KOPN on Nasdaq
Kopin Corporation
American electronics manufacturer
The Kopin Corporation (Nasdaq: KOPN) is a Westborough, Massachusetts-based electronics manufacturer, best known for its microdisplay devices and application specific optical solutions for defense, enterprise, medical and consumer mobile electronics.3 From Wikipedia, CC BY-SA 4.0
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Last updated Oct 18, 2026.
Overview
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- TickerKOPN on Nasdaq1
- IndustrySemiconductors & Related Devices1
- HeadquartersWestborough1
- Websitewww.kopin.com
- Incorporated inDE4
- Business address125 North Drive, Westborough, Ma 015814
- Filer categoryNon-accelerated filer, Smaller reporting company4
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The Kopin Corporation (Nasdaq: KOPN) is a Westborough, Massachusetts-based electronics manufacturer, best known for its microdisplay devices and application specific optical solutions for defense, enterprise, medical and consumer mobile electronics.3
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Products and services
Defense brought in 78% of the revenue Kopin Corporation broke down this way in fiscal 2025.
Products and services by year
| Products and services | 2024 | 2025 |
|---|---|---|
| Defense | $41.2M | $29.4M |
| Industrial | $2.2M | $3.0M |
| Non ASC Six Zero Six Revenues | $1.3M | |
| Grant Income | $858.1K | |
| Grant | $858.0K | |
| Medical | $103.0K | $594.0K |
| License and Royalties | $762.0K | $410.0K |
| License and Other Revenues | $762.1K | $409.9K |
| Collaboration | $399.0K | |
| Collaboration Arrangement Income | $398.9K | |
| Other Product | $78.0K | |
| Consumer | $24.0K | $9.0K |
Regions
United States brought in 94% of the revenue Kopin Corporation broke down this way in fiscal 2025.
Regions by year
| Regions | 2024 | 2025 |
|---|---|---|
| United States | $47.6M | $37.1M |
| Asia Pacific | $2.0M | $1.2M |
| Europe | $782.0K | $961.0K |
| Other Americas | $5.0K | $62.0K |
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Research and development17¢$6.7M
- Selling, general and admin41¢$16.3M
- Other costs34¢$13.5M
- Income tax1¢$208.0K
- Profit7¢$2.6M
Out of $39.3M in revenue.6
Financial statements
Every line of the income statement as filed: the last 2 fiscal years, latest first.6
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Total revenues | $39.3M | $50.3M |
| Cost of product revenues | $27.8M | $36.2M |
| Research and development-Funded | $3.5M | $3.8M |
| Research and development Internal | $6.7M | $5.8M |
| Selling, general and administrative | $16.3M | $22.8M |
| Litigation damages | -$5.1M | $24.8M |
| Total operating expenses | $49.2M | $93.4M |
| Loss from operations | -$9.9M | -$43.1M |
| Interest income | $1.1M | $817.2K |
| Other income, net | $154.2K | $20.0K |
| Foreign currency transaction gains | $286.3K | $175.9K |
| Gain on deconsolidation of subsidiary | $11.1M | |
| Gain (loss) on investments | $1.4K | -$1.6M |
| Total non-operating income (expense) | $12.7M | -$599.1K |
| Income (loss) before provision for income taxes | $2.8M | -$43.7M |
| Provision for income taxes | -$208.0K | -$170.0K |
| Net income (loss) | $2.6M | -$43.9M |
| Dividends and deemed dividends on Series A convertible preferred stock | -$57.2K | |
| Net income (loss) attributable to common stockholders | $2.5M | -$43.9M |
| Basic | $0.01 | -$0.33 |
| Diluted | $0.01 | -$0.33 |
| Basic | 171.3M shares | 132.9M shares |
| Diluted | 175.1M shares | 132.9M shares |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 5 fiscal years (annual) or 5 quarters (quarterly), latest first.6
| Period ending | 2025-12-31 | 2025-06-30 | 2024-12-31 | 2024-05-31 | 2023-12-31 |
|---|---|---|---|---|---|
| Cash and cash equivalents | $36.4M | $14.2M | |||
| Restricted cash and cash equivalents | $25.3M | $1.1M | |||
| Marketable securities, at fair value | $21.4M | ||||
| Accounts receivable, net of allowance of $19,000 and $1,075,000 in 2025 and 2024, respectively | $10.7M | $11.9M | $9.7M | ||
| Contract assets | $6.0M | $7.1M | |||
| Inventory | $5.5M | $6.1M | |||
| Other receivable, at fair value | $5.1M | ||||
| Prepaid expenses and other current assets | $2.9M | $1.2M | |||
| Total current assets | $91.8M | $62.8M | |||
| Property, plant and equipment, net | $2.6M | $2.1M | |||
| Operating lease right-of-use assets | $1.5M | $2.1M | |||
| Other assets | $123.8K | $123.8K | |||
| Equity method investment, at fair value | $8.9M | ||||
| Equity investments | $3.5M | $3.6M | |||
| Total assets | $108.4M | $70.8M | |||
| Accounts payable | $5.3M | $5.9M | |||
| Accrued payroll and expenses | $2.2M | $2.4M | |||
| Accrued warranty | $1.2M | $2.6M | |||
| Contract liabilities | $1.2M | $87.8K | $900.0K | ||
| Deferred grant income | $2.7M | ||||
| Operating lease liabilities | $648.5K | $639.6K | |||
| Accrued post-retirement benefits | $40.0K | $40.0K | |||
| Other accrued liabilities | $422.4K | $685.9K | |||
| Accrued legal expenses | $185.5K | $6.4M | |||
| Deferred tax liabilities | $422.5K | $414.1K | |||
| Accrued litigation damages | $19.7M | $24.8M | |||
| Total current liabilities | $34.0M | $43.9M | |||
| Noncurrent contract liabilities and asset retirement obligations | $3.7K | $358.3K | |||
| Operating lease liabilities, net of current portion | $831.5K | $1.5M | |||
| Accrued post-retirement benefits, net of current portion | $190.7K | $230.6K | |||
| Other long-term liabilities, net of current portion | $1.7M | $1.5M | |||
| Total liabilities | $36.7M | $47.5M | |||
| Common stock, par value $0.01; 275,000,000 shares authorized, 183,015,207 issued, and 176,903,857 outstanding at December 27, 2025; 200,000,000 shares authorized, 161,264,507 issued, and 156,118,014 outstanding at December 28, 2024 | $1.8M | $1.6M | |||
| Additional paid-in capital | $463.2M | $422.1M | |||
| Treasury stock 771,500 shares in 2025 and 312,882 shares in 2024, at cost) | -$1.4M | -$370.0K | |||
| Accumulated other comprehensive income | $2.0M | ||||
| Accumulated deficit | -$399.4M | -$402.0M | |||
| Total stockholders equity | $64.1M | $23.3M | |||
| Total liabilities, redeemable convertible preferred stock, and stockholders equity | $108.4M | $70.8M | |||
| Accounts receivable, allowance | $19.0K | $1.1M | |||
| Preferred stock, par value | $0.01 | $0.01 | |||
| Preferred stock, shares authorized | 3.0K shares | 3.0K shares | |||
| Preferred stock, shares issued | 0 shares | 0 shares | |||
| Preferred stock, shares outstanding | 0 shares | 0 shares | |||
| Common stock, par value | $0.01 | $0.01 | $0.01 | $0.01 | |
| Common stock, shares authorized | 275.0M shares | 200.0M shares | |||
| Common stock, shares issued | 183.0M shares | 161.3M shares | |||
| Common stock, shares outstanding | 176.9M shares | 156.1M shares | |||
| Treasury stock, shares | 771.5K shares | 312.9K shares |
| Period ending | 2025-12-31 | 2025-06-30 | 2024-12-31 | 2024-05-31 | 2023-12-31 |
|---|---|---|---|---|---|
| Cash and cash equivalents | $36.4M | $14.2M | |||
| Restricted cash and cash equivalents | $25.3M | $1.1M | |||
| Marketable securities, at fair value | $21.4M | ||||
| Accounts receivable, net of allowance of $19,000 and $1,075,000 in 2025 and 2024, respectively | $10.7M | $11.9M | $9.7M | ||
| Contract assets | $6.0M | $7.1M | |||
| Inventory | $5.5M | $6.1M | |||
| Other receivable, at fair value | $5.1M | ||||
| Prepaid expenses and other current assets | $2.9M | $1.2M | |||
| Total current assets | $91.8M | $62.8M | |||
| Property, plant and equipment, net | $2.6M | $2.1M | |||
| Operating lease right-of-use assets | $1.5M | $2.1M | |||
| Other assets | $123.8K | $123.8K | |||
| Equity method investment, at fair value | $8.9M | ||||
| Equity investments | $3.5M | $3.6M | |||
| Total assets | $108.4M | $70.8M | |||
| Accounts payable | $5.3M | $5.9M | |||
| Accrued payroll and expenses | $2.2M | $2.4M | |||
| Accrued warranty | $1.2M | $2.6M | |||
| Contract liabilities | $1.2M | $87.8K | $900.0K | ||
| Deferred grant income | $2.7M | ||||
| Operating lease liabilities | $648.5K | $639.6K | |||
| Accrued post-retirement benefits | $40.0K | $40.0K | |||
| Other accrued liabilities | $422.4K | $685.9K | |||
| Accrued legal expenses | $185.5K | $6.4M | |||
| Deferred tax liabilities | $422.5K | $414.1K | |||
| Accrued litigation damages | $19.7M | $24.8M | |||
| Total current liabilities | $34.0M | $43.9M | |||
| Noncurrent contract liabilities and asset retirement obligations | $3.7K | $358.3K | |||
| Operating lease liabilities, net of current portion | $831.5K | $1.5M | |||
| Accrued post-retirement benefits, net of current portion | $190.7K | $230.6K | |||
| Other long-term liabilities, net of current portion | $1.7M | $1.5M | |||
| Total liabilities | $36.7M | $47.5M | |||
| Common stock, par value $0.01; 275,000,000 shares authorized, 183,015,207 issued, and 176,903,857 outstanding at December 27, 2025; 200,000,000 shares authorized, 161,264,507 issued, and 156,118,014 outstanding at December 28, 2024 | $1.8M | $1.6M | |||
| Additional paid-in capital | $463.2M | $422.1M | |||
| Treasury stock 771,500 shares in 2025 and 312,882 shares in 2024, at cost) | -$1.4M | -$370.0K | |||
| Accumulated other comprehensive income | $2.0M | ||||
| Accumulated deficit | -$399.4M | -$402.0M | |||
| Total stockholders equity | $64.1M | $23.3M | |||
| Total liabilities, redeemable convertible preferred stock, and stockholders equity | $108.4M | $70.8M | |||
| Accounts receivable, allowance | $19.0K | $1.1M | |||
| Preferred stock, par value | $0.01 | $0.01 | |||
| Preferred stock, shares authorized | 3.0K shares | 3.0K shares | |||
| Preferred stock, shares issued | 0 shares | 0 shares | |||
| Preferred stock, shares outstanding | 0 shares | 0 shares | |||
| Common stock, par value | $0.01 | $0.01 | $0.01 | $0.01 | |
| Common stock, shares authorized | 275.0M shares | 200.0M shares | |||
| Common stock, shares issued | 183.0M shares | 161.3M shares | |||
| Common stock, shares outstanding | 176.9M shares | 156.1M shares | |||
| Treasury stock, shares | 771.5K shares | 312.9K shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 2 fiscal years, latest first.6
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Net income (loss) | $2.6M | -$43.9M |
| Depreciation and amortization | $829.6K | $636.6K |
| Stock-based compensation | $3.0M | $3.3M |
| Non-cash (gain) loss on equity investments | -$161.4K | $1.6M |
| Gain on sale of equity investment | -$300.0K | |
| Gain on deconsolidation of subsidiary | -$11.1M | |
| Income taxes | $208.9K | $170.6K |
| Foreign currency gains | -$326.1K | -$207.9K |
| Loss on disposal of property and equipment | $88.2K | $59.2K |
| Provision for credit losses | $10.0K | $105.8K |
| Noncash provision for excess inventory | $968.1K | $2.4M |
| Accrued litigation damages | -$5.1M | $24.8M |
| Accounts receivable | $896.2K | -$1.6M |
| Contract assets | $942.2K | -$3.9M |
| Inventory | -$1.5M | -$922.6K |
| Prepaid expenses and other current assets | -$1.7M | $53.6K |
| Other assets | -$240.6K | |
| Accounts payable and accrued expenses | -$7.1M | $3.6M |
| Accrued warranty | -$1.4M | $396.5K |
| Contract liabilities | $3.8M | -$845.0K |
| Net cash used in operating activities | -$15.5M | -$14.2M |
| Proceeds from sale of marketable securities | $36.4M | $9.7M |
| Proceeds from sale of equity investment | $300.0K | |
| Other assets | -$45 | |
| Capital expenditures | -$1.4M | -$815.3K |
| Deconsolidation of subsidiary cash | -$419.4K | |
| Payments to equity method investee | -$1.7M | |
| Purchases of marketable securities | -$15.2M | -$19.2M |
| Net cash used in investing activities | $18.0M | -$10.3M |
| Issuance of common stock and pre-funded warrants, net of costs | $38.3M | $33.8M |
| Issuance of preferred stock, net of costs | $6.7M | |
| Settlements of restricted stock for tax withholding obligations | -$1.0M | -$266.9K |
| Net cash provided by financing activities | $44.0M | $33.5M |
| Effect of exchange rate changes on cash | $4.0K | -$952 |
| Net change in cash, cash equivalents and restricted cash | $46.4M | $9.0M |
| Construction in progress included in accrued expenses | $3.6K | $17.0K |
| Right-of-use asset obtained in exchange for lease liability | $217.0K | |
| Accrued dividends | $28.0K |
No quarter-by-quarter statement was filed.
Leadership
Who has led Kopin Corporation, and when. Pick a name to see everywhere that person has worked.
Chief executive
Chief financial officer
- Chief executive officerJohn C. C. Fan Mar 24, 2006 to Mar 15, 202214
- PresidentBor Yeu Tsaur Dec 13, 2011 to Dec 13, 201115
- PresidentJohn C. C. Fan Mar 24, 2006 to Mar 15, 202214
- Chief financial officerErich Manz Oct 23, 2025 to now16
- Chief financial officerRichard Sneider Mar 24, 2006 to Oct 23, 202517
Board members and other officers (18)
- Senior Vice PresidentRichard Sneider Apr 1, 2008 to Apr 1, 200818
- Executive Vice PresidentBor Yeu Tsaur Mar 24, 2006 to Jan 6, 202319
- Senior Vice PresidentDaily S. Hill Mar 24, 2006 to Dec 11, 201220
- Chief Technology OfficerHong K. Choi Mar 24, 2006 to Feb 1, 202321
- Vice PresidentMatthew J. Micci Mar 24, 2006 to Mar 24, 200622
- VP of Govt Progs and Spec ProjMichael Presz Mar 24, 2006 to Apr 1, 201523
- Board memberMargaret K. Seif Sep 3, 2024 to now24
- Board memberDavid J. Nieuwsma Nov 13, 2023 to now25
- Board memberJill Janice Avery Jun 16, 2021 to now26
- Board memberRichard Hoe Osgood Iii. May 22, 2019 to Feb 3, 202127
- Board memberScott L. Anchin May 22, 2019 to May 25, 202328
- Board memberDavid Brook Feb 10, 2006 to May 26, 202229
- Board memberJohn C. C. Fan Mar 24, 2006 to May 25, 202314
- Board memberJames K. Brewington Jun 1, 2006 to May 31, 202430
- Board memberMichael J. Landine Jul 14, 2006 to Jul 5, 201831
- Board memberMorton Collins Jul 14, 2006 to Dec 8, 202132
- Board memberAndrew Chapman Jul 17, 2006 to Apr 11, 201933
- Board memberChi Chia Hsieh Dr. Jul 17, 2006 to Jun 10, 202434
Products and brands
Kopin also previously manufactured heterojunction bipolar transistors.
From Wikipedia’s article on Kopin Corporation, shared under CC BY-SA 4.0.5
Acquisitions
In January 2011, Kopin acquired British optoelectronics company Forth Dimension Displays (FDD) for £7 million in cash. Kopin's former president John Fan indicated in media comments that Kopin was especially interested in FDD's ultra-high resolution reflective microdisplays and time domain imaging technology.
From Wikipedia’s article on Kopin Corporation, shared under CC BY-SA 4.0.5
Controversies and legal
Controversy
In July 1999, Neil Bush, (son to President George H. W. Bush and brother to President George W. Bush) made at least $798,000 on three stock trades in a single day of Kopin Corp. where he had been employed as a consultant. The company announced on the same day good news about a new Asian client that sent its stock value soaring. Bush stated that he had no inside knowledge and that his financial advisor had recommended the trades. He said, "any increase in the price of the stock on that day was purely coincidental, meaning that I did not have any improper information."
When asked in January 2004 about the stock trades, Bush contrasted the capital gains he reported in 1999 and 2000 with the capital losses on Kopin stock he reported ($287,722 in all) in 2001. In 2001 Kopin joined a broad decline in high-tech stock valuations.
From Wikipedia’s article on Kopin Corporation, shared under CC BY-SA 4.0.5
Timeline
- Mar 24, 2006New chief executive John C. C. Fan becomes CEO14
Filings
254 filings to the SEC since October 2021: 8 annual reports, 16 quarterly reports, 61 major events, 100 insider forms, 15 large holders, 1 private raises, 53 other. The latest 20:
- Aug 12, 2026S-8 EDGAR
- Aug 11, 202610-Q EDGAR
- Aug 10, 20268-K EDGAR
- Aug 7, 2026SCHEDULE 13G EDGAR
- Jul 27, 2026SCHEDULE 13G/A EDGAR
- Jun 18, 20268-K EDGAR
- Jun 12, 20264 EDGAR
- Jun 12, 20264 EDGAR
- Jun 12, 20264 EDGAR
- Jun 12, 20264 EDGAR
- Jun 4, 20268-K EDGAR
- May 29, 2026EFFECT EDGAR
- May 28, 2026POS AM EDGAR
- May 28, 20268-K EDGAR
- May 27, 2026SD EDGAR
- May 13, 2026POS AM EDGAR
- May 12, 202610-Q EDGAR
- May 12, 20268-K EDGAR
- May 8, 20264 EDGAR
- May 6, 2026144 EDGAR
The 254 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last three years, summarized. The full record is on SEC EDGAR.
Insider trades and holders
Large holders
Investors who own more than 5% must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively. 15 such filings since October 2021, the latest 10:
- Aug 7, 2026SCHEDULE 13G
- Jul 27, 2026SCHEDULE 13G/A
- Mar 27, 2026SCHEDULE 13G/A
- Feb 9, 2026SCHEDULE 13G
- Jan 21, 2026SCHEDULE 13G/A
- Nov 6, 2025SCHEDULE 13G
- Oct 22, 2025SCHEDULE 13G/A
- Jul 29, 2025SCHEDULE 13G
- Apr 29, 2025SCHEDULE 13G
- Feb 14, 2024SC 13G
From Forms 4 and Schedules 13D and 13G filed with the SEC.
Money raised
Private offerings the company reported to the SEC on Form D.
- Sep 29, 2025Raised $41 million in a private offering of equity Form D: 10 investors so far Form D
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.
| Fund | Shares | Value | Share of the fund | Change |
|---|---|---|---|---|
| State Street Corp | 17,127,045 | $76.7M | 0.0% | +5,778,720 |
| BlackRock, Inc. | 14,777,957 | $66.2M | 0.0% | +2,690,881 |
| AWM Investment Company, Inc. | 8,024,062 | $35.9M | 3.1% | −3,790,750 |
| Vanguard Capital Management LLC | 7,734,272 | $34.6M | 0.0% | +48,605 |
| Telemark Asset Management, LLC | 7,000,000 | $31.4M | 2.3% | No change |
| Royce & Associates LP | 5,952,840 | $26.7M | 0.2% | −1,265,357 |
| Geode Capital Management, LLC | 4,607,954 | $20.6M | 0.0% | +272,099 |
| Two Sigma Investments, LP | 2,302,690 | $10.3M | 0.0% | +2,247,798 |
| Vanguard Portfolio Management LLC | 2,015,785 | $9.0M | 0.0% | +342,135 |
| UBS Group AG | 1,653,928 | $7.4M | 0.0% | +30,146 |
| Morgan Stanley | 1,524,863 | $6.8M | 0.0% | +1,363,865 |
| Squarepoint Ops LLC | 1,490,289 | $6.7M | 0.0% | +1,172,369 |
| Northern Trust Corp | 1,438,454 | $6.4M | 0.0% | +109,214 |
| Mitsubishi UFJ Asset Management Co., Ltd. | 1,421,529 | $6.4M | 0.0% | −216,131 |
| Silverberg Bernstein Capital Management LLC | 1,302,242 | $5.8M | 2.2% | −8,434 |
| HERALD INVESTMENT MANAGEMENT Ltd | 1,247,500 | $5.6M | 0.8% | −652,500 |
| Vanguard Fiduciary Trust Co | 1,222,901 | $5.5M | 0.0% | −64,149 |
| Russell Investments Group, Ltd. | 1,161,879 | $5.2M | 0.0% | +697,514 |
| Next Century Growth Investors LLC | 1,071,652 | $4.8M | 0.3% | +834,345 |
| Voloridge Investment Management, LLC | 867,506 | $3.9M | 0.0% | New |
| Millennium Management LLC | 825,215 | $3.7M | 0.0% | +686,596 |
| LPL Financial LLC | 801,272 | $3.6M | 0.0% | +783,398 |
| Needham Investment Management LLC | 750,000 | $3.4M | 0.1% | +250,000 |
| Invesco Ltd. | 699,386 | $3.1M | 0.0% | −410,447 |
| Stifel Financial Corp | 683,050 | $3.1M | 0.0% | −167,875 |
13F reports cover disclosed long positions in U.S. stocks only.
Links
- Websitewww.kopin.com1
- WikipediaKopin Corporation
- WikidataQ16998645
- SEC EDGARCIK 771266
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1WikidataKopin Corporation on Wikidata
- 2
- 3WikipediaKopin Corporation on Wikipedia
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- 15SEC EDGARBor Yeu Tsaur, President
- 16SEC EDGARErich Manz, Chief financial officer
- 17
- 18
- 19
- 20SEC EDGARDaily S. Hill, Senior Vice President
- 21
- 22SEC EDGARMatthew J. Micci, Vice President
- 23
- 24SEC EDGARMargaret K. Seif, Board member
- 25SEC EDGARDavid J. Nieuwsma, Board member
- 26SEC EDGARJill Janice Avery, Board member
- 27
- 28SEC EDGARScott L. Anchin, Board member
- 29SEC EDGARDavid Brook, Board member
- 30SEC EDGARJames K. Brewington, Board member
- 31SEC EDGARMichael J. Landine, Board member
- 32SEC EDGARMorton Collins, Board member
- 33SEC EDGARAndrew Chapman, Board member
- 34SEC EDGARChi Chia Hsieh Dr., Board member