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<SEC-DOCUMENT>0001157523-08-003811.txt : 20080506
<SEC-HEADER>0001157523-08-003811.hdr.sgml : 20080506
<ACCEPTANCE-DATETIME>20080506163339
ACCESSION NUMBER:		0001157523-08-003811
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20080506
ITEM INFORMATION:		Results of Operations and Financial Condition
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20080506
DATE AS OF CHANGE:		20080506

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			KOPIN CORP
		CENTRAL INDEX KEY:			0000771266
		STANDARD INDUSTRIAL CLASSIFICATION:	SEMICONDUCTORS & RELATED DEVICES [3674]
		IRS NUMBER:				042833935
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-19882
		FILM NUMBER:		08806782

	BUSINESS ADDRESS:	
		STREET 1:		695 MYLES STANDISH BLVD
		CITY:			TAUNTON
		STATE:			MA
		ZIP:			02780
		BUSINESS PHONE:		5088246696
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>a5678114.htm
<DESCRIPTION>KOPIN CORPORATION, 8-K
<TEXT>
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    <title></title>
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    <p style="text-align: center">
      <font style="font-size: 12pt; font-family: Times New Roman">UNITED STATES</font><font style="font-size: 12pt; font-family: Times New Roman"><br style="font-family: Times New Roman; font-size: 12pt"></font><font style="font-size: 12pt; font-family: Times New Roman">SECURITIES
      AND EXCHANGE COMMISSION</font><br><font style="font-size: 10pt; font-family: Times New Roman">WASHINGTON,
      D.C. 20549</font><br><font style="font-family: Times New Roman">______________</font><br>
    </p>
    <p style="text-align: center">
      <font style="font-size: 12pt; font-family: Times New Roman">FORM 8-K</font><br><br><font style="font-size: 12pt; font-family: Times New Roman">CURRENT
      REPORT</font><br><font style="font-size: 12pt; font-family: Times New Roman">
      Pursuant to Section 13 or 15(d) of the</font><br><font style="font-size: 12pt; font-family: Times New Roman">
      Securities Exchange Act of 1934</font><br><br><font style="font-size: 10pt; font-family: Times New Roman">Date
      of Report (Date of Earliest Event) May 6, 2008</font><br><br><u><font style="font-size: 12pt; font-family: Times New Roman">KOPIN&#160;CORPORATION</font></u><br><font style="font-size: 10pt; font-family: Times New Roman">(Exact
      Name of Registrant as Specified in Charter)</font><br><br><br>
    </p>
    <table cellspacing="0" style="font-size: 10pt; font-family: Times New Roman; margin-bottom: 10.0px; width: 100%">
      <tr>
        <td valign="bottom" style="text-align: center; border-bottom: solid black 1.0pt; width: 33%; padding-left: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            DELAWARE
          </p>
        </td>
        <td valign="bottom" style="padding-right: 0.0px; text-align: center; white-space: nowrap; border-bottom: solid black 1.0pt; width: 34%; padding-left: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            000-19882
          </p>
        </td>
        <td valign="bottom" style="padding-right: 0.0px; text-align: center; white-space: nowrap; border-bottom: solid black 1.0pt; width: 33%; padding-left: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            04-2833935
          </p>
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: center; width: 33%; padding-left: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            (State or Other Jurisdiction
          </p>
          <p style="margin-top: 0px; margin-bottom: 0px">
            of Incorporation)
          </p>
        </td>
        <td valign="bottom" style="text-align: center; width: 34%; padding-left: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            (Commission File Number)
          </p>
        </td>
        <td valign="bottom" style="text-align: center; width: 33%; padding-left: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            (IRS Employer
          </p>
          <p style="margin-top: 0px; margin-bottom: 0px">
            Identification No.)
          </p>
        </td>
      </tr>
    </table>
    <p>

    </p>
    <table cellspacing="0" style="font-size: 10pt; font-family: Times New Roman; margin-bottom: 10.0px; width: 100%">
      <tr>
        <td valign="bottom" style="text-align: center; border-bottom: solid black 1.0pt; padding-left: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            200 John Hancock Road, Taunton, MA 02780
          </p>
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="text-align: center; padding-left: 0.0px">
          <font style="font-family: Times New Roman; font-size: 10pt">(Address
          of Principal Executive Offices)(Zip Code)</font>
        </td>
      </tr>
    </table>
    <p style="text-align: center">
      &#160;Registrant's telephone number, including area code &#160;&#160;<u>(508)
      824-6696</u>
    </p>
    <p style="text-align: center">

    </p>
    <p>
      <font style="font-family: Times New Roman; font-size: 10pt">Check the
      appropriate box below if the Form 8-K filing is intended to
      simultaneously satisfy the filing obligation of the registrant under any
      of the following provisions (see General Instruction A.2 below):</font>
    </p>
    <p>
      <font style="font-family: Arial Unicode MS; font-size: 10pt">&#8414;</font>
      <font style="font-family: Times New Roman; font-size: 10pt">Written
      communications pursuant to Rule 425 under the Securities Act (17 CFR
      230.425)</font>
    </p>
    <p>
      <font style="font-family: Arial Unicode MS; font-size: 10pt">&#8414;</font>
      <font style="font-family: Times New Roman; font-size: 10pt">Soliciting
      material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
      240.14a-12)</font>
    </p>
    <p>
      <font style="font-family: Arial Unicode MS; font-size: 10pt">&#8414;</font>
      <font style="font-family: Times New Roman; font-size: 10pt">Pre-commencement
      communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
      240.14d-2(b))</font>
    </p>
    <p>
      <font style="font-family: Arial Unicode MS; font-size: 10pt">&#8414;</font>
      <font style="font-family: Times New Roman; font-size: 10pt">Pre-commencement
      communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
      240.13e-4(c))</font>
    </p>
    <div style="margin-right: 0pt; margin-bottom: 10pt; margin-left: 0pt; width: 100%; text-indent: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="color: black; height: 1.5pt">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>

    </p>
    <p>
      <font style="font-family: Times New Roman; font-size: 10pt"><b>Item
      2.02.&#160;&#160;&#160;&#160;&#160;</b></font><b><u><font style="font-family: Times New Roman; font-size: 10pt">Results
      of Operations and Financial Condition</font></u><font style="font-family: Times New Roman; font-size: 10pt">.
      </font></b>
    </p>
    <p style="font-size: 10pt; font-family: Times New Roman; text-indent: 30.0px">
      Kopin Corporation issued a press release on May 6, 2008, a copy of which
      is attached as Exhibit 99.1 to this report and incorporated herein by
      this reference, in which the company announced financial results for the
      first quarter ended March 29, 2008. This information shall not be deemed
      to be &#8220;filed&#8221; for the purposes of Section 18 of the Securities Exchange
      Act of 1934, as amended, and shall not be deemed to be incorporated by
      reference in any filing under the Securities Act of 1933, as amended.
    </p>
    <p>

    </p>
    <p>
      <font style="font-family: Times New Roman; font-size: 10pt"><b>Item
      9.01.&#160;&#160;&#160;&#160;&#160;</b></font><b><u><font style="font-family: Times New Roman; font-size: 10pt">Financial
      Statements and Exhibits</font></u><font style="font-family: Times New Roman; font-size: 10pt">.
      </font></b>
    </p>
    <p style="white-space: nowrap">
      <b>(d)&#160;&#160;&#160;&#160;&#160;&#160;&#160;<u>Exhibits</u></b>.
    </p>
    <p style="white-space: nowrap">
      &#160;&#160;&#160;&#160;&#160;99.1&#160;&#160;Press Release dated May 6, 2008, announcing Kopin
      Corporation&#8217;s &#160;&#160;&#160;&#160;&#160;<br>&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;financial
      results for the first quarter ended March 29, 2008.
    </p>
    <div style="margin-right: 0pt; margin-bottom: 10pt; margin-left: 0pt; width: 100%; text-indent: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="color: black; height: 1.5pt">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p style="text-align: center">
      <font style="font-family: Times New Roman; font-size: 10pt"><b>SIGNATURE</b></font>
    </p>
    <p style="text-indent: 30.0px">
      <font style="font-family: Times New Roman; font-size: 10pt">Pursuant to
      the requirements of the Securities Exchange Act of 1934, the registrant
      has duly caused this report to be signed on its behalf by the
      undersigned hereunto duly authorized.</font>
    </p>
    <table cellspacing="0" style="font-size: 10pt; font-family: Times New Roman; margin-bottom: 10.0px; width: 100%">
      <tr>
        <td style="width: 5%">

        </td>
        <td style="width: 45%">

        </td>
        <td valign="top" style="text-align: left; width: 4%; padding-left: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            &#160;
          </p>
        </td>
        <td valign="top" style="text-align: left; width: 46%; padding-left: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            KOPIN CORPORATION
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 5%">

        </td>
        <td style="width: 45%">

        </td>
        <td style="width: 4%">

        </td>
        <td valign="top" style="text-align: left; width: 46%; padding-left: 0.0px">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="width: 5%">

        </td>
        <td style="width: 45%">

        </td>
        <td valign="top" style="text-align: left; width: 4%; padding-left: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            &#160;
          </p>
        </td>
        <td style="width: 46%">

        </td>
      </tr>
      <tr>
        <td valign="top" style="text-align: left; width: 5%; padding-left: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            Dated:
          </p>
        </td>
        <td valign="top" style="text-align: left; width: 45%; padding-left: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            May 6, 2008
          </p>
        </td>
        <td valign="top" style="text-align: left; width: 4%; padding-left: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            By:
          </p>
        </td>
        <td valign="top" style="text-align: left; width: 46%; padding-left: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <u>/s/ Richard A. Sneider</u>
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 5%">

        </td>
        <td style="width: 45%">

        </td>
        <td valign="top" style="text-align: left; width: 4%; padding-left: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            &#160;
          </p>
        </td>
        <td valign="top" style="text-align: left; width: 46%; padding-left: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            Richard A. Sneider
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 5%">

        </td>
        <td style="width: 45%">

        </td>
        <td valign="top" style="text-align: left; width: 4%; padding-left: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            &#160;
          </p>
        </td>
        <td valign="top" style="text-align: left; width: 46%; padding-left: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            Treasurer and Chief Financial Officer
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 5%">

        </td>
        <td style="width: 45%">

        </td>
        <td style="width: 4%">

        </td>
        <td valign="top" style="text-align: left; width: 46%; padding-left: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            (Principal Financial and Accounting Officer)
          </p>
        </td>
      </tr>
    </table>
    <div style="margin-right: 0pt; margin-bottom: 10pt; margin-left: 0pt; width: 100%; text-indent: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="color: black; height: 1.5pt">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>

    </p>
    <p style="text-align: center">
      <b>EXHIBIT INDEX </b>
    </p>
    <p style="text-align: center">

    </p>
    <table cellspacing="0" style="font-size: 10pt; font-family: Times New Roman; margin-bottom: 10.0px; width: 100%">
      <tr>
        <td valign="top" style="text-align: left; border-bottom: solid black 1.0pt; width: 12%; padding-left: 0.0px">
          Exhibit
        </td>
        <td style="width: 5%">
          &#160;
        </td>
        <td valign="top" style="text-align: left; border-bottom: solid black 1.0pt; width: 83%; padding-left: 0.0px">
          <p style="margin-top: 0px; margin-bottom: 0px">
            Description
          </p>
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-right: 0.0px; text-align: left; white-space: nowrap; width: 12%; padding-left: 0.0px">
          99.1
        </td>
        <td style="width: 5%">

        </td>
        <td valign="top" style="text-align: left; width: 83%; padding-left: 0.0px">
          Press Release dated May 6, 2008 entitled &#8220;Kopin Reports First
          Quarter 2008 Financial Results&#8221;
        </td>
      </tr>
    </table>
    <p>

    </p>
    <p style="text-align: center">

    </p>
    <p>

    </p>
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<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>a5678114-ex991.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
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  <head>
    <title></title>
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    <p style="text-align: right">
      <b>Exhibit 99.1</b>
    </p>
    <p style="text-align: center">
      <font style="font-size: 12pt; font-family: Times New Roman"><b>Kopin
      Reports First Quarter 2008 Financial Results</b></font>
    </p>
    <p style="text-align: center">
      <i><font style="font-size: 12pt; font-family: Times New Roman"><b>Revenue
      Increases 61% on Strong Performance of III-V and CyberDisplay</b></font></i>
    </p>
    <p>
      TAUNTON, Mass.--(BUSINESS WIRE)--Kopin Corporation (NASDAQ: KOPN) today
      announced financial results for the first quarter of 2008.
    </p>
    <p>
      Total revenues for the first quarter of 2008 increased 61% to $29.2
      million from $18.1 million for the comparable period of 2007. Display
      revenue increased 89% to $17.1 million from $9.0 million for the first
      quarter of 2007, while revenue from III-V products increased 33% to
      $12.1 million from $9.1 million in the same period of 2007.
    </p>
    <p>
      Net income for the first quarter of 2008 was $1.0 million, or $0.01 per
      diluted share, compared with a net loss of $3.3 million, or $0.05 per
      share, for the three months ended March 31, 2007.
    </p>
    <p>
      Cash and marketable securities as of March 29, 2008 totaled $88.7
      million and the Company had no long-term debt.
    </p>
    <p>
      &#8220;We delivered another quarter of robust top-line growth, powered by
      momentum from both our III-V and CyberDisplay product lines,&#8221; said Kopin
      President and Chief Executive Officer Dr. John C.C. Fan. &#8220;In our III-V
      business, our strategy to improve efficiency, quality and cost by
      significantly expanding our 6-inch HBT wafer capacity drove strong
      year-over-year performance in the quarter. In our CyberDisplay product
      line, demand across our customer end-markets drove year-over-year growth
      in all three product categories, as revenue from consumer electronics,
      military and eyewear display applications each posted double-digit
      percentage growth in revenue during the quarter.
    </p>
    <p>
      &#8220;Our bottom line improved as a result of a favorable sales mix during
      the quarter which featured the sale of higher margin products. In
      addition, the first quarter was favorably impacted by lower bad debt
      expense of approximately $270,000 and foreign exchange gains of
      approximately $400,000, which were partially offset by higher expenses
      of approximately $225,000 associated with our 2006 and 2007 SEC
      filings,&#8221; Dr. Fan said.
    </p>
    <div style="margin-right: 0pt; margin-bottom: 10pt; margin-left: 0pt; width: 100%; text-indent: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="color: black; height: 1.5pt">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>
      <b>Comments on CyberDisplay Business</b>
    </p>
    <p>
      &#8220;The quality of our displays has positioned Kopin as the premier
      technology developer and supplier of high-performance transmissive
      AMLCDs to the U.S. military,&#8221; Dr. Fan said. &#8220;Display product revenue
      from military applications was $7.3 million in the first quarter of
      2008, compared with $4.2 million in the first quarter of 2007,
      reflecting our successful participation in the U.S. Army&#8217;s ongoing
      weapon sight programs. Research and development revenue from contracts
      for the development of displays for military applications was $1.9
      million in the first quarter of 2008 compared with $0.1 million in the
      first quarter of 2007.&#8221;
    </p>
    <p>
      &#8220;The weapon sight programs are emblematic of the Army&#8217;s focus on
      technology innovation, and Kopin&#8217;s products have become an important
      part of the military&#8217;s investment,&#8221; Dr. Fan said. &#8220;To support these as
      well as future programs, this month we completed construction and
      installation in Taunton of a 2,800-square-foot clean room, equipped with
      specialized instruments, that will be used for High-Level Assembly of
      eyepieces for military applications.&#8221;
    </p>
    <p>
      &#8220;Kopin also is working closely with its military partners on the next
      generation of night vision systems,&#8221; Dr. Fan said. &#8220;In April, we
      received the first of an anticipated three-phase, $4.2 million award as
      part of the Army&#8217;s Manufacturing Technology Program (ManTech) to
      accelerate our production capability and enhance the performance of our
      CyberDisplay SXGA LVR microdisplay. As the world&#8217;s highest resolution
      microdisplay, Kopin&#8217;s SXGA LVR together with multi-spectral imaging
      sensors, provides the highest quality night vision.&#8221;
    </p>
    <p>
      &#8220;Demand also was very strong on the consumer side of our display
      business, as revenue from consumer electronics products increased 51% to
      $5.7 million in the first quarter of 2008 compared with $3.8 million in
      the first quarter of 2007, and revenue from the sales of displays for
      video eyewear applications increased to $2.1 million as compared to $1.0
      million in the first quarter of 2007,&#8221; Dr. Fan said. &#8220;In the digital
      still camera market, we are continuing to focus on more advanced models,
      which offer the potential for higher margins and a larger addressable
      market. In the video eyewear market, design activity continues to
      accelerate. The combination of our newly installed 8-inch display
      manufacturing line and our expertise in volume manufacturing of the
      world&#8217;s highest resolution AMLCDs positions us well as the video eyewear
      category builds momentum.&#8221;
    </p>
    <div style="margin-right: 0pt; margin-bottom: 10pt; margin-left: 0pt; width: 100%; text-indent: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="color: black; height: 1.5pt">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>
      <b>Comments on III-V Business</b>
    </p>
    <p>
      &#8220;The future of our III-V business is bright,&#8221; Dr. Fan said. &#8220;In April,
      we announced the extension of our HBT purchase and supply agreement with
      our long-time customer, Skyworks Solutions, an established leader in RF
      solutions for mobile communications. Kopin has contracted to fulfill all
      of Skyworks&#8217; 4-inch-diameter and the vast majority of its
      6-inch-diameter HBT wafer requirements through July 2010. To accommodate
      III-V product demand, we recently completed the installation of three
      new advanced MOCVD reactors at our Taunton facility. These systems
      enhance our capability to process 6-inch GaAs wafers for HBTs used in
      both power amplifiers and for a number of new wireless and
      optoelectronic applications.&#8221;
    </p>
    <p>
      <b>Business Outlook</b>
    </p>
    <p>
      &#8220;We are off to an excellent start in 2008, and we are optimistic that
      our momentum will continue in the quarters ahead,&#8221; Dr. Fan said. &#8220;We are
      seeing strong growth from all market segments within our CyberDisplay
      product line, and we are particularly excited about the opportunities in
      the military and video eyewear markets as we go forward. The outlook for
      III-V is also very positive. In addition to our extended purchase and
      supply agreement with Skyworks, we are excited about the longer-term
      opportunities for our III-V products in areas such as solar cells and
      wireless broadband. We have installed new capacity and capability for
      all of our product lines and we are actively improving the performance
      of our products as well as developing exciting new products. Although we
      are seeing some indications of a softening in the consumer electronics
      market segment, based on the strength in other market segments we
      believe we are on track to achieve our revenue guidance of $105 million
      to $115 million for 2008.&#8221;
    </p>
    <p>
      &#8220;We look forward to seeing shareholders at our annual meeting on May 20,
      2008. For additional details please visit our website, <u>www.kopin.com</u>,&#8221;
      Dr. Fan concluded.
    </p>
    <p>
      <b>Company Announces Dismissal of Derivative Lawsuits</b>
    </p>
    <p>
      Kopin today announced that the Massachusetts Superior Court has
      dismissed two derivative lawsuits filed against Kopin, as a nominal
      defendant, and certain officers and directors, in connection with the
      Company&#8217;s historical stock option granting process, the accounting for
      past stock options, and historical sales of stock. The plaintiffs may
      appeal the decision.
    </p>
    <p>
      <b>First-Quarter Conference Call</b>
    </p>
    <p>
      In conjunction with its first-quarter 2008 financial results, Kopin will
      host a teleconference call for investors and analysts at 5:00 p.m. ET
      today. To hear the conference call, please dial (877) 407-5790 (U.S. and
      Canada) or (201) 689-8328 (International). The call will also be
      available as a live and archived audio webcast on the &quot;Investors&quot;
      section of the Kopin website, <u>www.kopin.com</u>.
    </p>
    <div style="margin-right: 0pt; margin-bottom: 10pt; margin-left: 0pt; width: 100%; text-indent: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="color: black; height: 1.5pt">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>
      <b>About Kopin</b>
    </p>
    <p>
      Kopin Corporation produces lightweight, power-efficient, ultra-small
      liquid crystal displays and III-V heterojunction bipolar transistors
      (HBTs) that are revolutionizing the way people around the world see,
      hear and communicate. Kopin has shipped more than 20 million displays
      for a range of consumer and military applications including digital
      cameras, personal video eyewear, camcorders, thermal weapon sights and
      night vision systems. The Company's HBTs, which help to enhance battery
      life, talk time and signal clarity, have been integrated into billions
      of wireless handsets as well as into WiFi, VoIP and high-speed Internet
      data transmission systems. Kopin's proprietary display and III-V
      technologies are protected by more than 200 global patents and patents
      pending. For more information, please visit Kopin's website at <u>www.kopin.com</u>.
    </p>
    <p>
      CyberDisplay and The NanoSemiconductor Company are trademarks of Kopin
      Corporation.
    </p>
    <p style="text-align: center">
      Kopin &#8211; The NanoSemiconductor Company&#8482;
    </p>
    <p>
      <i><b>Safe Harbor Statement</b></i>
    </p>
    <p>
      <i>Statements in this news release may be considered &#8220;forward-looking&#8221;
      statements under the &#8220;Safe Harbor&#8221; provisions of the Private Securities
      Litigation Reform Act of 1995.</i> <i>These include statements relating
      to Kopin&#8217;s expectation that it is positioned as the premier technology
      developer and supplier of high-performance transmissive AMLCDs to the
      U.S. military; our expectation that the digital still camera market
      offers the potential for higher margins and a larger addressable market;
      our expectation that our expertise in volume manufacturing of the
      world&#8217;s highest resolution AMLCDs positions us well as this emerging
      category builds momentum; our expectation that our future III-V business
      is bright; our expectation that we are off to an excellent start in
      2008, and that we are optimistic that our momentum will continue ahead;
      our expectation that the outlook for III-V is also very positive; and
      our expectation that we are on track to achieve our revenue guidance of
      $105 million to $115 million for 2008.</i> <i>These statements involve a
      number of risks and uncertainties that could cause actual results to
      differ materially from those expressed in the forward-looking
      statements. These risks and uncertainties include, but are not limited
      to, manufacturing, marketing or other issues that may prevent either the
      adoption or rapid acceptance of products; competitive products and
      pricing; the risk that new product initiatives and other research and
      development efforts may not be successful; the loss of significant
      customers; the potential that costs to produce the Company&#8217;s
      microdisplay and HBT products will increase significantly, or that
      yields will decline; the potential that the Company&#8217;s revenue guidance
      and product forecasts will turn out to be wrong; the potential that
      military programs involving Kopin&#8217;s products will be delayed or
      cancelled; the potential that the Company&#8217;s military and commercial
      customers might be unable to ramp production volumes of their products;
      market acceptance of video eyewear, digital still cameras, toys,
      military systems, cellular phones or other</i> <i>products in which
      Kopin&#8217;s products are integrated; manufacturing delays, technical issues,
      economic conditions or external factors that may prevent the Company
      from achieving its financial guidance; potential claims or liability
      that could arise as a result of the Company&#8217;s restatement of its
      financial statements; and other risk factors and cautionary statements
      listed in the Company&#8217;s periodic reports and registration statements
      filed with the Securities and Exchange Commission, including the Annual
      Report on Form 10-K for the 12 months ended December 29, 2007, and the
      Company&#8217;s subsequent filings with the Securities and Exchange Commission.</i>
      <i>You should not place undue reliance on any forward-looking
      statements, which speak only as of the date on which they are made. The
      Company undertakes no responsibility to update any of these
      forward-looking statements to reflect events or circumstances occurring
      after the date of this report.</i>
    </p>
    <div style="margin-right: 0pt; margin-bottom: 10pt; margin-left: 0pt; width: 100%; text-indent: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="color: black; height: 1.5pt">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <table cellspacing="0" style="font-size: 8pt; font-family: Times New Roman; margin-bottom: 10.0px; width: 100%">
      <tr>
        <td colspan="8" valign="top" style="text-align: center; padding-left: 0.0px">
          <b>Kopin Corporation</b>
        </td>
      </tr>
      <tr>
        <td colspan="8" valign="top" style="text-align: center; padding-left: 0.0px">
          <b>Condensed Consolidated Statements of Operations</b>
        </td>
      </tr>
      <tr>
        <td colspan="8" valign="top" style="text-align: center; padding-left: 0.0px">
          <b>(Unaudited)</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>
          &#160;
        </td>
        <td colspan="3">

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td colspan="7" valign="top" style="text-align: center; border-bottom: solid black 1.0pt; padding-left: 0.0px">
          Three Months Ended
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td colspan="3" valign="top" style="text-align: center; border-bottom: solid black 1.0pt; padding-left: 0.0px">
          March 29, 2008
        </td>
        <td>

        </td>
        <td colspan="3" valign="top" style="text-align: center; border-bottom: solid black 1.0pt; padding-left: 0.0px">
          March 31, 2007
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="text-align: left; padding-left: 0.0px">
          Revenues:
        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
      </tr>
      <tr>
        <td valign="top" style="text-align: left; padding-left: 25.0px">
          Product revenues
        </td>
        <td valign="bottom" style="padding-right: 0.0px; text-align: right; white-space: nowrap; padding-left: 0.0px">
          $
        </td>
        <td valign="bottom" style="padding-right: 0.0px; text-align: right; white-space: nowrap; padding-left: 0.0px">
          27,015,881
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-right: 0.0px; text-align: right; white-space: nowrap; padding-left: 0.0px">
          $
        </td>
        <td valign="bottom" style="padding-right: 0.0px; text-align: right; white-space: nowrap; padding-left: 0.0px">
          17,876,493
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="top" style="text-align: left; padding-bottom: 2.0px; padding-left: 25.0px">
          Research and development revenues
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="padding-right: 0.0px; text-align: right; white-space: nowrap; border-bottom: solid black 1.0pt; padding-left: 0.0px">
          2,149,291
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="padding-right: 0.0px; text-align: right; white-space: nowrap; border-bottom: solid black 1.0pt; padding-left: 0.0px">
          252,988
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-right: 0.0px; text-align: right; white-space: nowrap; padding-left: 0.0px">
          29,165,172
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-right: 0.0px; text-align: right; white-space: nowrap; padding-left: 0.0px">
          18,129,481
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="top" style="text-align: left; padding-left: 0.0px">
          Expenses:
        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
      </tr>
      <tr>
        <td valign="top" style="text-align: left; padding-left: 25.0px">
          Cost of product revenues
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-right: 0.0px; text-align: right; white-space: nowrap; padding-left: 0.0px">
          20,332,271
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-right: 0.0px; text-align: right; white-space: nowrap; padding-left: 0.0px">
          15,230,103
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="top" style="text-align: left; padding-left: 25.0px">
          Research and development
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-right: 0.0px; text-align: right; white-space: nowrap; padding-left: 0.0px">
          5,033,374
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-right: 0.0px; text-align: right; white-space: nowrap; padding-left: 0.0px">
          2,435,833
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="top" style="text-align: left; padding-bottom: 2.0px; padding-left: 25.0px">
          Selling, general and administrative
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="padding-right: 0.0px; text-align: right; white-space: nowrap; border-bottom: solid black 1.0pt; padding-left: 0.0px">
          3,843,278
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="padding-right: 0.0px; text-align: right; white-space: nowrap; border-bottom: solid black 1.0pt; padding-left: 0.0px">
          4,913,755
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="padding-right: 0.0px; text-align: right; white-space: nowrap; border-bottom: solid black 1.0pt; padding-left: 0.0px">
          29,208,923
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="padding-right: 0.0px; text-align: right; white-space: nowrap; border-bottom: solid black 1.0pt; padding-left: 0.0px">
          22,579,691
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="text-align: left; padding-left: 0.0px">
          Loss from operations
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-right: 0.0px; text-align: right; white-space: nowrap; padding-left: 0.0px">
          (43,751
        </td>
        <td valign="bottom" style="padding-right: 0.0px; text-align: left; white-space: nowrap; padding-left: 0.0px">
          )
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-right: 0.0px; text-align: right; white-space: nowrap; padding-left: 0.0px">
          (4,450,210
        </td>
        <td valign="bottom" style="padding-right: 0.0px; text-align: left; white-space: nowrap; padding-left: 0.0px">
          )
        </td>
      </tr>
      <tr>
        <td valign="top" style="text-align: left; padding-left: 0.0px">
          Other income and (expense):
        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
      </tr>
      <tr>
        <td valign="top" style="text-align: left; padding-left: 25.0px">
          Interest and other income
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-right: 0.0px; text-align: right; white-space: nowrap; padding-left: 0.0px">
          1,391,665
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-right: 0.0px; text-align: right; white-space: nowrap; padding-left: 0.0px">
          1,280,946
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="top" style="text-align: left; padding-bottom: 2.0px; padding-left: 25.0px">
          Interest and other expense
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="padding-right: 0.0px; text-align: right; white-space: nowrap; border-bottom: solid black 1.0pt; padding-left: 0.0px">
          (9,100
        </td>
        <td valign="bottom" style="padding-right: 0.0px; text-align: left; white-space: nowrap; border-bottom: solid black 1.0pt; padding-left: 0.0px">
          )
        </td>
        <td>

        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="padding-right: 0.0px; text-align: right; white-space: nowrap; border-bottom: solid black 1.0pt; padding-left: 0.0px">
          (35,192
        </td>
        <td valign="bottom" style="padding-right: 0.0px; text-align: left; white-space: nowrap; border-bottom: solid black 1.0pt; padding-left: 0.0px">
          )
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="padding-right: 0.0px; text-align: right; white-space: nowrap; border-bottom: solid black 1.0pt; padding-left: 0.0px">
          1,382,565
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="padding-right: 0.0px; text-align: right; white-space: nowrap; border-bottom: solid black 1.0pt; padding-left: 0.0px">
          1,245,754
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td rowspan="2" valign="bottom" style="text-align: left; padding-left: 0.0px">
          Income (loss) before income taxes, minority interest in income of
          subsidiary and equity loss in unconsolidated affiliate
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-right: 0.0px; text-align: right; white-space: nowrap; padding-left: 0.0px">
          1,338,814
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-right: 0.0px; text-align: right; white-space: nowrap; padding-left: 0.0px">
          (3,204,456
        </td>
        <td valign="bottom" style="padding-right: 0.0px; text-align: left; white-space: nowrap; padding-left: 0.0px">
          )
        </td>
      </tr>
      <tr>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="text-align: left; padding-bottom: 2.0px; padding-left: 0.0px">
          Provision for income taxes
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="padding-right: 0.0px; text-align: right; white-space: nowrap; border-bottom: solid black 1.0pt; padding-left: 0.0px">
          (211,000
        </td>
        <td valign="bottom" style="padding-right: 0.0px; text-align: left; white-space: nowrap; border-bottom: solid black 1.0pt; padding-left: 0.0px">
          )
        </td>
        <td>

        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="padding-right: 0.0px; text-align: right; white-space: nowrap; border-bottom: solid black 1.0pt; padding-left: 0.0px">
          (45,179
        </td>
        <td valign="bottom" style="padding-right: 0.0px; text-align: left; white-space: nowrap; border-bottom: solid black 1.0pt; padding-left: 0.0px">
          )
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td rowspan="2" valign="bottom" style="text-align: left; padding-left: 0.0px">
          Income (loss) before minority interest in income of subsidiary and
          equity loss in unconsolidated affiliate
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-right: 0.0px; text-align: right; white-space: nowrap; padding-left: 0.0px">
          1,127,814
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-right: 0.0px; text-align: right; white-space: nowrap; padding-left: 0.0px">
          (3,249,635
        </td>
        <td valign="bottom" style="padding-right: 0.0px; text-align: left; white-space: nowrap; padding-left: 0.0px">
          )
        </td>
      </tr>
      <tr>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="text-align: left; padding-left: 0.0px">
          Minority interest in income of subsidiary
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-right: 0.0px; text-align: right; white-space: nowrap; padding-left: 0.0px">
          (153,718
        </td>
        <td valign="bottom" style="padding-right: 0.0px; text-align: left; white-space: nowrap; padding-left: 0.0px">
          )
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-right: 0.0px; text-align: right; white-space: nowrap; padding-left: 0.0px">
          (3,582
        </td>
        <td valign="bottom" style="padding-right: 0.0px; text-align: left; white-space: nowrap; padding-left: 0.0px">
          )
        </td>
      </tr>
      <tr>
        <td valign="top" style="text-align: left; padding-bottom: 2.0px; padding-left: 0.0px">
          Equity loss in unconsolidated affiliate
        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="padding-right: 0.0px; text-align: right; white-space: nowrap; border-bottom: solid black 1.0pt; padding-left: 0.0px">
          (23,861
        </td>
        <td valign="bottom" style="padding-right: 0.0px; text-align: left; white-space: nowrap; border-bottom: solid black 1.0pt; padding-left: 0.0px">
          )
        </td>
        <td>

        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="padding-right: 0.0px; text-align: right; white-space: nowrap; border-bottom: solid black 1.0pt; padding-left: 0.0px">
          (45,608
        </td>
        <td valign="bottom" style="padding-right: 0.0px; text-align: left; white-space: nowrap; border-bottom: solid black 1.0pt; padding-left: 0.0px">
          )
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="text-align: left; padding-bottom: 4.0px; padding-left: 0.0px">
          Net income (loss)
        </td>
        <td valign="bottom" style="padding-right: 0.0px; text-align: right; white-space: nowrap; border-bottom: double black 2.25pt; padding-left: 0.0px">
          $
        </td>
        <td valign="bottom" style="padding-right: 0.0px; text-align: right; white-space: nowrap; border-bottom: double black 2.25pt; padding-left: 0.0px">
          950,235
        </td>
        <td style="border-bottom: double black 2.25pt">
          &#160;
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-right: 0.0px; text-align: right; white-space: nowrap; border-bottom: double black 2.25pt; padding-left: 0.0px">
          $
        </td>
        <td valign="bottom" style="padding-right: 0.0px; text-align: right; white-space: nowrap; border-bottom: double black 2.25pt; padding-left: 0.0px">
          (3,298,825
        </td>
        <td valign="bottom" style="padding-right: 0.0px; text-align: left; white-space: nowrap; border-bottom: double black 2.25pt; padding-left: 0.0px">
          )
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="text-align: left; padding-left: 0.0px">
          Net income (loss) per share:
        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
      </tr>
      <tr>
        <td valign="top" style="text-align: left; padding-bottom: 4.0px; padding-left: 25.0px">
          Basic
        </td>
        <td valign="bottom" style="padding-right: 0.0px; text-align: right; white-space: nowrap; border-bottom: double black 2.25pt; padding-left: 0.0px">
          $
        </td>
        <td valign="bottom" style="padding-right: 0.0px; text-align: right; white-space: nowrap; border-bottom: double black 2.25pt; padding-left: 0.0px">
          0.01
        </td>
        <td style="border-bottom: double black 2.25pt">
          &#160;
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-right: 0.0px; text-align: right; white-space: nowrap; border-bottom: double black 2.25pt; padding-left: 0.0px">
          $
        </td>
        <td valign="bottom" style="padding-right: 0.0px; text-align: right; white-space: nowrap; border-bottom: double black 2.25pt; padding-left: 0.0px">
          (0.05
        </td>
        <td valign="bottom" style="padding-right: 0.0px; text-align: left; white-space: nowrap; border-bottom: double black 2.25pt; padding-left: 0.0px">
          )
        </td>
      </tr>
      <tr>
        <td valign="top" style="text-align: left; padding-bottom: 4.0px; padding-left: 25.0px">
          Diluted
        </td>
        <td valign="bottom" style="padding-right: 0.0px; text-align: right; white-space: nowrap; border-bottom: double black 2.25pt; padding-left: 0.0px">
          $
        </td>
        <td valign="bottom" style="padding-right: 0.0px; text-align: right; white-space: nowrap; border-bottom: double black 2.25pt; padding-left: 0.0px">
          0.01
        </td>
        <td style="border-bottom: double black 2.25pt">
          &#160;
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-right: 0.0px; text-align: right; white-space: nowrap; border-bottom: double black 2.25pt; padding-left: 0.0px">
          $
        </td>
        <td valign="bottom" style="padding-right: 0.0px; text-align: right; white-space: nowrap; border-bottom: double black 2.25pt; padding-left: 0.0px">
          (0.05
        </td>
        <td valign="bottom" style="padding-right: 0.0px; text-align: left; white-space: nowrap; border-bottom: double black 2.25pt; padding-left: 0.0px">
          )
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="text-align: left; padding-left: 0.0px">
          Weighted average number of common shares outstanding:
        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
      </tr>
      <tr>
        <td valign="top" style="text-align: left; padding-bottom: 4.0px; padding-left: 25.0px">
          Basic
        </td>
        <td style="border-bottom: double black 2.25pt">
          &#160;
        </td>
        <td valign="bottom" style="padding-right: 0.0px; text-align: right; white-space: nowrap; border-bottom: double black 2.25pt; padding-left: 0.0px">
          67,741,957
        </td>
        <td style="border-bottom: double black 2.25pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom: double black 2.25pt">
          &#160;
        </td>
        <td valign="bottom" style="padding-right: 0.0px; text-align: right; white-space: nowrap; border-bottom: double black 2.25pt; padding-left: 0.0px">
          67,467,996
        </td>
        <td style="border-bottom: double black 2.25pt">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="text-align: left; padding-bottom: 4.0px; padding-left: 25.0px">
          Diluted
        </td>
        <td style="border-bottom: double black 2.25pt">
          &#160;
        </td>
        <td valign="bottom" style="padding-right: 0.0px; text-align: right; white-space: nowrap; border-bottom: double black 2.25pt; padding-left: 0.0px">
          67,746,937
        </td>
        <td style="border-bottom: double black 2.25pt">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom: double black 2.25pt">
          &#160;
        </td>
        <td valign="bottom" style="padding-right: 0.0px; text-align: right; white-space: nowrap; border-bottom: double black 2.25pt; padding-left: 0.0px">
          67,467,996
        </td>
        <td style="border-bottom: double black 2.25pt">
          &#160;
        </td>
      </tr>
    </table>
    <div style="margin-right: 0pt; margin-bottom: 10pt; margin-left: 0pt; width: 100%; text-indent: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="color: black; height: 1.5pt">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <table cellspacing="0" style="font-size: 8pt; font-family: Times New Roman; margin-bottom: 10.0px; width: 100%">
      <tr>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td colspan="2">

        </td>
        <td>
          &#160;
        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td colspan="7" valign="top" style="text-align: center; padding-left: 0.0px">
          <b>Kopin Corporation</b>
        </td>
      </tr>
      <tr>
        <td colspan="7" valign="top" style="text-align: center; padding-left: 0.0px">
          <b>Condensed Consolidated Balance Sheets</b>
        </td>
      </tr>
      <tr>
        <td colspan="7" valign="top" style="text-align: center; padding-left: 0.0px">
          <b>(Unaudited)</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="top" style="text-align: center; padding-left: 0.0px">
          March 29,
        </td>
        <td>

        </td>
        <td colspan="2" valign="top" style="text-align: center; padding-left: 0.0px">
          December 29,
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="padding-right: 0.0px; text-align: center; white-space: nowrap; border-bottom: solid black 1.0pt; padding-left: 0.0px">
          2008
        </td>
        <td>

        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="padding-right: 0.0px; text-align: center; white-space: nowrap; border-bottom: solid black 1.0pt; padding-left: 0.0px">
          2007
        </td>
      </tr>
      <tr>
        <td valign="top" style="text-align: left; padding-left: 0.0px">
          ASSETS
        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td valign="top" style="text-align: left; padding-left: 0.0px">
          Current assets:
        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td valign="top" style="text-align: left; padding-left: 20.0px">
          Cash and marketable securities
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-right: 0.0px; text-align: right; white-space: nowrap; padding-left: 0.0px">
          $
        </td>
        <td valign="bottom" style="padding-right: 0.0px; text-align: right; white-space: nowrap; padding-left: 0.0px">
          88,737,890
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-right: 0.0px; text-align: right; white-space: nowrap; padding-left: 0.0px">
          $
        </td>
        <td valign="bottom" style="padding-right: 0.0px; text-align: right; white-space: nowrap; padding-left: 0.0px">
          93,304,317
        </td>
      </tr>
      <tr>
        <td valign="top" style="text-align: left; padding-left: 20.0px">
          Accounts receivable, net
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-right: 0.0px; text-align: right; white-space: nowrap; padding-left: 0.0px">
          20,704,789
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-right: 0.0px; text-align: right; white-space: nowrap; padding-left: 0.0px">
          15,127,408
        </td>
      </tr>
      <tr>
        <td valign="top" style="text-align: left; padding-left: 20.0px">
          Inventory
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-right: 0.0px; text-align: right; white-space: nowrap; padding-left: 0.0px">
          16,919,219
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-right: 0.0px; text-align: right; white-space: nowrap; padding-left: 0.0px">
          16,732,060
        </td>
      </tr>
      <tr>
        <td valign="top" style="text-align: left; padding-bottom: 2.0px; padding-left: 20.0px">
          Prepaid and other current assets
        </td>
        <td>

        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="padding-right: 0.0px; text-align: right; white-space: nowrap; border-bottom: solid black 1.0pt; padding-left: 0.0px">
          3,272,708
        </td>
        <td>

        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="padding-right: 0.0px; text-align: right; white-space: nowrap; border-bottom: solid black 1.0pt; padding-left: 0.0px">
          1,981,958
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="text-align: left; padding-left: 0.0px">
          Total current assets
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-right: 0.0px; text-align: right; white-space: nowrap; padding-left: 0.0px">
          129,634,606
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-right: 0.0px; text-align: right; white-space: nowrap; padding-left: 0.0px">
          127,145,743
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="text-align: left; padding-left: 0.0px">
          Equipment and improvements, net
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-right: 0.0px; text-align: right; white-space: nowrap; padding-left: 0.0px">
          22,239,522
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-right: 0.0px; text-align: right; white-space: nowrap; padding-left: 0.0px">
          21,927,061
        </td>
      </tr>
      <tr>
        <td valign="top" style="text-align: left; padding-bottom: 2.0px; padding-left: 0.0px">
          Other assets
        </td>
        <td>

        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="padding-right: 0.0px; text-align: right; white-space: nowrap; border-bottom: solid black 1.0pt; padding-left: 0.0px">
          12,131,373
        </td>
        <td>

        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="padding-right: 0.0px; text-align: right; white-space: nowrap; border-bottom: solid black 1.0pt; padding-left: 0.0px">
          11,981,173
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="text-align: left; padding-bottom: 4.0px; padding-left: 0.0px">
          Total assets
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-right: 0.0px; text-align: right; white-space: nowrap; border-bottom: double black 2.25pt; padding-left: 0.0px">
          $
        </td>
        <td valign="bottom" style="padding-right: 0.0px; text-align: right; white-space: nowrap; border-bottom: double black 2.25pt; padding-left: 0.0px">
          164,005,501
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-right: 0.0px; text-align: right; white-space: nowrap; border-bottom: double black 2.25pt; padding-left: 0.0px">
          $
        </td>
        <td valign="bottom" style="padding-right: 0.0px; text-align: right; white-space: nowrap; border-bottom: double black 2.25pt; padding-left: 0.0px">
          161,053,977
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="text-align: left; padding-left: 0.0px">
          LIABILITIES AND STOCKHOLDERS' EQUITY
        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td valign="top" style="text-align: left; padding-left: 0.0px">
          Current liabilities:
        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
      </tr>
      <tr>
        <td valign="top" style="text-align: left; padding-left: 20.0px">
          Accounts payable
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-right: 0.0px; text-align: right; white-space: nowrap; padding-left: 0.0px">
          $
        </td>
        <td valign="bottom" style="padding-right: 0.0px; text-align: right; white-space: nowrap; padding-left: 0.0px">
          14,758,596
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-right: 0.0px; text-align: right; white-space: nowrap; padding-left: 0.0px">
          $
        </td>
        <td valign="bottom" style="padding-right: 0.0px; text-align: right; white-space: nowrap; padding-left: 0.0px">
          12,652,594
        </td>
      </tr>
      <tr>
        <td valign="top" style="text-align: left; padding-left: 20.0px">
          Accrued expenses
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-right: 0.0px; text-align: right; white-space: nowrap; padding-left: 0.0px">
          6,757,853
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-right: 0.0px; text-align: right; white-space: nowrap; padding-left: 0.0px">
          6,370,958
        </td>
      </tr>
      <tr>
        <td valign="top" style="text-align: left; padding-bottom: 2.0px; padding-left: 20.0px">
          Billings in excess of revenue earned
        </td>
        <td>

        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="padding-right: 0.0px; text-align: right; white-space: nowrap; border-bottom: solid black 1.0pt; padding-left: 0.0px">
          173,851
        </td>
        <td>

        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="padding-right: 0.0px; text-align: right; white-space: nowrap; border-bottom: solid black 1.0pt; padding-left: 0.0px">
          173,851
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="text-align: left; padding-left: 0.0px">
          Total current liabilities
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-right: 0.0px; text-align: right; white-space: nowrap; padding-left: 0.0px">
          21,690,300
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-right: 0.0px; text-align: right; white-space: nowrap; padding-left: 0.0px">
          19,197,403
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="text-align: left; padding-left: 0.0px">
          Lease commitments
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-right: 0.0px; text-align: right; white-space: nowrap; padding-left: 0.0px">
          839,839
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-right: 0.0px; text-align: right; white-space: nowrap; padding-left: 0.0px">
          805,797
        </td>
      </tr>
      <tr>
        <td valign="top" style="text-align: left; padding-left: 0.0px">
          Minority interest
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-right: 0.0px; text-align: right; white-space: nowrap; padding-left: 0.0px">
          3,356,079
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-right: 0.0px; text-align: right; white-space: nowrap; padding-left: 0.0px">
          3,549,369
        </td>
      </tr>
      <tr>
        <td valign="top" style="text-align: left; padding-bottom: 2.0px; padding-left: 0.0px">
          Stockholders' equity
        </td>
        <td>

        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="padding-right: 0.0px; text-align: right; white-space: nowrap; border-bottom: solid black 1.0pt; padding-left: 0.0px">
          138,119,283
        </td>
        <td>

        </td>
        <td style="border-bottom: solid black 1.0pt">
          &#160;
        </td>
        <td valign="bottom" style="padding-right: 0.0px; text-align: right; white-space: nowrap; border-bottom: solid black 1.0pt; padding-left: 0.0px">
          137,501,408
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="text-align: left; padding-bottom: 4.0px; padding-left: 0.0px">
          Total liabilities and stockholders' equity
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-right: 0.0px; text-align: right; white-space: nowrap; border-bottom: double black 2.25pt; padding-left: 0.0px">
          $
        </td>
        <td valign="bottom" style="padding-right: 0.0px; text-align: right; white-space: nowrap; border-bottom: double black 2.25pt; padding-left: 0.0px">
          164,005,501
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-right: 0.0px; text-align: right; white-space: nowrap; border-bottom: double black 2.25pt; padding-left: 0.0px">
          $
        </td>
        <td valign="bottom" style="padding-right: 0.0px; text-align: right; white-space: nowrap; border-bottom: double black 2.25pt; padding-left: 0.0px">
          161,053,977
        </td>
      </tr>
    </table>
    <p>

    </p>
    <p>

    </p>
    <p>

    </p>
    <p>
      CONTACT:<br>Kopin Corporation<br>Richard Sneider, 508-824-6696<br>Chief
      Financial Officer<br>Richard_<u>Sneider@kopin.com</u><br>or<br>Sharon
      Merrill Associates, Inc.<br>Scott Solomon, 617-542-5300<br>Vice President<br><u>ssolomon@investorrelations.com</u>
    </p>
    <p>

    </p>
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