Kopin Registers 5.2% Revenue Decline In Q4 Reflecting Lower Defense Product Revenue
Kopin Corp (NASDAQ:KOPN) reported a fourth-quarter FY21 revenue decline of 5.2% year-on-year to $13.2 million, beating the consensus of $12.8 million. Revenues from Defense Applications declined 21.3% Y/Y to $5.9 million, while Industrial/Enterprise Applications rose 35.3% Y/Y to $2.3 million. Product revenues declined 6.9% Y/Y to $8.8 million, while R&D revenues grew 12%…
Benzinga ·
Benzinga
