Kopin Corporation reported its financial results for Q1 2020 - with $7.9 million in revenues (up 42% from Q1 2019) and a 50% decrease in R&D expenses as the company implements its strategic realignment program.
Kopin also announced that during the quarter it received the first commercial order for its OLED backplane wafers. Interestingly Kopin says the order was for wafers and not complete displays. Kopin says that its current internal R&D investments are primarily focused on OLED displays.
Earlier this year Kopin announced a new double-stack OLED architecture that enables brighter microdisplays with longer lifetime. Also in 2020 Kopin announced a new 1.3" 1000-nits double-stack 2560x2560 OLED microdisplay, co-developed with Panasonic and Lakeside Optoelectronic. Kopin also revealed a 0.49" 720p monochrome green double-stack OLED microdisplay that exhibits ultra-high brightness at more than 20,000 nits with very low power consumption.
Kopin operates its OLED Microdisplay project in a fabless model, cooperating with BOE and OLiGHTEK.
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