Press release
Kopin Corporation Reports Financial Results for the Third Quarter 2025; $4.1 Million of Net Income, Decreased Liabilities and Improved Balance Sheet
Strategic partnerships with Theon Sensors, Ondas Holdings and Unusual Machines to gain significant and immediate access to international markets and expanded
About this update from Kopin Corporation
[{"type":"text","content":"\n\nStrategic partnerships with Theon Sensors, Ondas Holdings and Unusual Machines to gain significant and immediate access to international markets and expanded U.S. defense applications\n\n\n\nTransformative color MicroLED development order with U.S. Army funded by the Industrial Base Analysis and Sustainment (IBAS) program\n\n\n\n3Q25 net income of $4.1 million and $0.02 earnings per share\n\n\n\nSolid balance sheet with $26 million in cash on September 27, 2025. $41 million private placement completed subsequent to quarter end\n\n\n\nErich Manz started as Chief Financial Officer, effective September 2nd\n\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 third quarter ended September 27, 2025.\n\n\n“Developments over the past few months have put Kopin in a position of transformational change,” said Michael Murray, CEO of Kopin. “In August we disclosed a strategic investment by Theon International Plc, a globally recognized developer and manufacturer of advanced thermal imaging and night vision systems for global defense and thermal imaging markets. We believe this announces Kopin as a global player in microdisplays and application specific optical solutions for defense applications, and drives innovation, expands market reach, and reinforces Kopin’s role in delivering mission-critical optical technologies to allied defense forces worldwide. Defense departments in the U.S., EU and Southeast Asia are increasing their budgets to combat security threats and advancing technologies.”\n\n\nMr. Murray, continued, “Subsequent to the end of the quarter, we announced a $41 million private placement with an expanded group of strategic investors which include further investment from Theon along with Ondas Holdings and Unusual Machines. This investment further solidifies our belief that we have the right technologies to co-develop with strategic partners to provide application-specific solutions.\n\n\n“Lastly, with cash we have available to us, we can now confidently invest in technology and manufact...