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)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments212237697781
Cash and cash equivalents17614251620
Short-term investments41623446161
Receivables963422
Inventory, net of allowances, customer advances and progress billings445533
Inventory445533
Prepaid expense000000
Costs in excess of billings100
Other undisclosed current assets5241116
Total current assets:3934498083101
Noncurrent Assets
Operating lease, right-of-use asset23
Property, plant and equipment213533
Intangible assets, net (including goodwill)(3)(3)(2)311
Goodwill  0211
Intangible assets, net (excluding goodwill)(3)(3)(3)1  
Other noncurrent assets012410
Deferred tax assets, net1   
Other undisclosed noncurrent assets778  1
Total noncurrent assets:89101245
TOTAL ASSETS:4843609188106
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities109911109
Accounts payable644544
Accrued liabilities232333
Employee-related liabilities223212
Taxes payable   11 
Deferred revenue 1
Debt 1    
Deferred tax liabilities1131
Contract with customer, liability0
Other undisclosed current liabilities71 111
Total current liabilities:171110121311
Noncurrent Liabilities
Long-term debt and lease obligation12    
Operating lease, liability12
Liabilities, other than long-term debt, including:211100
Deferred revenue and credits0  
Deferred revenue 0
Contract with customer, liability0
Asset retirement obligations000000
Other liabilities1     
Other undisclosed liabilities, other than long-term debt 111  
Other undisclosed noncurrent liabilities 001  
Total noncurrent liabilities:231200
Total liabilities:191412141412
Stockholders' equity
Stockholders' equity attributable to parent282948787495
Common stock111111
Treasury stock, value(10)(17)(17)(17)(43)(43)
Additional paid in capital342344334331329327
Accumulated other comprehensive income122421
Accumulated deficit(306)(301)(272)(240)(214)(191)
Stockholders' equity attributable to noncontrolling interest(0)(0)(0)(1)0(0)
Total stockholders' equity:282948777494
TOTAL LIABILITIES AND EQUITY:4843609188106

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues403024282332
Revenue, net282332
Revenue from related parties361
Cost of revenue(21)(23)(21)(19)(19)(22)
Cost of goods and services sold(21)(21)(16)(18)(18)(22)
Gross profit:19739410
Operating expenses(45)(33)(43)(39)(25)(35)
Other undisclosed operating income21     
Operating loss:(5)(26)(40)(30)(20)(25)
Nonoperating income (expense)0(3)62111
Investment income, nonoperating(0)11111
Foreign currency transaction gain, before tax0     
Other nonoperating income (expense)(0)010(0)0
Loss from continuing operations before equity method investments, income taxes:(4)(29)(34)(28)(20)(15)
Loss from equity method investments     (0)
Loss from continuing operations before income taxes:(4)(29)(34)(28)(20)(15)
Income tax expense (benefit)(0)003(3)0
Loss before gain (loss) on sale of properties:(5)(29)(34)(25)(23)(15)
Unusual or infrequent item, or both, net (gain) loss    (0)
Other undisclosed net income (loss) (0)(0) 0 
Net loss:(5)(29)(34)(25)(23)(15)
Net income (loss) attributable to noncontrolling interest0(0)(0)0(0)0
Net loss available to common stockholders, diluted:(4)(30)(35)(25)(23)(15)

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net loss:(5)(29)(34)(25)(23)(15)
Other comprehensive income (loss)(0)0(2)21(2)
Other undisclosed comprehensive income   0  
Comprehensive loss:(5)(29)(37)(23)(22)(17)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest0(0)00(0)(0)
Other undisclosed comprehensive loss, net of tax, attributable to parent   (0)  
Comprehensive loss, net of tax, attributable to parent:(5)(29)(37)(23)(23)(17)

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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