Business Wire·Nov 10, 2026, 4:05 PM ET

Kopin Corporation Reports Third Quarter 2026 Financial Results

KOPN

Kopin Corporation reported third quarter 2026 total revenues of $18.2 million, representing a 52% year-over-year increase & a 43% sequential increase from Q2 2026.
The company secured an additional $18.6 million sole-source award from the U.S. Army for its Industrial Base Analysis & Sustainment (IBAS) program, bringing cumulative IBAS funding for color MicroLED technology to $34 million.
Neural I/o™, a MicroLED-based optical interconnect developed with Fabric.AI, is on track for its first public demonstration at CES 2027 & initial transmission-link testing has begun.
Kopin received an $800,000 grant through the Massachusetts Manufacturing Innovation Initiative (M2I2) to install advanced capital equipment for domestic MicroLED & Neural I/o™ manufacturing at its Westborough facility.
A $2.4 million order for OLED microdisplays was received from a new international thermal weapon sight manufacturer, with deliveries scheduled to begin in Q4 2026.
The company introduced an expanded first-person viewer (FPV) evaluation kit lineup at AUSA 2026 & received prototype headset orders from over a dozen new Sentinel FPV™ customers.
Loss from operations narrowed sequentially to $0.5 million, compared to a $3.5 million loss in Q2 2026, while net loss for the quarter was $3.4 million.
Operating expenses increased to $12.3 million in Q3 2026, yet the loss from operations improved by $3.0 million sequentially due to revenue growth outpacing expense increases.
As of September 26, 2026, the company held $25.8 million in cash & cash equivalents, with total cash, restricted cash, & marketable securities reaching $51.3 million.
Management expects a strong second half of 2026 & meaningful progress toward sustainable GAAP profitability, with MicroLED product manufacturing targeted for mid-2027.