Announcement • May 16
Kopin Corporation Showcases New Advanced Soldier Vision Technologies At Sof Week Kopin Corporation announced that it will introduce two new advanced soldier vision technologies at SOF Week 2026 in Tampa, Florida. Throughout the event, Kopin will present hands-on demonstrations of its latest soldier-focused vision systems and optical platforms engineered to enhance warfighters’ situational awareness, survivability, and operational effectiveness in the most demanding environments. Kopin’s demonstrations will highlight several next-generation systems, including: Sentinel FPV™ — First person viewer goggle that offers high-definition drone imagery to warfighters while keeping their local situational awareness intact. DarkWAVE™ — Full-color augmented reality night vision clip-in that brings full-color AR capability to existing fielded night-vision goggles. DayVAS™ — Daylight-readable augmented-reality system designed for high-brightness, high-clarity visualization in full sun. MicroLED Display — Military-grade, ultra-bright, power-efficient microdisplay optimized for rugged defense applications and made in the USA. Kopin’s presence at SOF Week underscores the company’s commitment to delivering U.S.-designed and U.S.-manufactured displays and optical products that meet the evolving needs of special operations forces. With decades of experience supporting defense programs, Kopin continues to push the boundaries of what’s possible in high-performance microdisplays and visual systems. SOF Week attendees are encouraged to schedule a meeting with Kopin’s team for live demonstrations, technical discussions, and insights into upcoming innovations shaping the next generation of operator vision. Announcement • May 08
Fabric.AI and Kopin Corporation Appoints Bill Maffucci as Head of Development for Neural I/o™ MicroLED Optical Fabric.AI announced the appointment of Bill Maffucci as Head of Development for the jointly developed Neural I/o chip program, a MicroLED-based optical interconnect that represents a cornerstone technology underpinning next-generation AI factory infrastructure. In this role, Maffucci will lead end-to-end development of the Fabric.AI /Kopin Neural I/o chip, a high-performance MicroLED optical interconnect designed to enable seamless, ultra-high-bandwidth communication between advanced AI systems and intelligent edge devices. Maffucci brings deep expertise in optics, product development, and strategic execution. He has spent over a decade at Kopin Corporation, where he currently serves as Senior Vice President of Product Development & Strategy, a role he assumed in December 2025 to accelerate the company's MicroLED and advanced interface technologies, including SBMC and Neural I/o initiatives. Prior to this role, Maffucci served as Senior Vice President of Business Development and Strategy, where he led key growth initiatives, partnerships, and M&A efforts. Earlier, as Vice President and General Manager, he oversaw operations and product commercialization from Kopin's Scotts Valley, California location, driving sustained expansion across multiple technology verticals. Before joining Kopin, Maffucci built a strong foundation in optical systems at Intevac Photonics, an early industry pioneer, where he developed expertise in advanced high performance optical sensors and optics that continues to inform his leadership in next-generation photonics and interface technologies. Announcement • May 04
Kopin Corporation to Report Q1, 2026 Results on May 12, 2026 Kopin Corporation announced that they will report Q1, 2026 results at 9:30 AM, US Eastern Standard Time on May 12, 2026 Announcement • Apr 23
Kopin Corporation, Annual General Meeting, May 21, 2026 Kopin Corporation, Annual General Meeting, May 21, 2026. Location: at the offices of morgan, lewis & bockius llp, one federal street, massachusetts 02110, boston United States Announcement • Mar 28
Kopin Corporation announced delayed annual 10-K filing On 03/27/2026, Kopin Corporation announced that they will be unable to file their next 10-K by the deadline required by the SEC. Announcement • Mar 25
Kopin Corporation to Report Q4, 2025 Results on Mar 27, 2026 Kopin Corporation announced that they will report Q4, 2025 results at 9:30 AM, US Eastern Standard Time on Mar 27, 2026 Announcement • Dec 04
Kopin Corporation Announces Executive Changes Kopin Corporation promoted Bill Maffucci to the newly created role of Senior Vice President of Product Development and Strategy and appointed Iwan Dodd as Senior Vice President of Business Development. Bill Maffucci is an industry veteran who joined Kopin in 2015. Previously, he served on the leadership team for Intevac Photonics after they acquired Creative Display Systems, a company that he co-founded. Mr. Maffucci will spearhead Kopin’s aggressive 3 and 5 year technology roadmaps with a laser focus on next-generation Color MicroLED microdisplays, advanced display systems, strategic R&D investments, and the identification of high-impact merger and acquisition opportunities. Iwan Dodd is a proven revenue accelerator and business development executive specializing in Photonics technologies for Aerospace & Defense. Mr. Dodd returns to Kopin after most recently serving as Global Head of Business Development at Luminar Semiconductor, where he delivered more than $55 million in annual revenue and achieved double-digit compound annual growth in defense programs while dramatically expanding the customer base. During his prior tenure at Kopin, Iwan built a strong pipeline of new programs and forged deep customer relationships that continue to generate revenue . Announcement • Nov 25
Kopin Corporation to Unveil Wireless Simulated Binoculars at I/ITSEC 2025 Kopin Corporation announced it will unveil a prototype of its new wireless simulated binoculars at the Interservice/Industry Training, Simulation and Education Conference (I/ITSEC) 2025, held in Orlando, Florida, from December 1-4, 2025. At Booth #2423, Kopin will publicly reveal its high-resolution wireless simulated binoculars, targeted at defense and commercial training and simulation applications. The virtual binoculars, powered by a computer image generator, will feature integrated positional and directional tracking sensors to deliver highly realistic simulations of fielded counterparts. Leveraging Kopin's high-resolution color OLED displays--and paired with proprietary viewing optics, the prototype offers exceptional visual fidelity and immersive performance. The premium wireless binoculars round out Kopin's well-established line of Training & Simulation binoculars, which include the legacy Scout 35 and Ranger 35/47 products from the acquisition of NVIS, in 2017. Kopin will showcase live demonstrations of VR HMDS and simulated military equipment, all powered by cutting-edge microdisplay and optical technologies. Kopin's advanced solutions bring realism and depth to training environment enhancing mission readiness through immersive learning. In addition to the featured head-tracked simulated binoculars, guests will experience live demonstrations of: Virtual binoculars for all scenarios including night-time and low-light scenarios; High resolution binocular 3D VR head mounted display (HMD); Simulated armored vehicle binocular display. Announcement • Nov 11
Kopin Corporation to Report Q3, 2025 Results on Nov 12, 2025 Kopin Corporation announced that they will report Q3, 2025 results at 9:30 AM, US Eastern Standard Time on Nov 12, 2025 Announcement • Oct 17
Kopin Corporation announced that it has received $15 million in funding from Theon International Plc On October 16, 2025, Kopin Corporation closed the transaction. The company raised $15,000,000 in the transaction and received regulatory approval. Announcement • Oct 13
Kopin Corporation Files an Appeal of the $19.7 Million Judgement Against the Company in the Matter of Blue Radios Inc. v . Kopin Corporation On October 7, 2025 Kopin Corporation (Kopin or the Company) filed an appeal of the $19.7 million judgement against the Company in the matter of Blue Radios Inc. v. Kopin Corporation. The bond was for the amount of $23 million which consisted of the judgement, legal expenses and interest that would accrue over the expected term of the appeal. To post the bond the Company entered into loan agreements (the Agreements) with its bank which provides the bank with a security interest in the $23 million the Company deposited with the bank. The bank then issued a Letter of Credit (LOC) to a surety company who then issued the bond to the court. The Agreement provides for standard representations and warranties and allows the bank to use the $23 million to satisfy the LOC in the event the LOC is called. Announcement • Oct 10
Kopin Corporation to Participate in Ausa 2025 Kopin Corporation announced that the company will be in Washington, DC, October 13-15, during AUSA 2025. AUSA's mission to foster innovation and highlight transformative technologies aligns with Kopin's core values, which include inventing solutions that enhance human performance in demanding environments. During the event, Kopin will present its latest advancements in soldier-worn augmented reality systems, including: HUDS for daytime and nighttime see-thru AR defense applications; First Person Viewer (FPV) HUD demo for drone control with previously unavailable situational awareness; High brightness, high contrast, low power MicroLED technology; Training and simulation head-tracked binoculars; NeuralDisplay™? (bi-directional AI enabled microdisplay) prototype; Additional defense and training products designed to support warfighters in the field. Announcement • Sep 30
Kopin Corporation announced that it expects to receive $41.046495 million in funding Kopin Corporation announced a private placement and entered into a purchase agreement to issue 19,545,950 common shares at a price of $2.1 per share fir aggregate gross proceeds of $41,046,495 on September 29, 2025. Announcement • Sep 06
Kopin Corporation Announces Post-Trial Order Kopin Corporation announced that on September 5, 2025, a post-trial order was entered in the U.S. District Court for the District of Colorado in the matter of BlueRadios Inc. v. Kopin Corporation Inc. finding for the plaintiff, BlueRadios Inc. and awarding approximately $19.7 million in damages but denying a permanent injunction and prejudgment interest. Board Change • Aug 18
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. Lead Independent Director Jill Avery is the most experienced director on the board, commencing their role in 2021. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Announcement • Aug 12
Kopin Corporation announced that it expects to receive $7 million in funding from Theon International Plc Kopin Corporation entered into an agreement for a private placement to issue convertible preferred shares for the proceeds of $7 million on August 11, 2025. The transaction involves participation of Theon International Plc as an investor. The conversion price is $3.00 and carry an annual dividend of 4% payable in cash and stock. The transaction is subject to regulatory approval. The transaction is expected to close in company's fiscal third quarter ( October 1, 2025 to December 31, 2025). Announcement • Aug 08
Kopin Corporation Appoints Erich Manz as New Chief Financial Officer Effective from September 2, 2025 Kopin Corporation announced the appointment of Erich Manz as Chief Financial Officer expected to start on September 2, 2025. Mr. Manz is an accomplished executive, bringing over three decades of financial and accounting experience in sensing, application-specific analog power and semiconductor technology markets. Mr. Manz will replace Rich Sneider, who announced his retirement in May. Most recently, Mr. Manz was the Business Unit CFO of Allegro MicroSystems where he led the financial structure, support, and oversight for the product business group. Mr. Manz spent over 25 years at Allegro MicroSystems in various roles from Reporting Manager to Corporate Controller. Mr. Manz began his career at Serta in their accounting department and holds a bachelor’s degree in accounting from Bryant University. Announcement • Aug 07
Kopin Corporation to Report Q2, 2025 Results on Aug 12, 2025 Kopin Corporation announced that they will report Q2, 2025 results on Aug 12, 2025 Announcement • Jul 22
Kopin Corporation and HMDmd Commence Production Deliveries of Wearable Surgical Display Systems to Carl Zeiss Meditec Kopin Corporation has announced, in collaboration with HMDmd, the first production delivery of the CR3 wearable surgical monitor (purpose-built for surgery) to Carl Zeiss Meditec. The FDA registered and CE certified CR3 wearable surgical monitor is a cutting-edge head-mounted display (HMD) system developed over several years by HMDmd and Kopin. The lightweight, ergonomic design delivers 3-D imagery in full HD resolution and offers benefits for surgeons performing microsurgery, minimally invasive surgery, digital and robotic surgery and interventional medicine. By simply glancing at the head-worn display, surgeons can view live video feeds from surgical instruments and diagnostic images, eliminating the need to repeatedly move their head between a conventional wall or boom mounted monitor and the patient, enabling surgeons to operate with much greater physical comfort. The production of medical-grade head-mounted display systems at Kopin requires rigorous standards for safety, reliability and compliance. This process involves selecting advanced optical and electronic components, implementing superior manufacturing practices, and enforcing strict quality control measures, ensuring a seamless integration into surgical and medical applications. As the medical display technology landscape evolves, Kopin and HMDmd will work to remain at the forefront of high-performance wearable solutions, specifically designed and built for medical and surgical professionals worldwide. Announcement • Jun 24
Kopin Corporation to Showcase Portfolio of Spatial Light Modulators and Microdisplays At Laser World of Photonics 2025 Kopin Corporation announced will be presenting its range of cutting-edge spatial light modulators (SLMs) and microdisplays at this year's Laser World of Photonics, taking place from June 24-27 at the Munich Trade Fair Center. Attendees can explore the latest advancements at Hall B2, Booth 137. A highlight of Kopin's exhibit is its high-resolution binary phase modulator, featuring a pixel array of 2048 x 2048. Engineered for exceptionally fast refresh rates and stable diffraction, this SLM is uniquely suited for advanced applications such as 3D metrology and Super Resolution Microscopy. Kopin's SLMs are seamlessly integrated with its range of LCD and OLED microdisplays, optimized for Near-Eye applications. These displays are designed for precision and performance and can be custom-tailored for integration into application-specific optical systems. Taking center stage at the booth is a medical Head-Mounted Display (HMD), purpose built for surgeons, offering an ergonomic, high-resolution viewing experience for both 2D and 3D surgical applications. Announcement • Jun 03
Kopin Corporation Achieves Key Hardware and Software Milestones in Neuraldisplay™? Prototype Development Kopin Corporation announced critical hardware and software milestones in the development of its NeuralDisplay™?, which have led to a demonstrable prototype. Kopin's AI-powered NeuralDisplay technology is set to make AR/VR solutions more comfortable by automatically adapting to the user's unique vision requirements. The company believe NeuralDisplay™? has the potential to revolutionizeatial computing by eliminating the need for dedicated eye-tracking cameras, significantly reducing size, weight, power consumption, and cost. Designed for enhanced functionality, NeuralDisplay is expected to enable dynamic brightness and contrast adjustments, precise gaze control, eye fatigue monitoring, and rapid response to neurological stimuli--such as pupil dilation triggered by a fight-or-flight reaction. Hardware Milestones: Kopin's latest hardware prototype, built on OLED technology with MicroLED compatibility, now enables eye image capture. This breakthrough delivers valuable insights into the requirements for custom optics, setting the stage for future advancements. Key discoveries address design challenges and optimize performance, propelling ongoing innovation. The updated software prototype now incorporates automatic vergence, adjusting seamlessly based on the user's gaze and depth perception. The company believe this feature ensures optimal viewing experiences through accurate eye tracking and proper vergence--a crucial capability for augmented reality systems. The current prototype showcases augmented reality rangefinder capabilities, enabling the display to calculate distances with precision. Through initial integration rounds with the NeuralDisplay, Kopin has gained critical insights into sensor sensitivity and microdisplay performance. These learnings have been instrumental in designing the next generation of bi-directional displays with improved functionality, reduced latency, and greater productization potential. As Kopin continues refining the design, the next steps will focus on enhancing silicon architecture to improve color accuracy, brightness, and sensor sensitivity. These upgrades will further bolster the NeuralDisplay's capabilities and propel development toward the next generation of innovative display technology. Announcement • May 30
Kopin Corporation Announces Retirement of Rich Sneider as CFO Kopin Corporation announced the retirement of Rich Sneider as CFO, who has played a key role in Kopin’s evolution over his 25 years with the company. Mr. Sneider is expected to continue in his current role until a successor is named and assist in the transition. The company has begun a search for Sneider’s replacement, considering both internal and external candidates. Announcement • May 14
Kopin Corporation Reaffirms Its 2025 Earnings Guidance Kopin Corporation reaffirmed its 2025 earnings guidance. The company reaffirmed expectations of Double-Digit Revenue Growth in 2025 over 2024. Announcement • May 12
Kopin Corporation to Report Q1, 2025 Results on May 13, 2025 Kopin Corporation announced that they will report Q1, 2025 results on May 13, 2025 Announcement • May 09
Kopin Corporation, Annual General Meeting, Jun 26, 2025 Kopin Corporation, Annual General Meeting, Jun 26, 2025. Location: at the offices of morgan, lewis & bockius llp, one federal street, massachusetts 02110., boston United States Announcement • May 02
Kopin Corporation to Demonstrate Advanced Soldier & Pilot Vision Systems During SOF Week 2025 Kopin Corporation announced its presence at SOF Week 2025, taking place in Tampa, Florida, from May 5-8, 2025. During SOF Week, Kopin will demonstrate its advanced displays, optics and head-mounted systems specifically designed for Augmented Reality applications in both combat environments and Virtual Reality applications for training environments. These front-edge technologies and products are designed to enhance situational awareness and support faster decision-making for the war fighter. Kopin's visitors will experience live demos of DayVAS™? and DarkWAVE™? augmented HUD modules for daytime and nighttime use, VR head-mounted displays for training, high-brightness/high-contrast MicroLED displays, and other tailored solutions for special operations forces. Announcement • Apr 17
Kopin Corporation to Report Q4, 2024 Results on Apr 17, 2025 Kopin Corporation announced that they will report Q4, 2024 results at 12:30 PM, US Eastern Standard Time on Apr 17, 2025 Announcement • Apr 03
Kopin Corporation to Showcase Innovative Near-To-Eye Technology Solutions at SPIE DCS 2025 Kopin Corporation announced its participation in the upcoming SPIE Defense and Commercial Sensing (DCS) 2025 exhibition, taking place in Orlando, Florida, from April 15-17, 2025. At SPIE DCS, Kopin will exhibit its latest developments in microdisplays and optical solutions, which are designed to meet the evolving needs of warfighters, surgeons, industry professionals and consumers. Visitors have the opportunity to experience cutting-edge solutions firsthand with live demonstrations: Demonstrations Include: Virtual reality (VR) head-mounted display (HMD) system for training and simulation; DayVAS™ daytime readable visual augmentation solution for warfighters; DarkWave™ night vision goggle clip-in solution for warfighters; Firefighter mask with near-eye thermal imaging vision system; Simulated armored vehicle biocular display; Head-tracked virtual binoculars; High- brightness, high-contrast microdisplays. Announcement • Mar 28
Kopin Corporation announced delayed annual 10-K filing On 03/27/2025, Kopin Corporation announced that they will be unable to file their next 10-K by the deadline required by the SEC. Announcement • Jan 25
Kopin Corporation has filed a Follow-on Equity Offering in the amount of $50 million. Kopin Corporation has filed a Follow-on Equity Offering in the amount of $50 million.
Security Name: Common Stock
Security Type: Common Stock
Transaction Features: At the Market Offering Announcement • Nov 20
Kopin Corporation's Subsidiaries Renamed Under Unified Kopin Brand Kopin Corporation announced that its subsidiaries, Forth Dimension Displays Limited and NVIS Inc., will be renamed under the Kopin brand. Forth Dimension Displays has been renamed as Kopin Europe Limited, and NVIS is now known as Kopin Virginia Inc. This renaming reflects the Company’s streamlining of focus and resources under the Kopin name and will enhance efficiencies, the Company’s global presence and brand recognition. In early 2024 Kopin began uniting its subsidiary companies under one unified brand - Kopin. The company announced a significant strategic move aimed at unifying our operating groups under one organization and brand. This consolidation brings together the collective expertise, resources, and vision of the Company’s various divisions, aligning them with a shared mission to deliver application-specific optical solutions across diverse markets. Reported Earnings • Nov 14
Third quarter 2024 earnings released: US$0.028 loss per share (vs US$0.022 loss in 3Q 2023) Third quarter 2024 results: US$0.028 loss per share (further deteriorated from US$0.022 loss in 3Q 2023). Revenue: US$13.3m (up 26% from 3Q 2023). Net loss: US$3.46m (loss widened 41% from 3Q 2023). Revenue is forecast to grow 17% p.a. on average during the next 2 years, compared to a 7.6% growth forecast for the Semiconductor industry in Germany. Over the last 3 years on average, earnings per share has fallen by 44% per year whereas the company’s share price has fallen by 47% per year. Announcement • Nov 05
Kopin Corporation to Report Q3, 2024 Results on Nov 12, 2024 Kopin Corporation announced that they will report Q3, 2024 results Pre-Market on Nov 12, 2024 Announcement • Sep 21
Kopin Corporation has completed a Follow-on Equity Offering in the amount of $26.9675 million. Kopin Corporation has completed a Follow-on Equity Offering in the amount of $26.9675 million.
Security Name: Common Stock
Security Type: Common Stock
Securities Offered: 37,550,000
Price\Range: $0.65
Discount Per Security: $0.039
Security Name: Pre-Funded Warrants
Security Type: Equity Warrant
Securities Offered: 4,000,000
Price\Range: $0.64
Discount Per Security: $0.039 Announcement • Sep 20
Kopin Corporation has filed a Follow-on Equity Offering. Kopin Corporation has filed a Follow-on Equity Offering.
Security Name: Common Stock
Security Type: Common Stock
Security Name: Pre-Funded Warrants
Security Type: Equity Warrant Announcement • Sep 10
Kopin Corporation Appoints Paul V. Walsh, Jr to Its Board Kopin Corporation announced that Paul V. Walsh, Jr has joined Kopin Corporation’s Board of Directors. Paul brings a wealth of experience as a financial leader in public and private companies in the technology manufacturing space, primarily in the semiconductor industry. An engineer by training, Paul currently serves on the Board of Semtech Corporation and most recently served as the CFO for Allegro Microsystems, a $5 billion market cap company. Paul also has extensive operational and capital market experience. Prior to Allegro, Paul was Chief Financial Officer at Silicon Laboratories and had valuable experiences at other industry peers such as Teradyne and Analog Devices. Mr. Walsh holds a Bachelor of Science in Mechanical Engineering from the University of Maine, a Master of Business Administration from Boston University and a Grad. Certificate in Accountancy from Bentley University. Announcement • Aug 12
Kopin Regains Compliance with Nasdaq Minimum Bid Price Requirement Kopin Corporation announced that it has received a letter from The Nasdaq Stock Market informing that Kopin Corporation (Kopin) has regained compliance with Nasdaq's minimum bid price for continued listing on the Nasdaq Capital Market set in Nasdaq Listing Rule 5550(a)(2). According to Nasdaq’s letter, Nasdaq had determined that for 10 consecutive business days, the closingbid price of the Kopin's common stock has been at $1.00 per share or greater. Accordingly, Kopin has regained compliance with the Minimum Bid Price Requirement. Reported Earnings • Aug 09
Second quarter 2024 earnings released: US$0.049 loss per share (vs US$0.074 loss in 2Q 2023) Second quarter 2024 results: US$0.049 loss per share (improved from US$0.074 loss in 2Q 2023). Revenue: US$12.3m (up 18% from 2Q 2023). Net loss: US$5.92m (loss narrowed 28% from 2Q 2023). Revenue is forecast to grow 17% p.a. on average during the next 2 years, compared to a 8.6% growth forecast for the Semiconductor industry in Germany. Over the last 3 years on average, earnings per share has fallen by 44% per year whereas the company’s share price has fallen by 46% per year. New Risk • Aug 04
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: €91.2m (US$99.6m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (12% average weekly change). Minor Risks Currently unprofitable and not forecast to become profitable next year (US$30m net loss next year). Shareholders have been diluted in the past year (5.1% increase in shares outstanding). Market cap is less than US$100m (€91.2m market cap, or US$99.6m). Announcement • Aug 02
Kopin Corporation to Report Q2, 2024 Results on Aug 08, 2024 Kopin Corporation announced that they will report Q2, 2024 results on Aug 08, 2024 Announcement • Jul 25
Kopin Achieves Milestone in Ai Enabled Neuraldisplay™ Software Development Kopin Corporation announced it has achieved a milestone in the development of its NeuralDisplay™ platform software. The innovative software platform has now reached the Alpha testing stage of development, marking a significant milestone in Kopin’s NeuralDisplay™ development efforts. Since beginning development in 2023, Kopin has aimed to revolutionize the Organic Light Emitting Diode on Silicon (OLEDoS) and Micro Light Emitting Diode (MicroLED) microdisplays for defense, consumer and other spatial computing applications. Accomplishing this required a unique innovation. The human eye is the gateway to the user’s environment and their neurological state. By integrating traditional RGB pixels, image-sensing pixels and advanced signal processing algorithms into a silicon backplane, NeuralDisplay™ achieves high-fidelity eye tracking, gaze monitoring and neurological response analysis, while maintaining real-time display performance. The demonstration video of Kopin’s NeuralDisplay™ eye-tracking software. The video showcases a user controlling a spaceship with their eye movements, with the software tracking and measuring these movements. The green captions indicate pupil size, and the red circle shows the eye's focus point, with the spaceship following the user's gaze. Announcement • Jul 19
Kopin Corporation Achieves Production Approval Milestone on Next Generation F-35 OLEDoS Microdisplay Kopin Corporation announced that it has achieved the final milestone in the production qualification of its high performance Organic Light Emitting Diode on Silicon (OLEDoS) display for Collins Aerospace’s F-35 Lightning II Helmet Mounted Display System (HMDS). Kopin is the sole-source supplier of its high-brightness AMLCD displays for the F-35 helmets under a multi-year procurement agreement that is expected to continue over several additional years. The display technology used in the F-35 helmets will be transitioning to Kopin’s next-generation OLEDoS in the coming years. Under the agreement Collins Aerospace, an RTX business, will fund Kopin’s purchase of production test equipment required to scale OLEDoS to full mass-production. Kopin completed its full performance validation of the OLEDoS display in preparation for customer qualification and flight testing. As the large procurement program in the Department of Defense (DOD), the F-35 strike fighter aircraft is being procured in different configurations for multiple branches of the DOD, including the United States Air Force, Marine Corps, and Navy (NAVAIR). Announcement • Jul 10
Kopin Corporation Expands Medical Offerings to Include Spatial Light Modulator That Enable Super-Resolution Microscopes Kopin Corporation announced an expansion of its medical technology portfolio with the introduction of its proprietary high-resolution, fast Spatial Light Modulators (SLMs) into fluorescence super-resolution microscope systems for biomedical research. In a recent article by Nature Communications (1), EPFL in Lausanne, Switzerland, renowned for its technological innovation, has developed an open-source add-on known as openSIM. This add-on integrates Kopin's SLMs into existing microscopes, transforming them into Structured Illumination super-resolution Microscopes (SIM). This breakthrough enables researchers globally to upgrade their equipment without the expense of purchasing entirely new systems, democratizing access to advanced microscopy techniques for innovative life sciences research. Additionally, it was recently reported in Nature (2) that researchers at the European Molecular Biology Lab (EMBL) in Heidelberg, Germany, have leveraged Kopin's fast-switching binary Ferroelectric LCOS (FLCOS) technology in the development of a 3D MINFLUX optical system. MINFLUX offers unprecedented resolution down to nanometer scales, revolutionizing super-resolution imaging and single fluorophore tracking. This open-source approach promises cost-effective solutions for high-performance microscopy, further advancing biomedical research capabilities. Announcement • Jun 14
Kopin Corporation Announces Board and Committee Changes Kopin Corporation announced that following the Company's annual meeting on June 6, Kopin CEO and President, Michael Murray has been appointed as Chairperson of the Board. Dr. Jill Avery has been appointed Lead Independent Director. Margaret Seif has been appointed as a new member of the board. Mr. Murray has served as Kopin's CEO since 2022 and will assume responsibilities as Chairperson of the Board, succeeding Jim Brewington, who is retiring as a director of the Company. Dr. Jill Avery has served as a director on Kopin's board and is a member of the Audit, Nominating, and Corporate Governance committees. Her committee assignments will not change as she assumes the responsibilities of Lead Independent Director. Margaret Seif joins the board as a new member and will serve as Chairperson of the Nominating and Corporate Governance Committee. Ms. Seif will also be a member of the Audit and Compensation committees. From 2014 to 2022 Ms. Seif held various positions including Chief People Officer and Chief Legal Officer at Analog Devices Inc. (ADI), a global leader in the design and manufacturing of analog, mixed signal, and DSP integrated circuits. In her roles at ADI Ms. Seif's responsibilities included corporate governance and liaison to the Board of Directors for shareholder matters, had a lead role in multiple mergers and acquisitions, teamed with CIO and Engineering leaders to develop cyber risk mitigation strategies, and developed policies and procedures to protect ADI's portfolio of intellectual property assets. From 1998 to 2005 Ms. Seif was Senior Vice President, Corporate Development and General Counsel Secretary at RSA Security Inc. Ms. Seif serves on the Board of Advisors for Community Servings Inc., and the New England Regional Council of the Smithsonian Institution. Ms. Seif has a Bachelor of Arts from Brown University and a Doctor of Jurisprudence from the University of Michigan Law School. During the past five years, Ms. Seif served as Corporate Secretary of ADI. Announcement • Jun 13
Kopin Receives Deficiency Letter from Nasdaq Due to Non-Compliance with the Minimum Bid Price Requirement for Continued Inclusion on the Nasdaq Capital Market Under Nasdaq Listing Rule 5550(a)(2) On June 5, 2024, Kopin Corporation (the ‘Company’) received a deficiency letter from the Listing Qualifications Department (the ‘Staff’) of the Nasdaq Stock Market (‘Nasdaq’) notifying the Company that, for the preceding 30 consecutive business days, the closing bid price for the Company’s common stock was below the minimum $1.00 per share requirement for continued inclusion on The Nasdaq Capital Market pursuant to Nasdaq Listing Rule 5550(a)(2) (the ‘Minimum Bid Price Requirement’). The notification received has no immediate effect on the Company’s Nasdaq listing. In accordance with Nasdaq rules, the Company has been provided an initial period of 180 calendar days, or until December 2, 2024 (the ‘Compliance Date’), to regain compliance with the Minimum Bid Price Requirement. If, at any time before the Compliance Date, the closing bid price for the Company’s common stock is at least $1.00 for a minimum of 10 consecutive business days, the Staff will provide the Company written confirmation of compliance with the Minimum Bid Price Requirement. If the Company does not regain compliance with the Minimum Bid Price Requirement by the Compliance Date, the Company may be eligible for an additional 180 calendar day compliance period. To qualify, the Company will be required to meet the continued listing requirement for market value of publicly held shares and all other initial listing standards for The Nasdaq Capital Market, with the exception of the Minimum Bid Price Requirement, and will need to provide written notice of its intention to cure the deficiency during the second 180 calendar day compliance period, by effecting a reverse stock split, if necessary. If the Company does not regain compliance with the Minimum Bid Price Requirement by the Compliance Date and is not eligible for an additional compliance period at that time, the Staff will provide written notification to the Company that its common stock will be subject to delisting. At that time, the Company may appeal the Staff’s delisting determination to a Nasdaq Hearings Panel. There can be no assurance that the Company will regain compliance or otherwise maintain compliance with any of the other listing requirements. The Company intends to monitor the closing bid price of its common stock and may, if appropriate, consider available options to regain compliance with the Minimum Bid Price Requirement. Announcement • May 23
Kopin Corporation Announces Resignation of Scott Anchin as Board Director and Head of the Audit Committee Kopin Corporation announced that Scott Anchin, board director and head of the audit committee, has notified the Company of his intention to step down from his board position, effective May 31st. Mr. Anchin has entered into a new employment agreement with another company that requires him to resign from all outside Board roles. Reported Earnings • May 16
First quarter 2024 earnings released: US$0.27 loss per share (vs US$0.025 loss in 1Q 2023) First quarter 2024 results: US$0.27 loss per share (further deteriorated from US$0.025 loss in 1Q 2023). Revenue: US$10.0m (down 6.7% from 1Q 2023). Net loss: US$32.5m (loss widened US$29.9m from 1Q 2023). Revenue is forecast to grow 17% p.a. on average during the next 2 years, compared to a 8.2% growth forecast for the Semiconductor industry in Germany. Over the last 3 years on average, earnings per share has fallen by 44% per year whereas the company’s share price has fallen by 49% per year. New Risk • May 15
New minor risk - Profitability The company is currently unprofitable and not forecast to become profitable over the next 2 years. Trailing 12-month net loss: US$20m Forecast net loss in 2 years: US$9.2m This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (13% average weekly change). Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (US$9.2m net loss in 2 years). Shareholders have been diluted in the past year (6.1% increase in shares outstanding). Market cap is less than US$100m (€88.8m market cap, or US$96.7m). Announcement • May 10
Kopin Corporation to Report Q1, 2024 Results on May 14, 2024 Kopin Corporation announced that they will report Q1, 2024 results on May 14, 2024 Announcement • Apr 28
Kopin Corporation, Annual General Meeting, Jun 06, 2024 Kopin Corporation, Annual General Meeting, Jun 06, 2024, at 09:00 US Eastern Standard Time. Location: Morgan, Lewis & Bockius LLP, One Federal Street, Boston Massachusetts United States Agenda: To elect the six directors named in the accompanying proxy statement to serve on the board of directors of the company each for a term expiring at the 2025 annual meeting of stockholders and until their successors are duly elected and qualified; to approve an amendment to the company’s 2020 equity incentive plan to increase the number of shares authorized for issuance under the 2020 equity incentive plan from 11,000,000 to 14,000,000; to approve an amendment to the company’s certificate of incorporation to increase the number of authorized common shares from 150,000,000 to 200,000,000; to ratify the appointment of RSM US LLP as the independent registered public accounting firm of the company for the current fiscal year ending December 28, 2024; and to approve, on an advisory basis, the compensation of the company’s named executive officers during the fiscal year ended December 30, 2023. Announcement • Apr 26
Kopin Corporation Achieves Important Technical Milestones in Development of Neuraldisplay™ Architecture Kopin Corporation announced it has achieved two important milestones in the development of its NeuralDisplay™ architecture for consumer and defense applications, which has been an on-going effort, for the past year. and not force the user to adapt to the technology in a highly cost-effective manner. Kopin has been developing a software-defined, artificially intelligent microdisplay architecture for integrated eye tracking and dynamic brightness and contrast controls. This new platform is designed to allow Kopin’s organic light-emitting diode (OLED) and inorganic light-emitting diode (MicroLED) display customers to adapt the technology to the user As part of the development plan, Kopin has demonstrated an OLED display that tracks eye movement, position and gaze while displaying video using Kopin’s internally developed software and AI engine. The robust hardware architecture for the NeuralDisplay includes display units and binocular wearable mounts. This design not only supports the fundamental features of the technology but is also versatile enough to demonstrate its key benefits effectively. Further, Kopin has developed proprietary eye-tracking signal flows and is focused on expanding datasets to train more sophisticated and robust AI models, which are expected to improve performance and reliability significantly. Announcement • Apr 24
Kopin Corporation Provides an Update on Case Against BlueRadios Inc On April 22, 2024, a jury verdict was entered in the U.S. District Court for the District of Colorado finding for the plaintiff, BlueRadios Inc. and awarding approximately $5.1 million in damages as well as recommending $19.7 million in disgorgement and exemplary damages. The Court will take that recommendation under advisement and will rule on the final number after briefing on the issues in the matter of BlueRadios Inc. v. Kopin Corporation Inc. Reported Earnings • Mar 15
Full year 2023 earnings released: US$0.18 loss per share (vs US$0.21 loss in FY 2022) Full year 2023 results: US$0.18 loss per share. Revenue: US$40.4m (down 15% from FY 2022). Net loss: US$19.7m (loss widened 2.2% from FY 2022). Revenue is forecast to grow 14% p.a. on average during the next 2 years, compared to a 8.2% growth forecast for the Semiconductor industry in Germany. Announcement • Mar 08
Kopin Corporation to Report Q4, 2023 Results on Mar 14, 2024 Kopin Corporation announced that they will report Q4, 2023 results on Mar 14, 2024 New Risk • Nov 14
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of German stocks, typically moving 9.4% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (9.4% average weekly change). Minor Risks Currently unprofitable and not forecast to become profitable next year (US$12m net loss next year). Shareholders have been diluted in the past year (19% increase in shares outstanding). Reported Earnings • Nov 12
Third quarter 2023 earnings released: US$0.022 loss per share (vs US$0.066 loss in 3Q 2022) Third quarter 2023 results: US$0.022 loss per share (improved from US$0.066 loss in 3Q 2022). Revenue: US$10.6m (down 9.6% from 3Q 2022). Net loss: US$2.45m (loss narrowed 60% from 3Q 2022). Revenue is forecast to grow 8.9% p.a. on average during the next 2 years, compared to a 7.6% growth forecast for the Semiconductor industry in Germany. Over the last 3 years on average, earnings per share has fallen by 33% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Announcement • Nov 08
Kopin Corporation Appoints David Nieuwsma to Board of Directors Kopin Corporation announced David Nieuwsma has joined Kopin Corporation's Board of Directors. David brings decades of experience in corporate leadership, defense technologies and a long track record of leadinginnovative and diverse teams. A former US Air Force officer, over his 32-year career with Collins Aerospace, Mr. Nieuwsma accumulated a broad range of experience in engineering leadership, product line management, sales, marketing and strategy development. He led numerous lines of business at Collins Aerospace including roles as Executive Vice President, Information Management Solutions, President, Interior Solutions and President, Avionics Solutions. Mr. Nieuwsma holds a Bachelor of Science, Management from the US Air Force Academy in Colorado Springs, Colorado, a Bachelor of Science, Computer Science, from Chapman College, Orange, California, and a Master of Business Administration from the University of Iowa. He spent five years in the US Air Force, completing his military career attaining the rankof Captain, as an Acquisition Project Officer, Ballistic Systems Division, Norton AFB, California. Announcement • Oct 27
Kopin Corporation to Report Q3, 2023 Results on Nov 09, 2023 Kopin Corporation announced that they will report Q3, 2023 results on Nov 09, 2023 Reported Earnings • Aug 11
Second quarter 2023 earnings released: US$0.074 loss per share (vs US$0.063 loss in 2Q 2022) Second quarter 2023 results: US$0.074 loss per share (further deteriorated from US$0.063 loss in 2Q 2022). Revenue: US$10.5m (down 12% from 2Q 2022). Net loss: US$8.18m (loss widened 45% from 2Q 2022). Revenue is expected to decline by 23% p.a. on average during the next 3 years, while revenues in the Semiconductor industry in Germany are expected to grow by 8.0%. Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Buying Opportunity • Aug 08
Now 21% undervalued Over the last 90 days, the stock is up 78%. The fair value is estimated to be €2.01, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has declined by 2.5%. Revenue is forecast to decline by 3.0% in a year. Earnings is forecast to grow by 53% in the next year. Announcement • Aug 05
Kopin Corporation to Report Q2, 2023 Results on Aug 10, 2023 Kopin Corporation announced that they will report Q2, 2023 results on Aug 10, 2023 Announcement • Jun 08
Kopin Corporation Achieves Important Milestone in Development of Ultra-High Brightness MicroLED Display Kopin® Corporation announced that it has achieved an important milestone in the development of its superbright 2K x 2K monochrome MicroLED display. Micro-displays used in Augmented Reality (AR) applications require very high brightness for a user to see images clearly and crisply when using a device in bright daylight conditions and in see-through enabled applications. Kopin’s 1” diagonal 2K x 2K MicroLED display (2048 x 2048 resolution) has been developed to support high-performance defense and AR applications. The initial production verification samples utilizing Kopin’s proprietary backplane and drive technology have achieved brightness levels of over 2.8 million nits1 and the brightness of the production displays is projected to increase to between 3.2-3.5 million nits. Inorganic Light Emitting Diode (MicroLED or µLED) technology is widely seen across the display industry as an important technology for the future and especially for AR systems where its combination of brightness and efficiency is well matched to the market requirements. The brightness and image quality achieved in the production verification displays has allowed Kopin’s initial MicroLED customer to start integrating the displays into their system for low-rate initial production testing. Announcement • Jun 02
Kopin Corporation Announces Chairman of the Board Changes Kopin Corporation announced that it has elected a new Chairman, Mr. James Brewington, following its annual meeting of stockholders on May 25, 2023. Dr. John C.C. Fan, who previously served as Chairman of the Board, will remain on Kopin’s Board of Directors. Dr. Fan retired as Kopin’s President and Chief Executive Officer in 2022. Dr. Fan is the Founder of Kopin Corporation and has served as Chairman of the Board since organization in April 1984. Dr. Fan received a Ph.D. in Applied Physics from Harvard University. Dr. Fan has authored over 200 publications, edited three books and has over 70 patents. Dr. Fan was also the Co-Founder and Chairman of several integrated circuit and advanced materials companies. Dr. Fan received the Society of Information Display’s “Special Recognition Award” in 1999. Dr. Fan was the Ernst & Young “New England Entrepreneur of the Year” in 2000, and a “National Finalist.” He was chosen as one of the “Top 25 Asian American Entrepreneurs” by Asia Week in 1999, and one of the “Top 100 Asian American Entrepreneurs” between 1999-2004 by Asian.net. Dr. Fan was chosen as one of the USA’s “Top 15 Nanotechnology Innovators” by NASA’s Nanotech Briefs in 2005. In 2020, Dr. Fan was also elected as a member of the USA National Academy of Engineering (NAE) for his contributions “For Innovation and Entrepreneurship in Electronic Materials and Devices for Displays.” Mr. Brewington has served as one of directors since 2006. Mr. Brewington retired as President of Developing Markets at Lucent Technologies in 2007. Prior to heading Lucent’s Developing Markets group, Mr. Brewington served as President of that company’s Mobility Solutions Group, where he was responsible for all wireless infrastructure for the mobility segment, including global wireless development and product architecture, project management and business management. He began his career at AT&T in 1968, and over the upcoming years he has held various executive management positions in the telecommunications industry, including overseeing Bell Telephone Wireless Laboratories. Reported Earnings • May 12
First quarter 2023 earnings released: US$0.025 loss per share (vs US$0.015 loss in 1Q 2022) First quarter 2023 results: US$0.025 loss per share (further deteriorated from US$0.015 loss in 1Q 2022). Revenue: US$10.8m (down 7.1% from 1Q 2022). Net loss: US$2.63m (loss widened 92% from 1Q 2022). Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 16% per year, which means it is well ahead of earnings. Announcement • May 05
Kopin Corporation to Report Q1, 2023 Results on May 11, 2023 Kopin Corporation announced that they will report Q1, 2023 results on May 11, 2023 Reported Earnings • Mar 15
Full year 2022 earnings released: US$0.21 loss per share (vs US$0.15 loss in FY 2021) Full year 2022 results: US$0.21 loss per share (further deteriorated from US$0.15 loss in FY 2021). Revenue: US$47.4m (up 3.8% from FY 2021). Net loss: US$19.3m (loss widened 44% from FY 2021). Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has increased by 58% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Feb 03
Kopin Corporation Announces Resignation of Hong Choi as Chief Technology Officer Kopin Corporation announced that on January 31, 2023, Dr. Hong Choi, the Company’s Chief Technology Officer, resigned from his position with the Company. Announcement • Jan 07
Kopin Corporation Announces Board Changes Kopin Corporation announced on January 5, 2023, Dr. Boryeu Tsaur, the Company's Executive Vice President Display Operations, resigned from his position with the Company. Announcement • Jan 05
Kopin Corporation Showcases Expanded Family of Lightning® OLED Microdisplays At Pepcom’s Digital Experience! During CES 2023 Kopin Corporation announced it will showcase an expanded family of Lightning® OLED microdisplays at this year’s Pepcom’s Digital Experience! (Pepcom) during the Consumer Electronics Show (CES). Kopin’s OLED-on-silicon microdisplay technology is an industry leader for high resolution, high frame rate, and low power consumption, which are required for making compact, stylish AR/VR/MR headsets. Kopin’s 2.6K x 2.6K (2560 x 2560) OLED microdisplay exhibit performance with high color fidelity, 30-bit video input, up to 120-Hz frame rates and high pixel density (approximately 3000 ppi compared to the best iPhone screens with < 500 ppi), which provide a smooth, high dynamic range (HDR) quality visual experience. Kopin’s patented DoCTM backplane integrates MIPI and display stream compression circuits, together with duo-stack OLED architecture, to provide the high brightness and ultralow power performance. Kopin’s expanded family of Lightning OLED products includes new ultralow power 0.26” VGA (640 x 480), 0.39” XGA (1024 x 768), and 0.61” XGA microdisplays targeted at portable handheld and wearable products. These complement Kopin’s existing 0.49” 720p (1280 x 720) and 0.99” 2K (2048 x 2048) OLED microdisplays and upgraded 1.3” 2560 x 2560 resolution MIPI-interface display for VR use. Joining Kopin at Pepcom is Lakeside Lightning Semiconductor (Lakeside) who broke ground in November 2022 on a new, OLED manufacturing facility to process 12” OLED backplane wafers. The new facility is expected to be online in 2024. Lakeside is also planning a second 12” OLED wafer. The new 12” facility, together with Lakeside’s existing 8” wafer fab, are expected to provide large-volume, low-cost manufacturing capability to support Metaverse market demands. Kopin Corporation will be demonstrating its latest technology at Pepcom and during CES 2023.Attendees will have the opportunity to see the key advancements of its OLED microdisplays and experience the hardware hands-on in a VR headset. Announcement • Dec 13
Kopin Corporation Announces Resignation of David E. Brook as A Member of the Board of Directors On December 9, 2022, Kopin Corporation received a letter from David E. Brook, a member of the Company's Board of Directors, informing that he has resigned from the Board effective immediately due to health reasons. Reported Earnings • Nov 02
Third quarter 2022 earnings released: US$0.048 loss per share (vs US$0.024 loss in 3Q 2021) Third quarter 2022 results: US$0.048 loss per share (further deteriorated from US$0.024 loss in 3Q 2021). Revenue: US$13.4m (up 23% from 3Q 2021). Net loss: US$4.50m (loss widened 111% from 3Q 2021). Revenue is forecast to grow 3.2% p.a. on average during the next 2 years, compared to a 8.7% growth forecast for the Semiconductor industry in Germany. Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has only increased by 29% per year, which means it is significantly lagging earnings growth. Announcement • Oct 27
Kopin Corporation to Report Q3, 2022 Results on Nov 01, 2022 Kopin Corporation announced that they will report Q3, 2022 results at 8:30 AM, US Eastern Standard Time on Nov 01, 2022 Reported Earnings • Aug 03
Second quarter 2022 earnings released: US$0.063 loss per share (vs US$0.043 loss in 2Q 2021) Second quarter 2022 results: US$0.063 loss per share (down from US$0.043 loss in 2Q 2021). Revenue: US$11.9m (up 20% from 2Q 2021). Net loss: US$5.65m (loss widened 47% from 2Q 2021). Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth. Announcement • Jul 28
Kopin Corporation to Report Q2, 2022 Results on Aug 02, 2022 Kopin Corporation announced that they will report Q2, 2022 results at 8:30 AM, US Eastern Standard Time on Aug 02, 2022 Announcement • Jun 26
Kopin Corporation(NasdaqCM:KOPN) dropped from Russell 3000E Index Kopin Corporation(NasdaqCM:KOPN) dropped from Russell 3000E Index Reported Earnings • May 04
First quarter 2022 earnings released: US$0.015 loss per share (vs US$0.047 loss in 1Q 2021) First quarter 2022 results: US$0.015 loss per share (up from US$0.047 loss in 1Q 2021). Revenue: US$11.6m (flat on 1Q 2021). Net loss: US$1.37m (loss narrowed 67% from 1Q 2021). Over the last 3 years on average, earnings per share has increased by 65% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Announcement • Apr 22
Kopin Corporation, Annual General Meeting, May 26, 2022 Kopin Corporation, Annual General Meeting, May 26, 2022, at 09:00 US Eastern Standard Time. Location: Morgan, Lewis & Bockius LLP, One Federal Street Boston Massachusetts United States Agenda: To elect the six (6) directors; to A proposal to approve an amendment to the Company’s 2020 Equity Incentive Plan to increase the number of shares authorized for issuance under the 2020 Equity Incentive Plan from 5,500,000 to 10,000,000; to ratify the appointment of RSM US LLP as the independent registered public accounting firm of the Company for the current fiscal year ending December 31, 2022; to approve, on an advisory basis, the compensation of the Company’s named executive officers during the fiscal year ended December 25, 2021. Reported Earnings • Mar 09
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: US$0.15 loss per share (down from US$0.054 loss in FY 2020). Revenue: US$45.7m (up 14% from FY 2020). Net loss: US$13.7m (loss widened 211% from FY 2020). Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 14%, compared to a 15% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 63% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth. Announcement • Feb 18
Kopin Corporation to Report Q4, 2021 Results on Mar 08, 2022 Kopin Corporation announced that they will report Q4, 2021 results on Mar 08, 2022 Announcement • Jan 06
Kopin Corporation Announces New All-Plastic Pancake® Optics with Excellent Performance for Virtual Reality (Metaverse) Applications Kopin Corporation announced it has developed a new all-plastic Pancake® optics for its new-generation 1.3” 2.6K x 2.6K Lightning® organic light emitting diode (OLED) microdisplay with outstanding performance for virtual reality (VR) applications. The new Pancake optics (named P80) enables the design of compact, lightweight, stylish VR glasses that are comfortable to wear for extended hours with no need for adjustment, even for people who wear eyeglasses. The P80 Pancake optics provides a very sharp, 77° field-of-view (FOV) image with very long (23 mm) eye relief and large (12-mm-diameter) eye box. Kopin previously announced the world’s first all-plastic Pancake optics with 95° FOV but with a smaller eye relief and eye box. Recent Insider Transactions • Dec 09
Lead Independent Director recently sold €90k worth of stock On the 7th of December, Morton Collins sold around 20k shares on-market at roughly €4.49 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €6.4m more than they bought in the last 12 months. Reported Earnings • Nov 03
Third quarter 2021 earnings released: US$0.024 loss per share (vs US$0.012 loss in 3Q 2020) The company reported a soft third quarter result with increased losses and weaker control over costs, although revenues improved. Third quarter 2021 results: Revenue: US$10.9m (up 14% from 3Q 2020). Net loss: US$2.13m (loss widened 122% from 3Q 2020). Over the last 3 years on average, earnings per share has increased by 59% per year but the company’s share price has only increased by 36% per year, which means it is significantly lagging earnings growth. Recent Insider Transactions • Aug 26
Co-Founder recently bought €232k worth of stock On the 24th of August, Chin Fan bought around 50k shares on-market at roughly €4.64 per share. This was the largest purchase by an insider in the last 3 months. This was Chin's only on-market trade for the last 12 months. Reported Earnings • Aug 04
Second quarter 2021 earnings released: US$0.043 loss per share (vs US$0.014 loss in 2Q 2020) The company reported a soft second quarter result with increased losses and weaker control over costs, although revenues improved. Second quarter 2021 results: Revenue: US$9.91m (up 12% from 2Q 2020). Net loss: US$3.85m (loss widened 243% from 2Q 2020). Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has only increased by 38% per year, which means it is significantly lagging earnings growth. Announcement • Jun 23
Kopin Corporation Produces World’S First 35,000-Nit Hdr Green Oled Microdisplay Kopin Corporation announced it has produced the world’s first ultrahigh-brightness (> 35,000 nits), high-dynamic-range (HDR), green Organic Light Emitting Diode (OLED) microdisplay on silicon, designed for high-performance Augmented Reality (AR) applications. This superbright HDR 1”-diagonal SXGA (1280 x 1024 resolution) OLED microdisplay is currently in development, with performance data measured on initial engineering samples. Announcement • Jun 16
Kopin Corporation Announces All-Plastic Pancake® Optics with Excellent Performance Kopin® Corporation has succeeded in developing all-plastic Pancake® optics with breakthrough performance for virtual reality (VR), augmented reality (AR) and mixed reality (MR) applications. This is a major advance and believed to be the first all-plastic Pancake optics in the world with excellent performance. Kopin has applied for three patents on the design, manufacturing processes and system utilization of all plastic Pancake optics, and expects additional filings to follow. Pancake optics, compared to other optics designs, can provide a far superior magnified image quality in a much thinner form factor, especially for products with field of views (FOV) ranging from 50 degrees to 100 degrees. However, previous Pancake optics needed at least one spherical glass lens to avoid image artifacts caused by birefringence of the plastic material, but this glass lens added both weight and cost to the lens system. Kopin’s new all-plastic Pancake optics with all aspherical lenses (compared to previous Pancake optics using spherical glass lens) substantially reduce the weight and thickness while significantly improving the image quality – all at a lower cost. Pancake optics work by reflecting light back and forth within the optical system. In order to reflect the light correctly and avoid image artifacts, the polarization state of light must be precisely controlled. Unfortunately, plastic materials usually have large birefringence that disturbs the polarization state, and until now all-plastic lenses have not been able to overcome the disturbance of the polarization state. Company’s all-plastic two-element Pancake optics have virtually no birefringence. At the core of the technology is a patented aspherical optical lens design that achieves great image performance and processing methods to preserve the negligible birefringence of a special plastic material with unique characteristics. The result is a Pancake optics system with better image quality, much smaller size, lighter weight and lower cost than anything previously available. Company’s first all-plastic Pancake optics (named P95) optimized for company’s 1.3” 2.6K x 2.6K organic light emitting diode (OLED) microdisplay (2560 x 2560 resolution) provides a 95° field of view. The center holds an extremely sharp image with excellent modular transfer function. This sharpness is maintained even out to the edge of the field of view, a critical and difficult to achieve performance feature for VR applications. At just 16mm thickness and only 15g per lens set, the new Pancake optics are dramatically thinner and lighter than the optics used in today’s VR headsets and provides exactly what consumers have been asking for. Combined with company’s 2.6K x 2.6K high-brightness OLED microdisplay, the P95 pancake optics provide a virtual image equivalent to a 250-inch diagonal display viewed at 10-foot distance with excellent image performance for VR applications. Executive Departure • Jun 02
Independent Director has left the company On the 26th of May, Richard Osgood's tenure as Independent Director ended after 2.0 years in the role. As of March 2021, Richard personally held 15.00k shares (€117k worth at the time). Richard is the only executive to leave the company over the last 12 months. Reported Earnings • May 05
First quarter 2021 earnings released: US$0.047 loss per share (vs US$0.044 loss in 1Q 2020) The company reported a solid first quarter result with improved revenues and control over costs, although losses increased. First quarter 2021 results: Revenue: US$11.7m (up 48% from 1Q 2020). Net loss: US$4.15m (loss widened 15% from 1Q 2020). Over the last 3 years on average, earnings per share has increased by 37% per year whereas the company’s share price has increased by 34% per year. Recent Insider Transactions • Mar 20
Independent Director recently sold €594k worth of stock On the 18th of March, James Brewington sold around 70k shares on-market at roughly €8.49 per share. In the last 3 months, there was an even bigger sale from another insider worth €1.6m. Insiders have been net sellers, collectively disposing of €3.8m more than they bought in the last 12 months. Recent Insider Transactions • Mar 10
Insider recently sold €830k worth of stock On the 8th of March, Boryeu Tsaur sold around 120k shares on-market at roughly €6.91 per share. In the last 3 months, there was an even bigger sale from another insider worth €1.6m. Insiders have been net sellers, collectively disposing of €2.8m more than they bought in the last 12 months. Analyst Estimate Surprise Post Earnings • Mar 03
Revenue beats expectations Revenue exceeded analyst estimates by 13%. Over the next year, revenue is forecast to grow 50%, compared to a 17% growth forecast for the Semiconductor industry in Germany. Reported Earnings • Mar 03
Full year 2020 earnings released: US$0.054 loss per share (vs US$0.37 loss in FY 2019) The company reported a solid full year result with reduced losses, improved revenues and improved control over expenses. Full year 2020 results: Revenue: US$40.1m (up 36% from FY 2019). Net loss: US$4.41m (loss narrowed 85% from FY 2019). Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has increased by 49% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Feb 10
Kopin Corporation to Report Q4, 2020 Results on Mar 02, 2021 Kopin Corporation announced that they will report Q4, 2020 results at 8:30 AM, US Eastern Standard Time on Mar 02, 2021 Announcement • Feb 03
Kopin Corporation and Hmdmd Enter Development Agreement with Major Us Medical Technology Company to Develop Wearable Display System for Surgeons Kopin Corporation announced they have signed an agreement with a major medical technology company to design a precision head-worn display system, The device, based on Kopin’s proprietary platform, will be integrated with the company’s advanced surgical systems. HMDmd, based in San Diego, is an early-stage company focused on bringing to market wearable display products, engineered and customized specifically for integration into advanced robotic and endoscopic surgical systems. Kopin, which has licensed its intellectual properties in wearable display technologies and systems for surgical uses, holds warrants for a significant minority equity position in HMDmd. The goal of the partnership is to develop a head-worn display system which allows surgeons to physically maintain a more comfortable position during surgery while accessing high-resolution real-time information such as video images from a camera in the surgical field, diagnostic images and patient-specific data. The system aims to reduce fatigue for surgeons caused by frequently lifting and turning their heads to look at conventional monitors. The arrangement between Kopin and HMDmd further strengthens Kopin’s approach to support partners with application-specific solutions to shorten product development. Kopin leverages its years of experience and expertise with sophisticated military training and simulation systems. This expertise in human visual response, ergonomics, optical system design and packaging is critical to developing a head-worn display system optimized for surgical applications.