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Corporate Background and Market Presence As used herein, the terms Company, we, us, or our refer to Kopin Corporation, a Delaware corporation. Kopin Corporation, a Delaware corporation, incorporated in 1984, and is headquartered in Westborough, Massachusetts, is a leader of innovative microdisplay technologies and optical systems, catering to defense, enterprise, industrial, consumer, and medic…
$6.05
+$0.54 (+9.80%)
Price from 6 days ago
The business is unprofitable at the operating level (-643.93% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue up 51.5% YoY with margins expanding 3624.3pp.
At 605x earnings, the current multiple leaves limited room for execution misses or growth deceleration. Negative free cash flow of -$17M. The business is consuming cash, not generating it.
605.0x earnings. The market is pricing in years of above-average growth. If that thesis breaks, downside from multiple compression alone could be 30%+. This is a stock where you're paying for the future, not the present.
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
$1M
▲ +51.5% YoY
Net Income (TTM)
$2M
▲ +105.9% YoY
Op. Margin
-839.27%
▲ +3624.3pp YoY
ROIC
-20.89%
▲ +102.5pp YoY
Cash Flow & Balance Sheet
FCF (FY)
-$17M
▼ -12.9% YoY
Op. Cash Flow (TTM)
-$13M
▼ -9.2% YoY
Net Debt
-$27M
Net Cash Position
Cash & Equiv.
$34M
5Y CAGR: -48.0%
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