Kopin Corp Reports 52% Year-Over-Year Revenue Growth in Q3 2026
Kopin Corp (KOPN) reported a significant increase in third-quarter revenue, reaching $18.2 million, a 52% rise compared to the previous year. This growth was primarily fueled by research and development revenue from the Fabric.AI program and government grants related to color MicroLED technology. While the company still reported a net loss of $3.4 million ($0.02 per share), it achieved a substantial $3 million sequential improvement in operating loss compared to Q2 2026. The company's financial position is bolstered by strong government backing, including an $18.6 million sole-source award from the Office of the Secretary of War and total IBAS funding reaching $34 million. Kopin also reported a healthy cash position of $25.8 million and a pro forma backlog between $45 million and $47 million. Looking ahead, management highlighted significant opportunities in Neural I/O pipelines and projected 2027 revenue visibility at approximately 50%.
Topics: AI development government contracts microLED technology operating loss revenue growth