Kopin Corporation (KOPN) financial statements (2022 and earlier)

Company profile

Business Address 125 NORTH DRIVE
WESTBOROUGH, MA 01581
State of Incorp. DE
Fiscal Year End December 31
SIC 3674 - Semiconductors and Related Devices (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments29,29520,74921,78237,24468,75677,198
Cash and cash equivalents26,78817,1136,02914,32624,84815,822
Short-term investments2,5083,63615,75322,91843,90761,375
Receivables12,1139,2616,0233,0883,9551,804
Inventory, net of allowances, customer advances and progress billings6,5814,4563,7694,7975,0813,302
Inventory6,5814,4563,7694,7975,0813,302
Prepaid expense161206104400264341
Costs in excess of billings70535
Other undisclosed current assets4,0574,7852,0863,874979714
Total current assets:52,20839,45633,76549,40479,73983,394
Noncurrent Assets
Operating lease, right-of-use asset3,8281,7802,754
Property, plant and equipment1,8891,6271,4732,5995,0772,976
Intangible assets, net (including goodwill) (2,500)(2,500)(2,169)2,664844
Goodwill   3311,780844
Intangible assets, net (excluding goodwill) (2,500)(2,500)(2,500)884 
Other noncurrent assets1711625171,6493,842618
Deferred tax assets, net546  
Other undisclosed noncurrent assets4,9127,0247,0377,519  
Total noncurrent assets:10,8008,0939,28210,14511,5834,438
TOTAL ASSETS:63,00847,54943,04759,54991,32287,832
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities9,6179,9028,9469,43210,6879,813
Accounts payable5,4845,6073,9983,9224,9194,355
Accrued liabilities1,7202,3172,7442,4732,7153,078
Employee-related liabilities2,4141,9782,2043,0381,6371,444
Taxes payable    1,417935
Deferred revenue  797
Debt  1,042   
Deferred tax liabilities5465202,571
Contract with customer, liability389
Other undisclosed current liabilities7,9166,980525 896982
Total current liabilities:17,53316,88311,31010,36712,10413,366
Noncurrent Liabilities
Long-term debt and lease obligation3,1088211,792   
Operating lease, liability3,1088211,792
Liabilities, other than long-term debt, including:2,7401,5471,0851,1981,195247
Deferred revenue and credits374 
Deferred revenue  7
Contract with customer, liability17
Asset retirement obligations289276268254270247
Other liabilities2,4511,270    
Other undisclosed liabilities, other than long-term debt  810926551 
Other undisclosed noncurrent liabilities  268271644 
Total noncurrent liabilities:5,8482,3683,1451,4691,839247
Total liabilities:23,38119,25114,45511,83613,94313,613
Stockholders' equity
Stockholders' equity attributable to parent39,79928,43528,60947,86278,09974,078
Common stock901880870785776766
Treasury stock, value(366)(9,794)(17,239)(17,239)(17,239)(42,742)
Additional paid in capital356,931341,513344,457334,491331,119328,525
Accumulated other comprehensive income1,4141,4841,7571,5553,5651,571
Accumulated deficit(319,081)(305,648)(301,237)(271,731)(240,122)(214,043)
Stockholders' equity attributable to noncontrolling interest(172)(137)(17)(149)(719)142
Total stockholders' equity:39,62728,29928,59247,71377,38074,220
TOTAL LIABILITIES AND EQUITY:63,00847,54943,04759,54991,32287,832

Income statement (P&L) ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Revenues45,66640,12829,51924,46527,84122,643
Revenue, net27,84122,643
Revenue from related parties4,4192,6785,7791,221
Cost of revenue(588)(21,398)(22,866)(20,972)(18,981)(18,601)
Cost of goods and services sold(588)(21,398)(20,902)(15,831)(18,118)(17,814)
Gross profit:45,07818,7306,6533,4938,8604,041
Operating expenses(59,441)(44,891)(33,033)(43,459)(39,158)(24,514)
Other undisclosed operating income58821,398    
Operating loss:(13,775)(4,763)(26,380)(39,967)(30,298)(20,473)
Nonoperating income (expense)436361(2,887)5,5141,955571
Investment income, nonoperating (29)544640776658
Foreign currency transaction gain, before tax139294    
Other nonoperating income (expense)266(35)226855247(449)
Loss from continuing operations before income taxes:(13,339)(4,402)(29,266)(34,452)(28,343)(19,901)
Income tax expense (benefit)(129)(129)108302,963(3,130)
Loss before gain (loss) on sale of properties:(13,468)(4,531)(29,158)(34,422)(25,380)(23,031)
Unusual or infrequent item, or both, net (gain) loss     (480)
Other undisclosed net income (loss)  (216)(60) 480
Net loss:(13,468)(4,531)(29,374)(34,482)(25,380)(23,031)
Net income (loss) attributable to noncontrolling interest35120(132)(51)140(403)
Net loss available to common stockholders, diluted:(13,433)(4,411)(29,506)(34,534)(25,240)(23,434)

Comprehensive Income ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Net loss:(13,468)(4,531)(29,374)(34,482)(25,380)(23,031)
Other comprehensive income (loss)(70)(273)203(2,128)2,064794
Other undisclosed comprehensive income    70 
Comprehensive loss:(13,538)(4,804)(29,172)(36,610)(23,247)(22,237)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest35120(132)6770(398)
Other undisclosed comprehensive loss, net of tax, attributable to parent    (139) 
Comprehensive loss, net of tax, attributable to parent:(13,503)(4,684)(29,304)(36,544)(23,316)(22,635)

Statements sources

The financial statements are based on the company's filings with the 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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