KOPN News & Events

As of March 28, 2026, the Company had cash and cash equivalents of $34.1 million, with total cash, restricted cash and marketable securities of $59.5 million inclusive of $25.3 million of restricted cash bonded against the BlueRadios litigation appeal. Following the deconsolidation of Kopin Europe Ltd. in October 2025, the Company's reported cash position is wholly domestic, and the Company's analysis supports that its current liquidity is sufficient to fund operations through at least the end of the second quarter of 2027 and beyond.

Michael Murray, Chief Executive Officer of Kopin, said: "What we have achieved year-to-date 2026 marks a significant inflection point for Kopin. Subsequent to quarter end we announced our strategic collaboration with Fabric.AI - a transformational milestone that extends Kopin's MicroLED and bi-directional NeuralDisplay capabilities into one of the fastest-growing segments of the technology market. Through our jointly-developed Neural I/o optical interconnect technology, we are repurposing programmable MicroLED pixels as ultra-high-speed optical transceivers designed to replace the dense copper wiring used between GPUs and high-performance processors in AI data centers. Backed by a $15 million initial development order from Fabric.AI and a 19.9% equity ownership stake, this collaboration broadens Kopin's addressable market well beyond defense and industrial applications and positions the Company as a strategic enabler in the rapidly expanding AI hardware ecosystem. In parallel, the order momentum that built throughout 2025 in our core defense markets recovered as expected from Government shutdown and accelerated in the first quarter of 2026. New European helmet-mounted display orders alone added more than $5 million of awards during the quarter, our $1 million DarkWAVE development order from Theon advanced our international expansion, and our new Phase I SBIR award reinforced Kopin's leadership in domestic MicroLED for soldier-borne systems. Subsequent to quarter end we received a $21.5 million follow-on production contract for U.S.-made thermal imaging assemblies and a $3.2 million initial Sentinel FPV order, formally entering the high-growth FPV drone market with our differentiated Dual Situational Awareness technology. With our strengthened balance sheet, we are leaning into prudent, profit-forward investments to support these growing opportunities. Our decision to bring full-scale OLED microdisplay manufacturing in-house at Westborough is a great example: we are comfortable with our cash position, and targeted investments such as this one are precisely how we are positioning the defense business to sustain long-term growth. The OLED deposition system gives us greater speed, flexibility, and cost control, expands the sovereign supply chain options available to our defense customers, and complements our existing U.S. capabilities for AMLCD, FLCoS, MicroLED, and now OLED - reinforcing our position as the only company in the United States manufacturing four types of microdisplays."

Kopin Corporation announced the purchase of a state-of-the-art OLED Deposition System and all related equipment to establish full-scale OLED microdisplay production at the company's Westborough, Massachusetts headquarters. The investment marks a significant evolution in Kopin's manufacturing strategy and reflects the rapidly increasing demand for domestically produced OLED devices for U.S. defense applications, the company said. The company will continue to leverage its established Asian manufacturing partners for consumer and medical applications that do not have a domestic production requirement, as well as its European OLED deposition partner for NATO-aligned defense programs, though will supplement that with in-house OLED production for U.S. defense markets. Michael Murray, Chief Executive Officer of Kopin, said: "Adding OLED manufacturing capability to our Westborough facility strengthens our ability to support urgent defense needs while improving our control over quality, lead times, and pricing. This capability both enhances our competitiveness, deepens the sovereign supply chains available to our customers - and importantly, expect it to expand our profit margins."