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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.
Kopin Corporation (Nasdaq: KOPN) reported robust financial results for Q4 and the full fiscal year ending December 26, 2020. Revenue grew 60% year-over-year in Q4, reaching $13.9 million, while total revenue for 2020 was $40.1 million, a 36% increase from 2019. Net income for Q4 was $1.3 million, a significant turnaround from a $7.3 million loss in the same quarter of 2019. Key growth sectors included defense products, which saw a 112% increase in Q4. However, public safety revenues declined due to Covid-19 impacts.
Kopin Corporation (NASDAQ: KOPN) will announce its fourth quarter and full year 2020 financial results on March 2, 2021, at 8:30 am ET. The discussion will be led by President and CEO Dr. John C.C. Fan and CFO Richard Sneider, focusing on the company's financial performance, strategy, and outlook. Interested parties can participate via phone or through a live and archived audio webcast on Kopin's website.
Kopin Corporation (NASDAQ: KOPN) has partnered with HMDmd, INC. to develop a precision head-worn display system tailored for surgical applications. This device, leveraging Kopin's advanced microdisplay technology, aims to enhance surgeons' comfort and access to real-time data during operations. HMDmd, recognized for its wearable display innovations, will benefit from Kopin's display system experience. This collaboration is positioned to shorten product development timelines, boosting the adoption of medical-grade wearable displays in surgical environments.
Kopin Corporation (NASDAQ: KOPN) announced the launch of its Lightning® 2.6K x 2.6K OLED display on chip (DoC™) integrated into Panasonic’s VR Glasses at CES 2021. This cutting-edge microdisplay offers high resolution, high brightness (>1000 nits), and excellent color fidelity (>100% sRGB) with a contrast ratio over 10,000:1, enabling an advanced HDR experience. The VR Glasses feature a compact design for comfortable long-term use, paired with integrated audio for an immersive experience. Dr. John C.C. Fan, CEO, highlighted the collaborative development with Panasonic and 3M for the glasses' technology and design.
Kopin Corporation (NASDAQ: KOPN) has signed a multi-year collaboration with Jade Bird Display to develop superbright monochrome LED microdisplays. Under this agreement, Jade Bird will supply LED wafers and hybrid bonding services for Kopin-designed Si backplane wafers, producing 2K x 2K microdisplays. This partnership enhances Kopin's portfolio, aiming for high-resolution displays with up to 4 million nits brightness, targeting applications in augmented and mixed reality. Both companies see complementary strengths in technology and production capabilities.
Kopin Corporation (NASDAQ: KOPN) has announced that CFO Richard Sneider will present at the 23rd Annual Needham Virtual Growth Conference on January 15th at 2:00 PM ET. A live Webcast of the event will be available on Kopin's investor relations website. Kopin specializes in developing innovative display and optical technologies, including ultra-small AMLCD, LCOS, and OLED displays, which serve military, industrial, and consumer markets. For further details, visit their official site.
Kopin Corporation (NASDAQ: KOPN) has announced the shipment of its first production order of 720p OLED microdisplays for public safety applications, marking a significant milestone in its OLED microdisplay business. The 0.49-inch display features Kopin’s ColorMax technology, ensuring high color fidelity of over 90% sRGB average, and a duo-stack OLED structure for enhanced current efficiency. CEO Dr. John C.C. Fan highlighted this initial order as a proof-point for their fabless OLED business model and expressed optimism for future orders leveraging their technology.
Kopin Corporation (NASDAQ: KOPN) announced that its White Pearl Optical Module and A230 Driver IC are enhancing hands-free AR capabilities for frontline workers using Iristick smart glasses. These innovations support remote assistance, crucial during COVID-19, allowing technicians to collaborate in real-time with experts. The White Pearl module offers a bright, clear display with ergonomic features, while also being energy efficient, consuming less than 100 mW at 1000 nits brightness. Kopin's diverse microdisplay product line caters to various industries, ensuring that clients have suitable options for enterprise wearables.
Kopin Corporation (Nasdaq: KOPN) reported significant growth in its third quarter ending September 26, 2020, with total revenues increasing 55% year-over-year to $9.5 million. Defense product revenues surged 140%, driven by contracts related to the FWS-I and F-35 programs. While product revenues rose to $6.5 million, funded research and development revenues more than doubled to $3.0 million. The company streamlined expenses, reducing SG&A by 40%. Despite a net loss of $1.0 million, improved financial metrics and momentum in AR/VR markets highlight Kopin's positive outlook.
Kopin Corporation (NASDAQ: KOPN) will announce its Q3 2020 financial results on November 3, 2020, at 8:30 AM ET. CEO Dr. John C.C. Fan and CFO Richard Sneider will discuss these results along with the company's strategy and outlook during the call. Interested parties can dial 1-800-437-2398 (U.S.) or 1-323-289-6576 (International) to participate and listen to the archived audio webcast on Kopin's Investor Relations website.
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