Kopin posts Q3 net loss and falls below analysts expectations
Overview
US microdisplay maker's preliminary Q3 revenue grew 52% yr/yr, beating analyst expectations
Q3 loss per share and net loss both missed analyst expectations
Company posts a Q3 net loss compared to a profit last year
Revenue growth driven by funded development and grant programs, especially MicroLED and R&D collaborations
Outlook
Company expects MicroLED product manufacturing to begin in mid-2027
Company says Neural I/o™ remains on schedule for first public demonstration at CES in January 2027
Company expects a strong second half and progress toward sustainable GAAP profitability
Result Drivers
FUNDED DEVELOPMENT PROGRAMS - Co said revenue growth was primarily driven by funded development programs, including joint development with Fabric.AI and U.S. government MicroLED grants
INCREASED OPERATING LEVERAGE - Co said improved operating leverage contributed to narrowing loss from operations, as revenue growth outpaced operating expense increases
NEW ORDERS AND GRANTS - Co received a $2.4 mln OLED microdisplay order from a new customer and an $800,000 manufacturing grant, supporting future revenue and production capacity
Company press release:
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Revenue | Beat | $18.20 mln | $15.96 mln (7 Analysts) |
Q3 Loss Per Share | Miss | $0.02 | $0.005 (6 Analysts) |
Q3 Net Loss | Miss | $3.40 mln | $1.03 mln (7 Analysts) |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "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 is $7.00, about 107.1% above its November 9 closing price of $3.38
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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.)