Westborough wearable computer technology manufacturer Kopin Corp. is expecting its 2018 revenues to miss the mark after reporting a $9.2-million loss in the second quarter.
Westborough-based wearable technology maker Kopin Corporation announced it will sell roughly 10 percent of its total outstanding shares of common stock to a Chinese company, and together the two companies will jointly develop and commercialize several wearable products.
Westborough wearable technology maker Kopin Corp. reported a third quarter loss of $7.8 million, or 12 cents per share, the company announced on Thursday.
Westborough-based Kopin, which is making a long transition to become a manufacturer of wearable technology, reported a $3.1M loss on Tuesday that beat analysts' expectations but still prompted the company's stock to drop in early trading.
Kopin Corp. has received a final payment of $15 million, completing a $70 million deal with IQE PLC to sell Kopin's III-V Product line, the Westborough-based company announced Tuesday.
Kopin Corp. of Westborough, which is making a long transition to become a manufacturer of wearable technology, turned in a strong second-quarter in revenue growth, along with net income of $781,000, a sharp turnaround following an $8.9 million net loss in the second quarter of last year.
Westborough-based wearables technology company Kopin Corp. said it has divested its equity interest in Recon Instruments, a Canadian company that makes wearable displays for skiers, cyclists and runners, after it was acquired by Intel Corp.
Kopin, a public company, said it expects to receive $6 million in cash proceeds for its interest, subject to certain closing conditions.