Kopin Fiscal Q1 Revenue Rises

MT Newswires Live05-12

Kopin (KOPN) reported fiscal Q1 total revenue Tuesday of $10.6 million, up from $10.5 million a year earlier.

Analysts polled by FactSet expected $10 million.

The company reported cash and cash equivalents of $34.1 million, with total cash, restricted cash and marketable securities of $59.5 million, as of March 28.

Kopin said its current liquidity is sufficient to finance its business through at least Q2 of next year and beyond.

Shares of the company were up 7.6% in recent Tuesday premarket activity.

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