News

6 October 2006

 

Kopin lowers Q3/2006 revenue guidance from $19-20.5m to $14-15m

HBT wafer supplier Kopin Corp of Taunton, MA, USA has lowered its revenue guidance for third-quarter 2006 (to end-September) to $14-15m, compared with its previous guidance of $19-20.5m. The company says that the revision is primarily due to a recent design improvement made to the cable assembly of the Thermal Weapon Sight (TWS) display module (which incorporates Kopin's microdisplay technology) that required the TWS system to go through
additional testing, delaying product shipments.

"The third quarter was impacted by the requirement for further testing of the display module and slightly lower III-V revenues than we had anticipated," said John C.C. Fan, president and chief executive officer. "Although the design modification is not related to our microdisplay, the
requirement for further testing has affected the timing of the revenue we receive from this long-term US military program."

"TWS revenue expected in Q3 will shift into Q4/2006, partially offseting some of the normal sequential
revenue decrease in Q4, Fan adds. "The latest testing results for the improved module have been very positive, so we expect full approval by mid-October."

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