Kopin Corporation (KOPN) Bundle
A Brief History of Kopin Corporation (KOPN)
Foundation and Early Years
Kopin Corporation was founded in 1984 by Dr. John C. M. Wu in Taunton, Massachusetts. Initially, it focused on developing advanced technologies for the defense industry.
Technological Innovations
In 1995, Kopin introduced the world's first microdisplay technology for military applications, significantly impacting the heads-up display (HUD) market. They developed various products including the CyberDisplay, which achieved high resolution and low power consumption.
Public Offering
Kopin Corporation went public in 1995, trading on the NASDAQ under the ticker KOPN. The initial public offering raised approximately $28 million.
Partnerships and Collaborations
Over the years, Kopin has engaged in various partnerships to enhance its offerings. In 2016, it entered a strategic agreement with Panasonic to develop advanced augmented reality (AR) displays.
Recent Financial Performance
As of fiscal year 2022, Kopin reported revenues of $13.7 million, with a net loss of $29 million. The company had total assets worth $54.9 million and liabilities amounting to $29 million.
| Year | Revenue ($M) | Net Income ($M) | Total Assets ($M) | Total Liabilities ($M) |
|---|---|---|---|---|
| 2018 | 15.5 | -16.2 | 61.4 | 30.1 |
| 2019 | 22.6 | -5.9 | 54.9 | 26.4 |
| 2020 | 10.2 | -15.0 | 44.5 | 24.6 |
| 2021 | 18.1 | -11.0 | 49.3 | 27.7 |
| 2022 | 13.7 | -29.0 | 54.9 | 29.0 |
Recent Developments
In 2023, Kopin launched a new generation of displays tailored for the AR market, aiming for a significant share in the augmented reality sector, which is projected to reach $198 billion by 2025.
Market Presence
Kopin has expanded its market footprint internationally, particularly in Asia and Europe, where demand for display technologies is rapidly increasing. The company is focusing on sectors such as military, consumer electronics, and automotive applications.
Stock Performance
As of October 2023, the stock price of KOPN was trading around $2.75 per share, with a market capitalization of approximately $173 million.
| Date | Stock Price ($) | Market Cap ($M) | 52-Week High ($) | 52-Week Low ($) |
|---|---|---|---|---|
| October 2023 | 2.75 | 173 | 4.00 | 1.95 |
| September 2023 | 2.80 | 178 | 4.00 | 1.95 |
| August 2023 | 3.10 | 200 | 4.00 | 1.95 |
| July 2023 | 3.50 | 220 | 4.00 | 1.95 |
| June 2023 | 3.20 | 210 | 4.00 | 1.95 |
A Who Owns Kopin Corporation (KOPN)
Current Ownership Structure
Kopin Corporation (KOPN) operates in the technology sector, primarily focusing on advanced display technologies and microdisplays. The ownership structure is characterized by institutional and retail investors.
Major Shareholders
The following table outlines the major shareholders of Kopin Corporation, along with their ownership percentages as of the most recent fiscal report.
| Shareholder Name | Type of Ownership | Shares Owned | Ownership Percentage |
|---|---|---|---|
| BlackRock, Inc. | Institutional | 2,125,999 | 10.5% |
| The Vanguard Group, Inc. | Institutional | 1,875,000 | 9.3% |
| Dimensional Fund Advisors LP | Institutional | 1,000,000 | 4.9% |
| Renaissance Technologies LLC | Institutional | 900,000 | 4.4% |
| Franklin Templeton Investments | Institutional | 850,000 | 4.2% |
| Retail Investors | Individual | 12,000,000 | 58.2% |
Stock Performance and Market Capitalization
As of October 2023, Kopin Corporation's stock is priced at approximately $2.10 per share. The market capitalization stands at around $100 million, reflecting the company’s position in the market.
Recent Financial Performance
For the fiscal year ending December 2022, Kopin Corporation reported the following financial metrics:
| Financial Metric | Amount (in millions) |
|---|---|
| Revenue | $25.3 |
| Net Income | -$6.2 |
| Operating Expenses | $18.5 |
| Total Assets | $34.7 |
| Total Liabilities | $16.8 |
Recent Developments
Kopin Corporation has announced several strategic initiatives aimed at enhancing its technological capabilities and market reach, including partnerships and product innovations.
Conclusion on Ownership Dynamics
The ownership dynamics of Kopin Corporation illustrate a significant presence of institutional investors, combined with robust retail investor participation, which reflects confidence in the technological developments and market potential of the company.
Kopin Corporation (KOPN) Mission Statement
Mission Statement Overview
Kopin Corporation is dedicated to being a leader in the development of advanced display technologies and solutions. The company aims to deliver innovative products that enhance communication and connectivity across various platforms, ensuring superior performance and sustainability.
Core Values
- Innovation: Continuous improvement and advancement in technology and products.
- Quality: Commitment to the highest standards of manufacturing and service.
- Customer Focus: Understanding and meeting the needs of customers and partners.
- Sustainability: Commitment to environmentally responsible practices.
Financial Performance
As of the latest fiscal year-end, Kopin Corporation reported the following financial highlights:
| Financial Metric | Value |
|---|---|
| Revenue (FY 2022) | $27.1 million |
| Net Income (FY 2022) | ($15.4 million) |
| Total Assets (Q2 2023) | $39.2 million |
| Total Liabilities (Q2 2023) | $12.5 million |
| Market Capitalization (As of October 2023) | $85.4 million |
Product Offerings and Technologies
Kopin Corporation specializes in various technologies including:
- Microdisplays
- Wearable systems
- Advanced touchscreen technologies
- High-speed data transfer solutions
Market Position and Competitive Landscape
Kopin operates in a highly competitive market, focusing on sectors such as:
- Military and defense applications
- Medical devices
- Consumer electronics
- Industrial applications
Market share for microdisplay technology is estimated at approximately 22% as of 2022.
Strategic Goals
The strategic goals of Kopin Corporation include:
- Expansion into new markets
- Enhancing R&D capabilities
- Increasing production efficiency
- Developing sustainable product lines
| Strategic Goal | Target Year | Status |
|---|---|---|
| Market Expansion | 2025 | In Progress |
| R&D Investment Increase | 2023 | Achieved |
| Production Efficiency Improvement | 2024 | On Track |
| Sustainable Product Development | 2025 | Planned |
Conclusion and Future Outlook
Kopin Corporation is poised for growth by leveraging its innovative capabilities and strategic initiatives aimed at market expansion and sustainability. The company's mission centers around delivering high-quality, cutting-edge technologies that meet the evolving needs of its customers across diverse industries.
How Kopin Corporation (KOPN) Works
Business Overview
Kopin Corporation is a leading developer and manufacturer of innovative display solutions and microdisplays for military, industrial, and consumer applications. As of 2023, the company has focused on leveraging its expertise in optical technology to enhance user experience in various sectors.
Financial Performance
As of Q2 2023, Kopin reported the following key financial metrics:
| Metric | Amount (Q2 2023) |
|---|---|
| Revenue | $5.3 million |
| Net Loss | ($2.1 million) |
| Gross Margin | 16.5% |
| Operating Expenses | $7.8 million |
| Cash and Cash Equivalents | $14.9 million |
Core Technologies
Kopin specializes in a variety of advanced technologies that include:
- Microdisplays
- Optical systems
- High-performance optics
- Wearable technology
Market Segments
The company operates in several market segments:
- Military and Defense: Providing rugged displays for heads-up and wearable technology.
- Industrial: Displays for various industrial applications.
- Consumer Electronics: Engaging in partnerships for commercial products.
Partnerships and Collaborations
Kopin has a history of strategic partnerships which enhance its market reach:
- Partnerships with major defense contractors for military applications.
- Collaboration with consumer electronics firms for wearable technologies.
- Joint ventures in the optics sector to enhance product offerings.
Recent Developments
In 2023, Kopin announced several key initiatives:
- Launch of new microdisplay technology with improved resolution.
- Adoption of augmented reality solutions in consumer markets.
- Expansion into new geographic markets, including Europe and Asia.
Future Outlook
Kopin Corporation aims to enhance its revenue streams and market presence by focusing on:
- Innovating product lines.
- Increasing investment in R&D.
- Expanding partnerships in emerging technology sectors.
How Kopin Corporation (KOPN) Makes Money
Overview of Business Segments
Kopin Corporation operates primarily in the semiconductor industry, focusing on developing innovative display technologies and solutions. The company generates revenue through various segments:
- Wearable Technologies
- Defense and Aerospace Systems
- Commercial and Industrial Applications
Revenue Streams
The company's revenue streams can be categorized into the following:
- Product Sales: Sales of microdisplays, optics, and related products.
- Contract Manufacturing: Providing manufacturing services for other companies.
- R&D Services: Research and development partnerships and contracts.
Financial Performance
As of Q2 2023, Kopin Corporation reported the following financial metrics:
| Metric | Amount |
|---|---|
| Total Revenue | $6.8 million |
| Gross Profit | $2.1 million |
| Operating Income | -$3.5 million |
| Net Income | -$3.4 million |
| Cash and Cash Equivalents | $20.3 million |
| Debt | $3.1 million |
Key Products and Technologies
Kopin’s product offerings play a crucial role in its revenue generation:
- Microdisplays: Used in military, medical, and consumer applications.
- Organic Light Emitting Diode (OLED): A significant technological advancement in display technology.
- Head-Mounted Displays (HMDs): Designed for various industrial applications, including augmented reality (AR) and virtual reality (VR).
Market Dynamics
The wearable technology market is projected to grow significantly, influencing Kopin’s revenue potential:
- Wearable Technology Market Size in 2023: $58 billion
- Projected Growth Rate (CAGR): 15.4% from 2023 to 2030
Partnerships and Collaborations
Kopin’s strategic partnerships enhance its revenue opportunities:
- Partnership with Northrop Grumman for defense technologies.
- Collaboration with Google for augmented reality applications.
Market Position and Share
As of 2023, Kopin Corporation holds a notable position in the microdisplay market:
- Market Share: Approximately 10% in microdisplays for HMDs.
- Projected Market Size for Microdisplays by 2025: $1.5 billion
Challenges and Risks
Despite its strengths, Kopin faces several challenges:
- Market Competition: Intense competition from companies like Sony and Oculus.
- Technological Advancement: The need for continuous innovation to stay relevant.
Kopin Corporation (KOPN) DCF Excel Template
5-Year Financial Model
40+ Charts & Metrics
DCF & Multiple Valuation
Free Email Support