Kopin Soars 28% Due to MicroLED Development Awards
2026-08-12 02:06:35
According to CoinMeta, Kopin (Nasdaq: KOPN) saw its stock price soar 28% on Tuesday due to receiving a $15 million order for development in MicroLED and exceeding expected revenue estimates. The latest quarterly update from Kopin showed revenue of $10.6 million, surpassing the market's expectation of $10.19 million, with non-product revenue increasing by 292% year-over-year. In addition, Kopin also entered into a strategic partnership with Fabric.ai, acquiring a 19.9% stake. This collaboration aims to use Kopin's MicroLED technology to replace copper wires between GPU in AI data centers. Management reiterated its revenue guidance for the 2026 fiscal year as ranging from $52 million to $60 million.
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Source:Internet
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