Kopin (KOPN) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Kopin

NasdaqCM•Technology•Electronic Components

$4.74+0.01(<0.01%)After hours

Market Cap

$890.34M

P/E

111.8x

P/S

20.4x

P/B

12.9x

Kopin Corporation, together with its subsidiaries, develops, manufactures, and sells microdisplays, subassemblies, and related components for defense, enterprise, industrial, and consumer products in the United States, the Asia-Pacific, Europe, and internationally. The company offers miniature active-matrix liquid crystal displays, ferroelectric liquid crystal on silicon displays, organic light emitting diode displays, MicroLED display technologies, application specific optical solutions, backlights, and optical lenses. Its products are used for soldier thermal weapon rifle sights, avionic fixed and rotary wing pilot helmets, armored vehicle targeting systems, and training and simulation headsets; industrial and medical headsets; 3D optical inspection systems; and consumer augmented reality and virtual reality wearable headsets systems. Kopin Corporation has a strategic partnership with Fabric.AI, Inc. to develop optical interconnect technology for AI Data Centers. Kopin Corporation was incorporated in 1984 and is headquartered in Westborough, Massachusetts.

How this company scores

AverageMetricSide Score: 47/100

Strongest: Profitability (15/25); weakest: Cash & Earnings Quality (6/25).

Profitability15/25

Growth11/25

Balance Sheet & Red Flags15/25

Cash & Earnings Quality6/25

Strengths

Rising earningsInterest easily coveredProfit converts from growthNet cash position

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 111.8x5y range 111.8x – 172.8x

P/S · 20.4x5y range 2.0x – 20.4x

Currently above its 20-quarter median.

P/B · 12.9x5y range 2.7x – 43.8x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Red Flag

The company posted negative operating margins in recent quarters — core operations are unprofitable.

Earnings Quality

Red Flag

Free cash flow has been negative in 8 of the last 8 quarters — earnings are not translating to cash.

Price & Volume

Market Cap $890.34M

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $43.62M
Q. Revenue: $12.73M
TTM EBITDA: $-8.74M
TTM Op. Income: $-9.98M
Q. Op. Income: $-3.50M
TTM Net Income: $7.97M
Q. Net Income: $830,872
EPS: N/A
Shares Out.: $188.23M

$43.62M in TTM revenue declined 7.1% YoY, reaching $12.73M last quarter. TTM EBITDA of $-8.74M and TTM operating income of $-9.98M show growth is flowing through to the bottom line. TTM net income of $7.97M means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 2 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 48.3%
EBITDA Margin: -26.1%
Op. Margin: -27.5%
Net Margin: 6.5%

Op. margin of -27.5% is up 37.1% YoY — cost efficiency is improving. Net margin at 6.5% and gross margin of 48.3% show how much of each revenue dollar survives to profit. Across the last 8 quarters, operating margin has risen for 2 consecutive quarters — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 111.8x
P/S Ratio: 20.4x
P/B Ratio: 12.9x

At 111.8x P/E, the stock trades above typical market levels — the market expects above-average growth. P/S of 20.4x and P/B of 12.9x provide additional context. P/E sits above typical market levels while revenue growth is below 5%. Over the past year, P/E is up 0% — an improving trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $106.26M
Cash: $24.88M
Long-Term Debt: N/A
Book Value: $69.21M
D/E Ratio: N/A
Debt/EBITDA: N/A

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $-4.33M
TTM Free Cash Flow: $-19.66M
FCF Margin: -45.1%
FCF / Net Income: -2.5

TTM FCF of $-19.66M on $-4.33M in operating cash flow. The FCF / Net Income ratio of -2.5x means the business consumes cash — it is not yet self-funding. Over the past year, free cash flow is down 13% — a weakening trend.