Kopin Corporation (KOPN) Earnings Call Transcripts

Kopin Corporation's Latest Earnings Call - Q4 FY2025

In the fourth quarter of fiscal year 2025, Kopin Corporation reported revenues of $8.4 million, a significant decline from $14.6 million in the same quarter last year, primarily due to government shutdown-related delays. The company experienced a decrease in product revenues to $5.6 million, down from $12.6 million, while non-product revenues rose to $2.5 million. Management provided conservative guidance for 2026, projecting revenues between $52 million and $60 million, citing a strong backlog and expected recovery as government operations normalize.

Reported metrics

Guidance from management

Kopin expects 2026 revenues to be between $52 million and $60 million, indicating a cautious outlook as they recover from the impacts of the government shutdown. This guidance reflects confidence in their backlog and strategic positioning for growth.

What management said

Yes. So at the end of the year, backlogs were in the range of, I believe, $37 million. And we're expecting to book very soon several larger orders. We're talking tens of millions of dollars in the next, I'd say, 8 weeks that are deliverable for this year. So we walked into 2026 with a very decent backlog cover and order cover to hit our revenue growth.

So we are working towards completion for this year with the milestones that we originally had. Not sure at this point if that will drip into 2027. But from a technical point of view, the milestones that we've achieved and the technical program is well on track. However, we're unsure how the Army will respond to their testing. But from what we can control, our technical milestones are on track and actually a little bi...

What analysts pressed on

Analysts raised concerns about the impact of the government shutdown on future revenue growth and the timing of contract awards. There were questions regarding the capacity needs related to upcoming defense programs and the timeline for automation savings to fully materialize.

Main topics on the call

• Impact of Government Shutdown — Kopin's fourth quarter revenues were adversely affected by the government shutdown, with CEO Michael Murray stating, "the associated procurement and milestone recognition delays were deeper than anticipated." This led to...
• Strategic Partnerships and Market Expansion — Kopin has made strides in establishing partnerships, notably with Theon International, which CEO Murray described as a "critical relationship" that opens access to expanding European defense markets. This partnership is ...
• Technological Advancements — The company highlighted advancements in its microLED technology and neural display systems, with Murray noting that neural display technology represents a "meaningful leap forward" in display capabilities. This positions...
• Financial Position and Capital Raise — Kopin strengthened its balance sheet with a $56 million capital raise, which CEO Murray emphasized has removed "going-concern doubt" and funded growth initiatives. This capital is crucial for supporting their transformat...

Read the full Kopin Corporation transcript (Q4 FY2025) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 31 Kopin Corporation earnings call transcripts on record, spanning March 10, 2020 to August 10, 2026. Based on this history, Kopin Corporation reports quarterly. The most recent call on file is dated August 10, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

KOPN

Exchange

NasdaqCM

Country

US

Sector

Information Technology

Industry

Semiconductors and Semiconductor Equipment

Calls on record

31

First call

March 10, 2020

Most recent

August 10, 2026

Reporting cadence

quarterly