Kopin reports Q2 EPS (7c), two estimates (2c)

Reports Q2 revenue $10.5M, consensus $10.29M. “The second quarter of 2023 showed continued progress on our strategy to reset the course and focus within Kopin,” said Michael Murray, Kopin’s Chief Executive Officer. “The dedication of our team, the improvements in our manufacturing processes and equipment have allowed Kopin to maintain a high ratio of on-time and in-full delivery. I’m proud to announce an additional benefit of greater customer satisfaction: our second quarter of 2023 saw our third consecutive quarter of positive book to bill ratio. In addition, with our recently announced $12.8 million follow-on order from a strategic customer, our third quarter bookings are off to a fantastic start. The increased size of this order is a direct result of our intense focus on improved customer engagement, quality, and timeliness.”