Record Revenue and Orders
Kopin Corporation reported an all-time record year for revenue and orders since the disposition of their HBT business, with a 25% year-over-year revenue growth in 2024 and a 71% increase in fourth quarter revenue compared to 2023.
Improved Financial Performance
Fourth quarter net loss was reduced to $1.9 million or $0.01 per share compared with a net loss of $6.5 million or $0.06 per share for the fourth quarter of 2023.
Significant Defense Product Revenue Increase
Defense product revenues increased by 100% year-over-year for the fourth quarter, contributing significantly to the overall revenue growth.
Strategic Initiatives and Partnerships
Kopin's 'One Kopin' strategy and fab-lite strategy have strengthened their supply chain and improved operational efficiency. They are also exploring strategic partnerships in high-growth markets.
New Contracts and Orders
In 2025, Kopin announced further contract wins, including a $14 million purchase order for thermal imaging assemblies and $4 million in orders for pilot helmet augmented reality systems.