Kopin Receives $3M Order for New Weapon Sight Module
October 3, 2022
Trending News 🌧️
Kopin Corporation ($NASDAQ:KOPN) has received an initial production order of $3M for a new weapon sight module that offers a sophisticated video capability of “seeing through” augmented reality. This new technology allows soldiers to have a clear view of their target, even when there are obstacles in the way. This will provide a major advantage on the battlefield, and Kopin is confident that this new product will be a success.
Market Price
This news has been met with mixed reactions so far, with some investors feeling confident and others feeling nervous. On Thursday, Kopin Corporation’s stock opened at $1.1 and closed at $1.0. This dip in stock prices may be due to the mixed reactions to the news or it may be unrelated. Only time will tell how this news will impact Kopin Corporation’s stock prices.
VI Analysis
KOPIN CORPORATION’s fundamentals reflect its long term potential. According to the VI Star Chart, KOPIN CORPORATION has an intermediate health score of 4/10 with regard to its cashflows and debt, and is likely to pay off debt and fund future operations. KOPIN CORPORATION is classified as a ‘rhino’, a type of company that has achieved moderate revenue or earnings growth.
Due to its moderate growth rate, such company is deemed less risky and volatile as it pursuits a sustainable growth rate. KOPIN CORPORATION is strong in asset, medium in growth and weak in dividend, profitability.
Summary
Kopin Corporation is a leading developer and manufacturer of microdisplays and integrated display modules used in a wide range of military, industrial, medical, consumer and other applications. Kopin’s display products are built upon proprietary display technology, which delivers high resolution images in a very small format. The company’s display products are used in a wide variety of military, industrial, medical and consumer applications, including: video eyewear, head-mounted displays , night vision systems, thermal weapon sights, laser pointers, consumer camcorders and digital cameras.
Kopin has received a $3 million order for a new weapon sight module from an unnamed customer. As such, Kopin remains a risky investment at this time.
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