The 10-second takeaway
For the quarter ended March 31 (Q1), Kopin beat expectations on revenues and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue dropped significantly and GAAP earnings per share shrank to a loss.
Margins dropped across the board.
Kopin notched revenue of $25.2 million. The two analysts polled by S&P Capital IQ foresaw a top line of $24.6 million on the same basis. GAAP reported sales were 28% lower than the prior-year quarter's $34.9 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at -$0.02. The two earnings estimates compiled by S&P Capital IQ averaged -$0.01 per share. GAAP EPS were -$0.03 for Q1 compared to $0.03 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 31.1%, 610 basis points worse than the prior-year quarter. Operating margin was -9.4%, 1,610 basis points worse than the prior-year quarter. Net margin was -8.8%, 1,470 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $27.6 million. On the bottom line, the average EPS estimate is $0.01.
Next year's average estimate for revenue is $115.0 million. The average EPS estimate is $0.04.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 202 members out of 213 rating the stock outperform, and 11 members rating it underperform. Among 35 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 33 give Kopin a green thumbs-up, and two give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Kopin is hold, with an average price target of $3.50.
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Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.