Kopin (KOPN) Posts Quarterly Earnings Results, Misses Estimates By $0.02 EPS

Kopin (NASDAQ:KOPN) posted its earnings results on Thursday. The company reported ($0.13) earnings per share for the quarter, missing the consensus estimate of ($0.11) by ($0.02), MarketWatch Earnings reports. The firm had revenue of $5.13 million for the quarter. Kopin had a negative net margin of 86.62% and a negative return on equity of 35.12%. During the same period last year, the business posted ($0.11) earnings per share. Kopin updated its FY 2018 guidance to EPS.

Shares of NASDAQ:KOPN traded down $0.10 during trading on Friday, hitting $1.85. 296,497 shares of the stock traded hands, compared to its average volume of 181,765. Kopin has a 52-week low of $1.84 and a 52-week high of $3.95.

Large investors have recently bought and sold shares of the company. JPMorgan Chase & Co. increased its holdings in shares of Kopin by 457.7% during the 1st quarter. JPMorgan Chase & Co. now owns 74,092 shares of the company’s stock valued at $231,000 after purchasing an additional 60,807 shares in the last quarter. Cowen Prime Services LLC increased its holdings in shares of Kopin by 10.5% during the 2nd quarter. Cowen Prime Services LLC now owns 260,818 shares of the company’s stock valued at $746,000 after purchasing an additional 24,818 shares in the last quarter. Round Table Services LLC increased its holdings in shares of Kopin by 117.7% during the 3rd quarter. Round Table Services LLC now owns 385,380 shares of the company’s stock valued at $933,000 after purchasing an additional 208,380 shares in the last quarter. BlackRock Inc. increased its holdings in shares of Kopin by 9.5% during the 2nd quarter. BlackRock Inc. now owns 8,885,797 shares of the company’s stock valued at $25,414,000 after purchasing an additional 772,134 shares in the last quarter. Finally, A.R.T. Advisors LLC purchased a new position in shares of Kopin during the 1st quarter valued at approximately $137,000. 46.99% of the stock is owned by hedge funds and other institutional investors.

Separately, National Securities started 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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About Kopin

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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Earnings History for Kopin (NASDAQ:KOPN)

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