Selected Quarterly Financial Information (Unaudited)

12 Months Ended

Dec. 31, 2011

Selected Quarterly Financial Information (Unaudited)

14. Selected Quarterly Financial Information (Unaudited)

The following tables present Kopin’s quarterly operating results for the fiscal years ended December 31, 2011 and December 25, 2010. The information for each of these quarters is unaudited and has been prepared on the same basis as the audited consolidated financial statements. In the opinion of management, all necessary adjustments, consisting only of normal recurring adjustments, have been included to present fairly the unaudited consolidated quarterly results when read in conjunction with Kopin’s audited consolidated financial statements and related notes. These operating results are not necessarily indicative of the results of any future period.

Quarterly Periods During Fiscal Year Ended December 31, 2011:


	Three months ended March 26, 2011		Three months ended June 25, 2011		Three months ended September 24, 2011		Three months ended December 31, 2011
	(In thousands, except per share data)
Revenue	$	34,934	$	31,431	$	29,566	$	35,213
Gross profit (2)		10,974		10,482		9,467		12,431
Net income attributable to the controlling interest	$	2,066	$	802	$	797	$	(67	)
Net income per share (1):
Basic	$	0.03	$	0.01	$	0.01	$	0.00
Diluted	$	0.03	$	0.01	$	0.01	$	0.00
Shares used in computing net income per share:
Basic		64,737		64,529		64,292		64,065
Diluted		65,655		66,775		65,441		64,065

(1)	Net income per share is computed independently for each of the quarters presented; accordingly, the sum of the quarterly net income per share may not equal the total computed for the year.

(2)	Gross profit is defined as net product revenue less cost of product revenues.

Quarterly Periods During Fiscal Year Ended December 25, 2010:


	Three months ended March 27 2010		Three months ended June 26 2010		Three months ended September 25 2010		Three months ended December 25, 2010 (3)
	(In thousands, except per share data)
Revenue	$	25,454	$	30,189	$	31,602	$	33,140
Gross profit (2)		6,338		7,275		10,054		11,731
Net income attributable to the controlling interest	$	1,037	$	1,861	$	1,361	$	4,676
Net income per share (1):
Basic	$	0.02	$	0.03	$	0.02	$	0.07
Diluted	$	0.02	$	0.03	$	0.02	$	0.07
Shares used in computing net income per share:
Basic		66,588		66,626		66,115		64,751
Diluted		67,311		67,357		66,779		65,399

(1)	Net income (loss) per share is computed independently for each of the quarters presented; accordingly, the sum of the quarterly net income per share may not equal the total computed for the year.

(2)	Gross profit is defined as net product revenue less cost of product revenues.

(3)	The net income attributable to the controlling interest for the fourth quarter of fiscal year 2010 was impacted by gains of $1.4 million related to reimbursement of insurance claims.

- Definition

The entire disclosure for the quarterly financial data in the annual financial statements. The disclosure may include a tabular presentation of financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income or loss before extraordinary items and earnings per share data. It also includes an indication if the information in the note is unaudited, comments on the aggregate effect of year-end adjustments, and an explanation of matters or transactions that affect comparability or are pertinent to an understanding of the information furnished.

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