Kopin Provides Business Update and Third Quarter 2019 Operating Results

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Go back to Kopin Provides Business Update and Third Quarter 2019 Operating Results

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

November 7, 2019 7:39 AM EST

Kopin Corp (NASDAQ: KOPN) reported Q3 EPS of ($0.08), $0.02 worse than the analyst estimate of ($0.06). Revenue for the quarter came in at $6.14 million versus the consensus estimate of $6.63 million.

Revenues Increase 20% on Strength of Military and Industrial ProductsCompletes Spinout of Solos and Whisper Audio Technology Shortly After Quarter End

We are pleased to see the initial benefits of the strategic steps we discussed last quarter to monetize our intellectual property and reduce our cost structure, said Dr. John C.C. Fan, CEO of Kopin. This quarter revenues increased approximately 20% while we... More