Loading...
•
Jun 29, 2024
Kopin Q2 2024 Earnings Report
Reported an 18% increase in total revenues, driven by strong growth in defense product revenues.
Key Takeaways
Kopin Corporation reported an 18% increase in total revenues for the second quarter of 2024, driven by a 106% year-over-year increase in defense product revenues. The company's focus on operational excellence resulted in enhanced margins. They were also selected for several new Phase One development contracts.
Total revenues increased by 18% compared to the second quarter of 2023.
Defense product revenues increased by 106% year-over-year.
The company was selected for the U.S. Army’s Next Generation-Short Range Interceptor (NG-SRI) system development.
Kopin expects continued growth from new customers and projects.
Kopin
Kopin
Forward Guidance
Kopin anticipates continued growth, driven by new customers, projects, and a strong order book. They expect to see benefits from new designs and opportunities, with an increased emphasis on business development to expand into new international markets.
Positive Outlook
- Continued growth from new customers and projects.
- Strong order book with new and long-standing customers.
- Benefits from new designs and opportunities.
- Increased emphasis on business development.
- Expansion into new international markets.