Welcome to our dedicated page for Kopin news (Ticker: KOPN), a resource for investors and traders seeking the latest updates and insights on Kopin stock.
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 (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.
Kopin (NASDAQ: KOPN) has secured a $1.5 million follow-on contract to supply a near eye, thermal imaging vision system for firefighter masks. The system includes a miniaturized AMLCD and optics integrated into the mask's facepiece, connected to a small thermal camera mounted on the side. This hands-free solution allows firefighters to view clear, real-time thermal imagery in their line of sight, unaffected by smoke or other environmental conditions.
The system aims to enhance firefighters' effectiveness during search and rescue missions by freeing up both hands and providing greater situational awareness. Deliveries for this contract are planned throughout the 2025 calendar year.
Kopin (NASDAQ: KOPN) has reached a significant milestone in developing its NeuralDisplay™ platform software, advancing to the Alpha testing stage. This innovative technology aims to revolutionize OLEDoS and MicroLED microdisplays for spatial computing applications. NeuralDisplay™ integrates RGB pixels, image-sensing pixels, and advanced algorithms to achieve high-fidelity eye tracking and neurological response analysis while maintaining real-time display performance.
Key features include:
- Potential elimination of dedicated eye-tracking cameras
- Dynamic brightness, contrast, and gaze controls
- Eye fatigue monitoring
- Rapid response to neurological stimuli
A demonstration video showcases the software's capability to control a spaceship using eye movements, highlighting its potential across various industries.
Kopin (NASDAQ: KOPN) has achieved a significant milestone in the production qualification of its high-performance Organic Light Emitting Diode on Silicon (OLEDoS) display for the F-35 Lightning II Helmet Mounted Display System (HMDS). This achievement marks the final step before customer qualification and flight testing.
Kopin is the sole-source supplier of high-brightness AMLCD displays for F-35 helmets under a multi-year procurement agreement. The company's next-generation OLEDoS technology is set to replace the current display technology in the coming years. Collins Aerospace, an RTX business, will fund Kopin's purchase of production test equipment to scale OLEDoS to full mass-production.
This development positions Kopin to continue as the exclusive provider of production displays for the F-35 HMDS through two generations of display technologies, supporting the largest procurement program in the Department of Defense.
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