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Jun 28
Kopin Q2 2025 Earnings Report
Kopin reported a decline in revenue for Q2 2025, mainly due to delays in defense orders, but maintained focus on strategic partnerships and future growth.
Key Takeaways
Kopin posted Q2 2025 revenue of $8.5 million, down from $12.3 million in the prior year, driven by lower defense-related product shipments. The company highlighted a strategic investment from Theon Sensors and anticipated improved demand in coming quarters. Net loss narrowed to $5.2 million despite reduced volume and under-absorbed overhead costs.
Q2 2025 revenue declined to $8.5 million from $12.3 million in Q2 2024
Net loss narrowed to $5.2 million from $5.9 million year-over-year
94% cost of product revenues due to under-absorption of overhead
Strategic partnership with Theon Sensors enhances global defense market access
Kopin
Kopin
Kopin Revenue by Segment
Revenue by Segment
Defense Revenue
CapyFin.comIndustrial/Enterprise Revenue
CapyFin.comMedical Revenue
CapyFin.comR&D Revenue
CapyFin.comLicense and Royalties Revenue
CapyFin.com Forward Guidance
Kopin expects future contract wins and improving order flow to support revenue growth in the coming quarters, especially through its new partnership with Theon Sensors.
Positive Outlook
- Strategic partnership with Theon to expand EU and SE Asia market access
- Expected improvement in order flow after delays in Q2
- Growing demand for advanced optical display technologies
- Prototype milestone for AI-enabled NeuralDisplay™
- Inclusion in Russell 2000 and 3000 indexes
Challenges Ahead
- Q2 revenue declined significantly due to delayed defense orders
- High cost of product revenue due to under-absorbed overhead
- Decreased government-funded R&D activity
- Lower unit volumes across thermal and training products
- Cash position decreased to $27.8 million