Kopin Corp (KOPN) Misses Q3 EPS by 2c, Revenues Miss

Kopin Corp (NASDAQ: KOPN) reported Q3 EPS of ($0.13), $0.02 worse than the analyst estimate of ($0.11). Revenue for the quarter came in at $5.1 million versus the consensus estimate of $7.1 million.

“The shipment of 5,000 display modules to a Tier One US internet company for its soon-to-launch next generation augmented reality (AR) smart glasses was a major milestone for Kopin and a highlight of the quarter,” said John CC Fan, CEO of Kopin Corp. “This company is helping drive the use of AR headsets by enterprises to improve efficiency and safety by allowing a worker to perform tasks hands free, such as communicating with an expert resource or document data. We expect to ramp shipments in 2019 as the product moves from testing to full production. We are also seeing significant order increases from other enterprise headset customers, reflecting the expanding interest from companies across many verticals that are seeing the benefits of AR. We anticipate shipping over 100,000 units to enterprise AR smart glass customers in 2019.

“We expect to begin beta shipments this quarter of Golden-iTM Infinity, our own solution targeting the enterprise market, with commercialization anticipated in the first quarter of 2019. Golden-i Infinity utilizes Kopin’s patented core technologies including our display, our Whisper® voice extraction for improved speech recognition, and advanced user interface controls to integrate the benefits of AR into an industrial workers’ daily tasks.”

For earnings history and earnings-related data on Kopin Corp (KOPN) click here.

You May Also Be Interested In

• Amphenol (APH) Tops Q1 EPS by 7c, offers guidance
• Peapack-Gladstone Financial (PGC) Misses Q1 EPS by 3c
• Norfolk Southern (NSC) Misses Q1 EPS by 12c