Earnings Releases·Nov 10, 2026, 4:11 PM ET

Kopin Corporation — Third Quarter 2026 Earnings Summary

Total revenue surged 52% year-over-year to $18.2 million and rose 43% sequentially to $12.7 million, driven by funded development programs transitioning from R&D to production, while operating loss narrowed to $0.5 million from a $3.5 million loss in the prior quarter.
Management forecasts a strong second half of the year and meaningful progress toward sustainable GAAP profitability, with Color MicroLED manufacturing on track for mid-2027 and Neural I/o™ scheduled for its first public demonstration at CES in January 2027.
The company secured an additional $18.6 million sole-source IBAS award, bringing cumulative funding to $34 million, alongside an $800,000 grant for domestic manufacturing equipment and a $2.4 million order for OLED microdisplays with Q4 2026 deliveries.
Cash and cash equivalents increased to $25.8 million, though the balance sheet reflects $19.7 million in accrued litigation damages and $24.2 million in restricted cash collateralizing a supersedeas bond for a litigation appeal.