FX.co ★ Kopin Corp Q1 Loss Increases, Misses Estimates

Kopin Corp (KOPN) reported an increased loss for its first quarter compared to last year, falling short of Wall Street expectations.

The company's earnings for the quarter amounted to a loss of $32.55 million, or $0.27 per share, compared to a loss of $2.63 million, or $0.03 per share, in the first quarter of the previous year.

Analysts had, on average, projected the company would report a loss of $0.05 per share, based on data compiled by Thomson Reuters. It is important to note that analysts' estimates typically exclude special items.

Revenue for the quarter dropped by 6.8%, falling to $10.03 million from $10.76 million in the same period last year.

Kopin Corp's earnings summary (GAAP):

- **Earnings (Q1):** -$32.55 million vs. -$2.63 million last year.

- **EPS (Q1):** -$0.27 vs. -$0.03 last year.

- **Revenue (Q1):** $10.03 million vs. $10.76 million last year.