Stock Highlights: Kopin Corporation (NASDAQ-KOPN)

On 21 May Tuesday, Kopin Corporation (NASDAQ-KOPN) above/below +0.90% and ended at $+0.0100. The stock’s market capitalization arrived at $92.399M and total traded volume was 1,173,109 shares. During last trade, its maximum trading price was registered $1.2500 and it’s the minimum trading price was noted $1.1200.

Kopin Corporation (KOPN) recently provided an update on its business initiatives and stated financial results for the fourth quarter and full year ended December 29, 2018.

Fourth Quarter Financial Results

Total revenues for the fourth quarter ended December 29, 2018 were $7.7M, contrast with $11.4M for the fourth quarter ended December 30, 2017. The decrease in revenues in the fourth quarter of 2018 contrast to 2017 was primarily Because of the completion of a military program at our subsidiary NVIS.

Research and development (R&D) expenses for the fourth quarter of 2018 were $3.9M contrast to $4.7M for the fourth quarter of 2017.

Selling, general and administrative (SG&A) expenses were $6.2M for the fourth quarter of 2018, contrast to $4.4M for the fourth quarter of 2017. SG&A in the fourth quarter of 2018 included an raise of $1.7M in non-cash stock-based compensation.

The net loss attributable to controlling interest for the fourth quarter of 2018 was $11.0M, or $0.15 per share, contrast with net loss of $1.8M, or $0.02 per share, for the fourth quarter of 2017. The fourth quarter of 2018 included an impairment charge to goodwill and the write-down of fixed assets of $3.6M. The fourth quarter of 2017 included an impairment charge to goodwill of $0.6M and a gain of $1.7M from the mark to market of a warrant received from a company that licensed Kopin’s intellectual property.

Full Year Results

Total revenue for the twelve months ended December 29, 2018 were $24.5M, contrast to $27.8M for 2017.

Research and development expenses for 2018 were $17.4M contrast with $18.9M in 2017.

Selling, general and administrative expenses were $27.2M in 2018, contrast with $20.5M in 2017. The raise in SG&A in 2018 contrast to 2017 was primarily due an raise in non-cash stock-based compensation of $2.6M, product promotion of $1.2M, accretion of earn out of $0.8M and legal and professional fees of $0.8M.

The company has price to cash ratio of 2.61.EPS growth for this year is 16.20% and EPS growth for next year is expected to reach at 38.70%. EPS growth in past five years was -4.20% while EPS growth in next five years is projected to arrive at 20.00%. Sales growth past 5 years was measured at 1.30%.

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