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WESTBOROUGH, Mass. - Kopin Corporation (NASDAQ:KOPN), currently trading at $1.91 and showing strong momentum with a 40% gain year-to-date, has received a follow-on production contract worth approximately $9 million to supply custom thermal imaging assemblies to a major U.S. defense prime contractor, the company announced in a press release. According to InvestingPro analysis, the company maintains a healthy balance sheet with more cash than debt.
The contract involves manufacturing eyepiece modules that integrate Kopin’s microdisplay, lens and drive electronics within a ruggedized enclosure. These components are designed for detachable man-portable thermal weapon systems that enable military personnel to detect targets in challenging environments during day or night operations.
"This follow-on contract further increases our strong backlog of future deliveries," said Bill Maffucci, SVP of Business Development and Strategy at Kopin. The company has demonstrated solid revenue growth of 13% over the last twelve months, as reported by InvestingPro.
The eyepiece assemblies are part of weapon sights and soldier-borne vision systems that provide real-time, high-resolution situational intelligence to support battlefield awareness and decision-making capabilities.
Kopin Corporation, with a market capitalization of approximately $298 million, specializes in display and optical solutions for defense, enterprise, professional and consumer products. The company’s portfolio includes various microdisplays, display modules, eyepiece assemblies and other optical systems incorporating different display technologies. For deeper insights into Kopin’s financial health and growth prospects, investors can access comprehensive analysis and additional ProTips through InvestingPro’s detailed research reports.
The latest order builds upon previous material long-lead buy authorizations, according to the company’s statement. The thermal imaging systems are designed to function in harsh environments and integrate with weapon sight sensors to deliver visual information to military users.
In other recent news, Kopin Corporation announced its Q2 2025 financial results, which did not meet market expectations. The company’s earnings per share (EPS) were reported at -$0.03, falling short of the anticipated -$0.01. Additionally, Kopin’s revenue was $8.45 million, missing the forecasted $12.58 million by 32.83%. These recent developments highlight a challenging quarter for the company. Despite the earnings miss, the company’s stock price remained unchanged in premarket trading. Investors and analysts will be closely monitoring Kopin’s future performance following these results.
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