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Kopin Corporation (symbol: KOPN) is a leading innovator in the wearable technology sector. For nearly three decades, the company has been at the forefront of developing cutting-edge solutions that enhance visual, verbal, audio, and head-gesture command capabilities in wearable headsets. Kopin's offerings are utilized across various sectors including consumer electronics, military, and industrial applications.
The company's core products include high-resolution microdisplays, optical modules, and complete headset solutions. These products are designed to serve a wide array of applications, from training and simulation for military personnel to advanced medical devices. Kopin's microdisplays and spatial light modulators are particularly noteworthy for their high performance and reliability, often used in critical defense technologies such as head-mounted displays for the F-35 fighter jet.
Kopin Corporation is also committed to continuous innovation, offering both individual components and integrated reference systems. This flexibility allows their customers to either incorporate specific Kopin technologies into their own designs or adopt complete, ready-to-use solutions. The company operates primarily in the Americas but also has a significant presence in the Asia-Pacific, Europe, and other regions.
Recent achievements include partnerships with major defense contractors and advancements in their optical solutions for augmented and virtual reality applications. Financially, Kopin has demonstrated robust performance, driven by their diversified product portfolio and expanding market reach.
Innovation is at the core of Kopin's mission, as they continue to pioneer new technologies that seamlessly integrate computing capabilities into everyday human experiences. With a legacy of excellence and a forward-looking approach, Kopin Corporation is enabling a new era in wearable technology.
Solos introduced its 3rd generation smart glasses, the AirGo3 collection, featuring the innovative SmartHinge™ technology at CES 2023. Awarded as a CES Innovation Award Honoree, the AirGo3 includes advanced audio capabilities with 360° spatial audio and an IP67 waterproof rating. The lineup also presents the AirGo3 PRO, the world's first hearing smart glasses integrating audio technologies and hearing aids. Both models aim to enhance user experience in everyday life, with the base model available now and the PRO version launching later this year.
Kopin Corporation (NASDAQ: KOPN) has partnered with OPTAC-X and RealWear to introduce a groundbreaking telehealth solution. This system, the first of its kind to integrate LTE and SATCOM connectivity, enables medics in challenging environments to consult with remote physicians for advanced life-saving procedures. Utilizing RealWear's hands-free headsets featuring Kopin's Golden Pearl™ optical module, the solution supports real-time communications for critical medical assistance. Kopin, a supplier of micro-displays for the U.S. military, emphasizes the importance of its technology in enhancing medical care in severe conditions.
Kopin Corporation (NASDAQ: KOPN) will present at the Ladenburg Thalmann Virtual Technology Expo on December 7th, 2022, at 10:30 AM ET. CEO Michael Murray and CFO Richard Sneider will lead the presentation. The Expo will showcase approximately 50 technology and media companies, offering exclusive virtual presentations to invited institutional investors. Participants can also request one-on-one meetings with presenting companies. For details and registration, visit Ladenburg Tech Expo.
Kopin Corporation (NASDAQ: KOPN) will participate in the 11th Annual NYC Summit investor conference on December 13, 2022, alongside 12 other companies. The event will feature small group meetings allowing investors and analysts to interact with management teams. Presentation materials will be available on Kopin's website. Attendance is by invitation only for accredited investors and research analysts, with limited space requiring RSVP by December 1, 2022.
Solos, a manufacturer of smart glasses, is set to unveil its latest technology advancements at CES 2023. This includes the 3rd generation of their smart glasses, designed for enhanced wearability and connectivity in personal health and fitness. Following their recognition at CES 2022, Solos aims to showcase innovations that emphasize momentum in the tech industry. Their recent participation at the Wall Street Journal's Tech Live highlighted their role in emerging technology trends. The glasses are built for daily usage with a focus on style and functionality.
Kopin Corporation (Nasdaq: KOPN) reported a 23% increase in total revenues for Q3 2022, reaching $13.4 million compared to $10.9 million in Q3 2021. Defense revenues surged 115%, driving overall growth. However, the company incurred a net loss of $4.5 million, larger than the $2.1 million loss in the same period last year. Cost of product revenues rose to 81% of net revenues, impacted by a $1 million warranty charge due to a vendor quality issue. Cash reserves decreased significantly from $29.3 million at the end of 2021 to $15.0 million by September 2022.
Kopin Corporation (NASDAQ: KOPN) will announce its Q3 2022 financial results on November 1, 2022, at 8:30am ET. Key executives, including Chairman Dr. John C.C. Fan and CEO Michael Murray, will discuss the results, strategy, and business outlook during the call. Investors can join by dialing 1-888-394-8218 (U.S. and Canada) or 1-323-994-2093 (International), and a live webcast will be available on their website. Kopin specializes in advanced display and optical technologies for various applications.
Kopin Corporation (KOPN) will feature Dr. John C.C. Fan, its Founder and Chairman, in a panel discussion on October 7, 2022, at 12 PM ET. The event will focus on the current state of Augmented Reality and the Metaverse, and is accessible via their Twitter account @WSJPLUS. Kopin specializes in high-resolution micro-displays and sub-systems for defense, enterprise, and consumer applications within augmented and virtual reality sectors.
Kopin Corporation (NASDAQ: KOPN) announced a $3 million production order for a new weapon sight module, affirming its leadership in weapon sight eyepieces for military applications. The module features advanced augmented reality capabilities and utilizes their proprietary CyberDisplay technology, proven in over 250,000 systems. Expected deliveries will occur in 2023, and the order opens doors for potential follow-on contracts, particularly due to the ongoing situation in Europe, which presents further opportunities for the company.
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