Kopin Corp (NASDAQ:KOPN) shares are trading higher on Tuesday on the heels of the company’s first-quarter earnings report. Here’s what you need to know.
- Kopin stock is trending. Where are KOPN shares going?
Revenue Beat And Strategic Announcements
Kopin posted quarterly revenue of $10.6 million, topping the $10.25 million consensus estimate by 3.47%. Sales were essentially flat year-over-year, rising 0.59% from $10.54 million. Additionally, the company announced its Fabric.AI collaboration for Neural I/O optical interconnect technology supported by a $15 million development order and a 19.9% equity stake.
The company also highlighted a $21.5 million follow‑on thermal imaging contract and its entry into the FPV drone market with a $3.2 million initial order.
Non‑product revenue surged to $5.1 million from $1.3 million …