Kopin (KOPN) FY Earnings Call Presentation

Company Overview - Kopin is a leading provider of specialized application-specific optical solutions for high-performance and mission-critical AR and VR applications[7] - The MicroDisplay market is forecasted to reach $6 billion in 2028 with a 20% CAGR[9] - Kopin is the 1 MicroDisplay provider for attractive end markets in defense, enterprise & industrial, and consumer sectors[9] - Kopin has deeply ingrained, long-tenured relationships with global market leaders with strategic focus on existing and emerging high-performance defense (90%), enterprise & industrial and consumer applications (10%)[9] Market Opportunity - The Department of Defense budget request for 2025 is $849.8 billion[17] - The global AR/VR market is expected to reach $71.2 billion in 2029, with AR at $29.6 billion (18% CAGR) and VR at $12.9 billion (23.2% CAGR)[52] - The global MicroDisplay market is projected to reach $9.2 billion in 2030 with a 17.6% CAGR[51] Technology and Products - Kopin offers a proprietary MicroDisplay portfolio including OLED, LCOS, µLED, and AMLCD MicroDisplays[19] - Existing programs in production & development represent approximately $70 million in revenue potential[40] - Kopin's µLED MicroDisplay has the potential for significantly higher brightness than OLED (up to 40x higher)[49] Intellectual Property and Manufacturing - Kopin has an extensive IP portfolio with over 200 pending or issued patents[57] - Kopin has manufacturing facilities in the United States and the United Kingdom[24]