Kopin reports 2nd quarter 2001 results

TAUNTON, Mass. – Kopin Corporation has reported financial results for the second quarter ended June 30, 2001. Kopin reported second-quarter revenue of $9.2 million, compared with $24.4 million for the same period last year, and in line with the expectations outlined by the company on June 26, 2001. Kopin reported a net loss of $15.2 million, or $0.23 per share for the second quarter of 2001, excluding a net gain on the exchange of its investment in Kendin Communications for shares of Micrel Semiconductor of approximately $20.9 million and an impairment charge of approximately $5.3 million primarily for the write-down of equipment. Including these one-time items, Kopin reported net income of $351,667, or $0.01 per share. This compares with net income of $3.8 million, or $0.06 per fully diluted share in the second quarter of 2000.