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)Annual | Quarterly
| 6/30/2024 Q2 | 3/31/2024 Q1 | 12/31/2023 Q4 | 9/30/2023 Q3 | 6/30/2023 Q2 | 3/31/2023 Q1 | 12/31/2022 Q4 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments, including: | 21,800 | 17,403 | 21,210 | 25,670 | 29,610 | 12,648 | |||
| Cash and cash equivalents | 14,119 | 5,711 | 9,600 | 10,107 | 8,583 | 8,259 | |||
| Short-term investments | 6,941 | 11,692 | 11,610 | 15,563 | 21,027 | 4,389 | |||
| Other undisclosed cash, cash equivalents, and short-term investments | 740 | ||||||||
| Restricted cash and investments | 750 | 500 | 500 | ||||||
| Receivables | 6,802 | 9,706 | 7,118 | 6,171 | 5,613 | 6,538 | |||
| Inventory, net of allowances, customer advances and progress billings | 6,120 | 7,602 | 9,074 | 7,878 | 6,818 | 6,426 | |||
| Inventory | 6,120 | 7,602 | 9,074 | 7,878 | 6,818 | 6,426 | |||
| Prepaid expense | 87 | 86 | 105 | 176 | 127 | 105 | |||
| Contract with customer, asset, after allowance for credit loss | 5,687 | 3,410 | 5,882 | 4,108 | 3,043 | 4,068 | |||
| Other undisclosed current assets | 743 | 1,125 | 1,478 | 1,918 | 1,585 | 1,075 | |||
| Total current assets: | 41,989 | 39,831 | 45,368 | 45,921 | 46,796 | 30,861 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 2,328 | 2,505 | 2,670 | 2,848 | 3,006 | 3,169 | |||
| Property, plant and equipment | 2,213 | 2,163 | 1,795 | 1,800 | 1,826 | 1,832 | |||
| Long-term investments and receivables | 4,612 | 4,689 | 4,603 | 4,626 | 7,728 | 7,721 | |||
| Long-term investments | 4,612 | 4,689 | 4,603 | 4,626 | 7,728 | 7,721 | |||
| Other noncurrent assets | 125 | 125 | 169 | 169 | 169 | 170 | |||
| Total noncurrent assets: | 9,277 | 9,482 | 9,237 | 9,443 | 12,729 | 12,891 | |||
| TOTAL ASSETS: | 51,266 | 49,312 | 54,605 | 55,364 | 59,525 | 43,752 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 15,023 | 13,431 | 13,621 | 13,017 | 9,690 | 12,256 | |||
| Accounts payable | 8,994 | 7,077 | 7,187 | 6,507 | 3,836 | 5,439 | |||
| Accrued liabilities | 6,029 | 6,354 | 6,434 | 6,510 | 5,853 | 6,817 | |||
| Deferred revenue | 886 | 917 | 668 | 555 | 719 | 931 | |||
| Estimated litigation liability | 24,800 | ||||||||
| Other undisclosed current liabilities | 1,801 | 1,531 | 1,773 | 1,338 | 1,344 | 1,270 | |||
| Total current liabilities: | 42,510 | 15,878 | 16,062 | 14,910 | 11,752 | 14,457 | |||
| Noncurrent Liabilities | |||||||||
| Liabilities, other than long-term debt | 3,546 | 3,628 | 3,690 | 3,840 | 3,999 | 4,201 | |||
| Deferred revenue | 10 | 23 | 23 | 6 | 6 | 6 | |||
| Asset retirement obligations | 362 | 278 | 267 | 260 | 253 | 248 | |||
| Other liabilities | 1,494 | 1,494 | 1,391 | 1,391 | 1,361 | 1,370 | |||
| Operating lease, liability | 1,680 | 1,833 | 2,008 | 2,183 | 2,378 | 2,577 | |||
| Other undisclosed noncurrent liabilities | 270 | 297 | 484 | 689 | 876 | 1,104 | |||
| Total noncurrent liabilities: | 3,816 | 3,925 | 4,174 | 4,529 | 4,875 | 5,305 | |||
| Total liabilities: | 46,326 | 19,803 | 20,236 | 19,438 | 16,627 | 19,762 | |||
| Equity | |||||||||
| Equity, attributable to parent | 4,940 | 29,509 | 34,370 | 35,926 | 42,897 | 24,163 | |||
| Common stock | 1,154 | 1,123 | 1,105 | 1,104 | 1,100 | 930 | |||
| Treasury stock, value | (103) | (103) | (103) | (103) | (103) | (103) | |||
| Additional paid in capital | 393,358 | 385,412 | 383,899 | 382,941 | 381,754 | 360,568 | |||
| Accumulated other comprehensive income | 1,234 | 1,232 | 1,136 | 1,200 | 1,182 | 1,176 | |||
| Accumulated deficit | (390,703) | (358,155) | (351,666) | (349,216) | (341,035) | (338,407) | |||
| Equity, attributable to noncontrolling interest | (173) | ||||||||
| Total equity: | 4,940 | 29,509 | 34,370 | 35,926 | 42,897 | 23,991 | |||
| TOTAL LIABILITIES AND EQUITY: | 51,266 | 49,312 | 54,605 | 55,364 | 59,525 | 43,752 | |||
Income Statement (P&L) ($ in thousands)Annual | Quarterly
| 6/30/2024 Q2 | 3/31/2024 Q1 | 12/31/2023 Q4 | 9/30/2023 Q3 | 6/30/2023 Q2 | 3/31/2023 Q1 | 12/31/2022 Q4 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 207 | 130 | 485 | 799 | 474 | 12,184 | ||
| Net investment income | 173 | 206 | 300 | 223 | 102 | 36 | ||
| Cost of revenue (Cost of Goods and Services Sold) | (851) | (292) | (408) | |||||
| Gross profit: | 207 | (721) | 485 | 799 | 181 | 11,776 | ||
| Operating expenses | (42,674) | (15,365) | (13,326) | (15,295) | (13,584) | (18,408) | ||
| Other undisclosed operating income | 9,825 | 9,299 | 10,113 | 9,661 | 10,577 | 408 | ||
| Operating loss: | (32,642) | (6,788) | (2,728) | (4,836) | (2,826) | (6,223) | ||
| Nonoperating income (expense) | 93 | 338 | 317 | (3,306) | 237 | 102 | ||
| Investment income, nonoperating | (3,327) | |||||||
| Gain (loss), foreign currency transaction, before tax | (14) | (237) | 227 | |||||
| Other nonoperating income (expense) | (0) | 141 | 32 | 36 | 37 | 162 | ||
| Loss from continuing operations before income taxes: | (32,548) | (6,450) | (2,411) | (8,141) | (2,590) | (6,121) | ||
| Income tax expense | (39) | (39) | (39) | (39) | (144) | |||
| Loss from continuing operations: | (32,548) | (6,489) | (2,450) | (8,180) | (2,629) | (6,265) | ||
| Other undisclosed net income | 108 | |||||||
| Net loss: | (32,548) | (6,489) | (2,450) | (8,180) | (2,629) | (6,157) | ||
| Net income attributable to noncontrolling interest | 0 | |||||||
| Net loss available to common stockholders, diluted: | (32,548) | (6,489) | (2,450) | (8,180) | (2,629) | (6,157) | ||
Comprehensive Income ($ in thousands)Annual | Quarterly
| 6/30/2024 Q2 | 3/31/2024 Q1 | 12/31/2023 Q4 | 9/30/2023 Q3 | 6/30/2023 Q2 | 3/31/2023 Q1 | 12/31/2022 Q4 | ||
|---|---|---|---|---|---|---|---|---|
| Net loss: | (32,548) | (6,489) | (2,450) | (8,180) | (2,629) | (6,157) | ||
| Other comprehensive income (loss) | 2 | 97 | (64) | 18 | 6 | 145 | ||
| Comprehensive loss: | (32,546) | (6,392) | (2,515) | (8,163) | (2,622) | (6,012) | ||
| Comprehensive income, net of tax, attributable to noncontrolling interest | 0 | |||||||
| Comprehensive loss, net of tax, attributable to parent: | (32,546) | (6,392) | (2,515) | (8,163) | (2,622) | (6,012) | ||
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.