Kopin Corp (NAS:KOPN)
$ 3.785 -0.065 (-1.69%) Market Cap: 701.36 Mil Enterprise Value: 676.13 Mil PE Ratio: 378.50 PB Ratio: 11.13 GF Score: 50/100

Q3 2025 Kopin Corp Earnings Call Transcript

Nov 12, 2025 / 01:30 PM GMT
Release Date Price: $2.79 (-0.36%)

Key Points

Positve
  • Kopin Corp (KOPN) has entered into strategic partnerships with global organizations like Onos Holdings, Unusual Machines, and Theon International, enhancing its market position.
  • The company has won several new multi-million dollar research, development, and production awards, strengthening its financial outlook.
  • Kopin Corp (KOPN) is the only manufacturer in the world of four different types of microdisplays, providing a unique competitive advantage.
  • The company's opportunity pipeline has surpassed $1 billion, indicating strong future growth potential.
  • Kopin Corp (KOPN) has improved its capital structure and cash position, raising $41 million from strategic and institutional investors, which supports its growth plans.
Negative
  • Total revenues for Q3 2025 decreased to $12 million from $13.3 million in the prior year, indicating a decline in sales.
  • Product revenues decreased slightly due to reduced sales from products used in pilot helmets and training and simulation.
  • Funded research and development revenues decreased to $1.2 million from $2.3 million in Q3 2024, primarily due to the timing of completed projects.
  • Cost of product revenue increased to 79% of net product revenues, up from 76% in the previous year, indicating higher manufacturing costs.
  • SG&A expenses decreased significantly due to a reduction in accrued legal expenses, but this may not be sustainable as it included one-time events.


Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

KOPN.OQ - Kopin Corp
Q3 2025 Kopin Corp Earnings Call
Nov 12, 2025 / 01:30PM GMT

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Presentation
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Unidentified_1 [1]
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Good morning everyone and welcome to the Copen Corporation 3rd quarter 2025 earnings call.

Please note that this event is being recorded.

At this time, I would like to turn the conference call over to Brian Pernovo, investor relations for Cope.

Please go ahead.

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Unidentified_2 [2]
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Thank you and good morning everyone. Before we get started, I'd like to remind everyone.

That during today's call, taking place on November 12, 2025, we will be making forward-looking statements as defined in the Private Securities Litigation Reform Act of 1
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