Kopin Q3 revenue $13.4M (+23% YoY), net loss widens to $4.5M

KOPIN CORP

2023-Q3 EPS reported -$0.14 revenue$35,217,000

Total revenues $13.4M, up 23% YoY; defense revenues up 115% YoY.
Net loss $4.5M ($0.05/share) vs. $2.1M loss ($0.02) a year ago.
Cost of product revenues 81% of net product revenues; $1M warranty charge from vendor quality issue.
Non-cash impairment charge of $2.0M on investment affected by COVID.
Cash and equivalents $15.0M, down from $29.3M at Dec 2021; sold 675K ATM shares for $900K in July.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

KOPIN CORP reported the third quarter ended September 24, 2022 results: revenue $13.4 million, net income $4.5 million, EPS $0.05 per share.

Period: the third quarter ended September 24, 2022
Revenue: $13.4 million
Net income: $4.5 million
EPS: $0.05 per share
Result: reported results

Exact text from the filing

paired with a renewed focus on operational excellence,” concluded Murray. Third Quarter Financial Results Total revenues for the third quarter ended September 24, 2022 were $13.4 million, compared to $10.9 million for the third quarter ended September 25, 2021, a 23% year-over-year increase. Cost of Product Revenues for the third quarter of 2022 was $8.0 million,

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Source: SEC EDGAR

accession 0001157523-22-001455

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