Kopin Corporation (KOPN) financial statements (2021 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 millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments223769778191
Cash and cash equivalents61425162015
Short-term investments162344616176
Receivables634224
Inventory, net of allowances, customer advances and progress billings455334
Inventory455334
Prepaid expense000000
Costs in excess of billings1000
Other undisclosed current assets2411161
Total current assets:34498083101100
Noncurrent Assets
Operating lease, right-of-use asset3
Property, plant and equipment135335
Intangible assets, net (including goodwill)(3)(2)3112
Goodwill 02111
Intangible assets, net (excluding goodwill)(3)(3)1  1
Other noncurrent assets124102
Deferred tax assets, net1    
Other undisclosed noncurrent assets78  115
Total noncurrent assets:910124523
TOTAL ASSETS:43609188106123
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities991110911
Accounts payable445446
Accrued liabilities323334
Employee-related liabilities232122
Taxes payable  11  
Deferred revenue1
Debt1     
Deferred tax liabilities11311
Contract with customer, liability0
Other undisclosed current liabilities1 1111
Total current liabilities:111012131113
Noncurrent Liabilities
Long-term debt and lease obligation2     
Operating lease, liability2
Liabilities, other than long-term debt, including:111000
Deferred revenue and credits0   
Deferred revenue0
Contract with customer, liability0
Asset retirement obligations000000
Other undisclosed liabilities, other than long-term debt111   
Other undisclosed noncurrent liabilities001   
Total noncurrent liabilities:312000
Total liabilities:141214141214
Stockholders' equity
Stockholders' equity attributable to parent2948787495110
Common stock111111
Treasury stock, value(17)(17)(17)(43)(43)(43)
Additional paid in capital344334331329327325
Accumulated other comprehensive income224213
Accumulated deficit(301)(272)(240)(214)(191)(176)
Stockholders' equity attributable to noncontrolling interest(0)(0)(1)0(0)(0)
Total stockholders' equity:2948777494109
TOTAL LIABILITIES AND EQUITY:43609188106123

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues302428233232
Revenue, net28233232
Revenue from related parties61
Cost of revenue(23)(21)(19)(19)(22)(20)
Cost of goods and services sold(21)(16)(18)(18)(22)(20)
Gross profit:73941012
Operating expenses(33)(43)(39)(25)(35)(40)
Operating loss:(26)(40)(30)(20)(25)(28)
Nonoperating income (expense)(3)621110
Investment income, nonoperating111111
Foreign currency transaction gain, before tax     0
Other nonoperating income (expense)010(0)00
Loss from continuing operations before equity method investments, income taxes:(29)(34)(28)(20)(15)(28)
Loss from equity method investments    (0)(0)
Loss from continuing operations before income taxes:(29)(34)(28)(20)(15)(29)
Income tax expense (benefit)003(3)00
Loss before gain (loss) on sale of properties:(29)(34)(25)(23)(15)(29)
Unusual or infrequent item, or both, net (gain) loss   (0)
Other undisclosed net income (loss)(0)(0) 0  
Net loss:(29)(34)(25)(23)(15)(29)
Net income (loss) attributable to noncontrolling interest(0)(0)0(0)00
Net loss available to common stockholders, diluted:(30)(35)(25)(23)(15)(28)

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net loss:(29)(34)(25)(23)(15)(29)
Other comprehensive income (loss)0(2)21(2)(0)
Other undisclosed comprehensive income  0   
Comprehensive loss:(29)(37)(23)(22)(17)(29)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(0)00(0)(0)1
Other undisclosed comprehensive loss, net of tax, attributable to parent  (0)   
Comprehensive loss, net of tax, attributable to parent:(29)(37)(23)(23)(17)(29)

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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