---
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"
generated_at: "2026-06-11T20:00:19.314980+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Kopin Q2 2023 revenue $10.5M (-12% YoY), net loss $8.2M ($0.07 EPS)

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001157523-23-001316
- JSON: https://secwatch.observer/filing/0001157523-23-001316.json
- Plain text: https://secwatch.observer/filing/0001157523-23-001316.txt

## Key facts
- Earnings Releases
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/771266/000115752323001316/0001157523-23-001316-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.