Overview
* Kopin ( KOPN ) 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 ( KOPN ) expects to grow aggressively in U.S. and international markets
* Company notes increased defense budgets in U.S., EU, and Southeast Asia
* Kopin ( KOPN ) highlights $41 mln private placement to support strategic growth
Result Drivers
* STRATEGIC PARTNERSHIPS - Kopin ( KOPN ) 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
Metric Beat/Mis Actual Consensu
s s
Estimate
Q3 Miss $12 mln $13.50
Revenue mln (3
Analysts
)
Q3 EPS Beat $0.02 -$0.01
(2
Analysts
)
Q3 Net Beat $4.10 -$2.09
Income mln mln (2
Analysts
)
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 ( KOPN ) is $4.25, about 34.1% above its November 11 closing price of $2.80
Press Release:
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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.)