secwatch.observer — SEC 8-K summary
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Issuer:     KOPIN CORP (KOPN)
CIK:        0000771266
Form:       8-K
Filed at:   2024-05-14T23:59:59+00:00
Accession:  0001493152-24-019086
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Kopin reports Q1 net loss of $32.5M driven by $24.8M Blue Radios litigation accrual; product revenues up 18%
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- Total revenues $10.0M (-7% YoY); product revenues up 18% with defense +28%, industrial -17%.
- Net loss attributed to Kopin of $32.5M ($0.27 per share) vs. $2.6M loss in prior year.
- Blue Radios jury verdict of $5.1M damages plus $19.7M disgorgement/exemplary; total $24.8M accrued.
- Received $20.5M order for new weapon sight and $1.4M order for specialized weapon sight.
- Book-to-bill 2.7:1; management expects double-digit revenue growth in 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/771266/000149315224019086/0001493152-24-019086-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/771266/000149315224019086/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-24-019086

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