Kopin Beats Revenue Estimates Despite Dip, Eyes Growth with New Defense Contracts
KOPN reported Q1 2024 revenue decline to $10.0M, beating analyst estimate of $9.01M. Adjusted EPS loss of $(0.06) missed consensus of $(0.05). Stock price rose. Revenues from Defense grew 35%, while Industrial fell 39%. Product revenues up 18%, R&D revenues down 69%. Expects double-digit growth in 2024. Won contract for OLED microdisplay with low latency night vision sensor.
