Kopin Corporation
3.5100-0.03 (-0.85%)
Oct 29, 4:00:00 PM EDT · NasdaqCM · KOPN · USD
Key Stats
Market Cap
640.05MP/E (TTM)
-Basic EPS (TTM)
-0.06Dividend Yield
0%Recent Filings
8-K
Kopin appeals $19.7M judgment
Kopin Corporation appealed a $19.7 million judgment in the Blue Radios lawsuit on October 7, 2025, posting a $23 million bond covering the award, legal fees, and expected interest. To secure the bond, Kopin entered loan agreements with Rockland Trust Company on October 2, 2025, depositing $23 million as collateral for a letter of credit, tying up significant cash. This move preserves liquidity during the appeal but exposes the company to default risks if the judgment holds.
8-K
Kopin secures $41M PIPE
Kopin Corporation announced a $41 million PIPE financing on September 29, 2025, issuing 19,545,950 shares at $2.10 each to strategic investors including Theon International, Ondas Holdings, and Unusual Machines, with net proceeds of ~$38.1 million expected after fees. Funds will advance color MicroLED development, Neuraldisplay AI, sovereign microdisplay solutions, and FPV drone optics commercialization, while supporting general corporate needs; the deal closes September 30, 2025, subject to conditions. Strategic backers highlight Kopin's defense and FPV growth potential. Yet dilution looms large.
8-K
Litigation update: $19.7M award
Kopin Corporation faced a setback in its Colorado litigation with BlueRadios Inc., as a post-trial order on September 5, 2025, awarded the plaintiff approximately $19.7 million in damages while denying a permanent injunction and prejudgment interest. This ruling slashes the jury's recommended amount and clears any threat to Kopin's customer orders. The company deems the judgment unsupported and plans an appeal amid its growth push. Litigation outcomes remain uncertain.
8-K
Kopin appoints new CFO
Kopin Corporation appointed Erich Manz as Chief Financial Officer on September 2, 2025, granting him 400,000 restricted shares as an inducement, vesting 25% annually starting December 10, 2026, contingent on continued employment. This move bolsters financial leadership amid the company's focus on optical solutions for defense and enterprise. Vesting ties retention to performance. Unvested shares forfeit on early departure.
10-Q
Q2 FY2025 results
Kopin Corporation's Q2 FY2025 revenues fell 31% y/y to $8.5M, driven by a 40% drop in defense sales to $6.2M from thermal weapon sights and pilot helmets, while industrial revenues rose 68% to $1.0M on public safety demand. Gross margin on products slipped to 94% from 79% due to lower volumes and underabsorbed overhead, yielding an operating loss of $5.5M, flat y/y, and diluted EPS of -$0.03 on 166M shares. YTD, revenues declined 15% to $19.0M with operating loss widening to $9.4M and EPS at -$0.05, but net loss narrowed sharply to $8.3M from $38.5M after excluding prior litigation damages. Cash swelled to $24.4M with $2.9M in marketable securities, bolstered by $34.0M in security sales, though operating cash burn hit $7.6M; free cash flow not disclosed in the 10-Q. A pending $15M strategic investment from Theon International, including 49% of Kopin Europe and convertible preferred stock, eyes military product development. Supply chain snarls for semiconductors linger as a key risk.
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