Kopin Q2 revenues up 18% YoY to $12.3M; net loss narrows to $5.9M from $8.2M

KOPIN CORP

2024-Q2 EPS reported -$0.32 revenue$441,633

Total revenues $12.3M (+18% YoY); product revenues up 84% driven by defense +106%.
Net loss ($5.9M) or ($0.05)/share vs ($8.2M) or ($0.07)/share a year ago.
Cost of product revenues improved to 79% from 95%; estimated $1.3M rework cost reduction.
SG&A up to $7.3M due to $3.1M legal fees from BlueRadios lawsuit ($1.9M in Q2 2023).
Five new customer development orders; selected for U.S. Army NG-SRI system targeting 2027 production.

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