Quarterly ResultMay 12, 2026, 05:22 PM
Kopin Reports Q1 Net Loss Widens to $3.75M; Revenue Stable
AI Summary
Kopin Corporation reported a net loss of $3.75 million for the first quarter ended March 28, 2026, which widened from $3.11 million in the prior year period. Total revenues remained stable at $10.55 million, primarily due to a significant increase in grant income offsetting a decline in net product revenues. The company maintains $34.1 million in cash and cash equivalents, which it believes is sufficient to support its operations for at least the next twelve months.
Key Highlights
- Net loss widened to $3.75 million for Q1 2026 from $3.11 million in Q1 2025.
- Total revenues remained stable at $10.55 million in Q1 2026, up from $10.54 million YoY.
- Net product revenues decreased to $5.42 million in Q1 2026 from $9.23 million YoY.
- Grant income significantly increased to $3.44 million in Q1 2026 from $0 in Q1 2025.
- Loss from operations increased to $5.99 million in Q1 2026 from $3.91 million YoY.
- Net cash used in operating activities improved to $0.81 million from $3.41 million YoY.
- Cash and cash equivalents were $34.15 million as of March 28, 2026.
- Accrued litigation damages remained at $19.7 million as of March 28, 2026.
Price Impact
More from KOPN