{"schema_version":"secwatch.filing_event.v1","accession":"0001157523-23-001316","form_type":"8-K","ticker":"KOPN","cik":"0000771266","company_name":"KOPIN CORP","filed_at":"2023-08-10T23:59:59+00:00","discovered_at":"2026-05-14T18:03:36.630288+00:00","generated_at":"2026-06-11T20:00:19.314980+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Kopin Q2 2023 revenue $10.5M (-12% YoY), net loss $8.2M ($0.07 EPS)","bullets":["Product revenue $6.0M down 33% YoY; defense down 28%, industrial down 43% from China demand drop.","Cost of product revenues 95% of net product revenue vs 88% a year ago on lower volumes and $415K stock comp.","SG&A $6.5M includes $2.4M in legal costs; R&D down 39% to $3.1M from OLED development spinout.","Non-cash impairment loss of $3.3M on equity investments; third consecutive positive book-to-bill quarter.","Secured $12.8M follow-on order from strategic customer; joined MIT CSAIL AI lab for augmented/virtual systems."],"urls":{"canonical":"https://secwatch.observer/filing/0001157523-23-001316","json":"https://secwatch.observer/filing/0001157523-23-001316.json","markdown":"https://secwatch.observer/filing/0001157523-23-001316.md","text":"https://secwatch.observer/filing/0001157523-23-001316.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/771266/000115752323001316/0001157523-23-001316-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/771266/000115752323001316/a53525767.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-11T20:00:19.314980+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"defa2c299fb63e3722a442c26b85c6a50ae17f6e","claim":"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.","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/771266/000115752323001316/0001157523-23-001316-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"second quarter ended July 1, 2023"},{"label":"Revenue","value":"Total revenues for the second quarter ended July 1, 2023, were $10.5 million"},{"label":"Net income","value":"Net Loss Attributable to Kopin for the second quarter of 2023 was ($8.2) million, or ($0.07) per share"},{"label":"EPS","value":"($0.07) per share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}