KOPIN CORPORATION Reports 20.8% Decrease in Revenue for FY2023 Q3
November 21, 2023
🌥️Earnings Overview
On November 9 2023, KOPIN CORPORATION ($NASDAQ:KOPN) reported its earnings results for FY2023 Q3, showing a total revenue of USD 10.6 million, a decrease of 20.8% from the same quarter of the previous year. Net income for the quarter was USD -2.4 million, a improvement compared to the prior year’s figure of -4.5 million.
Analysis
GoodWhale is an effective tool for analyzing KOPIN CORPORATION‘s financials. This makes it an attractive investment option for investors who are looking for a stable and secure income stream. The financial analysis also shows that KOPIN CORPORATION is strong in asset, medium in growth and weak in dividend, profitability. Therefore, investors looking for long-term investments in companies with high dividend yields should avoid KOPIN CORPORATION. On the other hand, investors who are looking for steady returns over the long-term may find KOPIN CORPORATION to be a suitable option. KOPIN CORPORATION has an intermediate health score of 4/10, taking into consideration its cashflows and debt. This suggests that the company is likely to have the capacity to sustain its operations in times of crisis. Taken together, these results suggest that KOPIN CORPORATION is a suitable option for investors who are looking for a secure and stable income stream over the long-term. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Kopin Corporation. More…
| Total Revenues | Net Income | Net Margin |
| 44 | -19.42 | -37.7% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Kopin Corporation. More…
| Operations | Investing | Financing |
| -13.88 | -6.91 | 21.23 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Kopin Corporation. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 54.61 | 20.24 | 0.31 |
Key Ratios Snapshot
Some of the financial key ratios for Kopin Corporation are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 8.0% | – | -37.8% |
| FCF Margin | ROE | ROA |
| -33.1% | -29.5% | -19.0% |
Peers
The company’s products are used in a variety of applications, including video eyewear, head-mounted displays, and medical and military equipment. Kopin’s competitors include Vicor Corp, eMagin Corp, and RiTdisplay Corp.
– Vicor Corp ($NASDAQ:VICR)
Vicor Corporation is a leading provider of power solutions. The company’s products enable the efficient generation, distribution, and utilization of power in industrial, commercial, and military applications. Vicor’s innovative solutions are used in a variety of end markets, including aerospace and defense, data centers, electric vehicles, factory automation, medical equipment, renewable energy, and telecommunications. The company’s products are based on its proprietary Power-on-Package technology, which utilizes silicon-based electrical components to deliver power in a more efficient and compact form factor than traditional power solutions.
Vicor’s market cap as of 2022 is 2.59B. The company has a Return on Equity of 4.77%. Vicor’s products enable the efficient generation, distribution, and utilization of power in industrial, commercial, and military applications. The company’s innovative solutions are used in a variety of end markets, including aerospace and defense, data centers, electric vehicles, factory automation, medical equipment, renewable energy, and telecommunications.
– eMagin Corp ($NYSEAM:EMAN)
eMagin Corporation designs, develops, manufactures, and markets OLED-on-silicon microdisplays and virtual imaging products primarily in North America, Europe, and Asia. The company offers miniature displays that utilize OLED technology for use in near-eye imaging applications, including military, industrial, medical, and consumer products. Its microdisplays provide a high contrast ratio, a wide field of view, a large eyebox, and a low power consumption. The company provides its displays to original equipment manufacturers for incorporation into various virtual imaging systems, including head-mounted displays for military, industrial, and medical applications; augmented reality systems for military, industrial, and medical applications; heads-up displays for military aircraft; night vision goggles; thermal weapon sights; simulation and training systems; and consumer electronic devices, such as video eyewear and head-mounted displays. eMagin Corporation was founded in 1996 and is headquartered in Bellevue, Washington.
– RiTdisplay Corp ($TWSE:8104)
RiTdisplay Corp is a company that manufactures and sells display products. The company has a market cap of 2.52B as of 2022 and a Return on Equity of 4.63%. RiTdisplay Corp’s products include LCDs, OLEDs, and other display technologies. The company’s products are used in a variety of applications, including mobile devices, computers, and television displays.
Summary
KOPIN CORPORATION reported its third quarter earnings for fiscal year 2023 with a total revenue of USD 10.6 million, a 20.8% decline from the same quarter of the previous year. Net income for the quarter decreased to USD -2.4 million from the prior year’s -4.5 million. The stock price dropped on the same day, indicating a negative sentiment among investors.
Going forward, investors should be mindful of the company’s inability to increase revenue and profitability, despite the current economic environment. It is important to evaluate other financial metrics such as cash flow and debt structure to assess potential investments in KOPIN CORPORATION.
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