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Mar 29, 2025
Kopin Q1 2025 Earnings Report
Kopin Corporation reported financial results for the first quarter ended March 29, 2025.
Key Takeaways
Kopin Corporation saw a 5% increase in total revenues in Q1 2025 compared to the same period in 2024, primarily driven by a 2% increase in product revenues and a 37% increase in funded research revenues. The company significantly reduced its net loss compared to the prior year quarter, which included a substantial litigation damages reserve.
Total revenues for Q1 2025 were $10.5 million, a 5% increase year-over-year.
Net product revenues increased by 2% year-over-year, driven by defense product revenues.
Funded research and development revenues increased by 37% year-over-year.
Net loss significantly improved to ($3.1) million, or ($0.02) per share, compared to ($32.5) million, or ($0.27) per share, in Q1 2024.
Revenue by Segment
Forward Guidance
Kopin Corporation reaffirms its expectation of double-digit revenue growth in 2025 compared to 2024.
Positive Outlook
- Expectations of Double-Digit Revenue Growth in 2025 over 2024.
- Strong order flow continuing with top tier defense contractors.
- Receipt of orders for thermal weapons sights, a multi-year production program.
- Receipt of orders for microdisplays for pilot Helmet Mounted Display Systems.
- Awarded new R&D contracts focusing on advanced display technologies for soldier vision.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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