KOPN
Kopin Corporation2.5000
+0.0300+1.21%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Backlog strong, drones surge post-DJI.
Q&A revealed a $37 million year-end backlog plus tens of millions in orders imminent within eight weeks, providing solid cover for 2026's $52-60 million revenue guide amid Q4's government shutdown drag. MicroLED development stays technically ahead, but Army testing could spill completion into 2027. Drone demand surges post-DJI ban. Kopin fields redesign asks from ex-China buyers, eyeing 120,000-240,000 displays starting Q3. Automation OpEx savings hit now. Teased two undisclosed products for new markets. Confident tone prevails; watch drone ramps and IBAS funding.
Key Stats
Market Cap
440.90MP/E (TTM)
-Basic EPS (TTM)
-0.02Dividend Yield
0%Recent Filings
8-K
Q4 revenues plunge 42%
Kopin reported Q4 2025 revenues of $8.4M, down 42% from $14.6M a year ago, hit by government shutdown delays in defense orders and shipments. Yet product costs held steady at 83% of sales thanks to automation gains. Balance sheet bulks up with $56M private placement. Strategic Theon partnership ramps sales across Europe and NATO.
8-K
CEO, COO equity grants
Kopin Corporation granted CEO Michael Murray 583,658 restricted shares cliff-vesting in four years from January 5, 2026, plus options for 724,638 shares at $3.21—25% above that day's close—vesting quarterly over four years under the 2020 Equity Incentive Plan. COO Paul Baker received 72,000 restricted shares vesting in thirds through December 10, 2028. Both awards tie to continued service. Retention locked in.
8-K
Q3 profit on litigation win
Kopin swung to $4.1 million net income ($0.02/share) in Q3 2025 from a $3.5 million loss last year, driven by $12.0 million revenues (down from $13.3 million) and a $5.1 million litigation damages reversal slashing SG&A. Balance sheet strengthened with $26 million cash; $41 million private placement closed post-quarter from Theon, Ondas, Unusual Machines. New CFO Erich Manz started September 2. Strategic defense pacts unlock markets.
10-Q
Q3 FY2025 results
Kopin swung to $4.1M net income in Q3 FY2025 ended September 27, from $3.5M loss y/y, thanks to $5.1M litigation benefit slashing BlueRadios accrual to $19.7M; revenues dipped 10% y/y to $12.0M (derived), with defense at 83% steady but R&D down sharply, while gross margin slipped to 30% from lower volumes. YTD net loss narrowed to $4.2M from $41.9M y/y on the same swing, yet operating cash burned $7.7M versus $12.6M. Cash sits at $26.5M, no debt; post-quarter PIPE added $38.1M net, Theon deal brought $15M. Litigation appeal drags into 2027.
8-K
Kopin seals $15M Theon deal
Kopin closed its $15M strategic investment from Theon on October 16, 2025. Theon bought 49% of Kopin Europe Ltd. for $8M and $7M in Series A Convertible Preferred Stock, convertible at $3.00/share with 4% annual dividend. Deal funds joint military product development. Cash bolsters defense innovation.
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