KOPN

Technology

Kopin Corporation · Consumer Electronics · $940M

UQS Score — Balanced Preset
27.6
Poor

Kopin Corporation scores 27.6/100 using the Balanced preset.

UQS vs Technology Sector
KOPN
27.6
Sector avg
38.0
Quality
Weak
Moat
Weak
Growth
Neutral
Risk
Neutral
Valuation
Elevated

What is Kopin Corporation?

Kopin Corporation is a small-cap technology company specializing in microdisplay technology for defense, industrial, and consumer wearable applications. Headquartered in Westborough, Massachusetts, it serves customers across the United States, Asia-Pacific, and Europe.

Kopin invents, develops, manufactures, and sells miniature display components and headset systems used in demanding environments. Its products appear in military soldier systems, avionic displays, armored vehicle simulators, industrial safety headsets, medical devices, and consumer augmented and virtual reality wearables. Revenue comes from selling display modules, optical subassemblies, and integrated headset systems to defense contractors, industrial OEMs, and consumer electronics manufacturers.

Kopin was incorporated in 1984 and formally established as a commercial entity in 1992, with its headquarters remaining in Westborough, Massachusetts.

  • Miniature AMLCD and LCOS microdisplay panels for defense and industrial use
  • OLED microdisplays for AR and VR wearable headsets
  • Application-specific integrated circuits and optical lenses
  • Integrated head-mounted and hand-held headset systems
  • Backlights and optical subassemblies for display modules

Is KOPN a Good Stock to Buy?

UQS Score rates KOPN as Poor overall, placing it in the lowest tier of scored equities.

Among the five pillars, Growth is the relative bright spot, rated Neutral — suggesting the company's revenue trajectory is not in outright decline, which matters in a niche technology segment where defense and AR/VR demand can create episodic tailwinds.

Quality, Moat, and Risk all carry Weak ratings, reflecting meaningful structural challenges around profitability, competitive differentiation, and financial stability. Valuation is rated Elevated, meaning the current price does not appear to compensate for those weaknesses.

See the exact pillar breakdown and full financial metrics by signing up for a UQS Pro account. Sign up free →

Past performance does not guarantee future results. UQS Score is based on fundamental data and is not a buy/sell recommendation.

Does KOPN pay dividends?

No — Kopin Corporation does not currently pay a dividend.

Kopin does not currently pay a dividend. For a small-cap technology company operating in capital-intensive display manufacturing, retaining cash to fund research, product development, and operational needs is a common priority. Income-focused investors should be aware that no shareholder distributions are in place at this time.

When does KOPN report earnings?

Kopin Corporation reports earnings on a quarterly cadence, consistent with standard practice for US-listed equities.

Kopin's recent quarterly results have reflected the challenges captured in its Weak Quality and Risk pillar ratings — profitability has remained under pressure while the company navigates defense program timing and consumer AR/VR market uncertainty. Revenue mix between defense and commercial segments can create quarter-to-quarter variability.

For the most recent quarter's results and guidance commentary, visit Kopin Corporation's investor relations page directly.

KOPN Price History

-64.8% over 5Y

Monthly close, adjusted for stock splits and dividend reinvestment.

Return Calculator

What if I invested in Kopin Corporation?

$
Today it would be worth
$3,872
That's a -61.3% total return, or -17.3% annualized.

Based on Kopin Corporation's historical closing prices, adjusted for stock splits and dividend reinvestment. Past performance does not guarantee future results. This is for informational purposes only and is not financial advice.

KOPN Long-term Outlook

Kopin's fundamental outlook is shaped by a Neutral Growth rating alongside Weak Quality and Risk profiles. The company operates in segments — defense wearables and AR/VR displays — where long-cycle program wins can drive revenue, but execution risk and thin financial buffers limit near-term visibility. An Elevated Valuation rating suggests the market may already be pricing in an optimistic scenario relative to current fundamentals.

Growth drivers

  • Defense modernization programs requiring advanced soldier and avionic display systems
  • Expanding adoption of AR and VR wearables in industrial and enterprise settings
  • Potential program awards from US and allied military procurement cycles

Key risks

  • Weak profitability and financial stability limiting the ability to absorb program delays
  • Elevated valuation leaving little margin of safety if growth disappoints
  • Intense competition in microdisplay technology from larger, better-capitalized players

KOPN vs Peers

Kopin operates in a specialized corner of the display and photonics technology space, where it competes with other small-cap component and systems companies.

MLABKOPN scores lower
Mesa Laboratories, Inc.

Mesa Laboratories focuses on measurement and quality assurance instruments across life sciences and industrial markets, giving it a different end-market profile than Kopin's display-centric defense and wearable focus.

LPTHSimilar UQS
LightPath Technologies, Inc.

LightPath Technologies specializes in optical components and assemblies, overlapping with Kopin in the photonics supply chain but with a broader lens and infrared optics product portfolio.

LYTSKOPN scores lower
LSI Industries Inc.

LSI Industries serves commercial and industrial lighting and display markets, competing in visual technology but with a stronger focus on retail and commercial environments rather than defense or wearables.

Frequently Asked Questions

What does Kopin Corporation do?

Kopin Corporation develops and manufactures miniature microdisplay components, optical subassemblies, and integrated headset systems. Its products serve defense applications such as soldier and avionic systems, as well as industrial safety headsets, medical devices, and consumer AR and VR wearables. The company sells to defense contractors, industrial OEMs, and consumer electronics manufacturers globally.

Does KOPN pay dividends?

Kopin does not pay a dividend. As a small-cap technology company with ongoing investment needs in research and manufacturing, the company retains available cash rather than distributing it to shareholders. Investors seeking regular income should factor this into their assessment.

When does KOPN report earnings?

Kopin reports financial results on a quarterly cadence, as is standard for US-listed companies. Specific upcoming report dates are not covered by our data source. For the latest schedule, check Kopin's investor relations page or a financial calendar service.

Is KOPN a good stock to buy?

UQS Score rates KOPN as Poor, its lowest tier. Quality, Moat, and Risk pillars are all rated Weak, and Valuation is rated Elevated. The only relatively neutral signal comes from the Growth pillar. This profile warrants careful scrutiny before any investment decision. The full pillar breakdown is available to Pro members.

Is KOPN overvalued?

The UQS Valuation pillar for KOPN is rated Elevated, indicating the current market price appears high relative to the company's underlying financial fundamentals. When paired with Weak Quality and Risk ratings, an Elevated Valuation leaves limited margin of safety for investors.

How does KOPN compare to its competitors?

Kopin occupies a niche in microdisplay and optical systems for defense and wearables. Peers like LightPath Technologies share exposure to the photonics supply chain, while Mesa Laboratories and LSI Industries serve different end markets. Kopin's defense program dependency and small scale differentiate it, though not always advantageously.

What is KOPN's market cap bracket?

Kopin Corporation is classified as a small-cap company. This means it carries characteristics typical of smaller public companies — including higher volatility, thinner liquidity, and greater sensitivity to individual contract wins or losses compared to large- or mega-cap peers.

Who founded Kopin Corporation?

Kopin Corporation was incorporated in 1984 and built around microdisplay research originating from academic and government-funded work. Founding context and leadership history are publicly available through the company's official filings and investor relations materials.

Is KOPN a long-term quality investment?

As a long-term quality indicator, the UQS Score rates KOPN as Poor. Weak scores across Quality, Moat, and Risk pillars suggest the company currently lacks the durable financial and competitive characteristics typically associated with long-term compounders. The Growth pillar at Neutral offers a modest offset, but does not change the overall profile.

What is the main competitive advantage of Kopin Corporation?

Kopin's primary differentiation lies in its specialized expertise in miniature microdisplay technology, particularly for defense and ruggedized applications where display size, brightness, and durability requirements are demanding. However, the UQS Moat pillar rates this advantage as Weak, suggesting it has not translated into durable pricing power or financial outperformance.

What sector does KOPN belong to?

Kopin Corporation is classified in the Technology sector. More specifically, it operates within electronic components and display technology, with meaningful revenue exposure to the defense and aerospace end market — making it a hybrid of pure technology and defense supply chain dynamics.

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Pro Analysis

KOPN — Score History

5101520253035Apr 2Apr 12Apr 22May 2May 12May 22May 24v5
Score changes· 10 most recent
DateUQSQualityMoatGrowthRiskValueChange
May 16, 202627.77.929.058.143.42.0+3.3
May 8, 202624.40.029.058.136.90.0-0.8
Apr 22, 202625.210.929.058.120.73.10.0
Apr 21, 202625.210.929.058.120.73.2-0.1
Apr 19, 202625.311.229.058.220.73.1+0.7
Apr 18, 202624.63.129.058.232.70.0-0.8
Apr 17, 202625.43.129.062.532.70.0-1.8
Apr 16, 202627.23.129.062.544.20.0+5.6
Apr 13, 202621.64.229.042.032.70.0+9.5
Apr 2, 202612.10.029.00.032.70.0

KOPN — Pillar Breakdown

Quality

7.9/100 (25%)

Kopin Corporation currently shows below-average quality metrics, suggesting challenges with profitability.

Capital Efficiency (ROIC)Weak

How effectively capital is deployed to generate returns.

Return on EquityWeak

Profitability relative to shareholders' equity.

Operating ProfitabilityWeak

Ability to convert revenue into operating profit.

Net ProfitabilityWeak

Bottom-line profit as a share of revenue.

Gross Profit / AssetsWeak

Asset productivity — how much gross profit each dollar of assets generates.

Cash GenerationWeak

Free cash flow relative to market value.

Growth

58.1/100 (20%)

Kopin Corporation demonstrates healthy growth trends across revenue and earnings.

Recent Revenue TrendWeak

Revenue trajectory over the last twelve months.

3Y Revenue CAGRWeak

Compound annual revenue growth rate over 3 years.

EPS GrowthStrong

Year-over-year earnings per share growth.

Forward Revenue OutlookStrong

Analyst consensus for future revenue growth.

Risk

43.4/100 (15%)

Kopin Corporation has some risk factors including moderate leverage or solvency concerns.

Financial LeverageWeak

Debt levels relative to earnings capacity.

Debt/EquityStrong

Total debt relative to shareholder equity.

Current RatioStrong

Short-term liquidity — ability to pay near-term obligations.

Interest CoverageWeak

Earnings capacity relative to interest payments.

Valuation

2.0/100 (15%)

Kopin Corporation appears expensively valued relative to its fundamentals and growth prospects.

Earnings YieldWeak

Inverse of forward P/E — higher yield means cheaper stock.

Moat

29/100 (25%)

Kopin Corporation operates in a highly competitive environment with limited sustainable advantages. The Moat pillar evaluates competitive advantages across five dimensions: Switching Costs, Network Effects, Cost Advantage, Intangible Assets, and Scale & Ecosystem. Sign in to customize moat ratings for KOPN.

Score Composition

Quality
7.9×25%2.0
Growth
58.1×20%11.6
Risk
43.4×15%6.5
Valuation
2.0×15%0.3
Moat
29.0×25%7.3
Total
27.6Poor

Financial Data

More Stock Analysis

How is the KOPN UQS Score Calculated?

The UQS (Unified Quality Score) for Kopin Corporation is calculated using a proprietary 6-pillar framework with 29 financial metrics. Each pillar evaluates a different dimension on a 0–100 scale, then combines into a single weighted score. Scoring thresholds are calibrated per sector. Momentum is an optional Pro toggle — without it, you get the 5-pillar / 25-metric core shown below.

Quality (25%) measures profitability and capital efficiency — ROIC, ROE, margins, GP/Assets, and FCF Yield.

Moat (25%) assesses Kopin Corporation's competitive advantages across switching costs, network effects, cost advantages, intangible assets, and ecosystem scale.

Growth (20%) tracks revenue trajectory and earnings momentum, combining historical results with analyst forward estimates.

Risk (15%) is inversely scored — lower leverage and strong balance sheet health result in higher scores.

Valuation (15%) measures whether Kopin Corporation is fairly priced using earnings yield, price-to-FCF, PEG ratio, and EV/EBITDA relative to sector peers.

Six investor-inspired presets are available, each with different pillar weights: Balanced, Buffett, Munger, Lynch, Cathie Wood, and Graham. The public score shown here uses the Balanced preset. Learn more in our FAQ.