Key Developments: Kopin Corp (KOPN.OQ)

KOPN.OQ on NASDAQ Stock Exchange Global Select Market

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Latest Key Developments (Source: Significant Developments)

Kopin Corp Issues Reaffirms FY 2013 Revenue Guidance
Wednesday, 8 May 2013 07:30am EDT 

Kopin Corp announced that it continues to expect fiscal 2013 revenue in the range of $18 million to $22 million. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $20 million for fiscal 2013.  Full Article

Kopin Corp Announces Stock Repurchase Program
Wednesday, 20 Mar 2013 08:30am EDT 

Kopin Corp announced that its Board of Directors has authorized the repurchase of up to $30 million of the Company`s common stock. Kopin intends to finance the repurchase program with available cash. The Company plans to buy shares in the open market or through privately negotiated transactions from time to time over the next 12 months, subject to market conditions and other factors and in compliance with applicable legal requirements.  Full Article

Kopin Corp Completes Sale Of III-V Assets To IQE plc
Wednesday, 16 Jan 2013 12:11pm EST 

Kopin Corp announced the completion of the sale of its III-V assets to IQE plc, a UK-based designer and supplier of advanced semiconductor wafers. Under the terms of the transaction, Kopin received $55 million and $5 million was placed in escrow for working capital adjustments. In addition, the Company will receive $15 million on or about January 16, 2016.  Full Article

Kopin Corp Announces Agreement To Sell III-V Assets To IQE plc
Thursday, 10 Jan 2013 07:55am EST 

Kopin Corp announced that it had entered into an agreement to sell III-V assets to IQE plc, a UK-based designer and supplier of advanced semiconductor wafers. The all-cash, $75 million transaction will enable Kopin to focus exclusively on continued commercial development of Golden-i, the Company's mobile communications technology platform, as well as on microdisplay products. The closing of the transaction is expected to occur next week. Under the terms of the sale, Kopin will receive an up-front payment of $60 million, from IQE and will receive the remaining $15 million in January 2016 on the three-year anniversary of the transaction. The transaction includes Kopin's leased III-V product manufacturing facility in Taunton, Massachusetts as well as the Company's investment in Kopin Taiwan Corp. (KTC), 90% owned subsidiary located in Hsinchu, Taiwan.  Full Article

Kopin Corp Announces An Agreement With Olympus To Jointly Develop Ultra Compact Display Modules For Emerging Headset Market
Monday, 7 Jan 2013 08:00am EST 

Kopin Corp announced it has signed an agreement with Olympus Corporation to co-develop ultra-compact display modules for emerging consumer headsets, often referred to as Video Eyewear or Glass, for computing and communication applications. For comfort and ease of use, the consumer headsets should be super small and light. The agreement pairs Olympus, the world leader in very small optics used for medical applications, with Kopin whose unique high-resolution liquid crystal displays (CyberDisplay products) exhibit extremely high brightness and very low power consumption.  Full Article

Kopin Corp Lowers High End Of Prior FY 2012 Revenue Guidance To A Range In Line With Analysts' Estimates
Tuesday, 6 Nov 2012 07:30am EST 

Kopin Corp announced that for fiscal 2012, it expects revenue guidance of $90 million to $95 million. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $95 million for fiscal 2012.  Full Article

Kopin Corporation Lowers FY 2012 Revenue Guidance
Tuesday, 7 Aug 2012 07:30am EDT 

Kopin Corporation announced that as a result of the review, orders it had anticipated in fiscal 2012 guidance likely will not occur this year. Consequently, the Company has reduced fiscal 2012 revenue guidance to $90 million to $100 million from a previous range of $110 million to $120 million. According to I/B/E/S Estimates, analysts were expecting the Company to report revenue of $114 million for fiscal 2012.  Full Article

Kopin Corporation Reaffirms FY 2012 Guidance
Thursday, 10 May 2012 07:30am EDT 

Kopin Corporation reaffirmed fiscal 2012 guidance and expects revenue to be in the range of $110 million to $120 million. According to I/B/E/S Estimates, analysts were expecting the Company to report revenue of $115 million for fiscal 2012.  Full Article

Kopin Corporation Issues FY 2012 Revenue Guidance Below Analysts' Estimates
Wednesday, 7 Mar 2012 07:30am EST 

Kopin Corporation announced that it expects Defense Department budget cuts to negatively affect its military display revenue and as a result for fiscal 2012, it expect to generate total revenues in the range of $110 million to $120 million. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenue of $144 million for fiscal 2012.  Full Article

Kopin Corporation Lowers FY 2011 Revenue Guidance; Issues Q4 2011 Revenue Guidance In Line With Analysts' Estimates
Thursday, 27 Oct 2011 07:30am EDT 

Kopin Corporation announced that for fiscal 2011, it expects revenues in the range of $128 million to $132 million. In the fourth quarter of 2011, revenues will increase from the third quarter of 2011, as a result of increased demand for its III-V BiHEMT products and display sales driven by new design wins for digital still cameras and increased military product shipments. The Company reported revenue of $29.57 million in the third quarter of 2011. According to I/B/E/S Estimates, analysts were expecting the Company to report revenue of $130 million for fiscal 2011 and $30.81 million for the fourth quarter of 2011.  Full Article

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