Kopin Stock Price, News & Analysis

Kopin Corporation (NASDAQ: KOPN) has received a follow-on production qualification award worth $4.4 million from General Dynamics Land Systems for display systems related to an armored vehicle upgrade program. This award marks a significant transition from the Engineering and Manufacturing Development phase to full-scale development, reflecting the display systems' advanced features, durability, and engineering depth. The systems include microdisplays and specialized optics capable of operating in harsh environments. The potential total production value for Kopin could exceed $100 million, as several variants are included in the program, indicating robust growth prospects.

Kopin Corporation (NASDAQ: KOPN) announced a follow-on production order worth $1.1 million for a specialized long-range optical weapon sight module. This order highlights Kopin's leadership in weapon sight eyepieces, particularly in rugged environments, and aligns with increasing defense spending in Europe. The module, featuring sophisticated augmented reality capabilities, integrates Kopin's proprietary CyberDisplay® technology and custom optics, previously utilized in over 250,000 weapon sight systems. The company's focus on defense applications positions it to capture significant market opportunities amid ongoing geopolitical tensions.

Kopin Corporation (NASDAQ: KOPN), a leader in wearable computing technologies, announced that CEO Michael Murray and CFO Richard Sneider will present at the Ladenburg Thalmann Technology Expo 2023. The presentation is scheduled for April 27th, 2023, at 3:30 PM ET in New York City. Attendees can access a live webcast of the presentation through the provided link. The Expo features approximately 50 technology companies discussing key topics like media, software, and hardware technologies. It includes presentations, one-on-one meetings, and live demonstrations of products and services, enabling interactions with management teams. Kopin Corporation specializes in display and optical technologies for various industries.

Kopin Corporation (NASDAQ: KOPN) has completed its first quarter cost reduction plan, which includes a reduction in force and the partial spin-out of Lightning Silicon Inc. These measures are expected to save approximately $5 million annually. CEO Michael Murray emphasized the importance of operational efficiency and aligning the workforce to achieve long-term profitability. The company provides high-performance optical solutions for various sectors, including defense, industrial, and consumer markets.

Kopin Corporation (Nasdaq: KOPN) announced the appointment of Raymond Schubnel as Director of Quality effective February 13, 2023. Schubnel brings extensive experience in quality management from his previous role at Raytheon Technologies, enhancing Kopin's focus on application-specific optical systems. His background includes expertise in Six Sigma, Lean manufacturing, and semiconductor technology, which are expected to support the company’s expansion into defense, enterprise, and consumer markets. Schubnel holds a Bachelor’s degree from Lehigh University and an MBA from Harvard Business School.

Kopin Corporation (KOPN) reported a 3.8% increase in full-year revenues to $47.4 million for 2022, compared to $45.7 million in 2021. The fourth-quarter revenues declined by 8% to $12.2 million. Defense product revenues rose by 19.6%, while industrial product revenues fell by approximately 46%. The company recorded a net loss of $19.3 million, or $0.21 per share, worsening from a loss of $13.4 million in 2021. R&D expenses increased by 15% year-over-year. A capital raise post-year-end generated approximately $21.5 million to strengthen the balance sheet for restructuring efforts.

Kopin Corporation (Nasdaq: KOPN) has announced a critical milestone in the production qualification of its Organic Light Emitting Diode (OLED) displays for the F-35 Joint Strike Fighter Helmet Mounted Display System. This advancement confirms the exceptional performance of Kopin's OLED technology, which is expected to continue as the sole supplier under a multi-year procurement agreement. The F-35, known for its advanced capabilities, relies on cutting-edge display technology for situational awareness in combat. Successful completion of customer testing will position Kopin to provide production displays for upcoming generations of F-35 technology.

Kopin Corporation (NASDAQ: KOPN) will hold a conference call on March 14, 2023, at 8:30 AM Eastern Time to discuss its Q4 and full year 2022 financial results. The results will be announced in a press release before the call. Participants can join through a U.S. dial-in number or an international line and can also access a live webcast via the company's website. A replay of the call will be available until March 21, 2023. Kopin specializes in optical solutions for various sectors, including defense, enterprise, and consumer products.

Kopin Corporation (NASDAQ: KOPN) has engaged MZ Group for its investor relations and financial communications program, aimed at enhancing visibility in the investment community. MZ Group, known for its comprehensive IR services, will collaborate closely with Kopin’s management to foster communication and brand awareness. CEO Michael Murray emphasized the focus on AR and VR markets, stating that this partnership will help achieve fair valuation and long-term value for shareholders. Kopin specializes in optical solutions for defense, industrial, and consumer sectors, offering advanced technologies like ultra-small displays and low-power ASICs.