KOPIN CORP
KOPNNasdaqTechnology · Semiconductors & Related Devices · DE · SEC filings ↗ · Compare ⊕
View price & chart on Yahoo Finance ↗Financials
SEC XBRL · annual| FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | |
|---|---|---|---|---|---|---|
| Revenue | $39.3M | $50.3M | $40.4M | $47.4M | $45.7M | $40.1M |
| Operating income | −$9.9M | −$43.1M | −$17.2M | −$21.8M | −$13.8M | −$4.8M |
| Net income | $2.6M | −$43.9M | −$19.7M | −$19.3M | −$13.4M | −$4.4M |
| Total assets | $108.4M | $70.8M | $49.3M | $43.8M | $63.0M | $47.5M |
| Total liabilities | $36.7M | $47.5M | $19.8M | $19.8M | $23.4M | $19.3M |
| Equity | $64.1M | $23.3M | $29.5M | $24.2M | $39.8M | $28.4M |
| EPS (diluted) | $0.01 | $-0.33 | $-0.18 | $-0.21 | $-0.15 | $-0.04 |
| Shares out. | 162.1M | 118.4M | 94.5M | 92.2M | 91.3M | 84.9M |
Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.
Key ratios
from filings · FY2025- Operating margin
- −25.1%
- Net margin
- 6.6%
- Return on equity
- 4.1%
- Return on assets
- 2.4%
- Return on capital (ROCE)
- −13.2%
- Liabilities / assets
- 33.9%
- Debt / equity
- 0.57×
- Book value / share
- $0.40
- Revenue growth (YoY)
- −21.9%
- Net income growth (YoY)
- —
Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.
Financial health
forensic scores · FY2025- Altman Z″ (distress)
- -7.29distress
- Accruals / assets
- 16.7%high accruals
- Piotroski F-Score
- 5/9mixed
Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.
Quality score
EDS ScoreOur own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast.
Signs
● 2 severe● 4 warning● 1 good- Altman Z″ in the distress zone
- Filed a late-filing notice (Form NT) — missed an SEC deadline
- Operating losses (negative operating margin)
- Revenue declined year-over-year
- Negative operating cash flow
- High accruals — earnings-quality risk
- Conservative leverage (liabilities < 50% of assets)
Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.
Risk flags
late SEC filings- NT 10-Kmissed a reporting deadline ↗Mar 27, 2026
- NT 10-Kmissed a reporting deadline ↗Mar 27, 2025
- NT 10-Kmissed a reporting deadline ↗Mar 16, 2018
- NT 10-Kmissed a reporting deadline ↗Mar 17, 2017
- NT 10-Qmissed a reporting deadline ↗Nov 4, 2016
- NT 10-Qmissed a reporting deadline ↗May 8, 2015
A Form NT means the company notified the SEC it would file a periodic report late — often an accounting, audit or liquidity warning sign. Also search SEC enforcement actions for this company.
5%+ owners
SEC Schedule 13D / 13G · last 3 yrs- Vanguard Group IncPassive (13G)Mar 27, 2026
- State Street CorpPassive (13G)Feb 9, 2026
- Blackrock, Inc.Passive (13G)Jan 21, 2026
- Theon International Plc.Passive (13G)Nov 6, 2025
- Royce & Associates LpPassive (13G)Oct 22, 2025
Holders who disclosed a 5%+ stake. 13D signals intent to influence or control; 13G is a passive holding. Latest filing per holder — open it for the exact stake.
Insider transactions
SEC Form 4 · most recent| Insider | Date | Type | Shares | Price |
|---|---|---|---|---|
| Baker Paul ChristopherOfficer — Chief Operating Officer | May 6, 2026 | Sell | 58,939 | $4.90 |
| Baker Paul ChristopherOfficer — Chief Operating Officer | May 5, 2026 | Sell | 1,041 | $4.90 |
| Baker Paul ChristopherOfficer — Chief Operating Officer | Apr 28, 2026 | Sell | 116,860 | $3.95 |
| Murray Michael AndrewOfficer — CEO | Apr 17, 2026 | Sell | 96,800 | $3.01 |
| Murray Michael AndrewOfficer — CEO | Apr 15, 2026 | Sell | 63,200 | $3.01 |
| Murray Michael AndrewOfficer — CEO | Apr 13, 2026 | Sell | 187,920 | $2.80 |
| Murray Michael AndrewOfficer — CEO | Mar 26, 2026 | Sell | 5,413 | $2.25 |
| Murray Michael AndrewOfficer — CEO | Mar 25, 2026 | Sell | 33,334 | $2.32 |
| Murray Michael AndrewOfficer — CEO | Jan 5, 2026 | Grant | 583,658 | $0.00 |
| Baker Paul ChristopherOfficer — Chief Operating Officer | Jan 5, 2026 | Grant | 72,000 | $0.00 |
| Sneider Richard | Dec 10, 2025 | Tax withholding | 20,606 | $2.66 |
| Murray Michael AndrewOfficer — CEO | Dec 10, 2025 | Tax withholding | 93,477 | $2.66 |
Headline trade per Form 4 (officers, directors, 10%+ owners). Buy/sell read from the filing's structured data — blank where a field isn't cleanly tagged.
Short interest
FINRA · bi-monthly| Settlement | Shares short | Days to cover | Δ vs prior |
|---|---|---|---|
| May 15, 2026 | 21.2M | 1.4 | +6.3% |
| Apr 30, 2026 | 19.9M | 2.1 | +19.3% |
| Apr 15, 2026 | 16.7M | 4.2 | -7.1% |
| Mar 31, 2026 | 18.0M | 5.6 | +5.9% |
| Mar 13, 2026 | 17.0M | 10.0 | +6.8% |
Shares sold short as reported to FINRA. Days-to-cover = short shares ÷ average daily volume — higher means more potential squeeze pressure.
Material events
SEC Form 8-K · most recent- Director / officer change · Shareholder voteMay 28, 2026
- Results of operationsMay 12, 2026
- Entered a material agreement · Regulation FD disclosureApr 29, 2026
- Results of operationsMar 27, 2026
- Director / officer changeJan 9, 2026
- Results of operationsNov 12, 2025
- Entered a material agreement · Unregistered equity sale · Amended charter or bylaws · Regulation FD disclosureOct 16, 2025
- Entered a material agreementOct 10, 2025
Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.
Recent SEC filings
All filings ↗Event-driven situations (1)
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