Kopin Corporation announced preliminary unaudited financial results for the third quarter ended September 26, 2026. The company reported total revenues of $18.2 million for the period, representing a 52% increase compared to the same quarter in the prior year and a 43% increase compared to the second quarter of 2026.
Cost of product revenues for the quarter were $6.4 million, or 73% of net product revenues. Operating expenses for the third quarter of 2026 were $12.3 million. The company recorded a loss from operations of $0.5 million for the quarter, a $3.0 million improvement compared to the prior quarter. Net loss for the quarter was $3.4 million, or $(0.02) per share.
As of September 26, 2026, Kopin had cash and cash equivalents of $25.8 million, with total cash, restricted cash, and marketable securities totaling $51.3 million. The company reported capital expenditures of $1.4 million for the quarter.
In other operational news, Kopin secured an additional $18.6 million sole-source award from the Office of the Secretary of War under the U.S. Army Contracting Command’s Industrial Base Analysis and Sustainment (IBAS) program. This brings the cumulative IBAS funding for the company’s color MicroLED technology to $34 million.
Kopin also advanced its Neural I/o optical interconnect co-developed with Fabric.AI toward its first public demonstration at CES in January 2027. Additionally, the company received a $2.4 million order for OLED microdisplays from a new customer through Kopin Europe, a leading international thermal weapon sight manufacturer, with deliveries scheduled to begin in the fourth quarter of 2026.
