Kopin Corporation: Adverse Jury Verdict Likely To Cause Concern Warning - Sell [Seeking Alpha]
Kopin Corporation (KOPN)
Last kopin corporation earnings: 5/9 08:00 am
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US:NASDAQ Investor Relations:
kopin.com/investors/overview/default.aspx
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Source: Seeking Alpha
In aggregate, BlueRadios was awarded almost $25 million in damages. The verdict leaves the company between a rock and a hard place, as Kopin lacks the funds for a settlement, while an appeal would result in further expenses and distractions. Adding insult to injury, the adverse ruling will likely require the inclusion of going concern language in the company's upcoming quarterly report on form 10-Q. Given the increased likelihood of a highly diluting near-term equity raise, investors should abstain from buying the dip and rather consider selling existing Kopin positions until the company has successfully addressed its near-term capital needs. On Tuesday, shares of microdisplay developer and producer Kopin Corporation or "Kopin" ( NASDAQ: KOPN ) sold off after the company updated investors on an unfavorable jury verdict in its long-standing litigation with BlueRadios, Inc. or "BlueRadios" (emphasis added Recommended For You Recommended For You About KOPN Stock Related
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KOPN
News
- Kopin Appoints Greg Truman to Vice President, Business Development [Yahoo! Finance]Yahoo! Finance
- Kopin Appoints Greg Truman to Vice President, Business DevelopmentBusiness Wire
- Kopin to Demonstrate Day and Night Readable Warfighter Vision Concepts at SOF Week [Yahoo! Finance]Yahoo! Finance
- Kopin to Demonstrate Day and Night Readable Warfighter Vision Concepts at SOF WeekBusiness Wire
- Kopin Expands into India Defense Market with Third Production Order Supporting Mounted and Handheld Thermal Vision Systems [Yahoo! Finance]Yahoo! Finance
KOPN
Earnings
- 3/14/24 - Miss
KOPN
Sec Filings
- 4/26/24 - Form ARS
- 4/26/24 - Form DEF
- 4/23/24 - Form 8-K
- KOPN's page on the SEC website