Kopin Corporation (NASDAQ:KOPN) Stock Pulls Back From The Recent Peak

Kopin Corporation (NASDAQ:KOPN) is one of the best known operators when it comes to providing subsystems and high resolution micro displays both defense and enterprise purposes.

There has not been any news about the company in recent days but over the course of the past month but during that period the Kopin stock has performed poorly and gone down by as much as 25%. However, earlier on in the month on August 3, Kopin had actually come up with an update with regards to its business activities and also announced its financial results for the second fiscal quarter that ended on June 26, 2021.

John C.C. Fan, who is the Chief Executive Officer of the company, spoke about Kopin’s performance in the second quarter. He stated that the company is pleased with its performance in the second quarter. In addition to that, Fan also noted that in the second quarter Kopin managed to experience rising demand for its products across its most important business segments.

The rise in demand was experienced in all three important segments, consumer, enterprise and defence. Revenues came in at $9.9 million for the quarter, which reflected a 12% year on year rise from the $8.8 million in revenues generated in the prior year period.