27 May 2010


Boston Globe 100 ranks Kopin 26th, Skyworks 42nd, Hittite 52nd in Massachusetts

Kopin Corp of Taunton, MA, USA, which makes III-V heterojunction bipolar transistor (HBT) epiwafers and CyberDisplay LCDs micro-displays for consumer, industrial and military applications, has entered The Boston Globe's 22nd annual 'Globe 100' list of Massachusetts-based companies publicly traded on NASDAQ, New York Stock Exchange or American Stock Exchange, after being ranked 26th.

To be eligible, a firm must have been public for the whole of 2009 and have reported a positive net income for both 2008 and 2009. "These companies show vision and set examples for how to adapt to a tough economic climate," comments The Boston Globe's business editor Shirley Leung. This year, 82 companies were named to the Globe 100, making the list the most exclusive to date, while serving as a reminder of the challenging economic climate.

Ranking is based on a composite score (with the least being the best) derived from four financial criteria for the four quarters of 2009: full-year 2009 revenue, return on average equity, one-year change in revenue, and one-year change in profit.

Kopin's composite score of 131 came from 2009 revenue of $114.7m, return on average equity of 13.0%, one-year change in revenue of -0.1%, and one-year change in profit of 652.8%.

Kopin was also ranked 6th position among technology companies. "Having recently celebrated our 25th anniversary in business, these rankings are a reflection of our emphasis on being technologically aggressive but financially conservative," says Kopin's president & CEO Dr John C.C. Fan.

In comparison, Skyworks Solutions Inc of Woburn, MA, which makes linear products, power amplifiers, front-end modules and radio solutions for handset and infrastructure equipment, was down from 15th for the prior year to 42nd, with a composite score of 165 based on 2009 revenue of $837.5m, return on average equity of 9.4%, a 1-year change in revenue -2.6%, and a 1-year change in profit of -11.8%.

Hittite Microwave Corp of Chelmsford, MA, which designs and supplies analog and mixed-signal RF, microwave and millimeter-wave ICs, modules and subsystems, was down from 34th for the prior year to 52nd, with a composite score of 179 based on 2009 revenue of $163m, return on average equity of 18.1%, and a 1-year change in revenue 38.3%, but a 1-year change in profit of -78.8%.

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