AI infrastructure and defense demand. The company also said it had $34 million in cash and expects liquidity to fund operations through at least mid-2027.

Kopin Price Performance

Shares of NASDAQ:KOPN traded up $0.35 during mid-day trading on Thursday, reaching $5.37. 5,757,423 shares of the company traded hands, compared to its average volume of 5,200,326. The company’s 50 day moving average price is $2.95 and its 200-day moving average price is $2.74. The firm has a market cap of $983.74 million, a PE ratio of 537.04 and a beta of 3.40. Kopin has a 52 week low of $1.23 and a 52 week high of $6.45.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Zacks Research upgraded Kopin from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 27th. Wall Street Zen upgraded Kopin from a “strong sell” rating to a “sell” rating in a research note on Saturday, May 2nd. Stifel Nicolaus boosted their price target on Kopin from $5.50 to $6.50 and gave the company a “buy” rating in a research note on Wednesday. Craig Hallum restated a “buy” rating and set a $10.00 price target on shares of Kopin in a research note on Tuesday. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of Kopin in a research note on Thursday, January 22nd. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $7.15.

Insider Buying and Selling

In related news, CEO Michael Andrew Murray sold 187,920 shares of the business’s stock in a transaction that occurred on Monday, April 13th. The stock was sold at an average price of $2.80, for a total value of $526,176.00. Following the transaction, the chief executive officer directly owned 2,931,122 shares of the company’s stock, valued at approximately $8,207,141.60. The trade was a 6.02% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Paul Christopher Baker sold 116,860 shares of the business’s stock in a transaction that occurred on Tuesday, April 28th. The stock was sold at an average price of $3.95, for a total value of $461,597.00. Following the completion of the transaction, the chief operating officer directly owned 480,005 shares in the company, valued at approximately $1,896,019.75. This represents a 19.58% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 524,760 shares of company stock valued at $1,763,275. 2.80% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Virtu Financial LLC lifted its holdings in Kopin by 127.8% in the 4th quarter. Virtu Financial LLC now owns 30,926 shares of the company’s stock worth $72,000 after purchasing an additional 17,350 shares in the last quarter. Invesco Ltd. lifted its holdings in Kopin by 538.5% in the 4th quarter. Invesco Ltd. now owns 704,951 shares of the company’s stock worth $1,650,000 after purchasing an additional 594,546 shares in the last quarter. Toronto Dominion Bank purchased a new position in Kopin in the 4th quarter worth approximately $165,000. Inspire Investing LLC purchased a new position in Kopin in the 4th quarter worth approximately $475,000. Finally, Balyasny Asset Management L.P. lifted its holdings in Kopin by 61.8% in the 4th quarter. Balyasny Asset Management L.P. now owns 30,257 shares of the company’s stock worth $71,000 after purchasing an additional 11,557 shares in the last quarter. 30.96% of the stock is owned by hedge funds and other institutional investors.

About Kopin

Kopin Corporation (NASDAQ: KOPN) is a technology company specializing in the development and manufacture of high-resolution microdisplays and optical components for wearable electronics. Headquartered in Westborough, Massachusetts, Kopin designs both liquid crystal on silicon (LCOS) and organic light-emitting diode (OLED) microdisplays, as well as complete display engines and optical modules tailored for use in augmented reality (AR), virtual reality (VR), industrial, medical, and defense applications.