10-Q · May 12, 2026
Kopin Corporation reported Q1 2026 revenues of $10.55 million, slightly above the previous year's $10.54 million, while its EPS was -$0.01, matching consensus estimates. The company experienced a notable decrease in…
Earnings analysis · 10-Q
KOPN earnings analysis
Filed August 11, 2026 · Our reading of the company's report
The latest report
Kopin’s Q2 2026 revenue increased to $12.7 million, up 15.5% sequentially and 58.8% year over year, while diluted EPS improved to $0.00 from losses of $(0.02) and $(0.03), respectively. However, the provided filing text…
Read full summary
Kopin’s Q2 2026 revenue increased to $12.7 million, up 15.5% sequentially and 58.8% year over year, while diluted EPS improved to $0.00 from losses of $(0.02) and $(0.03), respectively. However, the provided filing text does not disclose current gross margin, operating margin, free cash flow, balance-sheet trends, or segment results. Persistent material weaknesses in controls and the $19.7 million BlueRadios judgment, supported by $24.2 million of restricted cash, remain significant offsets to the improved operating trend.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $0.0
What stood out
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Revenue Rebounded Year Over Year
Q2 2026 revenue was $12.7 million, up approximately 15.5% from $11.0 million in Q1 2026 and 58.8% from $8.0 million in Q2 2025. Revenue exceeded the provided consensus estimate of $11.83 million by approximately 7.4%.
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EPS Improved to Break-Even
Reported diluted EPS was $0.00 versus $(0.02) in Q1 2026 and $(0.03) in Q2 2025, and exceeded the provided $(0.01) consensus estimate.
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Litigation Funding Remains Secured
Management said the $24.2 million deposited with its bank for the BlueRadios-related letter of credit remains classified as restricted cash; the associated supersedeas bond was $23.0 million.
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Remediation Plan Is Underway
Management stated that remediation activities for the identified internal-control weaknesses are ongoing under Audit Committee oversight, although the weaknesses continued as of June 27, 2026.
What to watch
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Material Control Weaknesses Persist
Disclosure controls were not effective as of June 27, 2026 because material weaknesses continued in IT general controls, period-end reporting, revenue-cycle controls, and controls over significant unusual transactions. The filing says there were 4 categories of control deficiencies described as material weaknesses.
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BlueRadios Appeal Adds Litigation Risk
The BlueRadios appellate brief seeks to affirm the approximately $19.7 million judgment and reverse portions of the decision denying additional damages, injunctive relief, and unpaid retainer claims. The company reported no change to the corresponding legal accrual as of June 27, 2026.
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Restricted Cash Constrains Liquidity
The company has $24.2 million classified as restricted cash supporting a $23.0 million supersedeas bond, limiting liquidity while the BlueRadios appeal proceeds. The filing states the bank may use the $23.0 million to satisfy the letter of credit if it is called.
Management's outlook
The provided 10-Q text does not include explicit quantitative revenue or EPS guidance; the prior Q2 revenue outlook was approximately $15.0 million, but no updated outlook is disclosed here.
Earlier filings 2
10-K · April 13, 2026
Kopin reports Total Revenues of $39,324,000 for fiscal 2025, down from $50,335,000 in 2024, driven by a decline in defense product sales. The company is pivoting from component sales toward integrated headsets and ASOS,…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.