KOPN - Kopin Beats Revenue Estimates Despite Dip Eyes Growth with New Defense Contracts | Benzinga
Kopin Corp (NASDAQ:KOPN) reported a fiscal first-quarter 2024 revenue decline of 7% year-on-year to $10.0 million, beating the analyst consensus estimate of $9.01 million.
Adjusted EPS loss of $(0.06) missed the analyst consensus estimate loss of $(0.05). Adjusted EPS excludes litigation damages of $24.80 million or $0.21 per share. The stock price gained after the print.
Defense product revenues increased 28%, partially offset by a 17% decrease in Industrial product revenues.
Product revenues increased by 18% Y/Y to ...