Brief: Kopin Corporation Provides Restructuring Update

Kopin

19/01/2023 14:06

Jan 19 (Reuters) - Kopin Corp  KOPN.O :
    * KOPIN CORPORATION PROVIDES RESTRUCTURING UPDATE
    * KOPIN CORP SEES Q4 REVENUE ABOUT $11.0 MILLION TO $11.5
MILLION
    * KOPIN CORP- ARE NEGOTIATING POTENTIAL EXITS FROM
NON-PROFITABLE
ENDEAVORS, IF THEY CANNOT BE RECTIFIED
    * KOPIN CORP - ANTICIPATE THESE ACTIONS WILL LEAD TO LESS
REVENUE
IN Q1 OF FISCAL 2023 AND FOR REMAINDER OF FISCAL YEAR 2023
    * KOPIN CORP - RESTRUCTURING ACTIONS HAD SOME IMPACT ON
REVENUE IN
Q4 OF FISCAL 2022
    * KOPIN CORP - HAVE BEEN PERFORMING PROGRAM REVIEWS WITH
CUSTOMERS, AND IN SOME CASES SLOWING DELIVERIES

Source text for Eikon:  ID:nBwbmWBmka 
Further company coverage:  KOPN.O 
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