WESTBOROUGH, Mass. – Kopin Corporation (NASDAQ:), a developer of high-performance microdisplays, has secured a third production order for its Organic Light Emitting Diode (OLED) microdisplays, to be used in thermal imaging systems for the Indian Armed Forces. The order, consisting of over 1,200 units, is scheduled for delivery over the next six months.
The company’s OLED microdisplays are recognized for their compact size and energy efficiency, which are particularly beneficial for portable, battery-operated thermal imaging devices. The high-resolution displays are designed to enhance situational awareness and performance for users in the field.
Bill Maffucci, Kopin’s Senior Vice President of Business Development and Strategy, expressed satisfaction with the company’s expanding international presence, particularly in the thermal imaging market. “The selection of Kopin display products for this application is a testament to the high performance, quality and reliability of our OLED products and our commitment to on-time and in-full deliveries,” Maffucci said.
Kopin is known for its range of display technologies, including Active-Matrix Liquid Crystal Displays (AMLCD), Liquid Crystal on Silicon (LCOS) displays, and OLED displays, along with various optics and low-power ASICs. These products are sold as critical components and subassemblies across multiple industries, including defense, industrial, and consumer sectors.
The company’s press release includes forward-looking statements that involve certain risks and uncertainties, cautioning readers that these statements are not guarantees of future performance. Kopin’s actual results may differ due to a variety of factors.
InvestingPro Insights
In light of Kopin Corporation’s (NASDAQ:KOPN) recent contract securing a production order for its OLED microdisplays, insights from InvestingPro paint a broader financial picture of the company. Despite the positive news, the company’s financial metrics indicate challenges. Kopin holds a market capitalization of approximately $93.9 million, which is relatively small, suggesting a higher risk profile for investors. The firm’s revenue for the last twelve months as of Q4 2023 stood at $40.39 million, with a concerning decline of 14.78% compared to the previous year.
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Investors should note that the stock’s price has experienced significant volatility, with a price total return over the last three months of -59.39%. Moreover, the company has been grappling with weak gross profit margins, which were reported at 20.46% for the same period. This could be indicative of cost pressures or pricing challenges in the industry. With an operating income margin of -42.52%, Kopin is facing operational difficulties, which is further reflected in the company’s negative return on assets of -42.44%.
Two InvestingPro Tips for potential investors considering Kopin are noteworthy: the company currently holds more cash than debt on its balance sheet, which is a positive sign of liquidity. However, it is also important to be aware that Kopin is quickly burning through its cash reserves. Interested investors can find additional insights and metrics on Kopin Corporation at InvestingPro, and can use coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription. There are 15 more InvestingPro Tips available that could further inform investment decisions.
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