Kopin reports Q2 EPS (3c), consensus (1c)

Reports Q2 revenue $8.45M, consensus $10.57M. “The recently announced Theon Sensors, S.A investment in Kopin (KOPN) Europe and our global operations is a transformational event for Kopin,” said Michael Murray, CEO of Kopin. “Theon is a global market leading developer and manufacturer of customizable night vision, thermal imaging systems and Electro-Optical ISR systems. Kopin’s exposure to the European and Southeast Asian defense market has been minimal to date. European NATO nations have pledged to make over a trillion dollars of investments in defense. Our relationship with Theon provides Kopin with a tremendous market leading partner, a vertically integrated optical technology developer and provides immediate access into this rapidly growing market while greatly reducing the time to build our European and Southeast Asian presence and revenue. Kopin provides Theon with access to our advanced display technologies, our growing suite of application specific solutions and a trusted US defense integrator.”