Kopin Corp. (KOPN), a company dealing with electronics manufacturing saw bearishness in its share price on Tuesday. KOPN stock was standing at $5.40, a decrease of 18.55%. Currently, in the premarket, the stock is losing its price further, as evident from a decrease of 0.37% decrease in share price. The company’s shares are changing hands at $5.38.
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Q2 financial results
Yesterday, the company announced the financial results for Q2 of 2021. According to those, the company has generated revenue of $9.9 million, an increase of 12% when compared with the revenue company generated during the same quarter in 2020. The primary reason for that decrease was the lower efficiency as far as manufacturing is concerned due to hurdles created by the pandemic. Also, the company stated the quarterly loss per share of $0.02. After the announcement of these results, KOPN stock started to tumble, as the company failed to meet the estimates of analysts. The effects are still seen via the declining trend in share price.
Reliance over innovation
On the 15th of July, Kopin Corp. announced to have entered into an agreement with a Japanese electronics company for the production of 2K x 2K full color LED micro-displays on silicon. The production of these LED micro-displays would make Kopi Corp. the only company to provide LCD, LCOS, OLED, and LED micro-displays on Silicon. According to the agreement, Kopin will produce silicon wafers, while its partners would take the responsibility for the bonding as well as the color conversion process. Similarly, on the 22nd of June, the company announced to have produced the world’s first ultrahigh-brightness HDR organic LED (OLED) micro-display on silicon.
Q1 financial results
During early May, Kopin Corp. announced the financial results for Q1 2021. The results depicted that company has brought in a revenue of $7.9 during the quarter. The results an increase of 48% Year on Year basis, as the company, earned $7.9 million during the same quarter of 2020. Also, the company posted a quarterly loss per share of $0.02.
Impact of pandemic
COVID pandemic had a severe impact upon the business of Kopin Corp. The disruptions in the supply chain were the primary reason for that negative effect upon the business of the company. But, with the effects of pandemic subsiding now, the company’s business is regaining its lost momentum back, with a never before seen zeal. The demand of electronics is increasing, due to work conditions. This in turn is improving the business markers of the company.
Future outlook for Kopin Corp.
Looking ahead, the future seems truly burgeoning for the company. The increased reliance of people on electronic products is generating for company handsome revenue for the company. The company would keep this trend afloat in the future as well, in a more fervent manner. As far as KOPN stock performance is concerned, due to volatility within the market, the long-term investors often get tested, but at the end of the day, they remain in benefit.
