Kopin Corp (KOPN)
NASDAQ:KOPN
Earnings Data
Report Date
May 05, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
―Last Year’s EPS
-0.02Same Quarter Last Year
Strong Buy
Based on 3 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call balanced material near-term challenges (a sharp Q4 revenue decline of ~42.5% YoY largely attributed to a U.S. government shutdown and temporary accounting deconsolidation) against several substantial strategic positives: a $56M capital raise strengthening the balance sheet, a $15.4M IBAS color microLED award with a large addressable market, new international and drone-related partnerships, a year-end backlog of ~$37M with additional orders expected, operational automation savings, and differentiated technology portfolio (four microdisplay types plus NeuralDisplay). Management presented conservative 2026 guidance ($52M–$60M) and emphasized that many Q4 headwinds are timing-related, not structural.Company Guidance
Capital Raise and Improved Balance Sheet
Completed $56.0M in private placements from strategic and institutional investors; cash and cash equivalents of $37.8M as of 2025-12-27 (note: ~$8M excluded from consolidated results due to temporary deconsolidation). Management states capital raised removed going-concern doubt and funds growth initiatives.
Strategic Partnerships and Geographic Expansion
Established transformational partnership with Theon International (Europe/NATO footprint); sales with Theon have commenced. Announced partnerships with Ondas Holdings and Unusual Machines to target U.S. drone market and other defense applications.
Defense Program Wins and Pipeline
Awarded $15.4M IBAS color microLED program (described as a landmark win) and positioned against a serviceable available market of ~$1B in the U.S.; SBMC (Soldier Borne Mission Command) and multiple Thermal Weapon Sight and HUD/helmet programs progressing; management reports being sole-source on several DoD/NATO programs.
Backlog and Near-Term Order Visibility
Reported backlog of ~ $37M at year-end and management expects to book 'tens of millions' of additional orders within ~8 weeks deliverable in-year, supporting 2026 revenue targets.
2026 Conservative Revenue Guidance
Provided conservative 2026 revenue guidance of $52M to $60M, indicating management confidence in recovery and growth trajectory despite Q4 headwinds.
Operational Improvements and Automation
Both phases of optical automation are operational, yielding measurable throughput, quality and cost-efficiency gains; management expects >$1.0M in annual OpEx savings at full utilization and says savings are already beginning to show.
Technology Differentiation
Kopin manufactures four microdisplay types (microLED, AMLCD, LCOS, OLED) plus developing 'NeuralDisplay' technology (bidirectional sensing/display). Management reports microLED development technically on track and sees NeuralDisplay interest from customers.
Commercial Drone Opportunity
Cited first-person viewer (FPV) opportunity tied to U.S. drone market and regulatory shifts (DJI ban). Management referenced potential orders of 60k–100k FPV units (120k–240k microdisplays) starting Q3–Q4, representing a material commercial revenue opportunity.
Non-Product Revenue Growth
Non-product revenues (funded R&D/collaborative agreements/grants) increased to $2.5M in Q4 2025 from $1.7M in Q4 2024, a ~47% year-over-year increase, driven primarily by the IBAS color microLED development program.
Gross Efficiency Year-Over-Year Improvement
Cost of product revenue decreased slightly to 83% of net product revenues in Q4 2025 from 84% in Q4 2024, reflecting product mix and benefits from quality, cost containment and automation despite lower volumes.
KOPN Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
KOPN Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Mar 27, 2026 | $1.93 | $1.81 | -5.71% |
Nov 12, 2025 | $2.80 | $2.79 | -0.36% |
Aug 12, 2025 | $1.87 | $1.99 | +6.42% |
May 13, 2025 | $1.47 | $1.41 | -4.08% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Kopin Corp (KOPN) report earnings?
Kopin Corp (KOPN) is schdueled to report earning on May 05, 2026, Before Open (Confirmed).
What is Kopin Corp (KOPN) earnings time?
Kopin Corp (KOPN) earnings time is at May 05, 2026, Before Open (Confirmed).
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What is KOPN EPS forecast?
Currently, no data Available