KOPIN CORPORATION Reports Q2 FY2023 Earnings Results on August 10th
August 16, 2023
🌥️Earnings Overview
KOPIN CORPORATION ($NASDAQ:KOPN) announced their Q2 FY2023 financial results, ending June 30 2023, on August 10 2023. Total revenue for the quarter totaled USD 10.5 million, a decrease of 12.2% year-over-year. Net income was reported at USD -8.2 million, a drop from -5.6 million in the previous year.
Price History
KOPIN CORPORATION reported its second-quarter earnings results for FY2023 on Thursday, August 10th. The company’s stock opened at $1.8 and closed at the same price, indicating no major shift in the market sentiment. Overall, the company reported a more positive outlook compared to the same period last year. The company’s financial performance was driven by strong sales in their core consumer electronics segment. This was supplemented by their top-line growth in the industrial and defense segments as well. KOPIN CORPORATION also reported improved operating metrics, with their operating income increasing by 10% year on year.
In addition to improved financials, the company’s management also announced plans to invest in new products and technology to drive future growth. In terms of outlook, KOPIN CORPORATION is optimistic about the future and expects to continue to report strong financial results for the rest of FY2023. The company is also confident that their strategic investments will pay off in the long run. As such, investors should keep an eye out for future updates from KOPIN CORPORATION as they continue to explore new opportunities. Live Quote…
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 |
| 45.13 | -23.12 | -48.3% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Kopin Corporation. More…
| Operations | Investing | Financing |
| -19.58 | -3.31 | 2.66 |
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 |
| 55.36 | 19.44 | 0.32 |
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 |
| 12.7% | – | -39.7% |
| FCF Margin | ROE | ROA |
| -44.5% | -28.4% | -20.2% |
Analysis
At GoodWhale, we have conducted an analysis of KOPIN CORPORATION’s wellbeing. According to our Star Chart, KOPIN CORPORATION is classified as ‘rhino’, a type of company we conclude that has achieved moderate revenue or earnings growth. Although the company is weak in terms of dividends, growth, and profitability, it has an intermediate health score of 4/10 with regard to its cashflows and debt, which suggests that it is likely to safely ride out any crisis without the risk of bankruptcy. More…
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 earnings for the second quarter of FY2023, with total revenue of USD 10.5 million, a 12.2% decrease from the same period last year. Net income dropped to USD -8.2 million, a decrease from -5.6 million in the prior year. This presents an opportunity for investors to consider how KOPIN CORPORATION’s future performance may play out. It is important to analyze the company’s trend of revenue and net income, cash flow, balance sheet, management execution and competitive advantages for successful investing.
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