Kopin reports 4th Qtr net loss 10 cents
TAUNTON, Mass., Feb 14 (Reuters) - Kopin Corp.(KOPN), a maker of
flat-planel displays and other technology products, on Thursday reported a
fourth quarter net loss of 10 cents a share on sharply lower revenues.
In a statement, Kopin said it lost $7.1 million on sales of $15.4 million in the
fourth quarter, compared to a net profit of $3.4 million, or 5 cents a share, on
sales of $24.6 million last year.
The company's fourth quarter net income figure excludes a charge of $7.4
million for write-offs and acquisition costs.
In addition, the company said it sees overall single-digit sequential growth for
the first quarter, roughly flat sequential revenue growth in its "III-V" business,
double-digit sequential growth in its cyberdisplay business and seasonal
weakness in the wireless handset industry. |
