Revenue: As of FY2026 Q1, the actual value is USD 10.6 M, beating the estimate of USD 10.19 M.<h4>Segment Revenue</h4><ul><li>Total Revenues: For the first quarter ended March 28, 2026, total revenues were $10.6 million, compared to $10.5 million for the first quarter ended March 29, 2025, representing a 0% change year-over-year .</li><li>Product Revenues: Product revenues for the first quarter of 2026 were $5.4 million, a decrease from $9.2 million in the prior-year period, primarily due to lower shipments for thermal weapon sight applications and liquid crystal displays, representing a -41% change year-over-year .</li><li>Non-Product Revenues: Non-Product revenues were $5.1 million in the first quarter of 2026, significantly up from $1.3 million in the first quarter of 2025, driven by award revenue from a government MicroLED development award and collaboration revenue from a strategic partnership, representing a 292% change year-over-year .</li></ul><h4>Operational Metrics</h4><ul><li>Cost of Product Revenues: For the first quarter of 2026, the cost of product revenues was $5.6 million, or 103% of net product revenues, compared to $7.6 million, or 83% of net product revenues, for the first quarter of 2025, a -26% change year-over-year .</li><li>R&amp;D Expenses: Research and Development expenses for the first quarter of 2026 increased to $4.9 million from $2.1 million in the first quarter of 2025, primarily due to higher funded research and development costs for MicroLED display development, representing a 133% change year-over-year .</li><li>SG&amp;A Expenses: Selling, General and Administration expenses were $6.0 million in the first quarter of 2026, up from $4.7 million in the first quarter of 2025, mainly due to higher professional fees and accrued performance-based compensation, representing a 28% change year-over-year .</li></ul><h4>Cash Flow</h4><ul><li>Cash and Cash Equivalents: As of March 28, 2026, [高平电子] had $34.1 million in cash and cash equivalents .</li><li>Total Cash, Restricted Cash, and Marketable Securities: As of March 28, 2026, total cash, restricted cash, and marketable securities amounted to $59.5 million, which includes $25.3 million of restricted cash .</li></ul><h4>Unique Metrics / Operational Highlights</h4><ul><li>[高平电子] announced a strategic collaboration with Fabric.AI to jointly develop Neural I/o™ optical interconnect technology, backed by a $15 million initial development order and a 19.9% equity stake in Fabric.AI . This collaboration aims to open a multi-billion-dollar market in AI hardware .</li><li>The company entered the FPV drone market with Sentinel FPV™, securing an initial $3.2 million order with potential delivery of up to 40,000 goggles by year-end 2028 .</li><li>[高平电子] secured additional defense awards, including a $21.5 million follow-on thermal-imaging eyepiece production contract, $5.6 million in new European pilot helmet-mounted display orders, and a $1 million initial DarkWAVE™ development order .</li><li>A Phase I SBIR contract was awarded by the U.S. Government to advance full-color, smaller-format MicroLED displays for soldier-borne applications .</li><li>[高平电子] announced full-scale U.S. OLED microdisplay manufacturing at its Westborough headquarters with the purchase of a state-of-the-art OLED Deposition System .</li></ul><h4>Outlook / Guidance</h4>[高平电子]’s current liquidity is sufficient to fund operations through at least the end of the second quarter of 2027 and beyond . The company is making prudent, profit-forward investments to support growing opportunities, such as bringing full-scale OLED microdisplay manufacturing in-house, which is expected to sustain long-term growth in the defense business . The collaboration with Fabric.AI is anticipated to broaden [高平电子]’s addressable market beyond defense and industrial applications, positioning the company as a strategic enabler in the expanding AI hardware ecosystem .

Kopin | 8-K: FY2026 Q1 Revenue Beats Estimate at USD 10.6 M