Kopin Corporation (KOPN, Financial) has been awarded a significant contract by the U.S. Army, which highlights the company's pivotal role in enhancing military vision systems. The agreement involves conducting a Soldier Display Trade Study aimed at identifying the best MicroLED features suitable for extended reality (XR) heads-up displays, crucial for advanced warfighter solutions.
This initiative marks a key step in Kopin's ongoing efforts to transform military operations through cutting-edge display technology. By focusing on optimal MicroLED characteristics, the company seeks to provide innovative XR solutions that enhance the effectiveness and situational awareness of military personnel.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 4 analysts, the average target price for Kopin Corp (KOPN, Financial) is $2.44 with a high estimate of $3.00 and a low estimate of $2.00. The average target implies an upside of 119.59% from the current price of $1.11. More detailed estimate data can be found on the Kopin Corp (KOPN) Forecast page.
Based on the consensus recommendation from 4 brokerage firms, Kopin Corp's (KOPN, Financial) average brokerage recommendation is currently 1.8, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Kopin Corp (KOPN, Financial) in one year is $1.00, suggesting a downside of 9.91% from the current price of $1.11. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Kopin Corp (KOPN) Summary page.
KOPN Key Business Developments
Release Date: April 17, 2025
- Fourth Quarter Revenue: $14.6 million, a 71% increase year-over-year.
- Full-Year Revenue: $50.3 million, a 25% increase from the previous year.
- Fourth Quarter Product Revenue: $12.6 million, nearly 100% increase in defense product revenues.
- Cost of Product Revenues (Q4 2024): $10.6 million, 84% of net product revenues.
- R&D Expenses (Q4 2024): $3.1 million, up from $2.2 million in the previous year.
- SG&A Expenses (Q4 2024): $3.1 million, down from $5.9 million in the previous year.
- Net Loss (Q4 2024): $1.9 million or $0.01 per share.
- Full-Year Net Loss (2024): $43.9 million or $0.33 per share.
- Adjusted Net Loss (Excluding Litigation Costs): $19.1 million or $0.14 per share.
- Cash and Equivalents: Approximately $36.6 million at year-end.
For the complete transcript of the earnings call, please refer to the full earnings call transcript.
Positive Points
- Kopin Corp (KOPN, Financial) reported an all-time record year in terms of revenue and orders, marking significant progress since the disposition of their HBT business.
- The company achieved a 25% year-over-year revenue growth in 2024, with fourth-quarter revenue increasing by 71% compared to 2023.
- Kopin Corp (KOPN) has improved quality rates and reduced costs, with automation in manufacturing plants expected to further enhance cost efficiency.
- The company has reorganized its teams under the 'one Kopin' strategy, reducing redundancies and strengthening capabilities.
- Kopin Corp (KOPN) is actively exploring strategic partnerships and has a strong pipeline of opportunities, particularly in defense and medical markets.
Negative Points
- Kopin Corp (KOPN) reported a net loss of $43.9 million for 2024, significantly impacted by a $24.8 million reserve for litigation costs.
- The company faced delays in defense budgeting processes and geopolitical uncertainties, which could affect future growth.
- Despite revenue growth, the cost of product revenues remains high, with a need for further automation to improve margins.
- Legal expenses have been a significant burden, with ongoing litigation potentially impacting future financials.
- The company is still in the process of implementing its automation initiatives, which are critical for improving manufacturing efficiency and margins.
