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nanotimes
Companies Facts
consecutive award in this category in addition to a Lifetime Partnership Award bestowed in 2008. Kopin Corporation is a leading producer of hete- rojunction bipolar transistor (HBT) wafers for smart phones and other mobile devices.
Bruce J. Freyman, Skyworks’ Senior Vice President of Worldwide Operations, states, “Partnership with Kopin has been invaluable during a period of rapid growth for Skyworks. We are confident Kopin will continue to provide Skyworks with the manufac- turing strength and technology leadership required to meet the ever-increasing demands for 3G and emerging 4G wireless devices.”
Furthemore, Kopin Corporation announced financial results for the three and 12 months ended December 25, 2010. For the fiscal year ended December 25, 2010, Kopin reported net income of $8.9 million, or $0.13 per diluted share, compared with net income of $19.4 million, or $0.29 per diluted share, for the period ended December 26, 2009. For the year ended December 25, 2010 the Company generated $15.1 million of cash from operating activities and spent $17.2 million for capital expenditures and $6.7 million for the repurchase of stock. Cash and mar- ketable securities totaled $111 million at December 25, 2010, compared with $114.5 million at Decem- ber 26, 2009. The Company had no long-term debt.
In January 2011, Kopin acquired Scotland-based Forth Dimension Displays Ltd. (FDD), a provider of all-digital, ultra-high-resolution, ferroelectric reflective microdisplays. FDD’s full-color, world- leading image quality display technology is used extensively across a range of applications, including high-performance cinematography, training and
simulation, 3D metrology and medical imaging. Total consideration was approximately $11 million in cash plus an earnout provision if certain revenue miles- tones are reached within one year of the acquisition date. Kopin expects the FDD acquisition to be accre- tive to its 2011 results of operations.
“We expect another year of solid top-line growth for Kopin in 2011,” said Kopin President and Chief Executive Officer Dr. John C.C. Fan. “We expect continued strong growth in smartphones, which should fuel a good year for our III-V products. Whi- le we continue to expect the U.S. Army’s Thermal Weapons Sight program to contribute materially to our display revenue in 2011, we do have some reser- vations about the federal budget deficit impact. We also expect our commercial display sales to grow. And perhaps most importantly, we expect to offer Golden-i development kits in the second quarter of 2011 to select customers and software application developers. They will provide feedback and develop application software for a ruggedized Golden-i pro- duct for general availability in the first half of 2012. For full-year 2011, we expect to continue to grow and generate total revenues in the range of $130 million to $140 million.”
Kopin® Kits for its Golden-i®
Corporation announced further Development 3.5. The Golden-i 3.5 headset
has been certified by the Federal Communications Commission (FCC), a significant milestone in bringing this disruptive technology to production. Delivering
11-02/03 :: February / March 2011
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