NASDAQ: KOPN $ 1.31 +0.06( +4.8%) Volume: 164,346 January 16, 2019 20 min delay

Kopin Corporation Provides Preliminary 2014 Revenue Results Exceeding Expectations


Company On Track For Aggressive Implementation of Wearables Strategy in 2015

WESTBOROUGH, Mass.--(BUSINESS WIRE)-- Kopin Corporation (NASDAQ:KOPN), a leading developer of innovative wearable computing technologies and solutions, today provided a preliminary update on its business initiatives and revenues for the fiscal year ended December 27, 2014.

Kopin expects revenue for fiscal year 2014 to be at least $30.0 million, significantly above the Company's previously stated guidance of $24.0 million to $28.0 million.

“2014 was a solid year as we finished with strong revenues and established Kopin as a leading provider of wearable technologies,” said Dr. John Fan, Kopin’s President and Chief Executive Officer. “We made strong progress in developing critical components and solutions for Wearables. We have completed the construction of new product line capabilities at our Westborough location, providing the promised additional production capacity. We are now aggressively hiring to staff this site and meet the growing demand for our wearable products and solutions. Meanwhile, we made significant progress with some of the world’s leading players in the growing wearables space and we look for these partnerships to begin bearing fruit this year.”

Dr. Fan continued, “We are very excited about Kopin’s opportunity as we are uniquely positioned with our products, wearable system know-how and strong IP portfolio to capitalize on this huge, emerging market. Perhaps most importantly, we look for our revenues from wearable customers to ramp significantly in 2015.”

About Kopin

Kopin is a leading developer and provider of innovative wearable technologies and solutions. Kopin’s technology portfolio includes ultra-small displays, optics, speech enhancement technology, software, low-power chipsets, and ergonomically designed headset computing systems. Kopin's proprietary components and technology are protected by more than 250 global patents and patents pending. For more information, please visit Kopin's website at

Kopin, Pupil and Golden-i are trademarks of Kopin Corporation.

Forward-Looking Statements

Statements in this news release may be considered “forward-looking” statements under the “Safe Harbor” provisions of the Private Securities Litigation Reform Act of 1995. These include, without limitation, statements relating to construction of additional production capabilities at Kopin Corporation’s (“we”, “our” or “the Company”) Westborough site; the Company’s expectation that its full-year 2014 revenue will be at least $30 million; and our belief that wearables revenues will ramp significantly in 2015. These statements involve a number of risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements. These risks and uncertainties include, but are not limited to, the following: it may take longer than the Company estimates to develop products; the Company’s products may not be accepted by the market place; the Company’s 2014 and 2015 financial expectations may turn out to be wrong; there may be issues that prevent the adoption or further development of the Company’s wearable computing technologies; manufacturing, marketing or other issues may prevent either the adoption or acceptance of products; the Company might be adversely affected by competitive products and pricing; new product initiatives and other research and development efforts may be unsuccessful; the Company could experience the loss of significant customers; costs to produce the Company’s products might increase significantly, or yields could decline; the Company’s customers might be unable to ramp production volumes of its products, or the Company’s product forecasts could turn out to be wrong; manufacturing delays, technical issues, economic conditions or external factors may prevent the Company from achieving its financial guidance; and other risk factors and cautionary statements listed in the Company’s periodic reports and registration statements filed with the Securities and Exchange Commission, including the Annual Report on Form 10-K for the 12 months ended December 27, 2014, and the Company’s subsequent filings with the Securities and Exchange Commission. You should not place undue reliance on any forward-looking statements, which are based only on information currently available to the Company and speak only as of the date on which they are made. The Company undertakes no obligation to update any of these forward-looking statements to reflect events or circumstances occurring after the date of this release.

Source: Kopin Corporation

Kopin Corporation

Richard Sneider, 508-870-5959

Treasurer and Chief Financial Officer


Market Street Partners

Jacob Moelter, 415-445-3235