Kopin ( (KOPN) ) has released a notification of late filing.
Kopin Corporation has announced a delay in filing its Form 10-K (Yearly Report) for the financial period ending December 28, 2024. The delay is primarily due to a recent change in the company’s independent registered public accounting firm, from RSM US LLP to BDO USA, P.C., which has necessitated additional time to complete the audit of the financial statements. Kopin expects to file the report within the fifteen-day extension period allowed by Rule 12b-25. Financially, the company anticipates a significant increase in net loss due to $24.8 million accrued for litigation and $6.5 million for legal expenses, raising concerns about its ability to continue as a going concern. The notification was signed by Richard A. Sneider, Treasurer and Chief Financial Officer, indicating ongoing compliance efforts.
More about Kopin
YTD Price Performance: -7.09%
Average Trading Volume: 5,307,664
Technical Sentiment Signal: Buy
Current Market Cap: $208M
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