- Kopin Corp KOPN reported third-quarter FY22 revenue growth of 23% year-on-year to $13.4 million, beating the consensus of $12.1 million.
- Revenues from Defense Applications grew by 115% Y/Y to $7.5 million, while Industrial Applications decreased by 37% Y/Y to $1.7 million.
- Product revenues grew 50.2% Y/Y to $9.9 million, while R&D revenues fell 19% Y/Y to $3.5 million.
- EPS loss of $(0.05) missed the consensus loss of $(0.04).
- The company held $15 million in cash and equivalents.
- "We had a good quarter with revenues up 23% over the third quarter of last year, driven by growth in our defense and consumer businesses," said Michael Murray, Kopin's CEO.
- Price Action: KOPN shares traded higher by 1.85% at $1.10 on the last check Tuesday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in