Kopin Corporation · NASDAQ:KOPN
Kopin — Q1 2026 Earnings Presentation
24 slides from Kopin's earnings presentation, May 12, 2026
Slide 1: Investor Presentation
DEFENSE + SECURITY | TRAINING + SIMULATION | ENTERPRISE + INDUSTRIAL | MEDICAL |CONSUMER Investor Presentation January 2026 1
Slide 2: Safe Harbor Statement
Safe Harbor Statement This document contains forward-looking statements. The words “believe,” “may,” “will,” “potentially,” “estimate,” “continue,” “anticipate,” “intend,” “could,” “would,” “project,” “plan,” “expect” and similar expressions that convey uncertainty of future events or outcomes are i
Slide 3: Corporate Overview
Corporate Overview Kopin Corporation is a leading developer of innovative display, and application-specific optical solutions for defense, enterprise, professional and consumer products NASDAQ • Industry Leader: Evolution from a commodity supplier to a valued, leading-edge partner and #1 MicroDispla
Slide 4: Markets Served Overview
Markets Served Overview MicroDisplays have a wide range of applications in defense, aerospace, consumer electronics, automotive and healthcare. Global MicroDisplay Market1 • Defense and Aerospace are incorporating advanced situational $ in Billions awareness tools into vison gear, vehicles and weapo
Slide 5: Application Specific Optical Solutions (ASOS)
Application Specific Optical Solutions (ASOS) Evolution from a Commodity Supplier to a Valued, Leading-Edge Partner • Customer driven applications require Microdisplays be mounted within ergonomically designed enclosures, utilizing custom optics & driver electronics • Used in a wide variety of appli
Slide 6: Digital Overlay on the Real World
Digital Overlay on the Real World Better Optical Solutions Improve Productivity and Accuracy in Multiple Applications DVO Stays on Weapon Maintain Fixed Reticle Retains Boresight GPS & Compass 230.63° 37 23.516 122 02.625 Target ID Friend/FOE Active Target Reticle Wind & Range Rapid Targeting 875m >
Slide 7: Proprietary Microdisplay Portfolio
Proprietary Microdisplay Portfolio Product and Technologies Offer a Wide Range of Applications and Growth Opportunities • MicroDisplays are miniaturized display units with small screen sizes and high resolutions (<2” diagonally) • Liquid Crystal Display (LCD) technology has traditionally dominated t
Slide 8: Next Generation NeuralDisplay™ Solution
Next Generation NeuralDisplay™ Solution NeuralDisplay™ is a bidirectional display with integrated imaging pixels that track eye movement, gaze and adapts to your eyesight – not forcing your eyes to adapt to the device Next generation solutions require AI software for adaptive, dynamic eye tracking a
Slide 9: Defense & Aerospace Applications
DEFENSE & AEROSPACE APPLICATIONS 9
Slide 10: Defense Market Opportunity
Defense Market Opportunity Defense Spending is Increasing in the US and EU US Department of Defense Spending1 500 NATO Europe Defense Spending 3.00% $ in Billions 450 $ in Billions $380 $842 $850 400 $347 2.50% $782 $722 350 $313 $693 $705 $715 $291 $300 $268 $278 300 $254 $235 $236 $244 250 2.00% 2
Slide 11: Defense Market Drivers, Dynamics & Tailwinds
Defense Market Drivers, Dynamics & Tailwinds Tier 1 Customers / Improved Performance / Tactical Advantages in the Field Growing Tier 1 Customer Base Improved Technological Performance Tactical Advantages • Most systems use Monochrome • AI-Enabled targeting, telemetry and human displays; due to compl
Slide 12: Existing Programs in Production
Existing Programs in Production Existing Production Programs of Record Represent $25-35M+ Peak Annual Revenue Soldier centric systems and fixed & rotary aircraft pilot helmets Pilot Helmets TWS IWS LR IWS Joint Effect Targeting U.S. Rotary Aircraft System (“JETS”) US DoD Thermal Weapon Sights, Armor
Slide 13: Future Programs in Development
Future Programs in Development New Programs in Development Represent $45-65M+ Peak Annual Incremental Revenue Setting the Stage for Long-Term Growth First Person Viewer Drone Controllers Next Generation Short DarkWave™ Monochrome MicroLED Range Interceptor (NGSRI) Projectile Training and Color Micro
Slide 14: Military-Wide NeuralDisplay™ Adoption
Military-Wide NeuralDisplay™ Adoption Product and Technologies Offer a Wide Range of Applications and Growth Opportunities NeuralDisplay™ Backplane Technology Adoption Consumer, Medical AR/VR OLED MicroDisplay and Weapon Sights Fixed wing aircraft µLED MicroDisplay AMLCD MicroDisplay OLED MicroDispl
Slide 15: Theon International Partnership
Theon International Partnership THEON INTERNATIONAL (AMS: THEON) is a leading developer and manufacturer of customizable night vision, thermal imaging systems and Electro-Optical ISR systems for military and security applications focused on Europe, Southeast Asia and within several NATO countries. K
Slide 16: Next Generation Short Range Interceptor
Next Generation Short Range Interceptor Two Separate Programs Supporting the Current Stinger and NGSRI 10 Year Program of Record BlueHalo / Aeroenvironment BIOC and Mono Training and Lockheed Martin Eye Piece for NGSRI: Low-Rate Initial Production of Simulation System 2K units starting in 2027 at $5
Slide 17: Commercial Applications
COMMERCIAL APPLICATIONS 17
Slide 18: Medical End Market
Medical End Market CR3 Head-Mounted Display – Ophthalmologic, Neuro, Endoscopic and Robotic Surgeries We combine high-resolution 3D imaging and real-time patient-specific information overlays with peripheral vision and a design that eliminates neck pain and physical fatigue for extended wear. • Phot
Slide 19: Manufacturing Footprint
Manufacturing Footprint United States & United Kingdom Manufacturing Facilities Westborough, MA CORPORATE HQ Dalgety Bay, Scotland Manufacturing Facility FLCOS Reston, VA Manufacturing Facility Head Mounted Displays & Near-Eye Display Systems 19
Slide 20: Robust Patent Portfolio
Robust Patent Portfolio Extensive IP Portfolio Covers Critical Technologies Required for Application-Specific Optical Solutions Breakdown of Patents Optics Other >200 Pending or Issued Patents Ergonomic Headset >20 Design Patents Related to OLED Backplane Technology >6 Pending Patents Related to Art
Slide 21: Financial Highlights
Financial Highlights Operational Improvements & Macro Tailwinds Leading to Improving Financial Performance • 97% “On Time, In Full”: Drives better customer relationships and opportunities Revenue • $22M Q3 2025 Bookings - Significant pipeline of revenue opportunities between ($ in Millions) existing
Slide 22: Our Leadership Team
Our Leadership Team Executive Leadership with Deep Domain Expertise and Track Record of Success Michael Murray Erich Manz Paul Baker Bill Maffucci CEO & President CFO COO SVP of Product Dev. & Strategy Joined Kopin in September Joined Kopin in 2025 Joined Kopin in 2014 Joined Kopin in 2015 2022 Prev
Slide 23: Investment Highlights
Investment Highlights Unique Market Market Industry Position Opportunity Leader Only player in the market that offers Large and growing MicroDisplay #1 MicroDisplay provider for attractive solutions addressing applications market forecasted to reach $5.3B end markets in defense, enterprise & requiri
Slide 24: Investor Relations
DEFENSE + SECURITY | TRAINING + SIMULATION | ENTERPRISE + INDUSTRIAL | MEDICAL |CONSUMER Investor Relations Lucas A. Zimmerman KOPN@mzgroup.us 949-259-4987 24