Kopin Corporation begins search for new CFO as Rich Sneider retires

WESTBOROUGH, Mass. - Kopin Corporation (NASDAQ: KOPN), a developer of specialized optical systems and microdisplays with a market capitalization of approximately $210 million, announced the retirement of its long-serving Chief Financial Officer, Rich Sneider. The company, which has a diverse portfolio including products for defense and consumer markets, is now actively seeking Sneider’s successor. According to InvestingPro data, Kopin has demonstrated strong revenue growth of 28% over the last twelve months, though the stock currently trades near its Fair Value.

Sneider, who has been with Kopin for 25 years, has been instrumental in the company’s shift towards commercializing application-specific optical solutions. Michael Murray, Chairman and CEO of Kopin, expressed his gratitude for Sneider’s contributions, stating, "Rich has played a key role in Kopin’s evolution over his 25 years with the company."

The company has not set a definitive date for Sneider’s departure, indicating that he will remain in his role until a new CFO is appointed and will assist with the transition process.

Kopin’s products include high-resolution microdisplays and various optical components used in devices for military, industrial, and consumer applications. Their technologies encompass Active Matrix Liquid Crystal displays (AMLCD), Ferroelectric Liquid Crystal on Silicon (FLCoS) displays, MicroLED displays (µLED), and Organic Light Emitting Diode (OLED) displays. Despite challenging market conditions, the company has achieved a remarkable 63% stock price return over the past year. Discover more insights about Kopin’s performance and growth potential with a comprehensive Pro Research Report, available exclusively on InvestingPro, along with 7 additional key ProTips for informed investment decisions.

The search for a new CFO will consider both internal and external candidates, as Kopin aims to maintain its position in the market and continue its focus on delivering specialized solutions across multiple industries.

This announcement is based on a press release statement and contains forward-looking statements, which involve certain risks and uncertainties. These statements are not guarantees of future performance and actual results could differ materially from those discussed.

In other recent news, Kopin Corporation reported a notable 71% increase in revenue for the fourth quarter of 2024, reaching $14.6 million, driven by strong demand in defense and specialized display markets. The company also posted a net loss of $0.01 per share, which was better than the anticipated $0.0125 loss per share. Kopin has projected its revenue to be between $52 million and $55 million for 2025, with a long-term goal of reaching $75 million annually by 2027.

Additionally, Kopin secured a $7.5 million defense contract for augmented reality displays, adding to its earlier $6 million in orders for the year, totaling $13.5 million. The company was also recently announced to be joining the Russell 2000 Index, effective June 27, 2025, enhancing its visibility among investors. Meanwhile, Canaccord Genuity adjusted its price target for Kopin to $2.25 from $2.50 while maintaining a Buy rating, reflecting shifts in valuation multiples among Kopin’s peers.

These developments highlight Kopin’s strategic efforts in expanding its market presence and financial performance.

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