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Kopin(KOPN) - 2020 Q4 - Annual Report
2021-03-05 21:01
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 26, 2020 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 0-19882 KOPIN CORPORATION (Exact Name of Registrant as Specified in its Charter) Delaware 04-2833935 State or other jurisdiction of incorporation or o ...
Kopin(KOPN) - 2020 Q3 - Earnings Call Transcript
2020-11-04 16:31
Kopin Corporation (NASDAQ:KOPN) Q3 2020 Earnings Conference Call November 3, 2020 8:30 AM ET Company Participants John Fan - Chairman and Chief Executive Officer Richard Sneider - Chief Financial Officer Conference Call Participants Glenn Mattson - Ladenburg Thalmann Kevin Dede - H.C. Wainwright Jeff Bernstein - Cowen Patrick Metcalf - I-bankers Direct Operator Good day, and welcome to the Kopin Corporation Third Quarter 2020 Earnings Call. As a reminder, todayÂ's conference is being recorded. At this time, ...
Kopin(KOPN) - 2020 Q2 - Earnings Call Transcript
2020-08-04 17:50
Kopin Corp (NASDAQ:KOPN) Q2 2020 Earnings Conference Call August 4, 2020 8:30 AM ET Company Participants John Fan - Founder, Chairman, CEO and President Richard Sneider - Treasurer & Chief Financial Officer Conference Call Participants Glenn Mattson - Ladenburg Thalmann & Co. Jeff Bernstein - Cowen and Company Patrick Metcalf - I-bankers Direct Operator Good day, and welcome to the Kopin Corporation Second Quarter 2020 Earnings Conference Call. Today's conference is being recorded. At this time, I would lik ...
Kopin(KOPN) - 2020 Q1 - Earnings Call Transcript
2020-05-05 21:46
Kopin Corp (NASDAQ:KOPN) Q1 2020 Earnings Conference Call May 5, 2020 8:30 AM ET Company Participants Richard Sneider - Treasurer & CFO John Fan - Co-Founder, Chairman, CEO & President Conference Call Participants Glenn Mattson - Ladenburg Thalmann & Co. Operator Good day, and welcome to the Kopin Corporation First Quarter 2020 Earnings Conference Call. Today's conference is being recorded. At this time, I would like to turn the conference over to Richard Sneider, Chief Financial Officer. Please go ahead, s ...
Kopin(KOPN) - 2019 Q4 - Annual Report
2020-03-11 21:32
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 28, 2019 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 0-19882 State or other jurisdiction of incorporation or organization 125 North Drive, Westborough MA 01581-3335 (Address of principal executive office ...
Kopin(KOPN) - 2019 Q4 - Earnings Call Transcript
2020-03-10 16:31
Kopin Corporation (NASDAQ:KOPN) Q4 2019 Results Earnings Conference Call March 10, 2020 8:30 AM ET Company Participants Richard Sneider - Treasurer & Chief Financial Officer John Fan - Founder, Chairman & Chief Executive Officer Conference Call Participants Glenn Mattson - Ladenburg Thalmann Jeffrey Bernstein - Cowen Operator Good day and welcome to the Kopin Corporation Fourth Quarter and Full Year 2019 Earnings Conference Call. Today's conference is being recorded. At this time, I would like to turn the c ...
Kopin (KOPN) Presents At 22nd Annual Needham Growth Conference - Slideshow
2020-01-16 18:41
图 KOPIN 22nd Annual Needham Growth Conference January 15, 2020 FORWARD LOOKING STATEMENTS AND RISK FACTORS • This presentation includes forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995. These statements relate to our expected future financial and operating performance, growth in the markets in which our products are sold, our market share for our products, and our significant customers. We may use words such as "expects," "anticipates," "int ...
Kopin(KOPN) - 2019 Q3 - Earnings Call Transcript
2019-11-07 21:41
Kopin Corporation (NASDAQ:KOPN) Q3 2019 Earnings Conference Call November 7, 2019 8:30 AM ET Company Participants Richard Sneider - Treasurer & Chief Financial Officer John Fan - President, Chairman & Chief Executive Officer Conference Call Participants Glenn Mattson - Ladenburg Thalmann Matthew Galinko - National Securities Patrick Metcalf - Newbridge Company Operator Good day and welcome to Kopin Corporation Third Quarter 2019 Financial Results Conference Call. Today's conference is being recorded. At thi ...
Kopin(KOPN) - 2019 Q2 - Earnings Call Transcript
2019-08-09 03:25
Kopin Corporation (NASDAQ:KOPN) Q2 2019 Earnings Conference Call August 8, 2019 8:30 AM ET Company Participants Rich Sneider - Treasurer, CFO John Fan - President, Chairman, CEO Conference Call Participants Glenn Mattson - Ladenburg Thalmann Matthew Galinko - National Securities Patrick Metcalf - Newbridge Operator Greetings and welcome to Kopin Second Quarter 2019 EarningsÂ' Call. [Operator Instructions] As a reminder this conference is being recorded. I would now like to turn the conference over to your h ...
Kopin(KOPN) - 2019 Q1 - Earnings Call Transcript
2019-05-07 16:50
Financial Data and Key Metrics Changes - Total revenues for Q1 2019 were $5.5 million, slightly down from $5.7 million in Q1 2018, indicating flat revenue year-over-year [26] - Net loss attributable to controlling interest for the quarter was approximately $11.3 million, or $0.15 per share, compared to a net loss of $5.5 million, or $0.08 per share in Q1 2018 [31] - Cost of goods sold for Q1 2019 was $5.9 million, representing 127% of product revenues, compared to $4.1 million or 81% in Q1 2018 [28] Business Line Data and Key Metrics Changes - Industrial wearable revenues and military R&D revenues increased by approximately $1 million in Q1 2019 [26] - R&D expenses rose to $5 million in Q1 2019 from $4.5 million in Q1 2018, including $500,000 related to curtailed development programs [29] - SG&A expenses decreased to $6.3 million in Q1 2019 from $6.9 million in Q1 2018, primarily due to reduced compensation expenses [30] Market Data and Key Metrics Changes - The company received a large follow-up order from a Tier 1 customer for AR Smart Glasses, with expectations to triple the number of displays shipped to enterprise customers in 2019 [10][9] - The military business saw increased shipments of displays embedded in the F-35 fighter jet helmets, indicating strong demand in the defense sector [16][17] Company Strategy and Development Direction - The company is focusing on strategic realignment, reviewing operations, consolidating programs, and reducing costs to enhance financial stability [22][24] - There is optimism regarding the growth of the AR and VR markets, particularly with the advent of 5G technology, which is expected to drive demand for micro OLED displays [11][14] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the enterprise market's growth, driven by the increasing adoption of AR technology by major companies [10][9] - The company is optimistic about the future of consumer AR/VR applications, especially as investments in these technologies increase [14] Other Important Information - The company completed the sale of approximately $8 million shares for about $8.8 million in gross proceeds during the quarter [32] - The adoption of ASC 842, the new lease recognition standard, resulted in lease assets and liabilities being added to the balance sheet with minimal P&L impact [33] Q&A Session Summary Question: Timing of product announcement from Tier 1 customer - Management indicated uncertainty about the announcement timing but confirmed a significant order has been received [38] Question: Revenue recognition and order flow - Management expects steady revenue recognition from orders, indicating real production [39] Question: Spend reduction expectations - Operating expenses are expected to decrease each quarter throughout the year [42] Question: AR orders forecast - The company anticipates tripling the number of AR units shipped, with bullish forecasts from customers [45] Question: Progress on military helmet program with Elbit - Development is on track for the common helmet program with Elbit [52] Question: New SOLOS design details - The new SOLOS is tailored for the broader consumer market rather than being specific to cycling [65] Question: Licensing of Whisper technology - Management is exploring various strategies regarding the licensing of Whisper technology [70]