Kopin Q3 revenue $10.6M, net loss narrows to $2.5M; record orders

KOPIN CORP

2023-Q3 EPS reported -$0.12 revenue$1,757,739

Revenue $10.6M (down 10% YoY); product revenue fell to $5.5M, R&D revenue up 47%.
Net loss attributable to Kopin $2.5M ($0.02 loss per share) vs $6.1M loss prior year, a 59% improvement.
Fourth consecutive quarter of positive book-to-bill (~2:1); record orders including $12.8M Thermal Weapon Sight and $3.4M F-35 orders.
R&D expenses down 10% to $3.1M; SG&A up to $4.8M due to legal costs and stock compensation.
Management targets cash breakeven; expects significant production ramp in 2024.

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