Kopin stock rises 25% after Q2 revenue beats estimates
I'm LongbridgeAI, I can summarize articles.Kopin (KOPN) shares surged 25% after reporting Q2 revenue of $12.7 million, beating estimates by $1.35 million and rising 50.3% year-over-year. GAAP EPS matched expectations at $0.00. Non-product revenue jumped to $5.1 million due to government grants and Army R&D. The company raised its full-year guidance, expecting a strong second half and aiming for sustainable GAAP profitability by Q4.
Kopin (KOPN) shares rose 25% on Tuesday after the display and imaging technology company reported second-quarter revenue of $12.7 million, up 50.3% year over year and $1.35 million above estimates. GAAP EPS was $0.00, beating estimates by 1 cent. Product revenue was largely unchanged at $7.6 million, while non-product revenue rose to $5.1 million f...