Kopin Co. (NASDAQ:KOPN) shares fell 4.1% on Friday following a weaker than expected earnings announcement. The company traded as low as $1.92 and last traded at $1.87. 7,570 shares were traded during mid-day trading, a decline of 96% from the average session volume of 184,717 shares. The stock had previously closed at $1.95.
The company reported ($0.13) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.02). The firm had revenue of $5.13 million for the quarter. Kopin had a negative return on equity of 35.12% and a negative net margin of 86.62%. During the same period in the prior year, the firm posted ($0.11) EPS.
Separately, National Securities began coverage on Kopin in a research report on Tuesday, October 2nd. They set a “buy” rating and a $3.00 target price for the company.
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Kopin Company Profile (NASDAQ:KOPN)
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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