Business
Kopin Corporation Reports Fourth Quarter and Full Year 2019 Operating Results
Q4 Revenues Increase 13%; Q4 Operating Expenses Decline 34% Unveils 2.6K 1.3” Diagonal and 20,000 Nit Green OLED Micro Displays At CES 2020 WESTBOROUGH,
About this update from Kopin Corporation
[{"type":"text","content":"\n\nQ4 Revenues Increase 13%; Q4 Operating Expenses Decline 34%\n\n\nUnveils 2.6K 1.3” Diagonal and 20,000 Nit Green OLED Micro Displays At CES 2020 \n\n\n WESTBOROUGH, Mass.--(BUSINESS WIRE)--\nKopin Corporation (NASDAQ: KOPN), a leading provider of innovative wearable computing technologies and solutions, today provided an update on its business initiatives and reported financial results for the fourth quarter and full year ended December 28, 2019.\n\n\n“We ended the year on a solid note, with our military business again driving growth, along with continued strength from selected public safety customers,” said Dr. John C.C. Fan, CEO of Kopin Corporation. “Revenue from the F-35 Fighter jet and FWS-I programs were the largest component of our military business for both Q4 and for the full year. We also began shipping to fulfill our new FWS-I contract, and expect its sister program, the FWS-C, to reach production levels in late 2020. We look for these programs to continue expanding through the year while other programs finish development and move into production. Currently we have over 10 military programs in various stages of either production or advanced development. While some of these may not contribute significantly to product revenue for the next year or two, and we can’t be sure all will reach production after moving through development, this is by far the strongest military program portfolio in Kopin’s history, and we see additional opportunities ahead.\n\n\n“Our public safety business continues to ramp, as companies increasingly realize that augmented reality (AR) offers significant benefits for first responders. The ability to use our technology in a helmet allows a firefighter, for example, to keep his hands free while critical information is displayed in front of him, increasing safety and efficiency. We look for these critical applications to expand in the coming years.”\n\n\nDr. Fan continued, “At CES in January we were pleased with the reception to our new 2.6K resolution 1.3” diagonal OLED micro-display which was developed with our partners Panasonic and Lakeside. We also debuted a super-bright monochrome green duo-stack OLED display. The green display emits 20,000 nits and boasts a wide dynamic range, making its use possible in environments ranging from bright sunlight to pitch black, yet with low power consumpti...