secwatch.observer — SEC 8-K summary
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Issuer:     KOPIN CORP (KOPN)
CIK:        0000771266
Form:       8-K/A
Filed at:   2022-11-02T23:59:59+00:00
Accession:  0001157523-22-001468
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Kopin corrects Q3 revenue to $11.7M (up 8% YoY); net loss widens to $6.1M on $3M in unusual charges
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- Corrected total revenues of $11.7M, up 8% from $10.9M a year ago; defense segment revenue grew 68% YoY.
- Net loss attributable to Kopin was $6.1M ($0.07 per share) vs. $2.1M loss ($0.02 per share) in Q3 2021.
- Results include a $1.0M warranty charge from a vendor quality issue and a $2.0M non-cash impairment on a COVID-affected investment.
- Cash and equivalents fell to $15.0M at Sept 24, 2022 from $29.3M at Dec 25, 2021; operating cash used $15.6M in nine months.
- Sold 675,000 ATM shares in July 2022 for gross proceeds of $0.9M; no further ATM sales since then.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/771266/000115752322001468/0001157523-22-001468-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/771266/000115752322001468/a52958407.htm
  HTML page:      https://secwatch.observer/filing/0001157523-22-001468

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