Microdisplays maker Kopin Q3 revenue misses expectations

Overview

• Kopin Q3 revenue misses analyst expectations, adjusted EPS beats estimates

• Net income for Q3 exceeds analyst estimates, reflecting improved financial performance

• Company forms strategic partnerships to expand international market access

Outlook

• Kopin expects to grow aggressively in U.S. and international markets

• Company notes increased defense budgets in U.S., EU, and Southeast Asia

• Kopin highlights $41 mln private placement to support strategic growth

Result Drivers

• STRATEGIC PARTNERSHIPS - Kopin cites partnerships with Theon Sensors, Ondas Holdings, and Unusual Machines as key to expanding international market access and U.S. defense applications

• MICROLED DEVELOPMENT - Transformative color MicroLED development order with U.S. Army funded by IBAS program seen as a growth driver

• THERMAL WEAPON SIGHTS - Increased sales from products used in thermal weapon sights partially offset revenue declines

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the semiconductors peer group is "buy"

• Wall Street's median 12-month price target for Kopin Corp is $4.25, about 34.1% above its November 11 closing price of $2.80

Press Release: ID:nBw55gvQFa

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)