TAUNTON, MASS. — Kopin Corporation, a developer and manufacturer of advanced semiconductor materials and miniature flat panel displays, yesterday posted a fourth quarter loss and said it would post a first quarter loss, too.
The company reported a fourth quarter loss of almost $4 million, or 6 cents per share, compared to a profit of nearly $777,000, or 1 cent per share, during the same period a year ago. The fourth quarter loss was due to restructuring costs, and the anticipated first quarter loss of 9 to 12 cents per share is due in part to a softer consumer electronic market, the company said.
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Kopin took a restructuring charge of $7.4 million in the fourth quarter. Excluding the charge, the company said it made $3.4 million, or 5 cents per diluted share, during the quarter.
For the year 2000, Kopin earned $6.29 million, or 9 cents per diluted share, compared to a profit of $775,000, or 1 cent per share, a year ago.
Kopin released its results after market close yesterday. According to reports, shares of Kopin fell $5-1/16, or 36 percent, to $9 in after-hours trading.
