Kopin Stock Price, News & Analysis

Kopin (NASDAQ: KOPN) has expanded its medical technology offerings by introducing high-resolution, fast Spatial Light Modulators (SLMs) for fluorescence super-resolution microscopes used in biomedical research. These SLMs can produce highly detailed images, enhancing research capabilities at leading institutions.

The EPFL in Lausanne, Switzerland, has developed an open-source add-on, openSIM, which integrates Kopin's SLMs into existing microscopes, transforming them into Structured Illumination super-resolution Microscopes (SIM). This allows researchers to upgrade equipment cost-effectively.

Additionally, the European Molecular Biology Lab (EMBL) in Heidelberg, Germany, has utilized Kopin's fast-switching binary Ferroelectric LCOS (FLCOS) technology to develop a state-of-the-art 3D MINFLUX optical system with nanometer-scale resolution. This open-source approach offers cost-effective solutions and advances biomedical research capabilities.

For more details, visit www.kopin.com.

Kopin (NASDAQ: KOPN) has been awarded a contract to create a high-resolution eyepiece assembly for the U.S. Army's Next Generation-Short Range Interceptor (NG-SRI) system. This eyepiece will be used in the Commanders Launch Assembly (CLA), part of the Army's efforts to replace outdated Stinger missiles with more advanced technology. The NG-SRI aims to enhance short-range air defense by achieving faster speeds, overcoming enemy jamming, and targeting drones more accurately. Kopin's Senior VP, Bill Maffucci, highlighted the potential financial impact, estimating revenue of $5 to $10 million annually once production starts.

Kopin (NASDAQ: KOPN) announces a new contract with the U.S. Army to develop augmented reality (AR) optics for dismounted soldier vision systems. This initiative aims to overcome limitations of previous systems like visual dissonance and cognitive disorder. Kopin will focus on enhancing optical performance, daylight readability, visual comfort, and reducing size, weight, and power consumption. This project aligns with the Army's goal of a fully digitized, head-mounted visual information system for day and night operations.

Kopin announced significant changes to its Board of Directors following its annual meeting on June 6.

CEO and President Michael Murray has been appointed as Chairperson of the Board, replacing Jim Brewington who is retiring.

Dr. Jill Avery has been appointed as Lead Independent Director and will continue her existing committee roles.

Margaret Seif joins the board as a new member, taking on the role of Chairperson of the Nominating and Corporate Governance Committee, and will also serve on the Audit and Compensation committees.

The transitions aim to steer Kopin towards consistent and profitable growth under Murray's leadership.

Kopin remains focused on its core competency in application-specific optical solutions for various sectors including defense, enterprise, industrial, and consumer products.

Kopin, a leading developer of high-performance optical solutions, announced its participation in two upcoming investor conferences in June. The company will present at the Baird 2024 Global Consumer, Technology & Services Conference on June 4 in New York at 7:55 am ET and at the Stifel Cross Sector Insight Conference on June 5 in Boston at 9:10 am ET. Kopin's management will also be available for one-on-one meetings at both events.

Kopin (Nasdaq: KOPN), a developer of high-performance optical solutions, announced the resignation of board director Scott Anchin, effective May 31st. Anchin, who also served as head of the audit committee, has accepted a new employment agreement requiring him to step down from all outside board roles. Chairman James Brewington acknowledged Anchin's contributions, particularly in the appointment and transition of current CEO Michael Murray. To find a replacement, Kopin has enlisted Egon Zehnder, a global leadership advisory firm. This development aims to ensure a seamless transition and sustained leadership for the company.

Kopin reported its financial results for Q1 2024. Product revenues increased by 18% year-over-year, driven by a 28% rise in defense product revenues, mitigated by a 17% drop in industrial product revenues. The company expects double-digit revenue growth in 2024, buoyed by new contracts, including a $20.5M order for a new weapon sight configuration. However, total revenues decreased by 7% to $10M, impacted by a 69% decline in R&D revenues. Kopin faced a net loss of $32.5M, a significant increase from the $2.6M loss in Q1 2023, attributed to higher costs and a $24.8M litigation judgment.

Kopin (NASDAQ: KOPN) has secured a new contract from a Defense customer to integrate its OLED microdisplay with a low-latency digital night vision sensor (PEDBNVIS). This project aims to enhance the performance of next-generation night vision systems by eliminating the need for optical overlays, thus reducing size and power consumption. The goal is to create a fully digital night vision device capable of displaying various spectral and symbology information in a compact assembly. Bill Maffucci, Kopin’s SVP of Business Development, highlights that achieving program objectives will open significant high-volume production opportunities for Kopin's OLED displays.

Kopin (NASDAQ: KOPN) will host an earnings call on Tuesday, May 14, 2024, to discuss its financial results for the first quarter of 2024. The call will be held at 8:30 AM Eastern Time, with financial results being released prior to the call.