secwatch.observer — SEC 8-K summary
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Issuer:     KOPIN CORP (KOPN)
CIK:        0000771266
Form:       8-K
Filed at:   2023-08-10T23:59:59+00:00
Accession:  0001157523-23-001316
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/771266/000115752323001316/0001157523-23-001316-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/771266/000115752323001316/a53525767.htm
  HTML page:      https://secwatch.observer/filing/0001157523-23-001316

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