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
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments12,64829,29520,74921,78237,24468,756
Cash and cash equivalents8,25926,78817,1136,02914,32624,848
Short-term investments4,3892,5083,63615,75322,91843,907
Restricted cash and investments      
Receivables6,53812,1139,2616,0233,0883,955
Inventory, net of allowances, customer advances and progress billings6,4266,5814,4563,7694,7975,081
Inventory6,4266,5814,4563,7694,7975,081
Prepaid expense105161206104400264
Contract with customer, asset, after allowance for credit loss4,068    
Costs in excess of billings705
Other undisclosed current assets1,0754,0574,7852,0863,874979
Total current assets:30,86152,20839,45633,76549,40479,739
Noncurrent Assets
Operating lease, right-of-use asset3,1693,8281,7802,754
Property, plant and equipment1,8321,8891,6271,4732,5995,077
Long-term investments and receivables7,721     
Long-term investments7,721     
Intangible assets, net (including goodwill)   (2,500)(2,500)(2,169)2,664
Goodwill     3311,780
Intangible assets, net (excluding goodwill)   (2,500)(2,500)(2,500)884
Other noncurrent assets1701711625171,6493,842
Deferred tax assets, net546 
Other undisclosed noncurrent assets  4,9127,0247,0377,519 
Total noncurrent assets:12,89110,8008,0939,28210,14511,583
TOTAL ASSETS:43,75263,00847,54943,04759,54991,322
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities12,2569,6179,9028,9469,43210,687
Taxes payable    1,417
Employee-related liabilities2,4141,9782,2043,0381,637
Accounts payable5,4395,4845,6073,9983,9224,919
Accrued liabilities6,8171,7202,3172,7442,4732,715
Deferred revenue931  797
Debt    1,042  
Deferred tax liabilities546520
Contract with customer, liability389
Other undisclosed current liabilities1,2707,9166,980525 896
Total current liabilities:14,45717,53316,88311,31010,36712,104
Noncurrent Liabilities
Long-term debt and lease obligation:  3,1088211,792  
Liabilities, other than long-term debt, including:4,2012,7401,5471,0851,1981,195
Deferred revenue and credits374
Deferred revenue6  7
Contract with customer, liability17
Asset retirement obligations248289276268254270
Other liabilities1,3702,4511,270   
Operating lease, liability2,5773,1088211,792
Other undisclosed liabilities, other than long-term debt    810926551
Other undisclosed noncurrent liabilities1,104  268271644
Total noncurrent liabilities:5,3055,8482,3683,1451,4691,839
Total liabilities:19,76223,38119,25114,45511,83613,943
Equity
Equity, attributable to parent24,16339,79928,43528,60947,86278,099
Common stock930901880870785776
Treasury stock, value(103)(366)(9,794)(17,239)(17,239)(17,239)
Additional paid in capital360,568356,931341,513344,457334,491331,119
Accumulated other comprehensive income1,1761,4141,4841,7571,5553,565
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:23,99139,62728,29928,59247,71377,380
TOTAL LIABILITIES AND EQUITY:43,75263,00847,54943,04759,54991,322

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
Revenues47,40145,66640,12829,51924,46527,841
Revenue, net27,841
Revenue from related parties1,6654,4192,6785,7791,221
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:45,32245,07818,7306,6533,4938,860
Operating expenses(69,191)(59,441)(44,891)(33,033)(43,459)(39,158)
Other undisclosed operating income2,07958821,398   
Operating loss:(21,790)(13,775)(4,763)(26,380)(39,967)(30,298)
Nonoperating income (expense)2,608436361(2,887)5,5141,955
Investment income, nonoperating2,700 (29)544640776
Gain (loss), foreign currency transaction, before tax 139294   
Other nonoperating income (expense)154266(35)226855247
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)108302,963
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 interest035120(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
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 interest035120(132)6770
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.

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