- 28 February 2005 -

Kopin's record Cyberdisplay & strong HBT

Kopin's revenue for the 4Q 2004 of $18.5m, in line with earlier guidance. This compares with revenue of $21.1m 4Q 2003 and $22.9m in 3Q 2004 and gives a net loss of $7m. or 10c/share in the 4Q 2004 compared with net loss 1c/share for 4Q 2003.

Kopin had a non-cash impairment charge of $5.3m for the write-down of assets resulting from the transfer of its LED operations to a newly formed joint venture in Asia.

CyberDisplay revenue for the 4Q totalled $9.9m down from $12.4m in the year-ago period and $13.2m in 3Q 2004. Revenue from III-V products in the 4Q was $8.6m , compared with $8.8 million in the 4Q of 2003 and $9.7m in the third quarter of 2004.

"We finished 2004 with the second highest revenue total in our company's history," said president and CEO John Fan. "In addition, 2004 was a year of record CyberDisplay revenue and continued strong performance from our HBT transistor product line.

In January, Kopin announced the award of two U.S. patents covering the baseline GAIN-HBT device and an enhanced transistor.