Kopin (KOPN) Issues Quarterly Earnings Results, Misses Expectations By $0.02 EPS
Kopin (NASDAQ:KOPN) released its earnings results on Thursday. The company reported ($0.13) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.11) by ($0.02), MarketWatch Earnings reports. Kopin had a negative return on equity of 35.12% and a negative net margin of 86.62%. The business had revenue of $5.13 million for the quarter. During the same period last year, the firm earned ($0.11) earnings per share. Kopin updated its FY 2018 guidance to EPS.
Shares of Kopin stock traded down $0.10 during trading hours on Friday, reaching $1.85. 296,497 shares of the company’s stock were exchanged, compared to its average volume of 181,765. Kopin has a 1 year low of $1.84 and a 1 year high of $3.95.
Separately, National Securities initiated coverage on shares of Kopin in a report on Tuesday, October 2nd. They set a “buy” rating and a $3.00 target price for the company.
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Kopin Corporation invents, develops, manufactures, and sells technologies, components, and systems in the United States, the Asia-Pacific, and Europe. The company's Kopin Wearable technology includes component technologies, which can be integrated to create headset systems. It provides components, including miniature liquid crystal displays, liquid crystal on silicon displays/ spatial light modulators, organic light emitting diode displays, application specific integrated circuits, backlights, optical lenses, and audio integrated circuits.
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