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WESTBOROUGH, Mass. - Kopin Corporation (NASDAQ: KOPN), specializing in high-performance microdisplays and currently trading at $0.93 with a market capitalization of $146 million, has been awarded a $7.5 million multi-year contract to provide microdisplays for augmented reality (AR) pilot Helmet Mounted Display Systems (HMDS). This contract adds to the $6 million in orders received earlier in 2025, totaling $13.5 million for the year. According to InvestingPro data, the company has demonstrated strong revenue growth of 24.6% over the last twelve months.
The company’s customer is a Tier 1 Department of Defense (DoD) prime contractor. Kopin’s microdisplays are designed to enhance pilot situational awareness and seamless interaction with aircraft systems during various military operations. The company maintains a strong balance sheet with more cash than debt, though InvestingPro analysis indicates current gross profit margins of 20.6% present room for improvement.
Bill Maffucci, SVP Business Development and Strategy at Kopin, emphasized the importance of reliable and high-performance equipment for military objectives, stating that their microdisplays are chosen for their ability to provide over-match against adversaries in multiple aircraft platforms.
Kopin’s production will take place in its Class 10 cleanroom facility in the United States, with each display undergoing extensive testing and quality control to ensure reliability.
CEO Michael Murray expressed confidence in the company’s strategy and technology, noting the displays’ critical role in supporting defense missions globally.
The press release also includes forward-looking statements regarding the expected performance of the microdisplays and Kopin’s leadership in defense microdisplay technology. The company cautions that these statements are not guarantees of future performance and involve risks and uncertainties.
Kopin Corporation, known for its innovative display solutions, provides critical components and subassemblies for various defense, enterprise, and consumer products. Their portfolio features a range of microdisplays and display systems incorporating advanced technologies.
This information is based on a press release statement from Kopin Corporation.
In other recent news, Kopin Corporation reported a significant increase in its fourth-quarter 2024 revenue, which rose by 71% year-over-year to $14.6 million. Despite posting a net loss of $0.01 per share, the company exceeded analyst expectations, who had forecasted a loss of $0.0125 per share. For the full year 2024, Kopin’s total revenue increased by 25% to $50.3 million. In addition to these financial results, Canaccord Genuity adjusted its outlook for Kopin by lowering the stock’s price target to $2.25 from $2.50, while maintaining a Buy rating. This adjustment reflects changes in valuation multiples among Kopin’s peers. The potential for a significant SBMC contract win was noted as a key factor that could impact Kopin’s future revenue. Investors are closely monitoring Kopin’s progress in securing this contract, as it could significantly influence the company’s financial performance in the coming years.
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