NASDAQ : KOPN
Kopin Corporation — Financial statements
Technology · Electronic Components · United States
Last price 3.79 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 680.37M
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Kopin Corporation (KOPN) reported revenue of 43.62M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Operating Revenue | 35.72M | 38.07M | 50.34M | 40.39M | 47.40M | 45.67M |
| Other Revenue | 7.90M | 1.26M | ||||
| Revenue | 43.62M | 39.32M | 50.34M | 40.39M | 47.40M | 45.67M |
| Cost of Revenue | 34.90M | 31.29M | 39.97M | 32.13M | 42.84M | 35.03M |
| Gross Profit | 8.72M | 8.04M | 10.37M | 8.26M | 4.56M | 10.64M |
| Selling, General & Admin | 17.84M | 16.30M | 22.84M | 21.84M | 17.97M | 18.10M |
| Research & Development | 5.95M | 6.69M | 5.83M | 3.60M | 8.39M | 6.31M |
| Operating Expenses | 23.79M | 22.99M | 28.68M | 25.44M | 26.35M | 24.41M |
| Operating Income | -15.08M | -14.95M | -18.31M | -17.18M | -21.79M | -13.78M |
| Interest & Investment Income | 540.95K | 1.12M | 817.18K | 829.60K | 76.88K | 31.14K |
| Currency Exchange Gain (Loss) | 291.28K | 286.27K | 175.91K | -162.20K | -323.29K | 139.01K |
| Other Non Operating Income (Expenses) | -595.28K | 154.19K | 19.99K | 245.23K | 154.36K | 265.51K |
| EBT Excluding Unusual Items | -14.84M | -13.39M | -17.30M | -16.26M | -21.88M | -13.34M |
| Gain (Loss) on Sale of Investments | 4.67M | 1.40K | -1.61M | -3.33M | 2.70M | |
| Gain (Loss) on Sale of Assets | 11.10M | 11.10M | ||||
| Legal Settlements | 5.10M | 5.10M | -24.80M | |||
| Pretax Income | 6.04M | 2.81M | -43.71M | -19.59M | -19.18M | -13.34M |
| Income Tax Expense | -1.93M | 208.00K | 170.00K | 156.00K | 144.00K | 129.00K |
| Earnings From Continuing Operations | 7.97M | 2.61M | -43.88M | -19.75M | -19.33M | -13.47M |
| Minority Interest in Earnings | 348.00 | 35.50K | ||||
| Net Income | 7.97M | 2.61M | -43.88M | -19.75M | -19.33M | -13.43M |
| Net Income to Common | 7.97M | 2.61M | -43.88M | -19.75M | -19.33M | -13.43M |
| Shares Outstanding (Basic) | 181.92M | 171.25M | 132.88M | 108.98M | 91.43M | 88.83M |
| Shares Outstanding (Diluted) | 185.82M | 175.15M | 132.88M | 108.98M | 91.43M | 88.83M |
| EPS (Basic) | 0.04 | 0.02 | -0.33 | -0.18 | -0.21 | -0.15 |
| EPS (Diluted) | 0.03 | 0.01 | -0.33 | -0.18 | -0.21 | -0.15 |
| Free Cash Flow | -18.42M | -16.98M | -15.04M | -16.21M | -18.52M | -11.78M |
| Free Cash Flow Per Share | -0.10 | -0.10 | -0.11 | -0.15 | -0.20 | -0.13 |
| Gross Margin | 19.98% | 20.44% | 20.60% | 20.46% | 9.63% | 23.29% |
| Operating Margin | -34.56% | -38.03% | -36.37% | -42.52% | -45.97% | -30.16% |
| Profit Margin | 18.26% | 6.63% | -87.17% | -48.89% | -40.77% | -29.42% |
| Free Cash Flow Margin | -42.24% | -43.17% | -29.88% | -40.13% | -39.07% | -25.80% |
| EBITDA | -14.26M | -14.12M | -17.67M | -16.57M | -21.07M | -13.11M |
| EBITDA Margin | -32.69% | -35.92% | -35.11% | -41.02% | -44.45% | -28.70% |
| D&A For EBITDA | 815.80K | 829.55K | 636.58K | 608.22K | 722.02K | 668.69K |
| EBIT | -15.08M | -14.95M | -18.31M | -17.18M | -21.79M | -13.78M |
| EBIT Margin | -34.56% | -38.03% | -36.37% | -42.52% | -45.97% | -30.16% |
| Effective Tax Rate | 7.39% | |||||
| Revenue as Reported | 43.62M | 39.32M | 50.34M | 40.39M | 47.40M | 45.67M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 24.88M | 36.35M | 14.16M | 5.71M | 8.26M | 26.79M |
| Short-Term Investments | 21.42M | 11.69M | 4.39M | 2.51M | ||
| Cash & Short-Term Investments | 24.88M | 36.35M | 35.58M | 17.40M | 12.65M | 29.30M |
| Accounts Receivable | 16.08M | 16.76M | 18.92M | 13.12M | 10.61M | 14.41M |
| Other Receivables | 4.51M | 5.06M | ||||
| Receivables | 20.58M | 21.82M | 18.92M | 13.12M | 10.61M | 14.41M |
| Inventory | 4.73M | 5.51M | 6.13M | 7.60M | 6.43M | 6.58M |
| Prepaid Expenses | 3.70M | 2.86M | 1.15M | 1.21M | 1.18M | 1.92M |
| Restricted Cash | 25.40M | 25.28M | 1.05M | 500.00K | ||
| Total Current Assets | 79.29M | 91.81M | 62.84M | 39.83M | 30.86M | 52.21M |
| Property, Plant & Equipment | 8.47M | 4.11M | 4.23M | 4.67M | 5.00M | 5.72M |
| Long-Term Investments | 18.38M | 12.36M | 3.56M | 4.69M | 7.72M | 4.91M |
| Other Long-Term Assets | 123.82K | 123.82K | 123.82K | 124.92K | 170.13K | 170.93K |
| Total Assets | 106.26M | 108.39M | 70.77M | 49.31M | 43.75M | 63.01M |
| Accounts Payable | 4.85M | 5.32M | 5.94M | 4.95M | 5.44M | 5.48M |
| Accrued Expenses | 4.16M | 2.88M | 9.50M | 6.32M | 4.85M | 3.62M |
| Current Portion of Leases | 674.49K | 648.47K | 639.64K | 651.50K | 786.93K | 701.20K |
| Current Unearned Revenue | 6.96M | 3.86M | 87.75K | 916.83K | 930.50K | 4.06M |
| Other Current Liabilities | 19.75M | 20.86M | 27.36M | 2.57M | 1.97M | 3.16M |
| Total Current Liabilities | 36.39M | 33.99M | 43.94M | 15.88M | 14.46M | 17.53M |
| Long-Term Leases | 488.11K | 831.51K | 1.48M | 1.83M | 2.58M | 3.11M |
| Long-Term Unearned Revenue | 1.78K | 3.67K | 7.46K | 23.20K | 6.19K | 20.66K |
| Pension & Post-Retirement Benefits | 170.50K | 190.70K | 230.65K | 320.00K | 1.11M | 1.15M |
| Other Long-Term Liabilities | 1.71M | 1.82M | 1.75M | 1.61M | 1.57M | |
| Total Liabilities | 37.05M | 36.72M | 47.48M | 19.80M | 19.76M | 23.38M |
| Common Stock | 1.82M | 1.78M | 1.56M | 1.12M | 929.54K | 900.69K |
| Additional Paid-In Capital | 472.20M | 463.15M | 422.09M | 385.41M | 360.57M | 356.93M |
| Retained Earnings | -402.34M | -399.42M | -402.03M | -358.16M | -338.41M | -319.08M |
| Treasury Stock | -2.46M | -1.39M | -370.01K | -103.13K | -103.13K | -366.11K |
| Comprehensive Income & Other | 2.03M | 1.23M | 1.18M | 1.41M | ||
| Total Common Equity | 69.21M | 64.12M | 23.28M | 29.51M | 24.16M | 39.80M |
| Minority Interest | -172.68K | -172.33K | ||||
| Shareholders' Equity | 69.21M | 71.67M | 23.28M | 29.51M | 23.99M | 39.63M |
| Total Liabilities & Equity | 106.26M | 108.39M | 70.77M | 49.31M | 43.75M | 63.01M |
| Total Debt | 1.16M | 1.48M | 2.12M | 2.48M | 3.36M | 3.81M |
| Net Cash (Debt) | 23.71M | 34.87M | 33.46M | 14.92M | 9.28M | 25.49M |
| Net Cash Per Share | 0.13 | 0.20 | 0.25 | 0.14 | 0.10 | 0.29 |
| Filing Date Shares Outstanding | 179.52M | 175.99M | 155.44M | 116.50M | 92.88M | 90.16M |
| Total Common Shares Outstanding | 180.62M | 176.90M | 151.28M | 112.25M | 92.88M | 89.99M |
| Working Capital | 42.90M | 57.82M | 18.90M | 23.95M | 16.40M | 34.67M |
| Book Value Per Share | 0.38 | 0.36 | 0.15 | 0.26 | 0.26 | 0.44 |
| Tangible Book Value | 69.21M | 64.12M | 23.28M | 29.51M | 24.16M | 39.80M |
| Tangible Book Value Per Share | 0.38 | 0.36 | 0.15 | 0.26 | 0.26 | 0.44 |
| Machinery | 13.42M | 14.95M | 14.19M | 14.14M | 15.20M | |
| Construction In Progress | 471.72K | 457.89K | 957.91K | 550.22K | 233.24K | |
| Leasehold Improvements | 3.46M | 3.67M | 3.63M | 3.60M | 3.57M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 7.97M | 2.61M | -43.88M | -19.75M | -19.33M | -13.43M |
| Depreciation & Amortization | 815.80K | 829.55K | 636.58K | 608.22K | 722.02K | 668.69K |
| Loss (Gain) From Sale of Assets | -11.07M | -11.01M | 59.15K | 46.23K | 317.03K | 99.23K |
| Loss (Gain) From Sale of Investments | -5.48M | -461.41K | 1.61M | 2.89M | -2.70M | -292.48K |
| Stock-Based Compensation | 2.98M | 3.03M | 3.33M | 3.88M | 1.27M | 4.42M |
| Provision & Write-off of Bad Debts | 23.10K | 10.00K | 105.84K | 709.72K | 162.64K | -26.70K |
| Other Operating Activities | -1.89M | 850.94K | 2.34M | 1.43M | 5.00M | 503.57K |
| Change in Accounts Receivable | 433.12K | 1.84M | -5.50M | -4.45M | 4.97M | -1.99M |
| Change in Inventory | 394.28K | -1.45M | -922.59K | -2.26M | -2.01M | -2.73M |
| Change in Accounts Payable | -4.04M | -7.09M | 3.57M | 1.84M | -3.86M | 143.38K |
| Change in Unearned Revenue | 5.96M | 3.77M | -845.04K | 3.57K | -3.14M | 2.58M |
| Change in Other Net Operating Assets | -9.19M | -8.45M | 25.25M | -202.50K | 908.16K | -691.57K |
| Operating Cash Flow | -13.11M | -15.54M | -14.23M | -15.26M | -17.69M | -10.75M |
| Capital Expenditures | -5.32M | -1.44M | -815.30K | -949.49K | -832.71K | -1.03M |
| Divestitures | -419.38K | -419.38K | ||||
| Investment in Securities | 752.62K | 19.86M | -9.47M | -7.25M | -2.50M | 1.10M |
| Other Investing Activities | 2.48K | -45.00 | 62.69K | 20.91K | -12.82K | |
| Investing Cash Flow | -4.98M | 18.00M | -10.29M | -8.14M | -3.31M | 53.67K |
| Issuance of Common Stock | 38.27M | 38.27M | 33.78M | 21.34M | 2.86M | 21.05M |
| Repurchase of Common Stock | -2.00M | -1.02M | -266.88K | -198.74K | -602.08K | |
| Financing Cash Flow | 42.95M | 43.95M | 33.52M | 21.34M | 2.66M | 20.45M |
| Foreign Exchange Rate Adjustments | 838.00 | 3.99K | -952.00 | 14.46K | -190.59K | -80.12K |
| Net Cash Flow | 24.86M | 46.42M | 9.00M | -2.05M | -18.53M | 9.68M |
| Free Cash Flow | -18.42M | -16.98M | -15.04M | -16.21M | -18.52M | -11.78M |
| Free Cash Flow Margin | -42.24% | -43.17% | -29.88% | -40.13% | -39.07% | -25.80% |
| Free Cash Flow Per Share | -0.10 | -0.10 | -0.11 | -0.15 | -0.20 | -0.13 |
| Levered Free Cash Flow | -44.45M | -45.08M | 14.96M | -9.86M | -10.92M | -7.83M |
| Unlevered Free Cash Flow | -44.45M | -45.08M | 14.96M | -9.86M | -10.92M | -7.83M |
| Change in Working Capital | -6.45M | -11.39M | 21.56M | -5.07M | -3.13M | -2.68M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 680.37M | 418.64M | 213.07M | 224.17M | 114.88M | 388.70M |
| Enterprise Value | 656.65M | 394.14M | 179.12M | 205.73M | 103.22M | 358.46M |
| Last Close Price | 3.79 | 2.38 | 1.39 | 2.03 | 1.24 | 4.34 |
| PE Ratio | 111.58 | 160.61 | ||||
| PS Ratio | 15.60 | 10.65 | 4.23 | 5.55 | 2.42 | 8.51 |
| PB Ratio | 9.89 | 5.84 | 9.15 | 7.60 | 4.79 | 9.81 |
| P/TBV Ratio | 9.83 | 6.53 | 9.15 | 7.60 | 4.75 | 9.77 |
| EV/Sales Ratio | 15.06 | 10.02 | 3.56 | 5.09 | 2.18 | 7.85 |
| Debt / Equity Ratio | 0.02 | 0.02 | 0.09 | 0.08 | 0.14 | 0.10 |
| Net Debt / Equity Ratio | -0.34 | -0.49 | -1.44 | -0.51 | -0.39 | -0.64 |
| Net Debt / EBITDA Ratio | 1.66 | 2.47 | 1.89 | 0.90 | 0.44 | 1.95 |
| Net Debt / FCF Ratio | 1.29 | 2.05 | 2.22 | 0.92 | 0.50 | 2.16 |
| Asset Turnover | 0.52 | 0.44 | 0.84 | 0.87 | 0.89 | 0.83 |
| Inventory Turnover | 6.12 | 5.38 | 5.82 | 4.58 | 6.59 | 6.35 |
| Quick Ratio | 1.25 | 1.71 | 1.24 | 1.92 | 1.61 | 2.49 |
| Current Ratio | 2.18 | 2.70 | 1.43 | 2.51 | 2.13 | 2.98 |
| Return on Equity (ROE) | 18.69% | 5.49% | -166.23% | -73.83% | -60.76% | -39.66% |
| Return on Assets (ROA) | -11.25% | -10.43% | -19.06% | -23.07% | -25.51% | -15.57% |
| Return on Invested Capital (ROIC) | -37.18% | -37.63% | -117.26% | -151.07% | -117.26% | |
| Return on Capital Employed (ROCE) | -21.60% | -20.10% | -68.30% | -51.40% | -74.40% | -30.30% |
| Earnings Yield | 0.90% | 0.62% | -20.59% | -8.81% | -16.82% | -3.46% |
| FCF Yield | -2.71% | -4.06% | -7.06% | -7.23% | -16.12% | -3.03% |
| Buyback Yield / Dilution | -19.41% | -31.81% | -21.93% | -19.19% | -2.92% | -7.87% |