I'm thinking KOPN and EMAN will merge together. Put the charts side by side and they are almost identical with the exception of KOPN being double the cost now. This is IMO only but I'm betting heavy on EMAN with dPd technology.
IMO this technology is a game changer that everyone will want to use.
PS got some $3.00's today!
Did you do a market order or limit order? If you do a market order which I have done in the past, they jacked the price on me on the OTC.
Very strange. Yesterday I bought at 10.86 and sold at 11.24 for a 380.00 profit. But today my account is showing a loss and showing I paid 17.50 per share? KOPN was never $17.50 so how do you explaine this? Could we be getting $17.70 per share with a possible merger coming?
Next week, kopn will be sitting at least $11 .
By then stimulus package would be passed then all stock markets will be all time high.
We are back into the game
Try doing your homework before shorting a stock. You may want to look at option calls on KOPN! Very BULLISH!!! You’re about to be squeezed like a lemon!!!
LOL waiting for all my short sells to fill. $$$$$$$$$$$$$$$$$$$$$$$
Many of the officers had to take an approximate 20% pay cut in 2020, so maybe the pre-planned sales are making up for lost income?
OMG !! with this breaking news, pps will be around $6.50 for today. And tomorrow it will reach $7.25.
I am looking at $8 for the rest of this week.
I think I am right because it closes at $5.20 (approximately).
Hedge funds trade after hours to scare you all off. Keep buying and holding.
Why stock is down after hours.
Hedge fund managers, short sellers, and market makers are using extended hour trading to scare retail traders(you) off.
Once retail traders are able to get back in at market open tomorrow, this will again go up.
Just In: $KOPN Kopin Announces Very Solid Results for Third Quarter of 2020
- Total Third Quarter Revenue Increases 55% year-over-year - Net loss for Q3 2020 decreases to $0.01/share from $0.08/share for Q3 2019 - Develops Potentially World’s Brightest Color Duo-Stack OLED Microdisplay Kopin® Corporation (Nasdaq: KOPN), a lea...
In case you are interested KOPN - Kopin Announces Very Solid Results for Third Quarter of 2020
You sure did $$$$$$$$$$$$$$$$$$$$$$
Kopin Corporation (Nasdaq: KOPN), a leading developer and provider of high resolution micro displays, optical modules and display sub-assemblies, today provided an update on its business initiatives and financial results for the second quarter ended June 27, 2020.
"We are very pleased that strong demand for our products continued in the second quarter with our total product revenues growing by 50% year over year,” said Dr. John C.C. Fan, CEO of Kopin." Revenue growth was driven by shipments for current defense production programs along with funded development programs tied to longer term revenue opportunities. Our strong pipeline of defense development programs, which are in support of soldiers, fixed-wing and rotary aircraft and armored vehicles, continues to expand and is now the strongest in Kopin’s history. While some of these development programs may not contribute significantly to product revenue for the next year or two, or perhaps not all, we expect the strength in our defense revenues to continue.”
Dr. Fan continued, “From an operational standpoint, our ongoing initiatives to improve execution and manufacturing efficiencies are starting to show results, and we achieved further progress in reducing our cost structure. In the second quarter R&D and SG&A were lower by 41% versus the second quarter of 2019, with current internal R&D investments primarily focused on our Organic Light Emitting Diode (OLED) displays. We recently announced our latest achievement in the Lightning® 2.6K x 2.6K OLED display (2560 x 2560 resolution) based on our duo-stack, ColorMaxTM technology, which demonstrated breakthrough color fidelity (> 115% sRGB) combined with high efficiency (> 6 candela per ampere) and brightness (> 1000 nits). In addition to shipping our first production order of OLED backplane wafers in the quarter, we also received a follow-on order.
“Our continued success would not be possible without the dedication of our employees. Kopin has remained open and operating during the COVID 19 lockdown due to the essential nature of our defense-related business. I believe we have done a great job coordinating the activities of our employees, both working on-site and remotely. While we continue to take additional precautions, our AMLCD products are made in a Class 10 cleanroom where our employees have always been gowned and worn masks and gloves, providing important protection.”
Dr. Fan concluded, “While we continue to manage through these unusual times, we believe our strong defense business, our full suite of micro displays, OLED micro displays development activities and continued emphasis on efficiently managing our cost structure will enable us to continue our momentum into the second half of 2020 and beyond.”
Second Quarter Financial Results
Product revenues for the second quarter ended June 27, 2020 were $6.7 million, compared with $4.4 million for the second quarter ended June 29, 2019, a 50% increase year over year. Funded research, development and other revenues were $2.1 million for the second quarter ended June 27, 2020 compared with $4.7 million for the second quarter ended June 29, 2019. Included in the $4.7 million of revenues for the second quarter of 2019 was a one-time license fee payment of $3.5 million. Total revenues were $8.8 million for the second quarter ended June 27, 2020 compared with $9.1 million for the second quarter ended June 29, 2019.
Research and development (R&D) expenses for the second quarter of 2020 were $2.2 million compared to $3.3 million for the second quarter of 2019, a 33% decrease year over year. The decline in R&D expenses is due in part to the licensing and sale of our Golden-I Infinity and Solos technologies as part of our commercialization strategy which we commenced in 2019. In fiscal year 2020, we expect our R&D expenditures to primarily focus on our display products, overlay weapon sights and organic light emitting diode (“OLED”) display technologies.
Selling, general and administrative (SG&A) expenses were $2.9 million for the second quarter of 2020, compared to $5.4 million for the second quarter of 2019, a 46% decrease year over year. SG&A decreased for the three and six months ended June 27, 2020 as compared to the three and six months ended June 29, 2019 primarily due to a decrease in compensation expenses including stock-based compensation, bad debt expense, professional fees, information technology expenses, travel and accretion of the NVIS contingent consideration.
The net loss attributable to controlling interest for the second quarter of 2020 was $1.1 million, or 1 cent per share, compared with net loss of $4.3 million, or 5 cents per share, for the second quarter of 2019.
Net cash used in operating activities for the second quarter ended June 27, 2020 was approximately $2.9 million. Kopin's cash and equivalents and marketable securities were approximately $15.3 million at June 27, 2020 as compared to $21.8 million at December 28, 2019.
All amounts above are estimates and readers should refer to our Form 10-Q for the quarter ended June 27, 2020, for final disposition as well as important risk factors.
Kopin’s color display is made with a duo-stack white OLED structure and color filters. Kopin has been working with its partner, Lakeside Optoelectronic Technology Co., Ltd., to optimize the duo-stack OLED structure to output color spectrum to match the bandpass of the color filters for high color fidelity, coupled with very high Current Efficiency and low operating voltage. These 720p displays fabricated from multiple wafers exhibited average Current Efficiency of about 12 candela per ampere (cd/A), with the maximum value about 14 cd/A. These values are much higher than the best publicly available values of the alternative approaches. Kopin’s best 720p display exhibited 7,000 nits with a contrast ratio of >4000: 1. The contrast ratio of the display at 5000 nits is higher than 100,000:1. The power consumption of the display, including the backplane power, is about 500 mW when displaying a full white image at 7000 nits. The 720p display’s color fidelity is about 100% sRGB.
“We are extremely excited that our OLED micro display has achieved the very high brightness with good color fidelity by using the duo-stack OLED structure and ColorMax technology. This is truly a shocking achievement,” said Dr. John C.C. Fan, President and CEO of Kopin Corporation. “This breakthrough high Current Efficiency is very important for low power consumption and longer lifetime for OLED micro displays. We now expect the Current Efficiency could be optimized even further which means that our present value of 7,000 nits may be increased further. In addition, the duo-stack OLED structure and ColorMax technology are manufacturable as we have obtained such great results from multiple production ColorMax wafers in Lakeside’s OLED production line. We believe by incorporating another innovative structure on our micro display such as a microlens array to enhance the output coupling efficiency, the brightness can be significantly increased further, opening many applications for the OLED micro displays, especially for the AR/VR wearables.”