The new contracts help to boost the company’s revenues – Kopin Corporation (KOPN), a maker of optical-electronic equipment. The stock is up more than 66 percent in a month, trading at $1.76 on July 20. The market cap was $169.65 million.
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The Chinese business moziware announced this week that it is increasing the availability of its cimo augmented reality smart glasses. They make use of a Kopin high-resolution microdisplay.
Cimo glasses are wearable computers that can show augmented reality graphics in the user’s field of view. To begin with, glasses are intended for industrial usages, such as in construction or warehousing operations. With computer capabilities, you may transform your glasses into a reference book or communication device.
Such glasses are a potential route for Kopin, who specializes in small screens for such equipment.
Kopin also has expertise in the production of unique displays, for which the business obtains defense orders.
Virtual and augmented reality glasses, ultra-bright energy-efficient displays, tiny indicators, and other comparable Kopin portfolio innovations are e worldwide digital transformation movement. The issue is whether Kopin will be able to capture a sizable portion of this market.
Kopin has been losing money thus far, but as of March 2022, it has enough capital to last two years at current costs. However, as the firm spends on R&D and development, Kopin’s costs are growing. The company is most likely banking on fresh defense contracts to deliver reliable cash flow.
The business already has significant defense orders, such as microdisplays for the fifth-generation F-35 Joint Strike Jet fighter program.
Kopin Corporation (NASDAQ: KOPN) shares are down -57.21 percent year to date (YTD) and have been down -0.57 percent or -$0.01 in the most recent trading session. The stock’s trailing 12-month performance, on the other hand, is approximately -76.06 percent lower.
The stock is down -45.99 percent over the last six months and -3.85 percent over the last three months. When we look at the week’s performance, it is up 15.89 percent and 47.06 percent over the month.
