KOPN Valuations

Quarterly trend of key valuation metrics

Metric	Current (TTM) TTM Baseline	Q2 '26 30.06.2026	Q1 '26 31.03.2026	Q4 '25 31.12.2025
Market & Enterprise Value
Market Cap	805.56M EUR	843.28M EUR	398.03M EUR	413.96M EUR
Enterprise Value	730.25M EUR	843.28M EUR	365.21M EUR	379.08M EUR
Valuation Multiples
Trailing P/E	111.5x	118.19x	202.25x	158.81x
Forward P/E	--	--	--	--
Price to Sales	18.47x	31.72x	11.36x	10.76x
Price to Book	11.64x	--	5.82x	6.46x
EV/Revenue	16.74x	31.72x	10.42x	9.86x
EV/EBITDA	-51.21x	--	--	--
Price to FCF (P/FCF)	--	--	--	--
EV/FCF	--	--	--	--
FCF Yield	-5.52%	-1.22%	-3.81%	-4.1%