UPDATE: H.C. Wainwright Starts Kopin Corp (KOPN) at Buy
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(updated to add analyst comments)
H.C. Wainwright analyst Kevin Dede initiates coverage on Kopin Corp (NASDAQ: KOPN) with a Buy rating and a price target of $2.00.
The analyst commented, "We are initiating coverage of Kopin Corporation with a Buy rating given the company's unique station as a U.S.-based visual digital system module provider, a grand step of critical technology integration above the other microdisplay-centric technology companies in our coverage universe. While resolution, size, and power consumption specification consideration drive improvements in microdisplays, fully functioning use of those displays remains dependent on the entire system: display output and optics capability in concert, delivering unparalleled visual clarity above analog—think thermal-based scopes that penetrate solid structure or detect footprints in pitch dark long after they were made, or super magnification overlaid with relevant situational data that standard telescopes or binoculars could never offer—in applications far beyond those in the military world, such as: ophthalmic surgery, semiconductor inspection (3D metrology), visual enhancement in firefighter breathing apparatus helmets, and a host of other emerging use cases riding to the forefront in both consumer and commercial markets. We see Kopin's position unique in the microdisplay industry, and therefore highly investable because: (1) development of leading visual system technologies fully integrated into customer-ready modules; (2) functional capacity to deliver multiple display technology types (AMLCD, LCOS, OLED) where particular tech performance optimizes design specifications; (3) differentiation in providing integrated optics in maximizing full system gain; (4) strong relationships with leading customers both in the military and commercial sectors; and (5) place holding wins in wearable, display enhanced technologies through companies such as 3M Scott, Solos, Vuzix, and RealWear among others."
Shares of Kopin Corp closed at $1.37 yesterday.
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