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Kopin Corporation (KOPN) delivers cutting-edge optical solutions and wearable technologies for defense, simulation, and consumer markets. This dedicated news hub provides investors and industry professionals with timely updates on the company's technological advancements and strategic developments.
Access comprehensive coverage of Kopin's press releases, including product innovations, R&D milestones, and defense sector partnerships. Our curated collection features essential updates on microdisplay enhancements, spatial light modulation breakthroughs, and integrated wearable system deployments.
Stay informed about Kopin's position in emerging markets through verified reports on military application developments, consumer electronics collaborations, and simulation technology progress. All content maintains strict editorial standards to ensure factual accuracy and relevance for investment research.
Bookmark this page for streamlined access to Kopin's latest corporate announcements and technology disclosures. Regular updates provide critical insights into the company's engineering achievements and market strategy execution.
Kopin (NASDAQ: KOPN), a provider of optical systems and microdisplays, has announced plans for a public offering of common stock and pre-funded warrants. The company intends to grant underwriters a 30-day option to purchase up to an additional 15% of the shares sold. Canaccord Genuity is acting as the sole bookrunner for the offering.
Kopin plans to use the net proceeds for general corporate purposes, including working capital, funding internal research and development, neural display, capital expenditures, and potential payments related to pending litigation judgements or appeals. The offering is subject to market conditions, with no assurance of completion or final terms.
A preliminary prospectus supplement and accompanying prospectus will be filed with the SEC and available on their website. Interested investors can obtain copies from Canaccord Genuity
Kopin (NASDAQ: KOPN) has received a second production order for the CR3 wearable surgical monitor from HMDmd, Inc. The CR3 is a lightweight, ergonomic head-mounted display that provides 3-D imagery in full-HD resolution and is 4K video compatible. It's designed for use with 2-D and 3-D endoscopes and microscopes, offering surgeons a constant high-resolution video of the surgical field while maintaining visual access to the operating room.
The order follows positive feedback from surgical equipment manufacturers. The market opportunity is estimated to grow to over 750,000 HMDs worldwide, with a potential 2029 delivery opportunity of up to 150,000 units. The CR3 is expected to be particularly beneficial for microscopy, minimally invasive surgery, digital and robotic surgery, and interventional medicine.
Kopin (NASDAQ: KOPN) has received a $2 million follow-on production order for its high-brightness active-matrix liquid crystal displays (AMLCD) from Collins Aerospace. This order supports the F-35 Lightning II Helmet Mounted Display System (HMDS), developed by Collins Elbit Vision Systems (CEVS). The F-35, the world's most advanced 5th Generation fighter jet, uses Kopin's microdisplay in its augmented reality helmet to provide pilots with important flight, tactical, and sensor information.
Kopin is the exclusive supplier of the unique microdisplay technology required for these functionalities in extreme conditions. The company is also transitioning to its next-generation Organic Light Emitting Diode on Silicon (OLEDoS) microdisplay, which has recently achieved the final milestone in the qualification process.
Kopin (NASDAQ: KOPN) has announced the appointment of Paul V. Walsh, Jr. to its Board of Directors. Walsh brings extensive experience as a financial leader in technology manufacturing, particularly in the semiconductor industry. He currently serves on the Board of Semtech and was recently CFO at Allegro Microsystems, a $5 billion market cap company. Walsh's background includes roles as CFO at Silicon Laboratories and experiences at Teradyne and Analog Devices.
Kopin's CEO, Michael Murray, expressed enthusiasm about Walsh's addition, citing his operational and financial expertise in the semiconductor space. Walsh holds a BS in Mechanical Engineering from the University of Maine, an MBA from Boston University, and a Graduate Certificate in Accountancy from Bentley University.
Kopin (Nasdaq: KOPN), a leading provider of optical systems and microdisplays, has announced its participation in two upcoming investor conferences in September. The company will be present at:
1. HC Wainwright Global Investment Conference from September 9-11 in New York. Kopin's management will deliver a presentation on Wednesday, September 11 at 9:00 AM ET, both in person and via webcast. They will also engage in one-on-one meetings.
2. Lake Street Best Ideas Growth Conference Big 8 on September 12 in New York. At this event, management will participate in one-on-one meetings.
These conferences provide Kopin with opportunities to showcase its products and connect with investors, potentially impacting its stock performance.
Kopin (NASDAQ: KOPN), a provider of optical systems and micro-displays for various industries, has announced its participation in the Gabelli Funds 30th Annual Aerospace & Defense Symposium. The event will take place on September 5, 2024, at the Harvard Club in New York. CEO Michael Murray is scheduled to present at 3:45 PM ET.
The symposium offers attendees the opportunity to interact with executive leadership from major Aerospace and Defense companies. Kopin's involvement highlights its relevance in the defense sector, alongside its presence in enterprise, industrial, consumer, and medical markets. Interested parties can access a live webcast of the conference by registering through the provided link.
Kopin (NASDAQ: KOPN) has received its first production purchase order for the high-resolution 4 Megapixel 2K-R11 FLCoS Spatial Light Modulator (SLM) system. This system will be used in 3D Automated Optical Inspection (AOI) machines, offering four times the resolution of typical 1 Megapixel systems. The 2K-R11 is designed for advanced 3D AOI applications in sophisticated electronics manufacturing, including electric vehicle components.
The global market for 3D AOI systems is projected to grow from $700 million to $3 billion by 2030. Kopin's 2K-R11 sub-assembly includes a reflective ferroelectric liquid crystal on silicon (FLCoS) microdisplay, drive board, and software, providing a 'drop-in' solution for 3D AOI system manufacturers. This enhanced resolution enables precise measurement of smaller components, potentially expanding 3D AOI applications in semiconductor and PCB manufacturing.
Kopin (Nasdaq: KOPN), a provider of optical solutions and microdisplays for various industries, has regained compliance with Nasdaq's minimum bid price requirement. Nasdaq informed Kopin that its common stock had closed at $1.00 per share or higher for 10 consecutive business days, meeting the criteria set in Nasdaq Listing Rule 5550(a)(2). This development ensures Kopin's continued listing on the Nasdaq Capital Market, addressing a previous compliance issue with the exchange's regulations.
Kopin (NASDAQ: KOPN) reported financial results for Q2 2024, showing significant growth in defense product revenues. Key highlights include:
- Q2 2024 product revenues increased 84% year-over-year
- Defense product revenues surged 106%, offset by a 30% decrease in Industrial product revenues
- Five new customers placed development orders, potentially leading to multi-million dollar annual production revenues
- Gross margins improved due to operational excellence and reduced rework costs
- Net loss narrowed to ($5.9) million, or ($0.05) per share, compared to ($8.2) million, or ($0.07) per share in Q2 2023
The company secured new contracts, including a development award for the U.S. Army's Next Generation-Short Range Interceptor system, which could generate tens of millions in peak annual revenue by 2027.
Kopin (NASDAQ: KOPN), a leading provider of optical solutions and microdisplays for defense, enterprise, consumer, and medical products, has scheduled its second quarter 2024 earnings call for Thursday, August 8, 2024, at 8:30 AM Eastern Time. The company will discuss financial results for the quarter ended June 30, 2024, which will be released in a press release before the call.
Investors can join the call via phone or webcast. The U.S. dial-in number is 888-349-0106, while the international number is 412-902-0131. A webcast link will be available on Kopin's investor relations website. A replay of the call will be accessible through August 15, 2024, using toll-free (877-344-7529) or international (412-317-0088) numbers with the passcode 10191338.
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