Kopin Q3 revenue $13.3M (+26% YoY); defense product rev +109% but net loss widens

KOPIN CORP

2024-Q3 EPS reported -$0.34 revenue$647,617

Total revenue $13.3M, up 26% YoY; product revenues up 98% YoY driven by defense (+109%).
Net loss $3.5M ($0.03/share) vs $2.5M ($0.02/share) a year ago; includes $1.1M non-cash impairment.
Cost of product revenues improved to 76% from 99% of product revs due to favorable mix and quality.
Achieved production qualification for Collins Aerospace F-35 HMDS and received $2M follow-on order for AMLCD.
Guidance: double-digit revenue growth for 2024; path to profitability reaffirmed.

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