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 ...

Financial Data and Key Metrics Changes - Total revenues for Q1 2021 were $11.7 million, a 48% increase from $7.9 million in Q1 2020 [20] - Gross margin improved to 15% in Q1 2021 from 5% in Q1 2020, attributed to better manufacturing efficiencies [21] - Net loss attributable to the company was $4.1 million or $0.05 per share, compared to a net loss of $3.6 million or $0.04 per share in Q1 2020 [25] - Cash and marketable securities increased to approximately $35.6 million as of March 27, 2021, up from $20.7 million at the end of 2020 [27] Business Line Data and Key Metrics Changes - Defense revenues increased by 42% year-over-year, driven by FWS-I thermal weapon sight and F-35 Fighter Jet programs [11] - Customer-funded R&D revenues surged over 80% year-over-year due to heightened interest in next-generation displays [8] - The enterprise market segment showed strong volume growth, particularly in enterprise AR and 3D automatic optical inspection systems [9] Market Data and Key Metrics Changes - The public safety sector experienced a decline due to pandemic-related budget constraints for municipal governments [10] - The company is actively pursuing additional opportunities in the defense market, with expectations for announcements in the coming months [7] Company Strategy and Development Direction - The company is focusing on augmented and virtual reality (AR/VR) technologies, viewing it as a significant growth opportunity, potentially larger than the cell phone market [37] - Kopin is positioned to capitalize on the growing AR/VR trend, with a strong defense program portfolio and ongoing R&D investments [19][16] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the recovery from the pandemic and the increasing demand across multiple segments [6] - The company is monitoring the global semiconductor shortage but has not experienced significant impacts thus far [29] Other Important Information - The company has over 10 defense programs in various stages of development, primarily focused on AR and VR applications [12] - A trilogy webinar series on AR and VR was launched to discuss market trends and future product offerings [17][18] Q&A Session Summary Question: Performance in industrial and R&D segments - The strength in the industrial segment was primarily from industrial headsets like RealWear, with some commercial and consumer R&D revenue as well [33] Question: Defense programs and revenue contributions - Three defense programs are expected to enter low rate initial production in the second half of the year, with revenue ramping up in 2022 [35] Question: Comparison of current AR/VR opportunity to past opportunities - The current AR/VR opportunity is believed to be potentially larger than the cell phone business, with projections of it becoming a $1 trillion market in 15 years [37] Question: Concerns about chip supply disruptions - The company has not faced significant issues from the semiconductor shortage and is actively managing supplier relationships [39] Question: Details on the Canadian near-to-eye diving display - The display uses a micro LCD and special backlight, and the product has received positive market feedback [42] Question: Consumer development in AR/VR - The company is focusing on making consumer products lightweight, fashionable, and user-friendly, with developments expected in the coming months [47] Question: R&D spending and future challenges - The main challenges in R&D are related to display technology and optics, with significant efforts being made to overcome these hurdles [59] Question: Collaboration with consumer product developers - The company is working with major Silicon Valley developers in the AR/VR space, indicating a competitive landscape [63]

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 ...

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 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 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 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 ...