Kopin Corporation (KOPN) Financial Statements (2024 and earlier)
Company Profile
Business Address |
125 NORTH DRIVE WESTBOROUGH, MA 01581 |
State of Incorp. | DE |
Fiscal Year End | December 31 |
Industry (SIC) | 3674 - Semiconductors and Related Devices (benchmarking) |
More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
9/30/2023 MRQ | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | |||
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ASSETS | |||||||||
Current Assets | |||||||||
Cash, cash equivalents, and short-term investments | 12,648 | 29,295 | 20,749 | 21,782 | 37,244 | 68,756 | |||
Cash and cash equivalents | 8,259 | 26,788 | 17,113 | 6,029 | 14,326 | 24,848 | |||
Short-term investments | 4,389 | 2,508 | 3,636 | 15,753 | 22,918 | 43,907 | |||
Restricted cash and investments | |||||||||
Receivables | 6,538 | 12,113 | 9,261 | 6,023 | 3,088 | 3,955 | |||
Inventory, net of allowances, customer advances and progress billings | 6,426 | 6,581 | 4,456 | 3,769 | 4,797 | 5,081 | |||
Inventory | 6,426 | 6,581 | 4,456 | 3,769 | 4,797 | 5,081 | |||
Prepaid expense | 105 | 161 | 206 | 104 | 400 | 264 | |||
Contract with customer, asset, after allowance for credit loss | 4,068 | ✕ | |||||||
Costs in excess of billings | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 705 | ||
Other undisclosed current assets | 1,075 | 4,057 | 4,785 | 2,086 | 3,874 | 979 | |||
Total current assets: | 30,861 | 52,208 | 39,456 | 33,765 | 49,404 | 79,739 | |||
Noncurrent Assets | |||||||||
Operating lease, right-of-use asset | 3,169 | 3,828 | 1,780 | 2,754 | ✕ | ✕ | |||
Property, plant and equipment | 1,832 | 1,889 | 1,627 | 1,473 | 2,599 | 5,077 | |||
Long-term investments and receivables | 7,721 | ||||||||
Long-term investments | 7,721 | ||||||||
Intangible assets, net (including goodwill) | (2,500) | (2,500) | (2,169) | 2,664 | |||||
Goodwill | 331 | 1,780 | |||||||
Intangible assets, net (excluding goodwill) | (2,500) | (2,500) | (2,500) | 884 | |||||
Other noncurrent assets | 170 | 171 | 162 | 517 | 1,649 | 3,842 | |||
Deferred tax assets, net | ✕ | ✕ | ✕ | ✕ | ✕ | 546 | |||
Other undisclosed noncurrent assets | 4,912 | 7,024 | 7,037 | 7,519 | |||||
Total noncurrent assets: | 12,891 | 10,800 | 8,093 | 9,282 | 10,145 | 11,583 | |||
TOTAL ASSETS: | 43,752 | 63,008 | 47,549 | 43,047 | 59,549 | 91,322 | |||
LIABILITIES AND EQUITY | |||||||||
Liabilities | |||||||||
Current Liabilities | |||||||||
Accounts payable and accrued liabilities | 12,256 | 9,617 | 9,902 | 8,946 | 9,432 | 10,687 | |||
Taxes payable | ✕ | ✕ | 1,417 | ||||||
Employee-related liabilities | ✕ | ✕ | 2,414 | 1,978 | 2,204 | 3,038 | 1,637 | ||
Accounts payable | 5,439 | 5,484 | 5,607 | 3,998 | 3,922 | 4,919 | |||
Accrued liabilities | 6,817 | 1,720 | 2,317 | 2,744 | 2,473 | 2,715 | |||
Deferred revenue | 931 | 797 | ✕ | ✕ | |||||
Debt | 1,042 | ||||||||
Deferred tax liabilities | ✕ | ✕ | ✕ | ✕ | ✕ | 546 | 520 | ||
Contract with customer, liability | ✕ | ✕ | ✕ | ✕ | ✕ | 389 | ✕ | ||
Other undisclosed current liabilities | 1,270 | 7,916 | 6,980 | 525 | 896 | ||||
Total current liabilities: | 14,457 | 17,533 | 16,883 | 11,310 | 10,367 | 12,104 | |||
Noncurrent Liabilities | |||||||||
Long-term debt and lease obligation: | 3,108 | 821 | 1,792 | ||||||
Liabilities, other than long-term debt, including: | 4,201 | 2,740 | 1,547 | 1,085 | 1,198 | 1,195 | |||
Deferred revenue and credits | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 374 | ||
Deferred revenue | 6 | 7 | ✕ | ✕ | |||||
Contract with customer, liability | ✕ | ✕ | ✕ | ✕ | ✕ | 17 | ✕ | ||
Asset retirement obligations | 248 | 289 | 276 | 268 | 254 | 270 | |||
Other liabilities | 1,370 | 2,451 | 1,270 | ||||||
Operating lease, liability | 2,577 | 3,108 | 821 | 1,792 | ✕ | ✕ | |||
Other undisclosed liabilities, other than long-term debt | 810 | 926 | 551 | ||||||
Other undisclosed noncurrent liabilities | 1,104 | 268 | 271 | 644 | |||||
Total noncurrent liabilities: | 5,305 | 5,848 | 2,368 | 3,145 | 1,469 | 1,839 | |||
Total liabilities: | 19,762 | 23,381 | 19,251 | 14,455 | 11,836 | 13,943 | |||
Equity | |||||||||
Equity, attributable to parent | 24,163 | 39,799 | 28,435 | 28,609 | 47,862 | 78,099 | |||
Common stock | 930 | 901 | 880 | 870 | 785 | 776 | |||
Treasury stock, value | (103) | (366) | (9,794) | (17,239) | (17,239) | (17,239) | |||
Additional paid in capital | 360,568 | 356,931 | 341,513 | 344,457 | 334,491 | 331,119 | |||
Accumulated other comprehensive income | 1,176 | 1,414 | 1,484 | 1,757 | 1,555 | 3,565 | |||
Accumulated deficit | (338,407) | (319,081) | (305,648) | (301,237) | (271,731) | (240,122) | |||
Equity, attributable to noncontrolling interest | (173) | (172) | (137) | (17) | (149) | (719) | |||
Total equity: | 23,991 | 39,627 | 28,299 | 28,592 | 47,713 | 77,380 | |||
TOTAL LIABILITIES AND EQUITY: | 43,752 | 63,008 | 47,549 | 43,047 | 59,549 | 91,322 |
Income Statement (P&L) ($ in thousands)
9/30/2023 TTM | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | ||
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Revenues | 47,401 | 45,666 | 40,128 | 29,519 | 24,465 | 27,841 | ||
Revenue, net | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 27,841 | |
Revenue from related parties | 1,665 | 4,419 | 2,678 | 5,779 | 1,221 | ✕ | ||
Cost of revenue | (2,079) | (588) | (21,398) | (22,866) | (20,972) | (18,981) | ||
Cost of goods and services sold | (2,079) | (588) | (21,398) | (20,902) | (15,831) | (18,118) | ||
Gross profit: | 45,322 | 45,078 | 18,730 | 6,653 | 3,493 | 8,860 | ||
Operating expenses | (69,191) | (59,441) | (44,891) | (33,033) | (43,459) | (39,158) | ||
Other undisclosed operating income | 2,079 | 588 | 21,398 | |||||
Operating loss: | (21,790) | (13,775) | (4,763) | (26,380) | (39,967) | (30,298) | ||
Nonoperating income (expense) | 2,608 | 436 | 361 | (2,887) | 5,514 | 1,955 | ||
Investment income, nonoperating | 2,700 | (29) | 544 | 640 | 776 | |||
Gain (loss), foreign currency transaction, before tax | 139 | 294 | ||||||
Other nonoperating income (expense) | 154 | 266 | (35) | 226 | 855 | 247 | ||
Loss from continuing operations before income taxes: | (19,182) | (13,339) | (4,402) | (29,266) | (34,452) | (28,343) | ||
Income tax expense (benefit) | (144) | (129) | (129) | 108 | 30 | 2,963 | ||
Loss from continuing operations: | (19,326) | (13,468) | (4,531) | (29,158) | (34,422) | (25,380) | ||
Loss before gain (loss) on sale of properties: | ✕ | ✕ | (13,468) | (4,531) | (29,158) | (34,422) | (25,380) | |
Other undisclosed net income (loss) | (216) | (60) | ||||||
Net loss: | (19,326) | (13,468) | (4,531) | (29,374) | (34,482) | (25,380) | ||
Net income (loss) attributable to noncontrolling interest | 0 | 35 | 120 | (132) | (51) | 140 | ||
Net loss available to common stockholders, diluted: | (19,326) | (13,433) | (4,411) | (29,506) | (34,534) | (25,240) |
Comprehensive Income ($ in thousands)
9/30/2023 TTM | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | ||
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Net loss: | (19,326) | (13,468) | (4,531) | (29,374) | (34,482) | (25,380) | ||
Other comprehensive income (loss) | (238) | (70) | (273) | 203 | (2,128) | 2,064 | ||
Other undisclosed comprehensive income | 70 | |||||||
Comprehensive loss: | (19,565) | (13,538) | (4,804) | (29,172) | (36,610) | (23,247) | ||
Comprehensive income (loss), net of tax, attributable to noncontrolling interest | 0 | 35 | 120 | (132) | 67 | 70 | ||
Other undisclosed comprehensive loss, net of tax, attributable to parent | (139) | |||||||
Comprehensive loss, net of tax, attributable to parent: | (19,564) | (13,503) | (4,684) | (29,304) | (36,544) | (23,316) |
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.