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Sep 27
Kopin Q3 2025 Earnings Report
Kopin reported a net income of $4.1 million for Q3 2025, reversing a prior year loss, with $12 million in revenue and an EPS of $0.02.
Key Takeaways
Kopin Corporation delivered improved financial results in Q3 2025, achieving profitability on the back of reduced expenses and strong defense segment revenue. The company also strengthened its balance sheet with $26 million in cash at quarter end.
Achieved $4.1 million in net income, reversing a $3.5 million loss from the prior year
Total revenue was $12 million, primarily driven by $9.9 million in defense sales
Cost of product revenues remained high at $8.4 million, representing 79% of product revenue
Ended the quarter with $26 million in cash and a $41 million private placement closed post-quarter
Kopin
Kopin
Kopin Revenue by Segment
Revenue by Segment
Defense Revenue
CapyFin.comIndustrial/Enterprise Revenue
CapyFin.comR&D Revenue
CapyFin.comLicense and Royalties Revenue
CapyFin.com Forward Guidance
Kopin aims to leverage strategic partnerships and newly available capital to expand its presence in U.S. and international defense markets.
Positive Outlook
- Strategic investment from Theon, Ondas, and Unusual Machines closed after quarter-end
- $41 million in new capital to support technology and manufacturing development
- Positioned as a global player in microdisplays for defense
- Increased demand expected from thermal weapon displays
- Opportunities for follow-on and new customer development orders
Challenges Ahead
- Product revenues slightly declined YoY
- Cost of product revenues increased as a percentage of revenue
- Lower funded R&D revenue compared to prior year
- Decreased overall revenues versus Q3 2024
- High reliance on defense sector with limited diversification