Kopin Q1 product revenue up 17.6%, gross margin positive, net loss widens to $2.6M

KOPIN CORP

2024-Q1 EPS reported -$0.03 revenue$473,500

Total revenue $10.8M (-7% YoY); product revenue grew 17.6% driven by defense (+35%).
Product gross margin improved to 13.5% from (19.6%); R&D expense down 57% to $2.3M.
Net loss attributable to Kopin $2.6M ($0.03/sh) vs $1.4M ($0.02/sh) in Q1 2022.
Operating expenses decreased 29.5% YoY; positive book-to-bill in Q1; cash flow breakeven target by year-end.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

KOPIN CORP reported the first quarter ended April 1, 2023 results: revenue $10.8 million, net income $2.6 million, EPS $0.03 per share.

Period: the first quarter ended April 1, 2023
Revenue: $10.8 million
Net income: $2.6 million
EPS: $0.03 per share
Result: reported results

Exact text from the filing

Total revenues for the first quarter ended April 1, 2023 were $10.8 million, compared to $11.6 million for the first quarter ended March 26, 2022, a 7% decrease.

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Source: SEC EDGAR

accession 0001493152-23-016276

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