Kopin Q1 revenue $10.5M (+5% YoY), net loss $3.1M vs $32.5M; book-to-bill 2.8:1

KOPIN CORP

2025-Q2 EPS reported -$0.05 vs consensus -$0.01 ▼ miss (-267.6%)

Total revenues $10.5M, up 5% YoY; product revenues up 2%, defense product revenues up 2.8%.
Net loss $3.1M ($0.02/share) vs $32.5M ($0.27) in Q1 2024 which included $24.8M litigation reserve.
Book-to-bill 2.8:1 with ~$28M in orders received; reaffirms double-digit revenue growth in 2025.
Cost of product revenues improved to 83% of net product revenues from 95% due to increased efficiencies.
SG&A decreased to $4.7M from $7.2M primarily due to $2.9M reduction in legal fees.

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