<SEC-DOCUMENT>0001157523-17-001494.txt : 20170509
<SEC-HEADER>0001157523-17-001494.hdr.sgml : 20170509
<ACCEPTANCE-DATETIME>20170509080018
ACCESSION NUMBER:		0001157523-17-001494
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20170509
ITEM INFORMATION:		Results of Operations and Financial Condition
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20170509
DATE AS OF CHANGE:		20170509

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:		17824691

	BUSINESS ADDRESS:	
		STREET 1:		125 NORTH DRIVE
		CITY:			WESTBOROUGH
		STATE:			MA
		ZIP:			01581
		BUSINESS PHONE:		508-870-5959

	MAIL ADDRESS:	
		STREET 1:		125 NORTH DRIVE
		CITY:			WESTBOROUGH
		STATE:			MA
		ZIP:			01581
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>a51555567.htm
<DESCRIPTION>KOPIN CORPORATION 8-K
<TEXT>
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      <br>
      <br>
      <font style="font-family: Times New Roman; font-size: 12pt">UNITED STATES</font><font style="font-family: Times New Roman; font-size: 12pt"><br style="font-family: Times New Roman; font-size: 12pt"></font><font style="font-family: Times New Roman; font-size: 12pt">SECURITIES
      AND EXCHANGE COMMISSION</font><font style="font-size: 12pt"><br style="font-size: 12pt"></font><font style="font-family: Times New Roman; font-size: 12pt">WASHINGTON,
      D.C. 20549</font><br><font style="font-family: Times New Roman"><b>______________</b></font><br>
    </p>
    <p style="text-align: center">
      <font style="font-family: Times New Roman; font-size: 12pt">FORM 8-K</font>
    </p>
    <p style="text-align: center">
      <font style="font-family: Times New Roman; font-size: 12pt">CURRENT
      REPORT </font><br><font style="font-family: Times New Roman; font-size: 12pt">Pursuant
      to Section 13 or 15(d) of the</font><br><font style="font-family: Times New Roman; font-size: 12pt">Securities
      Exchange Act of 1934</font>
    </p>
    <p style="text-align: center">
      <font style="font-family: Times New Roman; font-size: 10pt">Date of
      Report (Date of Earliest Event Reported) May 9, 2017</font><font style="font-family: Times New Roman; font-size: 10pt"><br style="font-family: Times New Roman; font-size: 10pt"></font>
    </p>
    <p style="text-align: center">
      <u><font style="font-size: 12pt">KOPIN&#160;CORPORATION</font></u><font style="font-size: 10pt"><br style="font-size: 10pt"></font><font style="font-family: Times New Roman; font-size: 10pt">(Exact
      Name of Registrant as Specified in Charter)</font>
    </p>
    <p style="text-align: center">
      <br>

    </p>
<div style="text-align:left">
    <table cellspacing="0" style="width: 100%; font-family: Times New Roman; margin-bottom: 10.0px; font-size: 10pt">
      <tr>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; text-align: left; width: 33%; border-bottom-width: 1.0pt; border-bottom-style: solid">
          <p style="margin-bottom: 0px; margin-top: 0px">
            DELAWARE
          </p>
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; text-align: center; padding-right: 0.0px; white-space: nowrap; width: 34%; border-bottom-width: 1.0pt; border-bottom-style: solid">
          <p style="margin-bottom: 0px; margin-top: 0px">
            000-19882
          </p>
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap; width: 33%; border-bottom-width: 1.0pt; border-bottom-style: solid">
          <p style="margin-bottom: 0px; margin-top: 0px">
            04-2833935
          </p>
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left; width: 33%">
          <p style="margin-bottom: 0px; margin-top: 0px">
            (State or Other Jurisdiction
          </p>
          <p style="margin-bottom: 0px; margin-top: 0px">
            of Incorporation)
          </p>
        </td>
        <td valign="bottom" style="padding-left: 0.0px; text-align: center; width: 34%">
          <p style="margin-bottom: 0px; margin-top: 0px">
            (Commission
          </p>
          <p style="margin-bottom: 0px; margin-top: 0px">
            &#160;File Number)
          </p>
        </td>
        <td valign="bottom" style="padding-left: 0.0px; text-align: right; width: 33%">
          <p style="margin-bottom: 0px; margin-top: 0px">
            (IRS Employer
          </p>
          <p style="margin-bottom: 0px; margin-top: 0px">
            Identification No.)
          </p>
        </td>
      </tr>
    </table>
    </div>
<div style="text-align:left">
    <table cellspacing="0" style="font-family: Times New Roman; width: 100%; margin-bottom: 10.0px; font-size: 10pt">
      <tr>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; text-align: center; border-bottom-width: 1.0pt; border-bottom-style: solid">
          <p style="margin-bottom: 0px; margin-top: 0px">
            125 North Drive, Westborough, MA 01581
          </p>
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: center">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <font style="font-family: Times New Roman; font-size: 10pt">(Address
            of Principal Executive Offices)&#160;&#160;&#160;(Zip Code)</font>
          </p>
        </td>
      </tr>
    </table>
    </div>
    <p style="text-align: center">
      <br>
      <font style="font-family: Times New Roman; font-size: 10pt">Registrant&#8217;s
      telephone number, including area code &#160;&#160;&#160;</font><u>(508)
      870-5959</u>
    </p>
    <p>

    </p>
    <p>
      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):
    </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-left: 0pt; width: 100%; margin-right: 0pt; margin-bottom: 10pt; 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="height: 1.5pt; color: black">

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

        </div>
      </div>
    </div>
    <p>
      <b>Item 2.02.&#160;&#160;<u>Results of Operations and Financial Condition</u>.</b>
      &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
    </p>
    <p style="text-indent: 30.0px; font-size: 10pt">
      Kopin Corporation issued a press release on May 9, 2017, 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 April 1, 2017. This information in this Item 2.02
      (including Exhibit 99.1) shall not be deemed to be &#8220;filed&#8221; for the
      purposes of Section 18 of the Securities Exchange Act of 1934, as
      amended (the &#8220;Exchange Act&#8221;), and shall not be deemed to be incorporated
      by reference in any filing under the Securities Act of 1933, as amended
      or the Exchange Act, except as shall be expressly set forth by specific
      reference in such filing.
    </p>
    <p>
      <b>Item 9.01.&#160;&#160;<u>Financial Statements and Exhibits</u>.</b>
    </p>
    <p>
      <b>(d)&#160;&#160;&#160;&#160;&#160;&#160;&#160;<u>Exhibits</u></b>.
    </p>
<div style="text-align:left">
    <table cellspacing="0" style="font-family: Times New Roman; width: 100%; margin-bottom: 10.0px; font-size: 10pt">
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: center; padding-right: 0.0px; white-space: nowrap; width: 5%">
          99.1
        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left; width: 2%">
          &#160;
        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left; width: 93%">
          <p style="margin-bottom: 0px; margin-top: 0px">
            Press Release dated May 9, 2017, entitled, &#8220;KOPIN PROVIDES
            BUSINESS UPDATE AND FIRST QUARTER 2017 OPERATING RESULTS&#8221;.
          </p>
          <p style="margin-bottom: 0px; margin-top: 0px">
            &#160;
          </p>
        </td>
      </tr>
    </table>
    </div>
    <p>

    </p>
    <div style="margin-left: 0pt; width: 100%; margin-right: 0pt; margin-bottom: 10pt; 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="height: 1.5pt; color: black">

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

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

    </p>
    <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-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.
    </p>
    <p>

    </p>
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        <td style="width: 6%">

        </td>
        <td style="width: 44%">

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left; width: 4%">
          <p style="margin-bottom: 0px; margin-top: 0px">
            &#160;
          </p>
        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left; width: 46%">
          <p style="margin-bottom: 0px; margin-top: 0px">
            KOPIN CORPORATION
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 6%">

        </td>
        <td style="width: 44%">

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

        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left; width: 6%">

        </td>
        <td style="width: 44%">

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

        </td>
        <td style="width: 46%">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left; width: 6%; padding-bottom: 2.0px">
          <p style="margin-bottom: 0px; margin-top: 0px">
            Dated:
          </p>
        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left; width: 44%; padding-bottom: 2.0px">
          May 9, 2017
        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left; width: 4%; padding-bottom: 2.0px">
          By:
        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; text-align: left; width: 46%; border-bottom-width: 1.0pt; border-bottom-style: solid">
          <p style="margin-bottom: 0px; margin-top: 0px">
            /s/ Richard A. Sneider
          </p>
        </td>
      </tr>
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        <td style="width: 6%">

        </td>
        <td style="width: 44%">

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

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left; width: 46%">
          <p style="margin-bottom: 0px; margin-top: 0px">
            Richard A. Sneider
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 6%">

        </td>
        <td style="width: 44%">

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

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left; width: 46%">
          <p style="margin-bottom: 0px; margin-top: 0px">
            Treasurer and Chief Financial Officer
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 6%">

        </td>
        <td style="width: 44%">

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

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left; width: 46%">
          <p style="margin-bottom: 0px; margin-top: 0px">
            (Principal Financial and Accounting Officer)
          </p>
        </td>
      </tr>
    </table>
    </div>
    <div style="margin-left: 0pt; width: 100%; margin-right: 0pt; margin-bottom: 10pt; 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="height: 1.5pt; color: black">

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

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

    </p>
    <p style="text-align: center">
      <b>EXHIBIT INDEX</b>
    </p>
<div style="text-align:left">
    <table cellspacing="0" style="font-family: Times New Roman; width: 100%; margin-bottom: 10.0px; font-size: 10pt">
      <tr>
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          Exhibit
        </td>
        <td valign="middle" style="padding-left: 0.0px; text-align: left; width: 2%">
          &#160;
        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left; width: 88%">
          Description
        </td>
      </tr>
      <tr>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; text-align: left; width: 10%; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="width: 2%">

        </td>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; text-align: left; width: 88%; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: center; padding-right: 0.0px; white-space: nowrap; width: 10%">
          99.1
        </td>
        <td style="width: 2%">

        </td>
        <td valign="top" style="padding-left: 0.0px; text-align: left; width: 88%">
          <p style="margin-bottom: 0px; margin-top: 0px">
            Press Release dated May 9, 2017, entitled, &#8220;KOPIN PROVIDES
            BUSINESS UPDATE AND FIRST&#160;QUARTER 2017 OPERATING RESULTS&#8221;
          </p>
          <p style="margin-bottom: 0px; margin-top: 0px">
            &#160;
          </p>
        </td>
      </tr>
    </table>
    </div>
    <p>

    </p>
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<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>a51555567ex99_1.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
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    <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-family: Times New Roman; font-size: 12pt"><b>Kopin
      Provides Business Update and First Quarter 2017 Operating Results</b></font>
    </p>
    <ul>
      <li style="margin-bottom: 10.0px">
        <i><font style="font-family: Times New Roman; font-size: 12pt"><b>Reaches
        Two Agreements Providing Fab-less Manufacturing Capacity and
        Capability for New Lightning OLED Display</b></font></i>
      </li>
      <li style="margin-bottom: 10.0px">
        <i><font style="font-family: Times New Roman; font-size: 12pt"><b>Goertek
        Completes $24.6 Million Investment; Headsets From Partnerships Slated
        for Introduction Late 2017</b></font></i>
      </li>
      <li style="margin-bottom: 10.0px">
        <i><font style="font-family: Times New Roman; font-size: 12pt"><b>F-35
        Fighter Jet Program Ramping on Plan</b></font></i>
      </li>
    </ul>
    <p>
      WESTBOROUGH, Mass.--(BUSINESS WIRE)--May 9, 2017--Kopin
      Corporation&#160;(NASDAQ:KOPN), a leading developer of innovative wearable
      computing technologies and solutions, today provided an update on its
      business initiatives and reported financial results for the first
      quarter of 2017 ended April 1, 2017.
    </p>
    <p>
      &#8220;We continued to make strong progress in the first quarter as we shift
      our focus from development to commercialization of our optics, displays,
      and system technology for virtual reality (VR) and augmented reality
      (AR),&#8221; said John C.C. Fan, President and CEO of Kopin. &#8220;Goertek has
      completed its $24.6M investment in Kopin&#8217;s common stock. Furthermore,
      our partnership with Goertek, the leading manufacturer of wearable
      systems globally, is on track to produce three headsets by year end
      2017. These headsets will include a combination of our Pupil&#8482; optics,
      Pearl&#8482; optics and Whisper&#8482; voice technology. Goertek is also working
      with us to include our innovative components in other wearable systems
      as they work with many global companies. In addition we are delighted
      that our Solos&#8482; cycling headset is shipping to our Kickstarter customers
      and the preliminary response has been very positive. We are now working
      with Goertek on the next generation of Solos to advance the capabilities
      of the cycling version as well as adjusting the configuration to target
      other fitness applications such as running.
    </p>
    <p>
      &#8220;The announcement of our new Lightning&#8482; 2K by 2K OLED micro displays at
      CES last January has created great excitement, resulting in productive
      meetings with many global companies which are interested in VR and AR.
      Our 2K by 2K OLED display is designed to be the best in the world for VR
      applications, and with strong interest and encouragement from the
      market, we have taken steps to provide increased performance and
      manufacturing capacity for our OLED displays. Kopin&#8217;s OLED display uses
      a fab-less business model for both front-end Si backplane processing and
      back-end OLED deposition. The Si backplane processing is readily
      available, while the capacity for OLED deposition on Si has been
      limited. To address the near term demand for our OLED micro displays we
      announced an agreement with Yunnan Olightek Optoelectronics Technology
      Co. Ltd. (Olightek), the largest OLED-on-Si manufacturer in China, to
      jointly procure an advanced production OLED deposition machine. This
      machine will be ready for volume production by early next year, with
      Kopin entitled to 50% of the capacity. For even larger volume capacity
      and product capabilities, we have partnered with Olightek and BOE
      Technology Group Ltd. (BOE), a world leader in the manufacture of liquid
      crystal and OLED on glass displays, to create the world&#8217;s largest
      OLED-on-Silicon manufacturing center. This high volume facility is
      expected to be on-line within two years, which should match the ramp in
      demand expected from VR and AR manufacturers around the world.
    </p>
    <div style="width: 100%; margin-left: 0pt; margin-bottom: 10pt; margin-right: 0pt; 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="height: 1.5pt; color: black">

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

        </div>
      </div>
    </div>
    <p>
      &#8220;The military business also continued on track in the first quarter. The
      F-35 Joint Strike program, with Kopin providing displays for the AR
      helmets used by the fighter pilots, is ramping on schedule. The cadence
      for the Family of Weapon Sight programs is also on track for Kopin to
      provide weapon sight eyepiece assemblies. We are shipping under the low
      rate initial production (LRIP) segment of the FWS-I and expect full
      production late this year. Under the Crew Served award we will begin the
      development phase later this year. Also we are optimistic that Kopin is
      positioned to win additional awards that might develop under the current
      budget with its increased military spend.
    </p>
    <p>
      &#8220;During the first quarter we acquired a small company in Virginia that
      develops and manufactures simulation and test equipment for military and
      industrial applications. This company&#8217;s products fit in nicely with our
      military and 3D test equipment products.
    </p>
    <p>
      &#8220;We have devoted the past four years to transform from an LCD component
      company into a wearable components and systems supplier. We are pleased
      with the progress and advances in our LCD and OLED micro displays, in
      our innovative optics, in our unique wearable systems know-how, and in
      our Whisper voice technology. Initially designed for wearable headset
      systems, the Whisper technology is being enhanced for far-field
      applications such as in-home IOT. We believe our Whisper technology will
      be able to demonstrate benefits for far-field applications by the end of
      the year. In addition, the novel Simax lithium-ion batteries have passed
      all the certification tests, and Hitachi Maxwell and Kopin are exploring
      volume production alternatives.
    </p>
    <p>
      &#8220;Finally, the approximately $25 million investment from Goertek
      strengthened our financial position, and is helping fund the investment
      to commercialize and market our technology. Either through licensing
      system designs, selling our proprietary components, or even providing
      the full systems such as Solos, Kopin is well positioned as the VR and
      AR markets begin to accelerate,&#8221; concluded Dr. Fan.
    </p>
    <div style="margin-left: 0pt; width: 100%; margin-right: 0pt; margin-bottom: 10pt; 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="height: 1.5pt; color: black">

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

        </div>
      </div>
    </div>
    <p>
      <b>First Quarter Financial Results</b>
    </p>
    <p>
      Total revenues for the first quarter ended April 1, 2017, were $4.4
      million, compared with $6.1 million for the first quarter ended
      March&#160;26, 2016. Included in the first quarter of 2017 was approximately
      $400,000 of revenues from the acquired company. Sales of products for
      Wearable applications were $0.7 million for the first quarter of 2017 as
      compared to $2.6 million in the first quarter of 2016. The decrease was
      primarily attributable to customers who use our products for drone
      applications. The customers are shifting into two of our higher
      resolution displays, and the revenues are expected to recover, and
      increase beginning in Q2.
    </p>
    <p>
      Research and development (R&amp;D) expenses for the first quarter of 2017
      were $4.3 million compared with $4.0 million for the first quarter of
      2016.
    </p>
    <p>
      Selling, general and administrative (S,G&amp;A) expenses were $5.6 million
      for the first quarter of 2017 as compared with approximately $3.8
      million for the same period in 2016. Selling, general and administrative
      expense increased for the three months ended April&#160;1, 2017 as compared
      to the same period in 2016, reflecting an increase in legal and
      accounting cost incurred in the investigation of the fraud at our Korean
      subsidiary and an increase in stock-based compensation costs. Operating
      expenses are expected to remain largely flat with full year 2016.
    </p>
    <p>
      The Company recorded a tax benefit of approximately $1.1 million for the
      three months ended April 1, 2017 as compared to a tax provision of
      approximately $0.1 million for the same period in the prior year. As a
      result of the acquisition the Company recorded net deferred tax
      liabilities of approximately $1.0 million which resulted in the Company
      reducing the valuation allowance on its net deferred tax assets. The
      reduction in the valuation allowance was recorded as a tax benefit in
      the tax provision.
    </p>
    <p>
      Net loss for the first quarter of 2017 was $7.9 million, or $0.12 per
      share, compared with net loss of $6.9 million, or $0.11 per share, for
      the first quarter of 2016. Included in the results of the first quarter
      of 2017 was a $0.3 million gain from the mark to market of a warrant
      that the company acquired as part of a license of its technology.
    </p>
    <p>
      We have maintained our strong financial position. Net cash used in
      operating activities for the three months ended April 1, 2017 was
      approximately $6.6 million. Kopin&#8217;s cash and equivalents and marketable
      securities were&#160;approximately $67.8 million&#160;at&#160;April 1, 2017 as compared
      to $77.2 million at December&#160;31, 2016 and we have no long-term debt. On
      April 20, 2017 we completed the sale of 7,589,000 shares of our common
      stock to Goertek Inc. for approximately $24.6 million.
    </p>
    <div style="margin-left: 0pt; width: 100%; margin-right: 0pt; margin-bottom: 10pt; 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="height: 1.5pt; color: black">

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

        </div>
      </div>
    </div>
    <p>
      During the first quarter of 2017 we had 5 patents granted and filed for
      6 new applications. Overall we have over 300 patents and patents
      pending, almost all of which are related to wearable applications.
    </p>
    <p>
      All amounts above are estimates and readers should refer to our Form
      10-Q for the quarter ended April 1, 2017, for final disposition.
    </p>
    <p>
      <b>Financial Results Conference Call</b>
    </p>
    <p>
      In conjunction with its first quarter 2017 financial results,&#160;Kopin&#160;will
      host a teleconference call for investors and analysts at&#160;8:30 a.m.
      ET&#160;today. To participate, please dial (877) 709-8150 (U.S. and&#160;Canada)
      or (201) 689-8354 (International). The call will also be available as a
      live and archived audio webcast on the &#8220;Investors&#8221; section of
      the&#160;Kopin&#160;website,&#160;<u>www.kopin.com</u>.
    </p>
    <p>
      <b>About&#160;Kopin</b>
    </p>
    <p>
      Kopin Corporation is a leading developer and provider of innovative
      wearable technologies and solutions for integration into head-worn
      computing and display systems to military, industrial and consumer
      customers. Kopin&#8217;s technology portfolio includes ultra-small displays,
      optics, speech enhancement technology, system and hands-free control
      software, low-power ASICs, and ergonomically designed smart headset
      reference systems. Kopin&#8217;s proprietary components and technology are
      protected by more than 300 global patents and patents pending. For more
      information, please visit Kopin&#8217;s website at&#160;<u>www.kopin.com</u>.
    </p>
    <p>
      Kopin, Lightning, Pearl, Pupil, Solos, and Whisper are trademarks
      of&#160;Kopin Corporation.
    </p>
    <p>
      <b>Forward-Looking Statements</b>
    </p>
    <p>
      <i>Statements in this press 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. These include, without limitation,
      statements relating to our belief that we continued to make strong
      progress in the first quarter as we shift our focus from development to
      commercialization of our optics, displays, and system technology for
      virtual reality (VR) and augmented reality (AR); our belief that our
      partnership with Goertek is on track to produce three headsets by year
      end 2017;</i> <i>our belief that these headsets will include a
      combination of our Pupil&#8482; optics , Pearl&#8482; optics and Whisper&#8482; chip voice
      technology;</i> <i>our belief that Goertek is also working with us to
      include our innovative components into wearables systems as they are
      working with many global companies;</i> <i>our belief that working with
      Goertek on the next generation of Solos will advance the capabilities of
      the cycling version as well as adjusting the configuration to create a
      Solos targeted to other fitness applications, such as running; our
      agreement with Olightek Yunnan that we will jointly procure an advanced
      production OLED deposition machine; our expectation that the machine we
      purchase with Olightek Yunnan will be ready for volume production by
      early next year; our expectation that the OLED-on-Silicon manufacturing
      center being built with Olightek and BOE Technology Group LTD (BOE)</i> <i>will
      be on-line within two years; our expectation that the</i> <i>OLED-on-Silicon
      manufacturing center should match the expected growing demands for VR
      and AR manufacturers around the world;</i> <i>our expectation that there
      will be growing demands for VR and AR manufacturers around the world;
      our expectation that the FWS-I will be full production late this year;</i>
      <i>our expectation that the Crew Served program will begin the
      development phase later this year;</i> <i>our belief that if the current
      administration&#8217;s budget is passed, we are well positioned to benefit
      from new awards; our belief that our Whisper technology will be able to
      demonstrate benefits for</i> <i>far-field applications by the end of the
      year; our belief that Kopin is well positioned as the VR and AR markets
      begin to accelerate; and our expectation that customers are shifting
      into two of our higher resolution displays, and that revenues are
      expected to recover and grow starting Q2; our expectation that our
      operating expenses are expected to remain largely flat with 2016.. 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, the following: We may not be able to commercialize
      our products for the VR and AR markets; our partnership with Goertek may
      not produce three headsets by year end 2017;</i> <i>if we do develop
      three headsets they may not</i> <i>include a combination of or any of
      our Pupil optics , Pearl optics and Whisper chip voice technology;</i> <i>Goertek
      may not include our innovative components into wearables systems;
      working with Goertek on the next generation of Solos may not advance the
      capabilities of the cycling version or adjust the configuration to
      create a Solos targeted to other fitness applications, such as running;
      we might not procure an advanced production OLED deposition machine with
      Olightek Yunnan; if we are able to purchase a machine with Olightek
      Yunnan, such machine may not be ready for volume production by early
      next year; the OLED-on-Silicon manufacturing center being built with
      Olightek and BOE Technology Group LTD (BOE)</i> <i>may not be on-line
      within two years; the</i> <i>OLED-on-Silicon manufacturing center may
      not be running in time for the expected growing demands for VR and AR
      manufacturers around the world;</i> <i>there may not be growing demands
      for VR and AR manufacturers around the world; the FWS-I may not be in
      full production late this year;</i> <i>we may designed our of the FWS-I;
      the Crew Served program may not begin the development phase later this
      year;</i> <i>we may not be awarded contracts under the FWS-I and Crew
      Served programs; the current administration&#8217;s budget does not pass, or
      if it is passed, we may not benefit from an increase to the military
      budget; we may not be able to demonstrate Whisper technology benefits for</i>
      <i>far-field applications by the end of the year; we may not be well
      positioned as the VR and AR markets begin to accelerate; our progress
      may not lead to the growth of the AR and VR markets; the AR and VR
      markets may take longer to develop than we anticipate; there may be no
      demand for our AR and VR products; our customers may not shift into two
      of our higher resolution displays, and revenues do not recover or grow
      starting in Q2; our operating expenses do not remain</i> <i>largely flat
      with 2016 our R&amp;D expense is not lower; and other risk factors and
      cautionary statements listed in Kopin&#8217;s periodic reports and
      registration statements filed with the&#160;Securities and Exchange
      Commission, including the Annual Report on Form 10-K for the 12 months
      ended&#160;December 31, 2016, and Kopin&#8217;s subsequent filings with
      the&#160;Securities and Exchange Commission. You should not place undue
      reliance on any forward-looking statements, which are based only on
      information currently available to Kopin and only as of the date on
      which they are made. We undertake no obligation to update any of these
      forward-looking statements to reflect events or circumstances occurring
      after the date of this release.</i>
    </p>
    <div style="margin-left: 0pt; width: 100%; margin-right: 0pt; margin-bottom: 10pt; 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="height: 1.5pt; color: black">

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

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

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

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

        </td>
      </tr>
      <tr>
        <td colspan="9" valign="top" style="padding-left: 0.0px; text-align: center; padding-right: 0.0px; white-space: nowrap">
          <b>Kopin Corporation</b>
        </td>
      </tr>
      <tr>
        <td colspan="9" valign="top" style="padding-left: 0.0px; text-align: center; padding-right: 0.0px; white-space: nowrap">
          <b>Supplemental Information</b>
        </td>
      </tr>
      <tr>
        <td colspan="9" valign="top" style="padding-left: 0.0px; text-align: center; padding-right: 0.0px; white-space: nowrap">
          <b>(Unaudited)</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="6" valign="top" style="border-bottom-color: black; padding-left: 0.0px; text-align: center; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; border-bottom-style: solid">
          <b>Three Months Ended</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="top" style="padding-left: 0.0px; text-align: center; padding-right: 0.0px; white-space: nowrap">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <u><b>April 1, 2017</b></u>
          </p>
        </td>
        <td>

        </td>
        <td colspan="3" valign="top" style="padding-left: 0.0px; text-align: center; padding-right: 0.0px; white-space: nowrap">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <u><b>March 26, 2016</b></u>
          </p>
        </td>
      </tr>
      <tr>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; text-align: left; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; border-bottom-style: solid">
          <b>Display Revenues by Category (in millions)</b>
        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

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

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap">
          $
        </td>
        <td valign="bottom" style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap">
          0.7
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap">
          $
        </td>
        <td valign="bottom" style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap">
          2.6
        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap">
          0.9
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap">
          1.5
        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap">
          1.9
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap">
          1.1
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          Consumer Electronics Applications
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap">
          0.5
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap">
          0.8
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px">
          <p style="margin-bottom: 0px; margin-top: 0px">
            Research and Development
          </p>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; text-align: left; border-bottom-width: 1.0pt; border-bottom-style: solid">
          <p style="margin-bottom: 0px; margin-top: 0px">
            &#160;
          </p>
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; border-bottom-style: solid">
          <p style="margin-bottom: 0px; margin-top: 0px">
            0.4
          </p>
        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; text-align: left; border-bottom-width: 1.0pt; border-bottom-style: solid">
          <p style="margin-bottom: 0px; margin-top: 0px">
            &#160;
          </p>
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; border-bottom-style: solid">
          <p style="margin-bottom: 0px; margin-top: 0px">
            0.1
          </p>
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          Total
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap">
          $
        </td>
        <td valign="bottom" style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap">
          4.4
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap">
          $
        </td>
        <td valign="bottom" style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap">
          6.1
        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; text-align: left; border-bottom-width: 1.0pt; border-bottom-style: solid">
          <b>Stock-Based Compensation Expense</b>
        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          <b>Continuing Operations</b>
        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          Cost of component revenues
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap">
          $
        </td>
        <td valign="bottom" style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap">
          130,000
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap">
          $
        </td>
        <td valign="bottom" style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap">
          142,000
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          Research and development
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap">
          199,000
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap">
          117,000
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px">
          Selling, general and administrative
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; border-bottom-style: solid">
          963,000
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; border-bottom-style: solid">
          (203,000
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; text-align: left; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; border-bottom-style: solid">
          )
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap">
          $
        </td>
        <td valign="bottom" style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap">
          1,292,000
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap">
          $
        </td>
        <td valign="bottom" style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap">
          56,000
        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="border-bottom-color: black; padding-left: 0.0px; text-align: left; border-bottom-width: 1.0pt; border-bottom-style: solid">
          <b>Other Financial Information</b>
        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          Depreciation and amortization
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap">
          $
        </td>
        <td valign="bottom" style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap">
          431,000
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap">
          $
        </td>
        <td valign="bottom" style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap">
          335,000
        </td>
        <td>

        </td>
      </tr>
    </table>
    </div>
    <div style="margin-left: 0pt; width: 100%; margin-right: 0pt; margin-bottom: 10pt; 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="height: 1.5pt; color: black">

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

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

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

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

        </td>
      </tr>
      <tr>
        <td colspan="9" valign="top" style="padding-left: 0.0px; text-align: center; padding-right: 0.0px; white-space: nowrap">
          <b>Kopin Corporation</b>
        </td>
      </tr>
      <tr>
        <td colspan="9" valign="top" style="padding-left: 0.0px; text-align: center; padding-right: 0.0px; white-space: nowrap">
          <b>Condensed Consolidated Statements of Operations</b>
        </td>
      </tr>
      <tr>
        <td colspan="9" valign="top" style="padding-left: 0.0px; text-align: center; padding-right: 0.0px; white-space: nowrap">
          <b>(Unaudited)</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td colspan="3" valign="top" style="padding-left: 0.0px; text-align: center; padding-right: 0.0px; white-space: nowrap">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <u><b>April 1, 2017</b></u>
          </p>
        </td>
        <td>

        </td>
        <td colspan="3" valign="top" style="padding-left: 0.0px; text-align: center; padding-right: 0.0px; white-space: nowrap">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <u><b>March 26, 2016</b></u>
          </p>
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          Revenues:
        </td>
        <td>

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

        </td>
        <td>

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

        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 15.0px; text-align: left">
          Net product revenues
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap">
          $
        </td>
        <td valign="bottom" style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap">
          3,933,142
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap">
          $
        </td>
        <td valign="bottom" style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap">
          5,978,134
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 15.0px; text-align: left; padding-bottom: 2.0px">
          Research and development revenues
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; border-bottom-style: solid">
          444,985
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; border-bottom-style: solid">
          141,004
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap">
          4,378,127
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap">
          6,119,138
        </td>
        <td>

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

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

        </td>
        <td>

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

        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 15.0px; text-align: left">
          Cost of product revenues
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap">
          3,111,448
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap">
          4,636,041
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 15.0px; text-align: left">
          Research and development
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap">
          4,281,870
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap">
          4,039,951
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 15.0px; text-align: left; padding-bottom: 2.0px">
          Selling, general and administrative
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; border-bottom-style: solid">
          5,635,775
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; border-bottom-style: solid">
          3,760,849
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap">
          13,029,093
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap">
          12,436,841
        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap">
          (8,650,966
        </td>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left; padding-right: 0.0px; white-space: nowrap">
          )
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap">
          (6,317,703
        </td>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left; padding-right: 0.0px; white-space: nowrap">
          )
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px">
          Other (expense), net
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; border-bottom-style: solid">
          (423,095
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; text-align: left; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; border-bottom-style: solid">
          )
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; border-bottom-style: solid">
          (376,085
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; text-align: left; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; border-bottom-style: solid">
          )
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          <p style="margin-bottom: 0px; margin-top: 0px">
            Loss before benefit (provision) for income taxes and net loss
            (income) from noncontrolling interest
          </p>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap">
          (9,074,061
        </td>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left; padding-right: 0.0px; white-space: nowrap">
          )
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap">
          (6,693,788
        </td>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left; padding-right: 0.0px; white-space: nowrap">
          )
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left">

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px">
          Benefit (provision) for income taxes
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; border-bottom-style: solid">
          1,066,000
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; border-bottom-style: solid">
          (141,000
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; text-align: left; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; border-bottom-style: solid">
          )
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap">
          (8,008,061
        </td>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left; padding-right: 0.0px; white-space: nowrap">
          )
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap">
          (6,834,788
        </td>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left; padding-right: 0.0px; white-space: nowrap">
          )
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px">
          Net loss (income) attributable to noncontrolling interest
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; border-bottom-style: solid">
          81,438
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; border-bottom-style: solid">
          (98,673
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; text-align: left; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; border-bottom-style: solid">
          )
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left; padding-bottom: 4.0px">
          Net loss attributable to the controlling interest
        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 2.25pt; border-bottom-style: double">
          $
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 2.25pt; border-bottom-style: double">
          (7,926,623
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; text-align: left; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 2.25pt; border-bottom-style: double">
          )
        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 2.25pt; border-bottom-style: double">
          $
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 2.25pt; border-bottom-style: double">
          (6,933,461
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; text-align: left; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 2.25pt; border-bottom-style: double">
          )
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

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

        </td>
        <td>

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

        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 15.0px; text-align: left">
          Basic
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap">
          $
        </td>
        <td valign="bottom" style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap">
          (0.12
        </td>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left; padding-right: 0.0px; white-space: nowrap">
          )
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap">
          $
        </td>
        <td valign="bottom" style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap">
          (0.11
        </td>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left; padding-right: 0.0px; white-space: nowrap">
          )
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 15.0px; text-align: left">
          Diluted
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap">
          $
        </td>
        <td valign="bottom" style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap">
          (0.12
        </td>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left; padding-right: 0.0px; white-space: nowrap">
          )
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap">
          $
        </td>
        <td valign="bottom" style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap">
          (0.11
        </td>
        <td valign="bottom" style="padding-left: 0.0px; text-align: left; padding-right: 0.0px; white-space: nowrap">
          )
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

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

        </td>
        <td>

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

        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 15.0px; text-align: left; padding-bottom: 4.0px">
          Basic
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 2.25pt; border-bottom-style: double">
          64,538,686
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 2.25pt; border-bottom-style: double">
          63,978,048
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 15.0px; text-align: left; padding-bottom: 4.0px">
          Diluted
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 2.25pt; border-bottom-style: double">
          64,538,686
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 2.25pt; border-bottom-style: double">
          63,978,048
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
      </tr>
    </table>
    </div>
    <div style="margin-left: 0pt; width: 100%; margin-right: 0pt; margin-bottom: 10pt; 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="height: 1.5pt; color: black">

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

        </div>
      </div>
    </div>
<div style="text-align:left">
    <table cellspacing="0" style="font-family: Times New Roman; width: 100%; margin-bottom: 10.0px; font-size: 8pt">
      <tr>
        <td colspan="8">
          &#160;
        </td>
      </tr>
      <tr>
        <td colspan="8" valign="top" style="padding-left: 0.0px; text-align: center; padding-right: 0.0px; white-space: nowrap">
          <b>Kopin Corporation</b>
        </td>
      </tr>
      <tr>
        <td colspan="8" valign="top" style="padding-left: 0.0px; text-align: center; padding-right: 0.0px; white-space: nowrap">
          <b>Condensed Consolidated Balance Sheets</b>
        </td>
      </tr>
      <tr>
        <td colspan="8" valign="top" style="padding-left: 0.0px; text-align: center">
          <b>(Unaudited)</b>
        </td>
      </tr>
      <tr>
        <td>

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

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

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

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2" valign="top" style="border-bottom-color: black; padding-left: 0.0px; text-align: center; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; border-bottom-style: solid">
          <b>April 1, 2017</b>
        </td>
        <td>

        </td>
        <td colspan="2" valign="top" style="border-bottom-color: black; padding-left: 0.0px; text-align: center; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; border-bottom-style: solid">
          <b>December 31, 2016</b>
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          ASSETS
        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 15.0px; text-align: left">
          Cash and marketable securities
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap">
          $
        </td>
        <td valign="bottom" style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap">
          67,750,569
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap">
          $
        </td>
        <td valign="bottom" style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap">
          77,197,896
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 15.0px; text-align: left">
          Accounts receivable, net
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap">
          2,390,660
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap">
          1,699,195
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 15.0px; text-align: left">
          Inventory
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap">
          4,194,821
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap">
          3,302,112
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 15.0px; text-align: left">
          Prepaid and other current assets
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap">
          1,263,995
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap">
          1,194,901
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 15.0px; text-align: left; padding-bottom: 2.0px">
          Note receivable
        </td>
        <td>

        </td>
        <td>

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

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

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap">
          75,600,045
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap">
          83,394,104
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap">
          2,999,590
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap">
          2,976,006
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left">
          Goodwill and intangible assets
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap">
          4,130,130
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap">
          844,023
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px">
          Other assets
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; border-bottom-style: solid">
          823,746
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; border-bottom-style: solid">
          618,139
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 2.25pt; border-bottom-style: double">
          $
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 2.25pt; border-bottom-style: double">
          83,553,511
        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 2.25pt; border-bottom-style: double">
          $
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 2.25pt; border-bottom-style: double">
          87,832,272
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

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

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

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 15.0px; text-align: left">
          Accounts payable
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap">
          $
        </td>
        <td valign="bottom" style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap">
          3,878,123
        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap">
          $
        </td>
        <td valign="bottom" style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap">
          4,355,462
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 15.0px; text-align: left">
          Accrued expenses
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap">
          6,993,821
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap">
          5,457,484
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 15.0px; text-align: left">
          Deferred income taxes
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap">
          2,686,000
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap">
          2,571,000
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 15.0px; text-align: left; padding-bottom: 2.0px">
          Billings in excess of revenue earned
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; border-bottom-style: solid">
          1,134,558
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; border-bottom-style: solid">
          981,761
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap">
          14,692,502
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap">
          13,365,707
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap">
          251,186
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap">
          246,922
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

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

        </td>
        <td>

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

        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap">
          68,525,900
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap">
          74,077,686
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px">
          Noncontrolling interest
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; border-bottom-style: solid">
          83,923
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; border-bottom-style: solid">
          141,957
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left; padding-bottom: 2.0px">
          Total stockholders' equity
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; border-bottom-style: solid">
          68,609,823
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 1.0pt; border-bottom-style: solid">
          74,219,643
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-left: 0.0px; text-align: left; padding-bottom: 4.0px">
          Total liabilities and stockholders' equity
        </td>
        <td>

        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 2.25pt; border-bottom-style: double">
          $
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 2.25pt; border-bottom-style: double">
          83,553,511
        </td>
        <td>

        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 2.25pt; border-bottom-style: double">
          $
        </td>
        <td valign="bottom" style="border-bottom-color: black; padding-left: 0.0px; text-align: right; padding-right: 0.0px; white-space: nowrap; border-bottom-width: 2.25pt; border-bottom-style: double">
          87,832,272
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>
          &#160;
        </td>
      </tr>
    </table>
    </div>
    <p>

    </p>
    <p>
      CONTACT:<br>Kopin Corporation<br><b>Richard Sneider,&#160;</b>508-870-5959<br>Treasurer
      and Chief Financial Officer<br><u>Richard_Sneider@kopin.com</u><br>or<br>Market
      Street Partners<br><b>Joann Horne,&#160;</b>415-445-3233<br><u>JHorne@marketstreetpartners.com</u>
    </p>
  </body>
</html>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
