NASDAQ$KOPN
Kopin Corp · Q1 2024 earnings
Q1 2024 earnings · · Investor relations
Briefing
Reported a net loss due to increased legal fees and a judgment in the BlueRadios litigation, despite growth in defense product revenues.
Kopin Corporation reported a decrease in total revenues for Q1 2024, primarily due to a decline in funded research and development revenues, while defense product revenues increased. The company faced a significant net loss due to a legal judgment.
- Total revenues decreased by 7% year-over-year to $10.0 million.
- Defense product revenues increased by 28% year-over-year.
- Net loss attributed to Kopin Corporation was ($32.5) million, or ($0.27) per share.
- The company received a $20.5M order for a new weapon sight configuration and a $1.4M order for a specialized weapon sight.
Headline financials
Revenue & EPS history
Kopin · Revenue · Quarterly
$207K
Revenue by segment
Kopin · $50M total across 5 segments · Q4 2024
- Defense$41.2M—82.5%
- R&D$6M—12.0%
- Industrial/Enterprise$2.2M—4.4%
- License and Royalties$442K—0.9%
- Medical$103K—0.2%
Forward guidance
Kopin anticipates double-digit revenue growth in 2024 and aims for cash flow breakeven by year-end, with sustainable revenue and profitable growth.
Tailwinds
- 2024 revenues will have double digit-growth
- New designs and opportunities with our current and new customers is increasing
- Kopin is well positioned to deliver to our soldiers and allies the defense systems they need
- Innovations that enable the market
- Return value to our customers, society, and internal and external stakeholders
Headwinds
- Possibility that the company may not be able to continue as a going concern if the recommended disgorgement and exemplary damages in our lawsuit with BlueRadios is not reduced in the final order
- If we do not appeal any final decision by the court
- Aggressive tensions are increasing around the world
- Defense affairs are becoming more dynamic
- Disappointed in the outcome and do not believe the findings were justified by the facts regarding Blue Radios litigation
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 18 quarterly earnings reports · overlaid with Q1 2024
-1.4%
Avg return
Earnings day
-2.8%
Avg return
5 days after
+4.1%
Avg return
30 days after
42%
28 / 66 earnings
Positive
+23.3%
Q3 2020
Best reaction
-26.0%
Q2 2018
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q4 2025 | +1.0% | +2.3% | — | |
| Q1 2026 | +7.2% | +1.4% | +3.2% | |
| Q3 2025 | -0.4% | -14.3% | -9.3% | |
| Q2 2025 | +6.5% | +5.3% | +20.3% | |
| Q1 2025 | -4.6% | -4.5% | +3.2% | |
| Q4 2024 | +8.3% | +9.2% | +12.5% | |
| Q3 2024 | +17.0% | +10.7% | +40.0% | |
| Q2 2024 | +6.7% | +8.7% | +5.0% | |
| Q1 2024 | +8.4% | +7.9% | -2.6% | |
| Q4 2023 | -18.1% | -18.1% | -35.8% | |
| Q3 2023 | +15.0% | +21.3% | +22.8% | |
| Q2 2023 | -8.5% | -10.2% | -26.0% | |
| Q1 2023 | +19.0% | +29.0% | +116.0% | |
| Q4 2022 | -5.7% | -11.3% | -4.7% | |
| Q3 2022 | -5.6% | +0.0% | +49.1% | |
| Q2 2022 | -21.2% | -20.1% | -30.2% | |
| Q1 2022 | +9.2% | -9.2% | -22.7% | |
| Q4 2021 | +8.7% | -9.1% | -13.0% | |
| Q3 2021 | +16.1% | +15.6% | -13.4% | |
| Q2 2021 | -15.2% | -11.8% | -12.4% | |
| Q1 2021 | -3.0% | -0.5% | +2.2% | |
| Q4 2020 | -6.4% | -10.2% | +13.0% | |
| Q3 2020 | +23.3% | +16.7% | +50.8% | |
| Q2 2020 | -19.6% | -15.9% | -35.0% | |
| Q1 2020 | +1.7% | +10.2% | +103.4% | |
| Q4 2019 | -17.2% | -21.9% | +15.6% | |
| Q3 2019 | -6.3% | -9.1% | -9.1% | |
| Q2 2019 | -7.0% | -5.3% | -20.2% | |
| Q1 2019 | -1.6% | -4.0% | -15.1% | |
| Q4 2018 | +0.6% | -32.7% | -18.2% | |
| Q3 2018 | -20.6% | -25.8% | -37.8% | |
| Q2 2018 | -26.0% | -25.0% | -27.6% | |
| Q1 2018 | +2.1% | +0.3% | +5.4% | |
| Q4 2017 | +3.2% | +14.7% | -10.0% | |
| Q3 2017 | -9.9% | -5.1% | -10.5% | |
| Q2 2017 | +18.6% | +7.8% | +21.3% | |
| Q1 2017 | -12.4% | -18.5% | -9.2% | |
| Q4 2016 | +8.4% | +18.3% | +10.8% | |
| Q3 2016 | +0.0% | -1.0% | +31.6% | |
| Q2 2016 | -11.6% | -9.9% | -5.6% | |
| Q1 2016 | -2.4% | — | — | |
| Q4 2015 | -12.6% | — | — | |
| Q3 2015 | +5.9% | — | — | |
| Q2 2015 | +4.3% | — | — | |
| Q1 2015 | +8.9% | — | — | |
| Q4 2014 | -7.4% | — | — | |
| Q3 2014 | -1.6% | — | — | |
| Q2 2014 | +10.0% | — | — | |
| Q1 2014 | -1.9% | — | — | |
| Q4 2013 | -1.5% | — | — | |
| Q3 2013 | -12.3% | — | — | |
| Q2 2013 | -4.4% | — | — | |
| Q1 2013 | -6.7% | — | — | |
| Q4 2012 | +2.7% | — | — | |
| Q3 2012 | -10.9% | — | — | |
| Q2 2012 | -7.3% | — | — | |
| Q1 2011 | -0.6% | — | — | |
| Q1 2012 | -0.5% | — | — | |
| Q4 2009 | +1.5% | — | — | |
| Q4 2011 | +1.5% | — | — | |
| Q3 2010 | +6.3% | — | — | |
| Q3 2011 | +6.3% | — | — | |
| Q2 2010 | -10.0% | — | — | |
| Q4 2010 | -10.0% | — | — | |
| Q2 2011 | -10.0% | — | — | |
| Q1 2010 | +0.0% | — | — |
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