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

Kopin

08/08/2024 14:31

* Kopin Corp  KOPN.OQ  reported a quarterly adjusted loss
of 5
cents​​ per share for the quarter ended in June, higher than the
same quarter last year, when the company reported EPS of -6
cents.  The mean expectation of four analysts for the quarter
was for a loss of 4 cents per share. Wall Street expected
results to range from -5 cents to -3 cents per share.
    * Revenue rose 17.9% to $12.34 million from a year ago;
analysts
expected $9.94 million. 
    * Kopin Corp's reported EPS for the quarter was a loss of 5
cents​.
    * The company reported a quarterly loss of $5.92 million.
    * Kopin Corp shares had fallen by 5.0% this quarter and
lost 60.7%
so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 9.1%
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
"strong buy"
and the breakdown of recommendations is 4 "strong buy" or
"buy," no "hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the
semiconductors peer
group is  "buy."

Wall Street's median 12-month price target for Kopin Corp is
$2.75 
This summary was machine generated from LSEG data August 8 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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2024      -0.04          -0.05          Missed
 Mar. 31 2024      -0.05          -0.27          Missed
 Dec. 31 2023      -0.03          -0.04          Missed
 Sep. 30 2023      -0.03          -0.01          Beat