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Side-by-side financial comparison of Assertio Holdings, Inc. (ASRT) and KOPIN CORP (KOPN). Click either name above to swap in a different company.

Assertio Holdings, Inc. is the larger business by last-quarter revenue ($13.5M vs $8.4M, roughly 1.6× KOPIN CORP). On growth, KOPIN CORP posted the faster year-over-year revenue change (-42.9% vs -57.9%). Over the past eight quarters, KOPIN CORP's revenue compounded faster (-8.7% CAGR vs -35.4%).

Assertio Therapeutics, Inc. is an American specialty pharmaceutical company. It mainly markets products for treatment in neurology, pain and diseases of the central nervous system. Depomed was founded in 1995 and is headquartered in Newark, California. It is a publicly traded company on NASDAQ, with several products approved by the United States Food and Drug Administration (FDA). On August 15, 2018, the company announced its name change from Depomed, Inc., to Assertio Therapeutics, Inc. As o...

The Kopin Corporation is a Westborough, Massachusetts-based electronics manufacturer, best known for its microdisplay devices and application specific optical solutions for defense, enterprise, medical and consumer mobile electronics.

ASRT vs KOPN — Head-to-Head

Bigger by revenue
ASRT
ASRT
1.6× larger
ASRT
$13.5M
$8.4M
KOPN
Growing faster (revenue YoY)
KOPN
KOPN
+15.0% gap
KOPN
-42.9%
-57.9%
ASRT
Faster 2-yr revenue CAGR
KOPN
KOPN
Annualised
KOPN
-8.7%
-35.4%
ASRT

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
ASRT
ASRT
KOPN
KOPN
Revenue
$13.5M
$8.4M
Net Profit
$6.8M
Gross Margin
Operating Margin
-86.7%
-60.0%
Net Margin
81.3%
Revenue YoY
-57.9%
-42.9%
Net Profit YoY
449.5%
EPS (diluted)
$-4.54
$0.04

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
ASRT
ASRT
KOPN
KOPN
Q4 25
$13.5M
$8.4M
Q3 25
$49.5M
$12.0M
Q2 25
$29.2M
$8.5M
Q1 25
$26.5M
$10.5M
Q4 24
$32.2M
$14.6M
Q3 24
$29.2M
$13.3M
Q2 24
$31.1M
$12.3M
Q1 24
$32.4M
$10.0M
Net Profit
ASRT
ASRT
KOPN
KOPN
Q4 25
$6.8M
Q3 25
$11.4M
$4.1M
Q2 25
$-16.4M
$-5.2M
Q1 25
$-13.5M
$-3.1M
Q4 24
$-1.9M
Q3 24
$-2.9M
$-3.5M
Q2 24
$-3.7M
$-5.9M
Q1 24
$-4.5M
$-32.5M
Operating Margin
ASRT
ASRT
KOPN
KOPN
Q4 25
-86.7%
-60.0%
Q3 25
23.2%
37.9%
Q2 25
-27.5%
-64.6%
Q1 25
-50.0%
-37.1%
Q4 24
-41.9%
-15.1%
Q3 24
-10.4%
-21.0%
Q2 24
-11.6%
-44.2%
Q1 24
-13.4%
-325.4%
Net Margin
ASRT
ASRT
KOPN
KOPN
Q4 25
81.3%
Q3 25
23.1%
34.1%
Q2 25
-56.0%
-61.1%
Q1 25
-51.1%
-29.5%
Q4 24
-13.3%
Q3 24
-10.0%
-26.0%
Q2 24
-11.8%
-48.0%
Q1 24
-13.9%
-324.4%
EPS (diluted)
ASRT
ASRT
KOPN
KOPN
Q4 25
$-4.54
$0.04
Q3 25
$0.11
$0.02
Q2 25
$-0.17
$-0.03
Q1 25
$-0.14
$-0.02
Q4 24
$-3.28
$0.02
Q3 24
$-0.03
$-0.03
Q2 24
$-0.04
$-0.05
Q1 24
$-0.05
$-0.27

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
ASRT
ASRT
KOPN
KOPN
Cash + ST InvestmentsLiquidity on hand
$63.4M
$36.4M
Total DebtLower is stronger
Stockholders' EquityBook value
$94.0M
$64.1M
Total Assets
$267.0M
$108.4M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
ASRT
ASRT
KOPN
KOPN
Q4 25
$63.4M
$36.4M
Q3 25
$93.4M
$26.5M
Q2 25
$98.2M
$26.8M
Q1 25
$87.3M
$31.5M
Q4 24
$100.1M
$35.6M
Q3 24
$88.6M
$36.2M
Q2 24
$88.4M
$17.6M
Q1 24
$80.7M
$21.1M
Total Debt
ASRT
ASRT
KOPN
KOPN
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
$38.6M
Stockholders' Equity
ASRT
ASRT
KOPN
KOPN
Q4 25
$94.0M
$64.1M
Q3 25
$105.8M
$21.3M
Q2 25
$93.3M
$16.0M
Q1 25
$108.5M
$20.7M
Q4 24
$121.1M
$23.3M
Q3 24
$130.5M
$22.7M
Q2 24
$132.2M
$-216.3K
Q1 24
$134.5M
$4.9M
Total Assets
ASRT
ASRT
KOPN
KOPN
Q4 25
$267.0M
$108.4M
Q3 25
$319.8M
$61.2M
Q2 25
$273.8M
$61.2M
Q1 25
$286.4M
$65.0M
Q4 24
$284.7M
$70.8M
Q3 24
$276.0M
$70.6M
Q2 24
$279.4M
$49.0M
Q1 24
$282.0M
$51.3M
Debt / Equity
ASRT
ASRT
KOPN
KOPN
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
0.29×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
ASRT
ASRT
KOPN
KOPN
Operating Cash FlowLast quarter
$-30.0M
$-7.9M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
-1.15×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
ASRT
ASRT
KOPN
KOPN
Q4 25
$-30.0M
$-7.9M
Q3 25
$-4.8M
$-110.4K
Q2 25
$19.1M
$-4.2M
Q1 25
$-12.5M
$-3.4M
Q4 24
$11.5M
$-1.6M
Q3 24
$-35.0K
$-6.5M
Q2 24
$7.4M
$-3.1M
Q1 24
$7.5M
$-3.1M
Free Cash Flow
ASRT
ASRT
KOPN
KOPN
Q4 25
Q3 25
Q2 25
$-4.9M
Q1 25
$-3.9M
Q4 24
$-2.1M
Q3 24
$-6.5M
Q2 24
$-3.1M
Q1 24
$-3.4M
FCF Margin
ASRT
ASRT
KOPN
KOPN
Q4 25
Q3 25
Q2 25
-57.9%
Q1 25
-37.1%
Q4 24
-14.2%
Q3 24
-48.6%
Q2 24
-25.5%
Q1 24
-33.4%
Capex Intensity
ASRT
ASRT
KOPN
KOPN
Q4 25
Q3 25
Q2 25
8.7%
Q1 25
4.7%
Q4 24
3.4%
Q3 24
0.0%
0.1%
Q2 24
0.5%
Q1 24
2.4%
Cash Conversion
ASRT
ASRT
KOPN
KOPN
Q4 25
-1.15×
Q3 25
-0.42×
-0.03×
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

ASRT
ASRT

Products$12.8M95%
Other$719.0K5%

KOPN
KOPN

Net Product Revenues$5.6M67%
Other$2.7M33%

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