Press release
Kopin Corporation Reports Financial Results for the First Quarter 2025
Approximately $28 million of orders received in 1Q25 translates to 2.8:1 Book to bill for Q1 2025 Q1 2025 product revenues increased 2% compared to the same
About this update from Kopin Corporation
[{"type":"text","content":"\nApproximately $28 million of orders received in 1Q25 translates to 2.8:1 Book to bill for Q1 2025\n\n\nQ1 2025 product revenues increased 2% compared to the same period in 2024\n\n\nFunded research revenues increased 37% in Q1 2025\n\n\n2.8:1 Positive book-to-bill for Q1 2025\n\n\nReaffirms expectations of Double-Digit Revenue Growth in 2025 over 2024\n\n\n WESTBOROUGH, Mass.--(BUSINESS WIRE)--\nKopin Corporation (“Kopin” or “the Company”) (Nasdaq: KOPN), a leading developer and provider of high-performance application-specific optical solutions consisting of high-resolution microdisplays, microdisplays subassemblies and related components for defense, enterprise, industrial, and consumer products, today reported financial results for the first quarter ended March 29, 2025.\n\nCommenting on the quarterly results, Michael Murray, Chief Executive Officer, stated, “The first quarter of 2025 was marked by strong order flow as we continue to supply top tier defense contractors. One of the larger orders in the quarter was for thermal weapons sights, a multi-year, full-scale production program that showcases our expertise in high resolution microdisplays and optics. Additionally, we received several orders to supply microdisplays for pilot Helmet Mounted Display Systems. The Company was awarded several new, exciting and innovative research and development contracts focusing on reducing size, weight, power consumption of current AR/XR solutions with more advanced display technologies, like Color MicroLED displays for soldier vision.\n\n“Our strong order flow continues to demonstrate the need and desire for application specific optical solutions whether in defense, industrial or medical applications. We strive to work with top-tier customers to design new and innovative ways to get the clearest and most accurate micro display solutions for their specific needs.\"\n\nMr. Murray concluded: “Our ONE Kopin initiative has continued to improve manufacturing efficiencies, reduce redundancies and integrate markets to better serve European and Southeast Asian defense markets. In 2025 we are embarking on an aggressive automation plan which we believe will enhance our quality, improve product margins and allow us to leverage our facilities on a 24/7 basis without the need to add full manufacturing shifts.\"\n\nFirst Quarter Financial Results\n\nT...