KOPN Kopin Corp.
Kopin Corp. engages in the development, manufacture and sale of wearable technologies which include components and systems. Its portfolio includes display, ASIC, ergonomics, optics, whisper voice interface, software, packaging, and OLED displays. The firm uses semiconductor material technology to design, manufacture and market its component products for use in military, enterprise and consumer electronic applications, training and simulation equipment and 3D metrology equipment. The company was founded by John C.C. Fan on April 23, 1984 and is headquartered in Westborough, MA.
Company profile
Ticker
KOPN
Exchange
Website
CEO
John C. C. Fan
Employees
Incorporated in
Location
Fiscal year end
Sector
Industry (SEC)
SEC CIK
Corporate docs
IRS number
42833935
KOPN stock data
()
Investment data
Securities sold
Number of investors
Calendar
7 May 20
7 Jul 20
26 Dec 20
News
Company financial data Financial data
| Quarter (USD) | Mar 20 | Dec 19 | Sep 19 | Jun 19 | |
|---|---|---|---|---|---|
| Revenue | 7.88M | 8.73M | 6.14M | 9.11M | |
| Net income | -3.66M | -7.31M | -6.51M | -4.24M | |
| Diluted EPS | -0.04 | -0.09 | -0.08 | -0.05 | |
| Net profit margin | -46.42% | -83.79% | -106% | -46.51% | |
| Operating income | -3.54M | -3.56M | -6.4M | -4.84M | |
| Net change in cash | 2.3M | -2.73M | -3.38M | -4.45M | |
| Cash on hand | 8.33M | 6.03M | 8.76M | 12.13M | |
| Cost of revenue | 5.65M |
| Annual (USD) | Dec 19 | Dec 18 | Dec 17 | Dec 16 | |
|---|---|---|---|---|---|
| Revenue | 29.52M | 24.47M | 27.84M | 22.64M | |
| Net income | -29.37M | -34.48M | -25.38M | -23.03M | |
| Diluted EPS | -0.37 | -0.47 | -0.36 | -0.37 | |
| Net profit margin | -99.51% | -141% | -91.16% | -102% | |
| Operating income | -26.38M | -39.97M | -30.3M | -20.47M | |
| Net change in cash | -8.3M | -10.52M | 9.03M | -3.95M | |
| Cash on hand | 6.03M | 14.33M | 24.85M | 15.82M | |
| Cost of revenue | 20.9M | 15.83M | 18.12M | 17.81M |
Financial data from Kopin earnings reports
Recent insider trades
| Date | Owner | Security | Transaction | Code | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|
| 1 Jun 20 | Hsieh Chi Chia DR | Common Stock | Grant | Aquire A | No | 0 | 10,000 | 0 | 150,000 |
| 1 Jun 20 | Brewington James K | Common Stock | Grant | Aquire A | No | 0 | 10,000 | 0 | 160,000 |
| 1 Jun 20 | Richard Hoe Osgood III | Common Stock | Grant | Aquire A | No | 0 | 10,000 | 0 | 40,000 |
| 1 Jun 20 | Collins Morton | Common Stock | Grant | Aquire A | No | 0 | 10,000 | 0 | 130,000 |
| 1 Jun 20 | Anchin Scott L | Common Stock | Grant | Aquire A | No | 0 | 10,000 | 0 | 20,000 |
Institutional ownership Q1 2020
21.1% owned by funds/institutions
13F holders |
Current |
|---|---|
| Total holders | 46 |
| Opened positions | 5 |
| Closed positions | 15 |
| Increased positions | 9 |
| Reduced positions | 16 |
13F shares |
Current |
|---|---|
| Total value | 6.31M |
| Total shares | 17.92M |
| Total puts | 0 |
| Total calls | 0 |
| Total put/call ratio | – |
Largest owners |
Shares | Value |
|---|---|---|
| AWM Investment | 7.36M | $2.57M |
| Vanguard | 2.98M | $1.04M |
| Millennium Management | 2.48M | $866K |
| BLK BlackRock | 1.52M | $532K |
| Penbrook Management | 630.13K | $220K |
| California Public Employees Retirement System | 569.07K | $199K |
| Geode Capital Management | 541.52K | $189K |
| Cowen Prime Services | 273.52K | $96K |
| Two Sigma Investments | 243.26K | $85K |
| NTRS Northern Trust | 186.85K | $66K |
Financial report summary
?Management Discussion
- Sales of our products for Military applications include systems used by the military both in the field and for training and simulation. Sales of our products for Military applications may be for a one-time purchase order or for programs that run for several years. Product sales to military customers were essentially flat for 2019 and 2018.
- Industrial applications revenues represent customers who purchase our display products for use in headsets used for manufacturing, distribution, public safety, 3D metrology equipment and other industrial applications. Our 3D metrology customers are primarily located in Asia and they sell to Asian contract manufacturers who use the 3D metrology machines for quality control purposes. The increase in Industrial applications in 2019 compared to 2018 was primarily due to an increase in sales to customers who use our display components in industrial headsets and safety applications.
- Sales of our displays for Consumer applications is primarily for the use in thermal imaging products, recreational rifle and hand-held scopes and drone racing headsets. The decrease in Consumer applications in 2019 compared to 2018 was primarily due to decreased demand for displays and components used in drone racing headsets.
Content analysis
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H.S. freshman Avg
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New words:
abandoned, advantage, aggressively, Aid, annum, approval, assist, ATM, Attached, attendance, authoritative, authorized, avionic, AWARD, bad, carryover, Certification, chain, CODM, communicable, competitive, complex, conflict, COSO, customary, damage, decided, declared, depend, Dimension, disease, disrupted, disruption, documentation, documented, duly, duration, economy, efficiency, electronic, eligible, entirety, established, evidenced, evolving, exclude, Exhibit, ExhibitNo, experience, Extensible, extension, extensive, extent, firm, fixed, forgiven, formatted, fourth, frame, Framework, furnished, GAAP, global, governmental, headcount, home, iii, individual, INPUT, interruption, iv, January, Language, launch, lender, longer, miniature, monthly, mortgage, national, open, opportunity, order, outbreak, pandemic, past, Paycheck, payroll, PLAN, plant, portable, postponing, PPP, prepaid, prepayment, professional, projected, prolonged, promissory, prorated, prosecute, pursing, rapidly, recently, RECONCILIATION, RECURRING, Registrant, registration, regulatory, rent, reopened, reorganization, reputation, requesting, resumed, return, review, reviewed, richard, Rockland, run, SBA, scope, Scotland, scrutiny, sight, situation, Smaller, sneider, societal, source, spending, stay, subsequently, suitability, sum, supply, thereunto, transportation, travel, Trust, undersigned, unit, United, unlimited, UNOBSERVABLE, vi, volatility, weekly, widespread, workforce, World, XBRL
Removed:
accounted, acquisition, alternative, applying, approach, arrangement, assessing, Board, borrow, borrowing, carry, classification, commencement, commensurate, committed, concept, CPI, cumulative, curtailed, deficit, degree, Delaware, detailed, determinable, determined, direct, discount, discovered, earn, earnout, eliminated, embezzlement, embraced, escalation, exercised, existing, expand, expedient, expired, focusing, hindsight, imager, implicit, inception, incorporated, incremental, index, initial, inspection, insurance, intangible, inventor, Korean, maintenance, milestone, minimum, modified, obsolescence, occurrence, office, package, permitted, practical, prospectively, readily, receive, reflective, renewal, renewed, residual, retrospective, revalued, ROU, secured, separately, shipment, smart, space, system, termination, transition, treated, unrestricted, variable
Financial reports
10-Q
2020 Q1
Quarterly report
7 May 20
10-K
2019 FY
Annual report
11 Mar 20
10-Q
2019 Q3
Quarterly report
7 Nov 19
10-Q/A
2019 Q2
Quarterly report (amended)
7 Nov 19
10-Q/A
2019 Q1
Quarterly report (amended)
7 Nov 19
10-K/A
2018 FY
Annual report (amended)
7 Nov 19
10-Q
2019 Q2
Quarterly report
8 Aug 19
10-Q
2019 Q1
Quarterly report
9 May 19
10-K
2018 FY
Annual report
14 Mar 19
10-Q
2018 Q3
Quarterly report
8 Nov 18
Current reports
8-K
Termination of a Material Definitive Agreement
20 May 20
8-K
Results of Operations and Financial Condition
5 May 20
8-K
Entry into a Material Definitive Agreement
27 Apr 20
8-K
Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard
21 Apr 20
8-K
Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard
8 Apr 20
8-K
Q4 Revenues Increase 13%; Q4 Operating Expenses Decline 34%Unveils 2.6K 1.3” Diagonal and 20,000 Nit Green OLED Micro Displays At CES 2020
10 Mar 20
8-K
Submission of Matters to a Vote of Security Holders
2 Mar 20
8-K
Changes in Registrant's Certifying Accountant
22 Nov 19
8-K
Kopin Provides Business Update and Third Quarter 2019 Operating Results
7 Nov 19
8-K
Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard
15 Oct 19
Registration and prospectus
S-8
Registration of securities for employees
29 May 20
424B5
Prospectus supplement for primary offering
15 Mar 19
424B5
Prospectus supplement for primary offering
14 Mar 19
424B5
Prospectus supplement for primary offering
8 Feb 19
S-3/A
Shelf registration (amended)
13 Dec 18
S-3
Shelf registration
26 Nov 18
S-8
Registration of securities for employees
7 Jun 18
S-8
Registration of securities for employees
10 Aug 17
D
$24.66M in equity / Common Stock, sold $24.66M, 1 investor
28 Apr 17
S-8
Registration of securities for employees
31 Mar 17
Proxies
DEF 14A
Definitive proxy
13 Apr 20
DEF 14A
Definitive proxy
21 Jan 20
PRE 14A
Preliminary proxy
10 Jan 20
DEF 14A
Definitive proxy
15 Apr 19
DEF 14A
Definitive proxy
30 Mar 18
DEF 14A
Definitive proxy
1 May 17
DEF 14A
Definitive proxy
11 Apr 16
DEFA14A
Additional proxy soliciting materials
30 Apr 15
DEF 14A
Definitive proxy
7 Apr 15
DEF 14A
Definitive proxy
25 Mar 14
Other
SD
Conflict minerals disclosure
1 May 20
UPLOAD
Letter from SEC
20 Nov 19
CORRESP
Correspondence with SEC
30 Oct 19
UPLOAD
Letter from SEC
28 Oct 19
CORRESP
Correspondence with SEC
18 Oct 19
SD
Conflict minerals disclosure
15 May 19
EFFECT
Notice of effectiveness
17 Dec 18
SD
Conflict minerals disclosure
18 May 18
SD
Conflict minerals disclosure
12 May 17
SD
Conflict minerals disclosure
11 May 16
Ownership
4
KOPIN / MORTON COLLINS ownership change
2 Jun 20
4
KOPIN / Scott L Anchin ownership change
2 Jun 20
4
KOPIN / CHI CHIA DR HSIEH ownership change
2 Jun 20
4
KOPIN / DAVID BROOK ownership change
2 Jun 20
4
KOPIN / JAMES K BREWINGTON ownership change
2 Jun 20
4
KOPIN / Richard Hoe Osgood III ownership change
2 Jun 20
4
KOPIN / JOHN C C FAN ownership change
11 May 20
SC 13G/A
Kopin Corp
12 Feb 20
4
KOPIN / Paul Christopher Baker ownership change
7 Jan 20
4
KOPIN / BOR YEU TSAUR ownership change
23 Dec 19
Patents
APP
Utility
Headset Computer That Uses Motion and Voice Commands to Control Information Display and Remote Devices
21 May 20
A wireless hands-free portable headset computer with a micro display arranged near but below a wearer's eye in a peripheral vision area not blocking the wearer's main line of sight.
GRANT
Utility
Beamforming using fractional time delay in digitally oversampled sensor systems, apparatuses, and methods
12 May 20
Systems and methods are described to time delay a signal output from an analog-to-digital converter (ADC).
GRANT
Utility
Two rows driving method for micro display device
28 Apr 20
A method of driving a pixel array includes providing a ramp signal to one or more columns of the pixel array.
GRANT
Utility
Headset computer that uses motion and voice commands to control information display and remote devices
21 Apr 20
A wireless hands-free portable headset computer with a micro display arranged near but below a wearer's eye in a peripheral vision area not blocking the wearer's main line of sight.
GRANT
Utility
Variable duty cycle display scanning method and system
3 Mar 20
A method of scanning video information to a pixel array comprises, during a first active row interval, setting a column signal line to an initial voltage, asserting a first row signal line of the pixel array, setting the column line to a desired voltage, and de-asserting the first row signal line when the column signal line is at the desired voltage.