Kopin Corp reports results for the quarter ended June 30 - Earnings Summary

• Kopin Corp KOPN.OQ reported a quarterly adjusted loss of 3 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of -5 cents. The mean expectation of three analysts for the quarter was for a loss of one cent per share. Wall Street expected results to range from -2 cents to -1 cents per share.

• Revenue fell 31.5% to $8.46 million from a year ago; analysts expected $10.57 million.

• Kopin Corp's reported EPS for the quarter was a loss of 3 cents​.

• The company reported a quarterly loss of $5.17 million.

• Kopin Corp shares had risen by 22.2% this quarter and gained 37.5% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 33.3% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy," no "hold" and no "sell" or "strong sell." The average consensus recommendation for the semiconductors peer group is also "buy"

• Wall Street's median 12-month price target for Kopin Corp is $2.38, about 21.3% above its last closing price of $1.87

This summary was machine generated from LSEG data August 12 at 01:31 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)