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KOPN - Kopin Corporation

NASDAQ -> Technology -> Electronic Components
Westborough, United States
Type: Equity

KOPN price evolution
KOPN
(in millions $) 31 Mar 2024 31 Dec 2023 30 Sep 2023 30 Jun 2023
Current assets
Cash $14.87 $6.21 $10.1 $10.11
Short term investments $6.94 $11.69 $11.61 $15.56
Net receivables $12.49 $13.12 $13 $10.28
Inventory $6.12 $7.6 $9.07 $7.88
Total current assets $41.99 $39.83 $45.37 $45.92
Long term investments $4.61 $4.69 $4.6 $4.63
Property, plant & equipment $4.54 $4.67 $4.46 $4.65
Goodwill & intangible assets
Total noncurrent assets $9.28 $9.48 $9.24 $9.44
Total investments $11.55 $16.38 $16.21 $20.19
Total assets $51.27 $49.31 $54.61 $55.36
Current liabilities
Accounts payable $8.99 $7.08 $7.19 $6.51
Deferred revenue $0.89 $0.92 $0.67 $0.55
Short long term debt $0.63 $0.65 $0.76 $0.8
Total current liabilities $42.51 $15.88 $16.06 $14.91
Long term debt $1.68 $1.83 $2.01 $2.18
Total noncurrent liabilities $3.82 $3.93 $4.17 $4.53
Total debt $2.31 $2.48 $2.77 $2.98
Total liabilities $46.33 $19.8 $20.24 $19.44
Shareholders' equity
Retained earnings -$390.7 -$358.16 -$351.67 -$349.22
Other shareholder equity $1.23 $1.23 $1.14 $1.2
Total shareholder equity $4.94 $29.51 $34.37 $35.93
(in millions $) 31 Dec 2023 31 Jan 2023 31 Dec 2021 31 Dec 2020
Current assets
Cash $6.21 $8.26 $26.79 $17.11
Short term investments $11.69 $4.39 $2.51 $3.64
Net receivables $13.12 $10.61 $14.41 $12.78
Inventory $7.6 $6.43 $6.58 $4.46
Total current assets $39.83 $30.86 $52.21 $39.46
Long term investments $4.69 $7.72 $4.91 $4.52
Property, plant & equipment $4.67 $5 $5.72 $3.41
Goodwill & intangible assets
Total noncurrent assets $9.48 $12.89 $10.8 $8.09
Total investments $16.38 $12.11 $7.42 $8.16
Total assets $49.31 $43.75 $63.01 $47.55
Current liabilities
Accounts payable $7.08 $5.44 $5.48 $5.61
Deferred revenue $0.92 $0.93 $4.06 $1.49
Short long term debt $0.65 $0.79 $0.7 $0.98
Total current liabilities $15.88 $14.46 $17.53 $16.88
Long term debt $1.83 $2.58 $3.11 $0.82
Total noncurrent liabilities $3.93 $5.3 $5.85 $2.37
Total debt $2.48 $3.36 $3.81 $1.8
Total liabilities $19.8 $19.59 $23.38 $19.25
Shareholders' equity
Retained earnings -$358.16 -$338.41 -$319.08 -$305.65
Other shareholder equity $1.23 $1.07 $1.41 $1.48
Total shareholder equity $29.51 $24.16 $39.8 $28.44
(in millions $) 31 Mar 2024 31 Dec 2023 30 Sep 2023 30 Jun 2023
Revenue
Total revenue $10.03 $8.58 $10.6 $10.46
Cost of revenue $8.54 $7.19 $5.44 $5.7
Gross Profit $1.49 $1.38 $5.16 $4.76
Operating activities
Research & development $2.1 $2.24 $3.09 $3.13
Selling, general & administrative $7.23 $5.93 $4.8 $6.47
Total operating expenses $34.13 $8.17 $7.89 $9.6
Operating income -$32.64 -$6.79 -$2.73 -$4.84
Income from continuing operations
EBIT -$32.55 -$6.45 -$2.41 -$8.14
Income tax expense $0.04 $0.04 $0.04
Interest expense
Net income
Net income -$32.55 -$6.49 -$2.45 -$8.18
Income (for common shares) -$32.55 -$6.49 -$2.45 -$8.18
(in millions $) 31 Dec 2023 31 Dec 2022 31 Dec 2021 31 Dec 2020
Revenue
Total revenue $40.39 $47.4 $45.67 $40.13
Cost of revenue $24.95 $32.56 $25.05 $21.4
Gross Profit $15.44 $14.84 $20.61 $18.73
Operating activities
Research & development $10.78 $18.67 $16.29 $11.67
Selling, general & administrative $21.84 $17.97 $18.1 $11.82
Total operating expenses $32.62 $36.63 $34.39 $23.49
Operating income -$17.18 -$21.79 -$13.78 -$4.76
Income from continuing operations
EBIT -$19.59 -$19.18 -$13.3 -$4.28
Income tax expense $0.16 $0.14 $0.13 $0.13
Interest expense
Net income
Net income -$19.75 -$19.33 -$13.43 -$4.41
Income (for common shares) -$19.75 -$19.33 -$13.43 -$4.41
(in millions $) 31 Mar 2024 31 Dec 2023 30 Sep 2023 30 Jun 2023
Net income -$32.55 -$6.49 -$2.45 -$8.18
Operating activities
Depreciation $0.2 $0.11 $0.11 $0.16
Business acquisitions & disposals
Stock-based compensation $0.73 $1.53 $0.96 $1.19
Total cash flows from operations -$3.11 -$3.47 -$3.8 -$3.82
Investing activities
Capital expenditures -$0.25 -$0.47 -$0.13 -$0.13
Investments $4.77 $3.91 $5.47
Total cash flows from investing $4.52 -$0.42 $3.8 $5.33
Financing activities
Dividends paid
Sale and purchase of stock $7.24
Net borrowings
Total cash flows from financing $7.24
Effect of exchange rate -$0 $0 -$0 $0.01
Change in cash and equivalents $8.66 -$3.89 -$0.01 $1.52
(in millions $) 31 Dec 2023 31 Dec 2022 31 Dec 2021 31 Dec 2020
Net income -$19.75 -$19.33 -$13.43 -$4.41
Operating activities
Depreciation $0.61 $0.72 $0.67 $0.65
Business acquisitions & disposals
Stock-based compensation $3.88 $1.27 $4.42 $0.82
Total cash flows from operations -$15.26 -$17.69 -$10.75 -$4.42
Investing activities
Capital expenditures -$0.95 -$0.83 -$1.03 -$0.54
Investments -$7.25 -$2.5 $1.1 $12.15
Total cash flows from investing -$8.14 -$3.31 $0.05 $11.8
Financing activities
Dividends paid
Sale and purchase of stock $21.34 $2.86 $21.05 $3.83
Net borrowings
Total cash flows from financing $21.34 $2.66 $20.45 $3.69
Effect of exchange rate $0.01 -$0.19 -$0.08 $0.01
Change in cash and equivalents -$2.05 -$18.53 $9.68 $11.08
Fundamentals
Market cap $85.27M
Enterprise value $72.71M
Shares outstanding 118.43M
Revenue $39.67M
EBITDA -$48.97M
EBIT -$49.55M
Net Income -$49.67M
Revenue Q/Q -6.74%
Revenue Y/Y -17.75%
P/E ratio -1.72
EV/Sales 1.83
EV/EBITDA -1.48
EV/EBIT -1.47
P/S ratio 2.15
P/B ratio 23.01
Book/Share 0.03
Cash/Share 0.13
EPS -$0.42
ROA -94.36%
ROE -189.67%
Debt/Equity 0.67
Net debt/EBITDA -0.64
Current ratio 0.99
Quick ratio 0.84