Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
KOPIN CORP reported second quarter ended July 1, 2023 results: revenue Total revenues for the second quarter ended July 1, 2023, were $10.5 million, net income Net Loss Attributable to Kopin for the second quarter of 2023 was ($8.2) million, or ($0.07) per share, EPS ($0.07) per share.
- Period
- second quarter ended July 1, 2023
- Revenue
- Total revenues for the second quarter ended July 1, 2023, were $10.5 million
- Net income
- Net Loss Attributable to Kopin for the second quarter of 2023 was ($8.2) million, or ($0.07) per share
- EPS
- ($0.07) per share
- Result
- reported results
Exact text from the filing
Total revenues for the second quarter ended July 1, 2023, were $10.5 million, compared to $11.9 million for the second quarter ended June 25, 2022, a 12% decrease. Product revenues for the second quarter ended July 1, 2023, were $6.0 million, compared to $9.0 million for the second quarter ended June 25, 2022. The decrease in product revenues was a result of lower defense product revenues, which decreased by $2.0 million or 28% year over year, and industrial product revenues, which decreased by $0.7 million or 43%, year over year. We believe industrial product revenues were lower due to less demand from China. In the second quarter of 2023, funded research and development revenues increased by $1.1 million or 39% due to increased funding for display systems initially used in defense programs. Cost of Product Revenues for the second quarter of 2023 was $5.7 million, or 95% of net product revenues, compared with $7.9 million, or 88% of net product revenues, for the second quarter of 2022
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