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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Kopin
Kopin (KOPN) investor relations material
Kopin Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2026 earnings summary10 Nov, 2026
Executive summary
Q3 revenue was $18.19M, up 52% YoY and 43% QoQ; operating loss narrowed to $0.51M from $3.5M in Q2.
Funded development and grant activity supported revenue growth, while net loss included $2.7M of largely non-cash investment losses.
Color MicroLED and Neural I/O programs advanced alongside domestic manufacturing investments and plans for future production.
Financial highlights
Q3 revenue was $18.19M vs. $11.96M YoY; nine-month revenue was $41.48M vs. $30.96M.
Q3 product revenue was $8.8M; non-product revenue was $9.4M, including $5.4M of Fabric.AI R&D revenue and $3.1M of color MicroLED grant revenue.
Q3 net loss was $3.42M, or $0.02 per share, vs. net income of $4.08M; nine-month net loss was $6.34M vs. $4.20M.
Q3 operating loss was $0.51M vs. operating income of $4.53M a year earlier; nine-month operating loss was $10.00M vs. income of $4.84M.
Q3 operating cash flow was $2.4M; nine-month net cash used in operating activities was $2.7M.
Outlook and guidance
Strong Q4 revenue and progress toward sustainable GAAP profitability expected; Q4 GAAP profitability remains achievable under current projections and spending plans.
Management expects sustainable profitability through 2027; 2027 revenue visibility is good, with ~50% already in backlog.
Color MicroLED production remains targeted for mid-2027; Neural I/O production silicon and commercial productization are targeted for 2028.
Drone goggle revenue is still expected to be ~$10M in 2027; additional Gauntlet 2.5 testing shifted volume timing.
Remaining 2026 capex is forecast at $1.0M–$1.5M; liquidity is expected to fund operations beyond Q4 2027, though future financing may be considered if needed.
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Latest events from Kopin
- MicroLED advances and US production drive new AI and defense opportunities, with mid-2028 rollout.KOPN
Canaccord Genuity's 46th Annual Growth Conference - Expanding in defense and AI with proprietary MicroDisplays, strong financials, and key partnerships.KOPNInvestor presentation
- Q2 2026 revenue surged 51% to $12.7M, net income hit $0.9M, but litigation risks persist.KOPNQ2 2026
- Poised for growth with leading MicroDisplay tech, strong defense ties, and expanding global reach.KOPNInvestor presentation
- Focus on advanced MicroLEDs, AI interconnects, and modular systems drives growth in defense and tech markets.KOPNPlanet MicroCap Las Vegas 2026
- Flat Q1 revenue, new defense and AI contracts, and strong liquidity support 2026 growth.KOPNQ1 2026
- Proxy covers director elections, equity plan changes, auditor ratification, and executive compensation.KOPNProxy filing
- Q3 revenue up 26% with defense sales surging 109%, but litigation and liquidity risks remain.KOPNQ3 2024
- Q1 2025 revenue up 5% to $10.5M, with strong orders but ongoing going concern risks.KOPNQ1 2025
Next Kopin earnings date
Future of AI Infrastructure Conference20 Nov, 2026
Kopin
Next Kopin earnings date
Future of AI Infrastructure Conference20 Nov, 2026
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Frequently asked questions
Kopin Corporation is operating in the development of innovative display technologies and solutions. The Company’s patents include ten 5G patents with additional patents pending and have been issued by the United States Patent Office and its counterparts in Japan and the People’s Republic of China. The company, through its subsidiaries and joint venture, is engaged in the research, development, engineering and manufacture of microdisplays for use in pico projectors, head-mounted displays and near-eye display products. Complete products have included video headset systems for military applications. In addition to image processing semiconductors providing higher resolution images on microdisplay engines for military head mounted applications Kopin has begun transitioning its technology towards the fast growing consumer electronic market with its introduction of two different lines of smaller headset displays capable of connecting to smart phones. With this technology advanced display solutions are currently being introduced to a broader consumer base.