Kopin Corporation reported preliminary unaudited financial results for the second quarter ended June 27, 2026. Total revenues increased 51% year-over-year to $12.7 million from $8.5 million, driven by grant revenue under a U.S. Government MicroLED award and collaboration revenue with Fabric.AI. Product revenues rose slightly to $7.6 million, while non-product revenues surged to $5.1 million. The company achieved three major milestones in its color MicroLED program, including surpassing 150,000 nits of brightness, and secured multiple prototype orders for its Sentinel FPV drone system from customers participating in the U.S. Government’s Drone Dominance Program. Management raised full-year guidance, expecting a solid second half exceeding prior estimates and meaningful progress toward sustainable GAAP profitability by the fourth quarter. Kopin Corporation is a leading developer and provider of innovative display and application-specific optical solutions for defense, AI infrastructure, enterprise, professional and consumer products.

Kopin Corporation entered into a Share Repurchase Agreement on June 10, 2026, with Lightning Silicon Technology, Inc. and LS Assets, Inc., resulting in the repurchase of 18,000,000 shares of Series Seed-1 Preferred Stock and 18,000,000 shares of common stock for $1.00 each, which were subsequently cancelled and retired. Additionally, the company has terminated its Technology License Agreement and Services Agreement with LST, securing a perpetual, irrevocable, worldwide, royalty-free license for certain OLED microdisplay technology. Kopin Corporation is a manufacturer of microdisplay technology for various applications.