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

Avidity Biosciences, Inc. is the larger business by last-quarter revenue ($12.5M vs $8.4M, roughly 1.5× KOPIN CORP). KOPIN CORP runs the higher net margin — 81.3% vs -1398.3%, a 1479.7% gap on every dollar of revenue. On growth, Avidity Biosciences, Inc. posted the faster year-over-year revenue change (434.0% vs -42.9%). Over the past eight quarters, Avidity Biosciences, Inc.'s revenue compounded faster (138.5% CAGR vs -8.7%).

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.

Eli Lilly and Company, doing business as Lilly, is an American multinational pharmaceutical company headquartered in Indianapolis, Indiana, with offices in 18 countries. Its products are sold in approximately 125 countries. The company was founded in 1876 by Eli Lilly, a pharmaceutical chemist and Union army veteran during the American Civil War for whom the company was later named.

KOPN vs RNA — Head-to-Head

Bigger by revenue
RNA
RNA
1.5× larger
RNA
$12.5M
$8.4M
KOPN
Growing faster (revenue YoY)
RNA
RNA
+476.9% gap
RNA
434.0%
-42.9%
KOPN
Higher net margin
KOPN
KOPN
1479.7% more per $
KOPN
81.3%
-1398.3%
RNA
Faster 2-yr revenue CAGR
RNA
RNA
Annualised
RNA
138.5%
-8.7%
KOPN

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
KOPN
KOPN
RNA
RNA
Revenue
$8.4M
$12.5M
Net Profit
$6.8M
$-174.4M
Gross Margin
Operating Margin
-60.0%
-1513.5%
Net Margin
81.3%
-1398.3%
Revenue YoY
-42.9%
434.0%
Net Profit YoY
449.5%
-117.0%
EPS (diluted)
$0.04
$-1.27

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
KOPN
KOPN
RNA
RNA
Q4 25
$8.4M
Q3 25
$12.0M
$12.5M
Q2 25
$8.5M
$3.8M
Q1 25
$10.5M
$1.6M
Q4 24
$14.6M
$3.0M
Q3 24
$13.3M
$2.3M
Q2 24
$12.3M
$2.0M
Q1 24
$10.0M
$3.5M
Net Profit
KOPN
KOPN
RNA
RNA
Q4 25
$6.8M
Q3 25
$4.1M
$-174.4M
Q2 25
$-5.2M
$-157.3M
Q1 25
$-3.1M
$-115.8M
Q4 24
$-1.9M
$-102.3M
Q3 24
$-3.5M
$-80.4M
Q2 24
$-5.9M
$-70.8M
Q1 24
$-32.5M
$-68.9M
Operating Margin
KOPN
KOPN
RNA
RNA
Q4 25
-60.0%
Q3 25
37.9%
-1513.5%
Q2 25
-64.6%
-4448.7%
Q1 25
-37.1%
-8360.9%
Q4 24
-15.1%
-4069.6%
Q3 24
-21.0%
-4200.9%
Q2 24
-44.2%
-4040.4%
Q1 24
-325.4%
-2178.6%
Net Margin
KOPN
KOPN
RNA
RNA
Q4 25
81.3%
Q3 25
34.1%
-1398.3%
Q2 25
-61.1%
-4089.3%
Q1 25
-29.5%
-7360.0%
Q4 24
-13.3%
-3439.5%
Q3 24
-26.0%
-3441.7%
Q2 24
-48.0%
-3461.8%
Q1 24
-324.4%
-1943.4%
EPS (diluted)
KOPN
KOPN
RNA
RNA
Q4 25
$0.04
Q3 25
$0.02
$-1.27
Q2 25
$-0.03
$-1.21
Q1 25
$-0.02
$-0.90
Q4 24
$0.02
$-0.80
Q3 24
$-0.03
$-0.65
Q2 24
$-0.05
$-0.65
Q1 24
$-0.27
$-0.79

Balance Sheet & Financial Strength

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

Metric
KOPN
KOPN
RNA
RNA
Cash + ST InvestmentsLiquidity on hand
$36.4M
$350.2M
Total DebtLower is stronger
Stockholders' EquityBook value
$64.1M
$1.9B
Total Assets
$108.4M
$2.1B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
KOPN
KOPN
RNA
RNA
Q4 25
$36.4M
Q3 25
$26.5M
$350.2M
Q2 25
$26.8M
$243.9M
Q1 25
$31.5M
$254.2M
Q4 24
$35.6M
$219.9M
Q3 24
$36.2M
$370.2M
Q2 24
$17.6M
$575.8M
Q1 24
$21.1M
$471.4M
Stockholders' Equity
KOPN
KOPN
RNA
RNA
Q4 25
$64.1M
Q3 25
$21.3M
$1.9B
Q2 25
$16.0M
$1.2B
Q1 25
$20.7M
$1.3B
Q4 24
$23.3M
$1.4B
Q3 24
$22.7M
$1.5B
Q2 24
$-216.3K
$1.2B
Q1 24
$4.9M
$830.9M
Total Assets
KOPN
KOPN
RNA
RNA
Q4 25
$108.4M
Q3 25
$61.2M
$2.1B
Q2 25
$61.2M
$1.4B
Q1 25
$65.0M
$1.5B
Q4 24
$70.8M
$1.6B
Q3 24
$70.6M
$1.6B
Q2 24
$49.0M
$1.3B
Q1 24
$51.3M
$951.5M

Cash Flow & Capital Efficiency

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

Metric
KOPN
KOPN
RNA
RNA
Operating Cash FlowLast quarter
$-7.9M
$-156.2M
Free Cash FlowOCF − Capex
$-156.9M
FCF MarginFCF / Revenue
-1257.6%
Capex IntensityCapex / Revenue
5.7%
Cash ConversionOCF / Net Profit
-1.15×
TTM Free Cash FlowTrailing 4 quarters
$-592.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
KOPN
KOPN
RNA
RNA
Q4 25
$-7.9M
Q3 25
$-110.4K
$-156.2M
Q2 25
$-4.2M
$-199.7M
Q1 25
$-3.4M
$-124.8M
Q4 24
$-1.6M
$-99.9M
Q3 24
$-6.5M
$-65.6M
Q2 24
$-3.1M
$-65.0M
Q1 24
$-3.1M
$-70.4M
Free Cash Flow
KOPN
KOPN
RNA
RNA
Q4 25
Q3 25
$-156.9M
Q2 25
$-4.9M
$-203.0M
Q1 25
$-3.9M
$-128.6M
Q4 24
$-2.1M
$-103.8M
Q3 24
$-6.5M
$-67.3M
Q2 24
$-3.1M
$-65.5M
Q1 24
$-3.4M
$-71.3M
FCF Margin
KOPN
KOPN
RNA
RNA
Q4 25
Q3 25
-1257.6%
Q2 25
-57.9%
-5277.1%
Q1 25
-37.1%
-8174.3%
Q4 24
-14.2%
-3491.0%
Q3 24
-48.6%
-2881.8%
Q2 24
-25.5%
-3204.6%
Q1 24
-33.4%
-2012.3%
Capex Intensity
KOPN
KOPN
RNA
RNA
Q4 25
Q3 25
5.7%
Q2 25
8.7%
86.9%
Q1 25
4.7%
238.6%
Q4 24
3.4%
131.7%
Q3 24
0.1%
72.9%
Q2 24
0.5%
26.0%
Q1 24
2.4%
25.8%
Cash Conversion
KOPN
KOPN
RNA
RNA
Q4 25
-1.15×
Q3 25
-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

KOPN
KOPN

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

RNA
RNA

Segment breakdown not available.

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