KOPIN CORPORATION Reports Q2 FY2023 Earnings, Revenue Down 12.2% Year-on-Year
August 27, 2023
🌥️Earnings Overview
KOPIN ($NASDAQ:KOPN): Net income also decreased significantly from -5.6 million to -8.2 million the same quarter in 2023.
Analysis
GoodWhale conducted an assessment of KOPIN CORPORATION‘s fundamentals and has concluded that it is a medium risk investment. GoodWhale considers both the financial and business aspects of the investment before conducting its assessment. There are two risk warnings present in the income sheet and balance sheet and to see these warnings, users must register with GoodWhale. The analysis of the investment helps potential investors to be aware of any risks associated with the company and thus make a better informed decision. This analysis will also help investors to evaluate the risk to reward ratio of their investments. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Kopin Corporation. More…
| Total Revenues | Net Income | Net Margin |
| 45.13 | -23.12 | -48.3% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Kopin Corporation. More…
| Operations | Investing | Financing |
| -19.58 | -3.31 | 2.66 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Kopin Corporation. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 55.36 | 19.44 | 0.32 |
Key Ratios Snapshot
Some of the financial key ratios for Kopin Corporation are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 12.7% | – | -39.7% |
| FCF Margin | ROE | ROA |
| -44.5% | -28.4% | -20.2% |
Peers
The company’s products are used in a variety of applications, including video eyewear, head-mounted displays, and medical and military equipment. Kopin’s competitors include Vicor Corp, eMagin Corp, and RiTdisplay Corp.
– Vicor Corp ($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
Investors analyzing KOPIN CORPORATION for the second quarter of FY2023 should be aware of the total revenue of USD 10.5 million, representing a 12.2% decrease from the same quarter in 2023. Net income for the quarter was reported at USD -8.2 million, which is an even greater decrease than the -5.6 million reported in the same quarter in 2023. These results are likely to give investors pause when considering KOPIN CORPORATION as an investment option, and long-term analysis may be needed to determine if this company is a viable option.
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