Kopin Corporation (NASDAQ:KOPN) Q3 2022 Earnings Conference Call November 1, 2022 8:30 AM ET Company Participants Richard Sneider - Treasurer & Chief Financial Officer John Fan - Chairman Michael Murray - President & Chief Executive Officer Conference Call Participants Glenn Mattson - Ladenburg Kevin Dede - H.C. Wainwright Operator Good day, ladies and gentlemen and welcome to the Kopin's Third Quarter 2022 Earnings Call. Today's conference is being recorded. At this time, IÂ'd like to turn the conference o ...

Kopin Corporation (NASDAQ:KOPN) Q2 2022 Earnings Conference Call August 2, 2022 8:30 AM ET Corporate Participants John Fan - Chief Executive Officer Richard Sneider - Treasurer and Chief Financial Officer Conference Call Participants Glenn Mattson – Ladenburg Thalmann Kevin Dede – H.C. Wainwright & Co. Operator Welcome to Kopin's Second Quarter 2022 Earnings Conference Call. [Operator Instructions]. I would now like to turn the conference over to Rich Sneider, Chief Financial Officer. Please go ahead. Richa ...

Call Start: 08:30 January 1, 0000 8:39 AM ET Kopin Corporation (NASDAQ:KOPN) Q1 2022 Earnings Conference Call May 3, 2022, 8:30 AM ET Company Participants John Fan – Chief Executive Officer Richard Sneider – Treasurer and Chief Financial Officer Conference Call Participants Glenn Mattson – Ladenburg Thalmann Kevin Dede – H.C. Wainwright & Co. Operator Ladies and gentlemen, please standby. We're about to begin. Good day and welcome to Kopin's first-quarter 2022 earnings call. Today's conference is being reco ...

WASHINGTON, DC 20549 UNITED STATES SECURITIES AND EXCHANGE COMMISSION FORM 10-K Delaware 04-2833935 State or other jurisdiction of incorporation or organization 125 North Drive, Westborough MA 01581-3335 (Address of principal executive offices) (Zip Code) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 25, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ...

Financial Data and Key Metrics Changes - Total revenues for Q4 2021 were $13.2 million, a 5% decrease from $13.9 million in Q4 2020 [16] - Net loss attributable to controlling interest for Q4 2021 was $3.6 million or $0.04 per share, compared to a net income of $1.3 million or $0.02 per share for Q4 2020 [20] - Full-year 2021 revenues increased by 14% compared to 2020, marking the fourth consecutive year of growth [3][20] - Cost of product revenues as a percentage of net product revenues increased to 84.9% in Q4 2021 from 65.1% in Q4 2020, primarily due to lower yields [18] Business Line Data and Key Metrics Changes - Industrial/Enterprise products generated $9.7 million in revenue, a 41% increase over 2020 [3] - Consumer product revenue rose from approximately $900,000 in 2020 to $1.9 million in 2021, representing a 120% increase [4] - Defense product line revenue was $18.2 million in 2021, with strong demand continuing [4] Market Data and Key Metrics Changes - Demand for Spatial Light Modulators using Ferroelectric LCOS was strong, driven by the trend of manufacturers converting to 3D automatic optical inspection [4] - The company noted that supply chain shortages are affecting forecasts and demand for 3D automation equipment [26] Company Strategy and Development Direction - The company aims to innovate and advance technology in AR, VR, and MR applications, believing it is well-positioned to capitalize on opportunities in the Metaverse [14] - The introduction of all-plastic Pancake optics is expected to enhance the user experience in VR and Metaverse headsets [9][10] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about strong demand across all core product lines despite ongoing supply chain challenges [14] - The company anticipates another year of growth in 2022, supported by a strong backlog of orders [14] Other Important Information - The company has no long-term debt and cash equivalents and marketable securities were approximately $29.3 million at the end of 2021 [24] - R&D expenses for 2021 were $16.3 million, a 39% increase compared to 2020, driven by internal OLED development costs [21][22] Q&A Session Summary Question: Insights on the optical inspection market and its impact on industrial enterprise space - Management noted that while there is momentum in the optical inspection market, supply chain shortages could hinder demand for 3D automation equipment [26][27] Question: Update on defense orders and revenue expectations - Management confirmed that the $19.8 million order should help maintain flat to up revenue for defense in 2022, with additional low-rate industrial production orders providing potential upside [28][29] Question: Gross margins and break-even point - Management indicated that break-even could be reached with revenues between $50 million to $60 million, and the current product to contract revenue ratio is close to historical levels [31][32] Question: Cash position and capital raise needs - Management stated that there is sufficient cash to execute the current strategy, indicating no immediate need for capital raise activities [33] Question: Advancements in Pancake optics and market readiness - Management expressed optimism about Pancake optics, highlighting strong interest from customers and plans to meet market demands [37][41] Question: Potential for Pancake optics in enterprise applications - Management clarified that while Pancake optics have advantages, their low optical efficiency may limit their use in outdoor enterprise applications [49]

Kopin Corporation (NASDAQ:KOPN) Q3 2021 Earnings Conference Call November 2, 2021 8:30 AM ET Company Participants Richard Sneider - Chief Financial Officer John Fan - Chief Executive Officer Conference Call Participants Glenn Mattson - Ladenburg Thalmann Spencer Cushman - H.C. Wainwright Craig Rose - Axiom Asset Management Operator Good day, and welcome to the Kopin Corporation Third Quarter 2021 Earnings Call. Today's conference is being recorded. At this time, I would turn the conference over to Mr. Richa ...

国KOPIN 图 KOPIN Revolutionizing the way people see, hear, and communicate Sidoti 2021 Fall Virtual Investor Conference SAFE HARBOR STATEMENT This document contains forward-looking statements. The words "believe," "may," "will," "potentially," "estimate," "continue," "anticipate," "intend," "could," "would," "project," "plan," "expect" and similar expressions that convey uncertainty of future events or outcomes are intended to identify forward-looking statements. Forward-looking statements may address the fol ...

Kopin Corporation (NASDAQ:KOPN) Q2 2021 Earnings Conference Call August 3, 2021 8:30 AM ET Company Participants Richard Sneider - Chief Financial Officer John Fan - Chief Executive Officer Conference Call Participants Glenn Mattson - Ladenburg Thalmann Kevin Dede - H.C. Wainwright Jeff Bernstein - Cowen Craig Rose - Axiom Asset Management Operator Good day, and welcome to the Kopin Corporation Second Quarter 2021 Earnings Call. Today's conference is being recorded. At this time, I would turn the conference ...

Kopin Corporation (NASDAQ:KOPN) Q1 2021 Earnings Conference Call May 4, 2021 8:30 AM ET Company Participants Richard Sneider – Chief Financial Officer John Fan – Founder, Chairman, President and Chief Executive Officer Conference Call Participants Glenn Mattson – Ladenburg Thalmann Kevin Dede – H.C. Wainwright Craig Rose – Axiom Asset Management Operator Good day, and welcome to the Kopin Corporation First Quarter 2021 Earnings Call. TodayÂ's conference is being recorded. At this time, I would turn the conf ...

Kopin Corporation (NASDAQ:KOPN) Q4 2020 Earnings Conference Call March 2, 2021 8:30 AM ET Company Participants Richard Sneider - Chief Financial Officer John Fan - Chairman and Chief Executive Officer Conference Call Participants Glenn Mattson - Ladenburg Thalmann Kevin Dede - HCW Denis Pyatchanin - Needham & Company Craig Rose - Axiom Operator Good day and welcome to the Kopin Corporation Fourth Quarter and Full-Year 2020 Earnings Conference Call. Today’s conference is being recorded. At this time, I like ...